How to make maximum use of cashback offers from your credit cards:
- Sign up for Plastiq.com.
- Set up bills and recipients you want to pay money to in Plastiq.
- You will need to add the receiver's preferred method of receiving money (from Plastiq):
You will need their address for sending paper checks.
To deposit money in their bank account or do a wire transfer you will need their account number and routing number. - Plastiq will then pay the receivers in the payment sending method selected and charge you a 2.85% fee for using your credit card.
- Remember to use the credit cards that offer you the best cashback/discount/bonus (3%+) to make payments to Plastiq.
- Here's a chart of the type of payments you are allowed to make w.r.t. credit card providers:
- Now sit back and enjoy your "X%" cashback from your credit card company while paying plastiq only a 2.85% fee!
References:
https://help.plastiq.com/hc/en-us/articles/360018872334-Learn-About-Supported-Payment-Types-by-Card-Brand-on-Plastiq