Want to maximize your miles when paying rent or other expenses?
Plastiq is a payment processing service that allows you to pay bills with a credit card when the recipient does not accept credit cards. They can send payments via a variety of methods including ACH and check. Since rent is often the biggest monthly expense, this can be a great way to hit sign up bonuses and earn points on rent. One call out is that there is a fee of 2.9% so this strategy only works when working on a sign up bonus which easily offsets the fee. The below example shows how you can turn you rent into travel. Rather than pay directly for travel, paying fees to hit a sign up bonus can leverage your money almost 6x!
| Hypothetical rent | Fee | Point Value (20%) | Point Value – Fee Per Month | Point Value – Fees Per Year | Return on Fee |
| $1,000 | $29 | $200 | $171 | $2,052 | 5.89x |
Want to spend more than your monthly rent? See if you can pay for other’s rent as well and get paid back through Venmo. This can massively increase your points earning potential.
If you’re interested in using Plastiq and want to support the blog you can sign up using my referral link and if you spend $2,500 in 30 days you get $1,000 fee free dollars (~$30 of value).
Want to earn points, but don’t want to pay any fees? Check out this post on the Bilt Mastercard.
