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Is Citi Double Cash Now the Best Card for Plastiq Payments? (Mortgage/Rent, Auto, HOA)

citi double cash plastiq

Plastiq is an online service that allows you to pay nearly any bill using a credit card. And now for the “gotchas:”

  • There’s a 2.5% fee to send a bill payment
  • You can’t make loan payments (rent, car note, etc.) with a Visa or Amex card, but residential rent and HOA fees are OK
  • You CAN make loan payments with a Mastercard or Discover card
  • Capital One cards currently don’t work in their system right now
  • Most cards only earn 1 point or mile per $1 spent, which doesn’t make the fee worth it

That said, there are a lots of situations you’d want to use Plastiq despite the fee:

  • To complete minimum spending requirements in literally seconds and earn a sign-up bonus
  • When they run a promotion for free or discounted payments
  • When paying the fee gives you wiggle room for unexpected expenses
  • To reach a big spend bonus for a free hotel night/airline elite status credit, depending which card you have
  • If your card issuer is running a promotion for bonus miles/points/cash

And there are two cards with a 2X earning rate that work with Plastiq. The first is the Amex Blue Business Plus, which earns 2X Amex Membership Rewards points on all purchases, up to $50,000 spent per calendar year. That’s cool, but many peeps don’t qualify for small business cards, or don’t want to pay personal bills with a business card.

I value bank points at 2 cents each, so earning 2X points per $1 spent is a 4% return.

If you maximize your per-point value, it can easily offset Plastiq’s fee. Like when you get an international long-haul flight in a premium class. For that reason, I’ve been using my Amex Blue Business Plus on Plastiq a lot – but as noted above, I can’t pay my mortgage or car payment.

Enter the second option…

Citi Double Cash Plastiq payments

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Review: 3 Ways the Amex Platinum Card Is Worth the $550 Annual Fee

If you can’t tell, I’ve been thinking about ultra-premium cards a lot lately. Which ones to keep and pick up… and my overall card strategy.

All roads lead back to the Amex Platinum Card (learn more here) – the original, and a current stronghold.

Several years ago, it was my first card that had a big annual fee. Lots has changed in the industry since, but it’s held up remarkably well. It’s still the card to have if you’re seeking lounge access (though admittedly denigrated a bit in the past few years).

Among ultra-premium cards, it holds its own – especially if you can get maximum value from the long list of benefits.

There are three main ways to approach recouping the cost of the $550 annual fee: through lounge access, with statement credits, or from ancillary bennies.

In each case, the card earns its keep – making the rest of the perks gravy. 🤤 Let’s dig in a bit more.

And don’t forget the 60,000-point welcome bonus, worth ~$1,200 by itself!

amex platinum card review

Use the Amex Priority Pass to take a nap in airport Minute Suite locations – and many other lounges around the world

Here’s my expert analysis. 🧐

Amex Platinum Card review – how to make the $550 fee worth it

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PSA: Don’t Make This Mistake With US Bank Altitude Reserve Travel Credits

Upon logging into my US Bank online account, I noticed something weird.

I have a decent amount of points from using mobile pay at Costco for 3X points (a 4.5% return because each point is worth 1.5 cents toward travel). And I have my Real-time Rewards threshold set to $10.

So when I make a travel charge over $10, I get a text asking if I’d like to redeem points to “erase” it.

altitude reserve travel credits

Just say the magic word and your charge is gone. (The magic word is “Redeem”)

I used this for a few Uber rides recently. Great, great, love it.

But then… I noticed my $325 annual travel credit had recently reset – and doubly covered the charges.

~$82 of charges got double credited – one from Real-time Rewards, the other from my travel credits

Not only did I redeem points for those charges, but somehow it ate up ~$82 worth of my travel credits, too. If I’d known this would happen, I would’ve saved my points.

So when your travel credits reset, DO NOT use Real-time Rewards to erase your charges. You’ll end up paying double!

Oh, and US Bank was beyond lame when I alerted them to what happened. So lame that I’m thinking of dumping this card altogether – after I drain the remaining credits and points, of course.

US Bank Altitude Reserve travel credits don’t play well with Real-time Rewards redemptions

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Does Your Biz Spend $6,000+ a Month? Get 95,000 Points, $700+ in Credits, Lounge Access, Elite Status…

Who’s never had the small business version of the Amex Platinum Card? *raises hand*

This card doesn’t count against your Chase 5/24 status. But I didn’t include it on my list of 6 best cards if you’re over 5/24 because:

  • It will only appeal to a small segment of people
  • The minimum spending requirement to earn the welcome offer is $20,000 (!) in the first 3 months of account opening

But there are several huge reasons to get this card, namely 75,000 Amex Membership Rewards points as a welcome bonus. Plus it comes with a long list of benefits – like $200 in airline credits, 5x points on flights, and 35% points rebate on an airline of your coach (for coach flights, and any airline for Business or First Class).

You can learn more about the card here.

amex platinum business

I always make sure to eat full meals and enjoy a couple free cocktails at Amex Centurion Lounges

The annual fee is NOT waived the 1st year. But man, if you make good use of the lounge access and annual statement credits… it’s a total GOAT.

Amex Platinum business 75K card offer

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Hacking Uber: Earn Points, Cashback, and Credits Every Time You Ride 🚙

Updated 5/23/19.

I’ve been riding Uber more lately because they make it so easy to stack multiple offers when you ride.

earn points with uber

Oh, Uber. I am “getting there”

And, I’m hopeful they’re slowly but surely turning things around.

With Lyft, you can only earn 1X Delta miles – and 30 JetBlue points on airport trips. Which, meh.

I’d rather earn cashback and Drop points, use travel credits, and get Uber credits for shopping around town. And many times you can stack these deals. You know I love a good stack!

1. Earn points and get cashback with Freebird

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Awesome Targeted Deal: Up to 50% Off at Amazon With 1 Amex Membership Rewards Point

Talk about an amazing deal – you can get $30 off a $60+ Amazon purchase when you use 1 Amex Membership Rewards point and put the rest on a qualifying Amex card.

This deal is targeted. You can check your account at this link to see if you’re eligible.

It was in my account, so I immediately got a $60 Whole Foods gift card for only $29.99. That’s 50% off!

The deal works on items sold and shipped by Amazon, and excludes digital content. I love easy wins like this.

Amazon Amex 30 off

I can get everything I need for my heavy metal detox smoothie for 50% off with this latest Amazon Amex promotion

Here are more deets!

Amazon Amex $30 Off $60+

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How Many $400+ Annual Fee Cards Is Too Much (or Just Enough)?

Right now, I have 3 ultra premium credit cards with annual fees of $400 and up:

  • Chase Sapphire Reserve – $450
  • Citi Prestige – $495 (though mine renewed at $450 for one more year)
  • US Bank Altitude Reserve – $400

That’s $1,345 in annual fees! 😵

Still, I find myself wanting the Amex Platinum biz card ($595, but $450 through January 2019) and Amex Hilton Aspire ($450), both for vastly different reasons.

But I can’t justify getting another ultra premium card with a big annual fee. Am I capping out at 3?

I’m really considering downgrading my Chase Sapphire Reserve card. Getting a 4th – or 5th – would be overkill, wouldn’t it?

ultra premium credit cards

No way I’m dumping the best card for Costco shopping! All my high AF cards have a special utility

Here’s a rundown of the major cards with annual fees – and how I get value from them.

Ultra Premium Credit Cards – How Many Does One Need?

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Targeted: 20% Off (up to $100) at Amazon When You Use 1 Amex Point – Easy Savings!

Too good not to share. When you shop at Amazon, you can get 20% off items sold and shipped by Amazon when you use 1 Amex Membership Rewards point as part of your payment method – if you’re targeted.

The discount is good for up to $500 in purchases, which means you can save a maximum of $100.  But you can only use the discount once, and it’s good through December 23, 2018 – so use it for a big purchase this holiday season! Although Amazon could pull it way before that date.

20% off at amazon

Click the page and “Click to activate” 20% off at Amazon

Easy win if you shop at Amazon!

Save up to $100 (20% off) at Amazon with this promotion

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$3,000 or 225,000 Airline Miles From ONE Sign-Up Bonus – But They’re Not for Everyone

Update: This offer is no longer available. Check here to see the latest card offers!

Capital One shook things up this week when they announced mondo 200,000-mile sign-up offers on their Spark Miles and Spark Cash cards. And on the Spark Miles card, those rewards will become transferable to 12 airlines starting December 2018, which is stellar. It’s always good to have more options – especially with flexible rewards programs.

In fact, peeps looking for a single-card solution to most points dilemmas finally found their match. You can redeem the points for 1 cent each, and with the Spark miles card, transfer them at a 2:1.5 ratio to useful airlines like Air Canada, Etihad, and Qantas.

They’re excellent deals if you want a rewarding small business card without hassle.  You’ll end up with $3,000 or 225,000 airline miles after the minimum spending is complete.

capital one spark miles

The required spending and opportunity cost are high with this one

But they’re NOT for everyone. I’ll explain why.

$3,000 or 225,000 Airline Miles After a Boatload of Spending

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Right Now Is a Good Time to Use Yearly Credits (Or Get Them 2X!) on Amex Platinum and Gold Cards

October – chilly autumn air, pumpkins, scary movies, the inevitable return of the holidays, then a new year. And for many cards, mainly the Amex Platinum and Gold cards, the last opportunity to use your statement credits. Such is Q4.

And if there’s a card you want, you still have enough time to apply, use the credits for 2018 – then get a fresh batch of credits to use in 2019. You effectively get double the credits for 1 annual fee, which is awesome.

amex statement credit

Treat yo self to an upgrade, checked bag, or something extra this year AND next for 1 annual fee!

Here are cards for an end of the year double-dip.

Get an Amex statement credit 2X in 2018 and 2019

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9 Easiest Signup Bonuses to Earn (7 Under $500, 2 With a Single Purchase!)

This one’s for peeps who think they can’t earn signup bonuses because the minimum spending requirements are too dang high.

When you think about, spending $3,000 (the usual spending requirement) is, of course, $1,000 per month for 3 months – or $250 per week. These cards tend to have the highest bonuses.

The problem with bank marketing is they throw out huge numbers and scare people off. But when you break it down, it appears way more manageable.

In any regard, there are plenty of cards with much lower minimum spending requirements. And some of them are genuine keepers!

cards with low spending requirements

Or rather, they look high – but most of them aren’t that bad once you break it down

Let’s look at 10 of the easiest signup bonuses you can earn.

10 cards with low spending requirements

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9 Best No Annual Fee Credit Cards – All With a 2% or Better Return

Everyone should have at least 1 credit card without an annual fee. When a card is free to keep forever, you never have to second-guess it. And the card works its powers on your credit report to increase available limits, decrease utilization, and help boost the average age of all your accounts.

My oldest credit card is from 2002 and has no annual fee. No matter how many new cards I open, I’ll always have a 16-year-old card to raise the average age of my accounts higher and therefore, my credit score.

When a card has a fee, it’s harder to justify keeping it – unless you get outsized value.

But having a card without an annual fee doesn’t mean you have to give up solid returns. All of the cards on this list can get you 2% back or better.

Chase Freedom is one of the best no annual fee cards – up to 30,000 Chase Ultimate Rewards points per year from 5X earning! I’ll share my top faves

Here’s my list.

9 best no annual fee credit cards

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