Loans Canada Launches Free Credit Score Portal And Is Recognized As One Of Canada’s Top Growing Companies
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
If you have a rewards credit card in your wallet, you may want to use it as often as possible to maximize its benefits and accumulate as many points as you can. After which you can redeem your points to cover the costs of all sorts of products and services, making your money work for you.
But have you ever wanted to use your credit card to pay your bills, including your rent? You’re likely spending thousands of dollars a month in bills, so wouldn’t it be great to be able to put those expenses on your card and reach your points goal a lot faster?
The thing is, using your credit card to pay for things like your rent hasn’t always been easy or even possible, depending on your landlord. However, there’s a new platform available that could make it possible for you to cover the cost of your rent with your credit card, which means many more points collected each month.
Plastiq is an online platform that allows you to add your credit card to your account and pay for all sorts of bills — including your rent — that you may not have been able to do before such a platform existed.
Plastiq is easy to use. Follow these steps to get set up:
Plastiq allows all major credit cards to be used, including Visa and MasterCard, as well as debit cards.
Find out if your rent payments can help you build credit.
Plastiq charges a fee of 2.85% per transaction. There may also be additional fees based on the country that your credit card was issued in or the method of payment delivery. So, if you’re paying a rent of $1,500, you’d be paying a fee of $42.75.
The fee for credit and debit cards issued in the US is discounted to 1%.
Check out how much the average rent is in Canada.
There are a few perks and drawbacks to using Plastiq that you should be aware of before you choose to use this service.
Check out if you can rent an apartment with bad credit.
Plastiq offers a unique way for tenants to pay their rent every month. Rather than having to write or send a cheque, you can use your credit card to cover the thousands of dollars you pay in rent every year, which can help you accumulate far more rewards points on your credit card as a result. Just make sure that the points you earn outweigh the costs to use this service.
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Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
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