Abrupt Early End of RadPad Android Pay Promotion!

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Abrupt Early End of RadPad Android Pay Promotion!

Million Mile SecretsAbrupt Early End of RadPad Android Pay Promotion!Million Mile Secrets Team

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In the miles and points hobby, great deals don’t last forever.  Via Doctor of Credit, RadPad will no longer allow folks to pay rent using a credit card and Android Pay without a fee.  Instead, there will be a 2.99% fee.

And thank you to the many readers who wrote to let me know about this change!

The promotion was originally scheduled to last through the end of 2016.  But RadPad announced the overwhelming response to the offer caused them to end it immediately.

Abrupt Early End Of RadPad Android Pay Promotion
After Just 2 Weeks, RadPad Is Ending Their Promotion to Pay Rent Using Android Pay With No Fees

This news is certainly disappointing!

What’s the Story?

Link:   RadPad Update on Android Pay Promotion

Folks who signed up and qualified for the RadPad promotion prior to August 24, 2016, can still pay rent with a credit card and Android Pay without a fee as long as the rent is charged on or before August 31, 2016.  There will be a 2.99% fee for all rent payments after August.

Remember, RadPad confirms your rent details before they mail a check to your landlord.  So you won’t be able to pay multiple months rent before the promotion ends.

The RadPad promotion had promise to be an excellent and fee-free way to meet minimum spending requirements.

And with Chase credit cards coming to Android Pay on September 7, 2016, folks were looking forward to using their new Chase Sapphire Reserve card on RadPad to meet the $4,000 minimum spending requirement.

Remember, you can also make rent payments with Plastiq.  They only charge a 2.5% fee with a Visa, MasterCard, or AMEX card, which is lower than RadPad’s 2.99% fee.  You can also pay other bills, like utilities, mortgages, and student loans.

And, I’ve put together a list of 40+ ways to meet minimum spending requirements!  So hopefully you’ll find an alternative!

Were you able to take advantage of the RadPad promotion?

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$5 million in rent payments x 2.9% Stripe fee = $145,000

Kind of a big dent in a startup’s budget. They did the right thing as this would’ve likely cost about a million dollars by the end of the year.

Look, if you’re getting 50,000 miles on a credit card bonus, it’s worth at least $1,000 in airplane tickets. So, if you have to use RadPad to pay rent for a couple of months and hit the bonus, then pay the $100+ in credit card fees and enjoy your miles. It’s an even better deal on a 100K miles bonus.

What’s dumb is that they set up the Android Pay exclusive, likely with a payout from Google, but then mid month pulled free debit transactions without warning. As an ethical business, you simply don’t do that when it effects finances that people trust you to handle. They added free ACH, but there are only like 12 banks currently available – you do business with a small credit union, tough luck! And even that wasn’t working initially. Then Android Pay payments using an Amex failed for a bunch of people. Now this…

scummy behavior by radpad yet again