Dec 2, 2015, 5:53 pm
Last edit by: financialhippie
Successful Credit Cards Used (Posted as Purchase)
Amex Open SPG Business
AMEX SPG (non-business)
BofA - Virgin Atlantic MC
BofA - Amtrak World MC
Barclaycard Aviator Red/Silver MC
Chase Ink Plus Visa
Chase Hyatt Visa (x2)
Chase BA Visa
Chase United MileagePlus Explorer
Chase United MileagePlus Club
Chase Sapphire Preferred
Citi Prestige MC
Citi Premier MC
Citi AT&T Access More MC (3x for rent category)
Citi AA Platinum MC
FIA Fidelity Mastercard
Successful Payees:
BMW Financial: Processed 10/13, Sent 10/14, Arrived-Posted 10/19
Caliber Home Loans: Processed 12/09, Sent 12/11, Arrived-Posted 12/18
Cedent mortgage
Chase Mortgage (sends check)
Citi Mortgage: Processed 10/7, Sent 10/8, Arrived-Posted 10/15
Citizen's Auto Finance - Around 1 week.
CRA Personal Tax
George Mason University: Over a week and a half.
Infiniti Financial: Processed 10/13, Sent 10/14, Arrived-Posted 10/21
Lexus Financial. Processed 3/9/16, Posted 3/14/19
Morgan Stanley Home Loans: Processed 01/14, Sent 01/15, Arrived-Posted 01/21
National Grid Electric MA: 1 week turnaround
National Grid Gas MA: 3 week turnaround, sends physical check
"NJ City" Tax: Processed 01/21, Sent 01/22, Arrived-Posted 02/01
Penfed Mortgage: 1 week turnaround
TD Bank Mortgage (EFT)
Wells Fargo Mortgage: Processed 10/8, Sent 10/9, Arrived-Posted 10/16
Wells Fargo Mortgage: Processed 8/6, Sent 8/9, Posted 8/16
Amex Open SPG Business
AMEX SPG (non-business)
BofA - Virgin Atlantic MC
BofA - Amtrak World MC
Barclaycard Aviator Red/Silver MC
Chase Ink Plus Visa
Chase Hyatt Visa (x2)
Chase BA Visa
Chase United MileagePlus Explorer
Chase United MileagePlus Club
Chase Sapphire Preferred
Citi Prestige MC
Citi Premier MC
Citi AT&T Access More MC (3x for rent category)
Citi AA Platinum MC
FIA Fidelity Mastercard
Successful Payees:
BMW Financial: Processed 10/13, Sent 10/14, Arrived-Posted 10/19
Caliber Home Loans: Processed 12/09, Sent 12/11, Arrived-Posted 12/18
Cedent mortgage
Chase Mortgage (sends check)
Citi Mortgage: Processed 10/7, Sent 10/8, Arrived-Posted 10/15
Citizen's Auto Finance - Around 1 week.
CRA Personal Tax
George Mason University: Over a week and a half.
Infiniti Financial: Processed 10/13, Sent 10/14, Arrived-Posted 10/21
Lexus Financial. Processed 3/9/16, Posted 3/14/19
Morgan Stanley Home Loans: Processed 01/14, Sent 01/15, Arrived-Posted 01/21
National Grid Electric MA: 1 week turnaround
National Grid Gas MA: 3 week turnaround, sends physical check
"NJ City" Tax: Processed 01/21, Sent 01/22, Arrived-Posted 02/01
Penfed Mortgage: 1 week turnaround
TD Bank Mortgage (EFT)
Wells Fargo Mortgage: Processed 10/8, Sent 10/9, Arrived-Posted 10/16
Wells Fargo Mortgage: Processed 8/6, Sent 8/9, Posted 8/16
Plastiq for rent, tuition, utilities, etc.
Oct 18, 2016, 6:40 pm
#556
Join Date: Sep 2012
Posts: 4,431
Apparently, Plastiq will now lead to a cash advance fee if you pay using Visa credit card if the recipients have no relationship with Plastiq. Technically this means that billers that we've already been paying should be safe, but I don't know if I want to take that chance.
Oct 19, 2016, 6:41 pm
#557
Join Date: Sep 2011
Location: NYC
Programs: Delta Gold, SPG Gold, HHonors Gold, UA Gold (status match)
Posts: 777
Apparently, Plastiq will now lead to a cash advance fee if you pay using Visa credit card if the recipients have no relationship with Plastiq. Technically this means that billers that we've already been paying should be safe, but I don't know if I want to take that chance.
Oct 19, 2016, 9:51 pm
#558
FlyerTalk Evangelist
Join Date: Sep 1999
Location: New York, NY, USA
Posts: 12,482
Oct 21, 2016, 12:39 pm
#559
Join Date: Aug 2014
Posts: 3,723
Apparently, Plastiq will now lead to a cash advance fee if you pay using Visa credit card if the recipients have no relationship with Plastiq. Technically this means that billers that we've already been paying should be safe, but I don't know if I want to take that chance.
Oct 21, 2016, 12:55 pm
#560
Join Date: Feb 2014
Location: LAX
Programs: United Silver, Marriott Lifetime Titanium, Hilton Diamond, IHG Diamond
Posts: 988
You can just reduce your cash advance limit to zero and your card and try it anyway. Worst case it gets rejected, but at least you won't have the CA fee to deal with.
Oct 24, 2016, 12:17 pm
#561
Join Date: Nov 2012
Programs: Hyatt Diamond, Hilton Diamond, SPG Gold, Will never by anything with airlines
Posts: 287
does anyone know if you pay with a Mastercard Gift Card whether you are able to take advantage of the 2% vs. the 2.5% usually charged for GCs?
Oct 25, 2016, 9:45 pm
#563
Join Date: Feb 2013
Posts: 170
Even if you make cash advance zero, and if the bank codes Plastiq as "Cash equivalent" then each of two Plastiq transactions will have a flat 5% fee for the first larger of the two amounts and a flat $10 bank fee for second transaction.
So for $1000 sent through Plastiq if turns out to be "Cash equivalent" then a person would be paying $22.5 to Plastiq and $60 to the bank- A total of $82.5 fee
Oct 26, 2016, 8:56 am
#564
Join Date: Dec 2015
Posts: 15
I'm trying to pay rent via Plastiq using my VGCs bought in Simon mall but keep getting an error that the card payment is not going through. Is it not possible to make payments in Plastiq with VGCs?
Oct 26, 2016, 10:39 am
#566
Join Date: Sep 2012
Posts: 4,431
I just did it about a week ago. I have a couple lying around, I'll see if anything has changed.
Oct 26, 2016, 12:30 pm
#567
Join Date: Mar 2015
Posts: 484
Got the 2x points on my mortgage payment through Plastiq for the AMEX shop small promotion, since AMEX is categorizing them as Small Business.
Oct 26, 2016, 6:05 pm
#568
Join Date: Jul 2014
Location: JRF
Programs: AA Gold, Marriott Platinum, Hilton Diamond, National Executive Elite
Posts: 1,784
For the MasterCard/Amex 1.75/2.25% promo, any idea if you can change the payment dates after Oct 31 (i.e. to earlier in the month)? Would that screw up the promo rate?
Oct 26, 2016, 6:22 pm
#569
Join Date: Oct 2016
Posts: 1
Anyone know if Plastiq would work for USAA Career Starter Loan payments?
Oct 26, 2016, 10:27 pm
#570
Join Date: Jan 2014
Location: TYS/BNA/ATL
Programs: UR, TYP, MR, C1, AA, UA, WN, BA, AS, AV, AC, Choice, Hyatt, IHG, Hilton, Wyndham, Marriott
Posts: 1,973
I use Plastiq for lots of bills, but have never used for mortgage. With a monthly payment at about 5k, I thought the fees were too much ($100-125 a month, since 2% with mastercard, 2.5% with amex and visa). However, two new issues:
1. Current promotion- lower fees if 6 months of payments are booked; 1.75% for mastercard and 2.25% for amex (no discount for visa)
2. Amex business platinum now gets 1.5 points per dollar if transaction is at least $5,000.
When you factor these two issues in the cost of acquisition becomes different. Assuming you spend at least 5k the "cost" in fees to acquire points is 1.48 cents for MR, 1.72 cents for TYP, and 2.44 cents for UR. If you value MR at 1.9, TYP at 1.6, and UR at 2.1 (who knows, it's what TPG estimated this month) then this approach allows you to collect MR points at a discount. Only if you use the Business Platinum card, and only if your payment is at least 5k.
1. Current promotion- lower fees if 6 months of payments are booked; 1.75% for mastercard and 2.25% for amex (no discount for visa)
2. Amex business platinum now gets 1.5 points per dollar if transaction is at least $5,000.
When you factor these two issues in the cost of acquisition becomes different. Assuming you spend at least 5k the "cost" in fees to acquire points is 1.48 cents for MR, 1.72 cents for TYP, and 2.44 cents for UR. If you value MR at 1.9, TYP at 1.6, and UR at 2.1 (who knows, it's what TPG estimated this month) then this approach allows you to collect MR points at a discount. Only if you use the Business Platinum card, and only if your payment is at least 5k.
I'm using Citi AT&T Access More and getting 3 ppd with it.