Originally Posted by
brody24
My question is more to how one maximizes given the limited uses of Plastiq. For example, I have 3k rent, but I have no mortgage, no car payments, no student loans. So I'm not sure how to make good use of it aside from prepaying a month of rent (in which case I would need to float the 3k). Maybe PM if there is any insight you would prefer to discuss privately.
I mostly use it for hitting minimum spend requirements. With a mortgage payment and rent, I can basically reach minimum spend in a month for most cards, unless it is one of the cards with $10,000 minimum spend requirement, which would take two months. Yes, there would be a fee paid to Plastiq, but the sign up bonuses are worth it. I don't have to worry about running around and making purchases and tracking all that. I don't use it without a card lined up for minimum spend, since in most situations the fees negate the returns. Not the most efficient return, but one of those costs people don't account for is all the time and gas spent driving back and forth if they are doing MS. I definitely don't have time for all that, so Plastiq is a great way for me to meet minimum spend organically without ever leaving my home.