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Updated almost 5 years ago on . Most recent reply

User Stats

147
Posts
87
Votes
Daniel Mills
  • Investor
  • Kusatsu, Shiga
87
Votes |
147
Posts

Credit Card Churning Using Plastiq to Pay Your Mortgages

Daniel Mills
  • Investor
  • Kusatsu, Shiga
Posted

Hi guys,

So, I pay around $5000 a month in mortgage payments for my SFH rentals. I was thinking that I could basically meet the minimum spend for sign up bonuses on cards if I use a company like Plastiq that allows you to pay for services, like rent and mortgages, with your credit card. They charge a 2% fee, but the sign-up bonus will most likely be greater than that. Has anyone done this? Any tips?

Daniel

Plastiq

Most Popular Reply

User Stats

1,285
Posts
491
Votes
Frankie Woods
  • Investor
  • Arlington, VA
491
Votes |
1,285
Posts
Frankie Woods
  • Investor
  • Arlington, VA
Replied

Some of the sign up bonuses are worth way more than $500.  I just flew round trip to Europe in Biz class using points.  Retail value of tickets were $9k each way.  $2k in economy.  This is simple and straightforward to do with plastic.

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