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.
Jun 18, 2016, 12:00 pm
#466
Join Date: Feb 2013
Posts: 170
Setting cash advance to zero does not help. Cash advance is typically 3%.
Some bank categorize Plastiq as cash equivalent which has a flat 5% fee. You get hit twice because Plastiq payments are two transactions. If you pay say $500 using Plastiq and if the bank considers as cash equivalent then
$500 will result in $25 fee from the bank
Plastiq fee $ 12.5 will result into additional $10 fee (Minimum fee)
So there is a possibility of paying $35 fee to the bank over and above $12.5 one pays to Plastiq.
Some bank categorize Plastiq as cash equivalent which has a flat 5% fee. You get hit twice because Plastiq payments are two transactions. If you pay say $500 using Plastiq and if the bank considers as cash equivalent then
$500 will result in $25 fee from the bank
Plastiq fee $ 12.5 will result into additional $10 fee (Minimum fee)
So there is a possibility of paying $35 fee to the bank over and above $12.5 one pays to Plastiq.
Jun 19, 2016, 7:33 am
#467
Join Date: Sep 2005
Location: Columbia, SC
Programs: AA Plat, SPG/Marriot Gold, HHonors Diamond, Hyatt Expl
Posts: 2,363
Setting cash advance to zero does not help. Cash advance is typically 3%.
Some bank categorize Plastiq as cash equivalent which has a flat 5% fee. You get hit twice because Plastiq payments are two transactions. If you pay say $500 using Plastiq and if the bank considers as cash equivalent then
$500 will result in $25 fee from the bank
Plastiq fee $ 12.5 will result into additional $10 fee (Minimum fee)
So there is a possibility of paying $35 fee to the bank over and above $12.5 one pays to Plastiq.
Some bank categorize Plastiq as cash equivalent which has a flat 5% fee. You get hit twice because Plastiq payments are two transactions. If you pay say $500 using Plastiq and if the bank considers as cash equivalent then
$500 will result in $25 fee from the bank
Plastiq fee $ 12.5 will result into additional $10 fee (Minimum fee)
So there is a possibility of paying $35 fee to the bank over and above $12.5 one pays to Plastiq.
Jun 19, 2016, 10:55 am
#468
Join Date: Oct 2002
Location: SF Eastbay
Programs: AA Plt-Lite 2MM,HH Gld, MR Plat
Posts: 613
Any data points using Plastiq to pay mortgage with Nationstar? Thanks
Jun 25, 2016, 11:14 pm
#469
Join Date: Dec 2007
Posts: 128
Limits?
Are there any limits to how hard one should consider going on Plastiq? Has anyone gotten shut down? They have asked me for verification multiple times, as I have been paying the mortgage on a multiple million dollar property using their service, and the rent on another property we are leasing. They just wanted a copy of the mortgage statement, which I easily supplied. It scared me a bit, as many services are not exactly setup to deal with amounts that are normal in expensive markets. Due to certain rewards structures at the moment, it might even be a pure arbitrage to prepay my mortgage a bit using Plastiq. Has anyone gone harder than $20k per month? Thanks for the insight!
Jul 2, 2016, 9:21 pm
#470
Join Date: Feb 2013
Posts: 170
Are there any limits to how hard one should consider going on Plastiq? Has anyone gotten shut down? They have asked me for verification multiple times, as I have been paying the mortgage on a multiple million dollar property using their service, and the rent on another property we are leasing. They just wanted a copy of the mortgage statement, which I easily supplied. It scared me a bit, as many services are not exactly setup to deal with amounts that are normal in expensive markets. Due to certain rewards structures at the moment, it might even be a pure arbitrage to prepay my mortgage a bit using Plastiq. Has anyone gone harder than $20k per month? Thanks for the insight!
Jul 4, 2016, 7:22 am
#471
Join Date: Sep 2011
Location: USA
Posts: 1,179
Any data points on using Amex HH Surpass and not being charged CA? Thanks
Jul 6, 2016, 12:07 pm
#474
Join Date: Jun 2016
Location: Prince Edward Island
Programs: Air Canada P25K, Hilton Honors Gold, Marriott Gold, MGM Gold
Posts: 1,587
Have any self-employed Canadians out there used plastiq to pay GST or income tax instalments? It seems like an easy way to meet the $5000 minimum spend on the Amex gold or platinum business cards.
Jul 12, 2016, 4:08 pm
#476
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,171
Anyone find it strange that you have to click through two screens just to get to the login page?
It's like they're geared to new users more than returning users.
It's like they're geared to new users more than returning users.
Jul 12, 2016, 4:25 pm
#477
Join Date: Nov 2014
Location: USA
Posts: 1,084
DP: utility Billpay via western union posted as purchase on chase United
Jul 12, 2016, 5:30 pm
#478
Join Date: Jan 2013
Programs: Hyatt Glb, MR Plat
Posts: 2,590
Has there even been any cash advance hits?
Jul 30, 2016, 6:07 pm
#480
Join Date: Jan 2011
Posts: 230
Anyone here have experience paying a mortgage in someone else's name? Does the payment show your own name on it?