Go Back  FlyerTalk Forums > Miles&Points > Credit, Debit and Prepaid Card Programs > Manufactured Spending
Reload this Page >

Plastiq for rent, tuition, utilities, etc.

Old Dec 2, 2015, 5:53 pm
FlyerTalk Forums Expert How-Tos and Guides
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
Print Wikipost

Plastiq for rent, tuition, utilities, etc.

Old Feb 11, 2016, 10:16 am
  #391  
 
Join Date: Sep 2012
Posts: 4,431
Originally Posted by Phantom707
Yes, it does. However, at the same time, Plastiq now charges 1% for debit cards (unless you have recurring payments grandfathered into the 0% fee). Even then, you actually would come out marginally ahead because the 1% fee is charged as a signature purchase, so even that earns 1%.

For example, if you had a $100 bill, you'd pay $101 with the PPBDC. Then you'd earn 1% off of $101, which would be $1.01. You literally earn 0.01% now. Only worth it if you have some very specific goals in mind.
Thanks, the math makes sense. I have a 5% card for drug stores so what this really does is save me a trip to RA or WM. And saves a buck too ($3.95 vs $4.95). That's good enough motivation for me.
DaveInLA is offline  
Old Feb 11, 2016, 10:59 am
  #392  
 
Join Date: Sep 2005
Location: Columbia, SC
Programs: AA Plat, SPG/Marriot Gold, HHonors Diamond, Hyatt Expl
Posts: 2,363
Anyone have any experiences using a Capital One card? The search didn't provide any results.
akcae is offline  
Old Feb 11, 2016, 4:01 pm
  #393  
 
Join Date: Jan 2011
Programs: UA S, Marriott P
Posts: 1,154
tried to pay chase, got refunded. Seeing the 1% fee now - dead...
dsauch is offline  
Old Feb 12, 2016, 9:00 am
  #394  
 
Join Date: Oct 2013
Posts: 12
Originally Posted by Phantom707
For example, if you had a $100 bill, you'd pay $101 with the PPBDC. Then you'd earn 1% off of $101, which would be $1.01. You literally earn 0.01% now. Only worth it if you have some very specific goals in mind.
If the backing funding source is PayPal Extras Mastercard, then I think the numbers are slightly better?

Also, paying 1% AS LONG as it get processed as a signature transaction is not bad for my other bank issued debit cards because that qualifies me for high rates on my savings.

The biggest issue is having multiple debit card loads for $1 but 15 times (to meet the bank's requirements)

I wish instead of writing a check, they could ACH the funds.
newgraduate2013 is offline  
Old Feb 13, 2016, 10:14 pm
  #395  
 
Join Date: Feb 2013
Posts: 170
Originally Posted by dsauch
tried to pay chase, got refunded. Seeing the 1% fee now - dead...
Chase has blocked Plastiq. I spent lot of time with Chase fraud dept supervisor to figure way to pay using Chase mastercard. Finally she found out that Plastiq being considered similar to Western Union money transfer is on merchant block list.

I could not use the only mastercard from Chase- IHG Chase.
Nishant1 is offline  
Old Feb 13, 2016, 11:14 pm
  #396  
 
Join Date: Sep 2015
Location: Los Angeles
Posts: 748
Originally Posted by Nishant1
Chase has blocked Plastiq. I spent lot of time with Chase fraud dept supervisor to figure way to pay using Chase mastercard. Finally she found out that Plastiq being considered similar to Western Union money transfer is on merchant block list.

I could not use the only mastercard from Chase- IHG Chase.
Wait are you saying that it is not possible to use my Chase IHG mastercard to pay my mortgage through Plastiq?! In the past I have successfully used Plastiq to meet spending requirements but the card was issued by Citi.
Java Cool Dude is offline  
Old Feb 14, 2016, 12:12 am
  #397  
 
Join Date: Jun 2013
Location: NYC
Programs: Marriott Plat, Hilton Gold, UA Silver
Posts: 2,279
Originally Posted by Nishant1
Chase has blocked Plastiq. I spent lot of time with Chase fraud dept supervisor to figure way to pay using Chase mastercard. Finally she found out that Plastiq being considered similar to Western Union money transfer is on merchant block list.

I could not use the only mastercard from Chase- IHG Chase.
Chase has blocked Plastiq for what? I just used a chase ink visa to make a payment via plastiq with no problem.
Red259 is offline  
Old Feb 14, 2016, 7:53 am
  #398  
 
Join Date: Apr 2014
Location: MSP
Programs: AF Plat, DL Gold
Posts: 366
Originally Posted by Nishant1
Chase has blocked Plastiq. I spent lot of time with Chase fraud dept supervisor to figure way to pay using Chase mastercard. Finally she found out that Plastiq being considered similar to Western Union money transfer is on merchant block list.

I could not use the only mastercard from Chase- IHG Chase.
I used Chase BA Visa to pay bills via Plastiq with no problem.
batmandds is offline  
Old Feb 15, 2016, 9:14 am
  #399  
 
Join Date: Feb 2015
Location: Sacramento
Programs: RR, QS, AS MP, SPG
Posts: 233
Anyone have luck paying taxes with a Credit Card to hit Minimum Spend? If so, what cards? We're looking to open a new one that will count it as an eligible purchase.
CASACW2 is offline  
Old Feb 15, 2016, 9:59 am
  #400  
 
Join Date: Sep 2012
Posts: 4,431
Originally Posted by CASACW2
Anyone have luck paying taxes with a Credit Card to hit Minimum Spend? If so, what cards? We're looking to open a new one that will count it as an eligible purchase.
I did it with Citi Premier last year.
DaveInLA is offline  
Old Feb 16, 2016, 9:31 pm
  #401  
htj
 
Join Date: Dec 2009
Posts: 29
Here's a data point for anyone paying penfed mortgage. I found it a little confusing b/c they have penfed in their system, but it required a 15 or 16 digit account number, while my mortgage # is only 7 digits.
I added them as a new payee, to be paid by check.

2/5/16 submitted payment on plastiq w/ my chase southwest card
2/9/16 received email that check was sent
2/16/16 payments showed up on penfed's website

there were a few weekends in there and president's day, so not too bad. Since it credited on 2/16, it paid the mortgage payment for march. next payment "due" 4/1.
htj is offline  
Old Feb 27, 2016, 8:03 am
  #402  
 
Join Date: Feb 2013
Posts: 170
I find Plastiq to be not economical for utility bill payment. For meeting my new credit card spending requirement, I find it beneficial to go to my each of the utility websites and pay bill using credit card by paying additional flat fee between $2 and $3.

If I overpay additional $500, the flat fee does not increase. For a total $550 payment including utility, the rate works out to be less than half a percent.
Nishant1 is offline  
Old Feb 27, 2016, 9:13 am
  #403  
 
Join Date: Sep 2015
Location: Los Angeles
Posts: 748
I used my Chase IHG card recently to successfully pay my mortgage through Plastiq. Minimum spending met, hello 80k points
Java Cool Dude is offline  
Old Feb 28, 2016, 7:47 pm
  #404  
 
Join Date: Nov 2006
Programs: AA MM PP, MR LT Plat, Globalist
Posts: 1,006
Looked through this thread before asking...

Does the payee name matter - or can anyone cash the check from Plastiq? FYI - will be using mobile app to cash the check.
eethan is offline  
Old Feb 28, 2016, 8:57 pm
  #405  
 
Join Date: Sep 2012
Posts: 4,431
Originally Posted by eethan
Looked through this thread before asking...

Does the payee name matter - or can anyone cash the check from Plastiq? FYI - will be using mobile app to cash the check.
You have to write the name of the payee. And I think Plastiq reviews large payments to make sure they go to real billers.
DaveInLA is offline  

Thread Tools
Search this Thread

Contact Us - Manage Preferences - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.