Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
- Earn Points for Rent and Mortgage Payments With Plastiq (2% Fee With MasterCards)
- Bye to RadPad, Hello to Plastiq for 2% Bill Payment Fees With MasterCard (Including Mortgages and Utilities)
I’ve written how easy it is to boost your ThankYou points balance by paying rent and mortgages via Plastiq with that card.
And now, there’s another way to earn Citi ThankYou points if you need to make student loan payments.
About Plastiq + Citi AT&T Access More
The Citi AT&T Access More card earns 3X Citi ThankYou points on AT&T purchases, travel, and online purchases. And 1X everywhere else. The card has a $95 annual fee.
The “online purchases” category is broad and includes:
- Some eBay purchases
- Department stores
- Clothing stores
- Pretty much any other online merchant
The 3X category also includes Plastiq, a service that lets you pay bills with a credit card for a 2% fee (with a MasterCard, which the Citi AT&T Access More card is).
I used an Excel Solver formula thanks to the writers at ‘Dem Flyers to check the earning on my student loan payments.
I wasn’t sure if my student loan payment would qualify for 3X because Citi says:
“You won’t earn 3X Points for purchases of and payments for medical services, insurance, taxes and government services, education, charities and utilities.” (Bolding mine.)
And Plastiq definitely codes student loan payments as “education services.”
Regardless, I still earned 3X Citi ThankYou points on my student loan payments.
Moreover, I haven’t had any issues with my payments through Plastiq. My test student loan payment of $20 posted within 4 days.
By the numbers
- Link: Apply for Card Offers
If you owe a lot of student loans, I know, it sucks. I’m in the same boat.
But. If you love to travel and run all your student loan payments through Plastiq and the Citi AT&T Access More card, you could do well with the 3X earnings.
It gets a lot of help from its trusty sidekick, the Citi AT&T Access More card. When you combine the points, they’re worth 1.6 cents each toward American Airlines flights. Or you can transfer the points to travel partners including:
- Flying Blue
- Singapore Airlines
- Virgin America (soon to merge with Alaska Airlines!)
Let’s say you paid $20,000 of student loan debt this way. You’d:
- Pay $400 with Plastiq’s 2% fee
- Earn 61,000 Citi ThankYou points (including on the fees)
61,000 Citi ThankYou points are worth ~$979 toward American Airlines flights if you also have Citi Prestige. So you come out ahead by ~$579, even with the 2% fee considered.
61,000 Citi ThankYou points is also easily enough for 2 round-trip domestic flights on United via Singapore Airlines (at 25,000 Singapore miles for each).
You also earn 10,000 Citi ThankYou points when you spend $10,000 on the card within a cardmember year. 71,000 Citi ThankYou points is enough for 2 peeps to fly from anywhere in the mainland US to Hawaii round-trip in coach on United (at 35,000 Singapore miles for each).
Or you could fly one-way in Singapore Suites (First Class) from New York to Frankfurt for ~57,000 Singapore miles. That’s definitely worth more than the $400 you’ll pay in fees. Not to mention you’ll take a chunk out of your student loans!
Even if you cash out the points for a cent each (but please don’t), they’d be worth ~$610. At the lowest points value rate possible, you’d still come out ahead.
I’m loving this. I pay all my rent payments, my mortgage, and now my student loans through Plastiq and charge it all to my Citi AT&T Access More card. And here’s my experience getting $650 toward an iPhone through AT&T with the card.
I charge about $10K a month and therefore earn about 30,000 Citi ThankYou points AKA 360,000 Citi ThankYou points a year. I also earn points with Citi Prestige and my new Citi ThankYou Premier card. Safe to say I’m rolling in Citi ThankYou points (and therefore Etihad and Singapore Airlines miles).
I dare venture the Citi Prestige/Citi AT&T Access More combo is as good as Chase Ink Plus/Chase Sapphire Preferred.
At any rate, they’re both valuable combos in different ways. And so far, I’m loving the Citi ThankYou program – more on that coming up!
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- Capital One Venture X Rewards - Earn 75,000 Venture miles once you spend $4,000 on purchases within the first 3 months from account opening, plus a $300 annual statement credit for travel booked through Capital One
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- Amex Blue Business Plus - Earn 15,000 Amex Membership Rewards points and 2X bonus points on up to $50,000 in spending per year with NO annual fee
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