Nowadays there are endless opportunities to earn miles and points. There is currently a way to earn points by paying your biggest monthly payments: mortgage, rent, and student loans.
Those pesky monthly payments can be an opportunity to earn a ton of free travel by using your travel rewards credit card.
But how is it possible to pay your mortgage, rent, and student loans with a credit card?
Plastiq
Plastiq is a service that lets you use your credit card in places that otherwise wouldn’t accept card payments. The idea is that you can pay for goods or services with a credit card, and Plastiq will generate either a check, ACH payment, or wire.
Its important to note that when paying your mortgage, rent, or student loans, that you have enough money in the bank to pay off your credit card bill. The same way you would responsibly pay off these bills via check or bank account is the same way you would pay them via credit card. The only difference is you earn miles and points for free travel for transactions you would make anyway.
Meet Minimum Spending With Plastiq
Plastiq is a great way to meet the minimum spending for credit cards with a big sign up bonus to get free travel. For example, I recently got approved for the Chase World of Hyatt card offering a sign up bonus of 60,000 after spending $6,000.
I plan on using the 60,000 Hyatt points at the Hyatt Ziva Puerto Vallarta in Mexico with my family of 4. As a family of 3, before my second daughter with my first daughter being one years old, we stayed at the Hyatt Zilara Rose Bowl in Montego Bay, Jamaica. It was an amazing family vacation with all food and drinks included.
Now that I have a 4 month old daughter, we plan on going to the all inclusive Hyatt in Mexico.
Hyatt Ziva In Puerto Vallarta, Mexico For Only 20,000 Hyatt Points Per Night
Nights at the Hyatt Ziva Puerto Vallarta cost ~$280 or 20,000 Hyatt points per night based on double occupancy. The cost per night can exceed $500 during peak season!
So the sign-up bonus from the Chase Hyatt card could be worth at least ~$840 (or over $1,500 during peak season) if you redeemed points here for 3 nights!
If I were to do the entire minimum spending of $6,000 at a 2.5% fee with plastiq, it would cost $150. With the hotel costing $840, I am getting $690 in value with the Chase Hyatt sign up bonus. That’s an amazing return on spending.
Try Plastiq and get $500 in fee-free payments after you spend $500 (referral link): https://try.plastiq.com/wiseflys
Use the $500 in fee-free dollars toward any of the other following options to use Plastiq:
– Car payments (monthly leases)
– Taxes
– Tuition
– Condo fees
– Insurance
– Contractors
– Nannies, babysitters
– Landscapers
– Purchase car, boat
– Almost anything else you can think of
Try Plastiq and get $500 in fee-free payments after you spend $500 (referral link): https://try.plastiq.com/wiseflys
What is your experience with Plastiq?
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