My current favourite app is Paytm Canada. They’re a mobile app that allows you to pay your bills with your credit card, similar to Plastiq. Downloadable on iOS and Android, you can get a $10 credit using promo code PTM9462620 when signing up and paying your first bill of more than $25.
While Paytm is new in Canada, they are a large payment services company in India, backed by names like Alibaba. In the app, you can pay thousands of billers with on taxes, rent, tuition, and more. At this time, they do not have a desktop interface or website. This only works on your mobile device.
You can use your Visa, MasterCard, American Express, or bank account to pay bills. Normally, the fee for using credit cards is 1.75%. But, the biggest part of the deal is that they are waiving the 1.75% credit card service fee for a limited time! There’s nothing public, but you should see it reflected at your payment screen. The best promo code to use when signing up is PTM9462620, which gets you $10 after paying your first bill > $25. This is on top of the convenience charge waiver, so just for using the app, you get an additional $10 absolutely free!
The maximum daily payment is $1500, per account, which means for every payment during the promotion, you save $26.25 and earn 1500+ points! There’s no cost either, because you would normally use your bank account to pay these. For larger bills, you can repeat the process daily as necessary. This is fantastic for those with who owe the CRA lots of money, have pricy property tax bills, or lots of student tutiton/debt.
If you’ve recently gotten an credit card, this is a great way to complete minimum spend. The American Express Business Gold or Business Platinum Card have the highest spends required for the signup bonus – $5000. In just 4 days, you’ve met your the spend required! If you haven’t already gotten the card because thought the spending required was too high, using Paytm makes it easy to get the 40,000 or 75,000 points bonus!
In terms of MS, you can earn a ton of points for free, and it’s completely legitimate – you’re paying bills. Most companies should let you overpay your bills and offer an easy way to get the excess funds back. Compared to the AC Conversion cards, where I was withdrawing and depositing hundreds of $20 bills a day, this is a lot easier.
Additional Reading: MS – AC Conversion Cards
Paytm waiving credit card fees for bill payments is the most generous deal I’ve seen this year. I don’t know how long this promotion will run, so sign up quickly!