Jan 31, 2017, 10:50 pm
Last edit by: ed765
This is the thread for 2017. The previous discussion can be found here.
Successful Credit Cards Used (Posted as Purchase)
Amex Blue Business Plus
Amex Open SPG Business
AMEX SPG (non-business)
AMEX Delta business
AMEX business platinum and business gold (Canadian)
BofA - Virgin Atlantic MC
BofA - Amtrak World MC
Barclaycard Aviator Red/Silver MC
Barclaycard Arrival World MC
Chase Ink Cash Visa
Chase Ink Plus Visa
Chase Hyatt Visa (x2)
Chase BA Visa
Chase United MileagePlus Explorer
Chase United MileagePlus Club
Chase Sapphire Preferred (should give 2x, similar to CSR -- probably expired as of 6/5/17)
Chase Sapphire Reserve (3x, coded as travel -- this appears to have expired as of 6/5/17)
Citi Prestige MC
Citi Premier MC
Citi AT&T Access More MC (3x for rent category, misc. government services)
Citi AA Platinum MC
FIA Fidelity Mastercard
US Bank Altitude Reserve Visa
Successful Payees:
AAA (Socal, Santa Ana) insurance: Electronic payment: Processed 5/21 (Sunday), Complete 5/23, Arrived-Posted 5/26
ACS: took about 2 weeks to post
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): 2 week turnaround
Citi Mortgage: Electronic - less than 1 week turnaround as of May 2017
Citizen's Auto Finance - Around 1 week.
CRA Personal Tax & GST/HST remittances
Firstmark Services (student loan, electronically remitted)
Fidelity Bank (Mortgage) https://www.fidelitybank.com/ks/Home.aspx
Flagstar Bank (Mortgage), electronic payment, posts in 2-3 days.
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
NA Shade & Associates LLC
National Grid Electric MA: 1 week turnaround
National Grid Gas MA: 3 week turnaround, sends physical check
Nationstar Mortgage, electionic payment, post in 2-3 days.
New York Community Bank (NYCB) Mortgage: check mailed by Plastiq 4/27, posted 5/1.
"NJ City" Tax: Processed 01/21, Sent 01/22, Arrived-Posted 02/01
Penfed Mortgage: 1 week turnaround
PennyMac Mortgage: 1-1.5wk turnaround
TCF Mortgage: 1.5 week turnaround
TD Bank Mortgage (EFT)
Wawanesa USA Insurance
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
Restrictions
New VISA payments are not being accepted for mortgages.
Successful Credit Cards Used (Posted as Purchase)
Amex Blue Business Plus
Amex Open SPG Business
AMEX SPG (non-business)
AMEX Delta business
AMEX business platinum and business gold (Canadian)
BofA - Virgin Atlantic MC
BofA - Amtrak World MC
Barclaycard Aviator Red/Silver MC
Barclaycard Arrival World MC
Chase Ink Cash Visa
Chase Ink Plus Visa
Chase Hyatt Visa (x2)
Chase BA Visa
Chase United MileagePlus Explorer
Chase United MileagePlus Club
Chase Sapphire Preferred (should give 2x, similar to CSR -- probably expired as of 6/5/17)
Chase Sapphire Reserve (3x, coded as travel -- this appears to have expired as of 6/5/17)
Citi Prestige MC
Citi Premier MC
Citi AT&T Access More MC (3x for rent category, misc. government services)
Citi AA Platinum MC
FIA Fidelity Mastercard
US Bank Altitude Reserve Visa
Successful Payees:
AAA (Socal, Santa Ana) insurance: Electronic payment: Processed 5/21 (Sunday), Complete 5/23, Arrived-Posted 5/26
ACS: took about 2 weeks to post
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): 2 week turnaround
Citi Mortgage: Electronic - less than 1 week turnaround as of May 2017
Citizen's Auto Finance - Around 1 week.
CRA Personal Tax & GST/HST remittances
Firstmark Services (student loan, electronically remitted)
Fidelity Bank (Mortgage) https://www.fidelitybank.com/ks/Home.aspx
Flagstar Bank (Mortgage), electronic payment, posts in 2-3 days.
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
NA Shade & Associates LLC
National Grid Electric MA: 1 week turnaround
National Grid Gas MA: 3 week turnaround, sends physical check
Nationstar Mortgage, electionic payment, post in 2-3 days.
New York Community Bank (NYCB) Mortgage: check mailed by Plastiq 4/27, posted 5/1.
"NJ City" Tax: Processed 01/21, Sent 01/22, Arrived-Posted 02/01
Penfed Mortgage: 1 week turnaround
PennyMac Mortgage: 1-1.5wk turnaround
TCF Mortgage: 1.5 week turnaround
TD Bank Mortgage (EFT)
Wawanesa USA Insurance
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
Restrictions
New VISA payments are not being accepted for mortgages.
Plastiq for rent, tuition, utilities, etc.(2017)
Aug 8, 2017, 6:02 pm
#541
Join Date: Jan 2015
Location: KCGX
Posts: 144
Would it be possible to use Plastiq to fund downpayment on a house?
If so how would this be achieved? I don't have a six figure limit and I doubt Amex plat would authorize it so even if I could pre-approve it w Amex, maybe prepay the amount?
Would the check be written to the order of an attorney or some escrow ?
Just curious if anyone has done this or pondered it.
Thanks
If so how would this be achieved? I don't have a six figure limit and I doubt Amex plat would authorize it so even if I could pre-approve it w Amex, maybe prepay the amount?
Would the check be written to the order of an attorney or some escrow ?
Just curious if anyone has done this or pondered it.
Thanks
Aug 9, 2017, 5:11 am
#542
Join Date: Nov 2014
Location: USA
Posts: 1,084
Assuming the rest is being done on a mortgage, I presume the lending institution would have an issue with the funds coming a) from an account not included in your application as assets and b) technically being borrowed on credit. Not to mention states that require certain amounts to be in the form of certified funds.
Aug 9, 2017, 8:18 am
#543
Join Date: Jan 2013
Programs: Hyatt Glb, MR Plat
Posts: 2,577
There is no 2.3x on the Amex Blue Biz Plus! It's only 2.0x. See post 3 of this thread:
The 2.3x is only on the first year of the (now discontinued for new applications) Amex Blue for Biz:
I realize that Blue for Biz and Blue Biz Plus sound similar, but they are different cards, with different earning structures (even if at first glance there seem to be some similarities).
If you have the Blue for Biz and are still in your first year of having that card, enjoy the 2.3x while that first year is still in progress, because as soon your first year of having that card ends, it drops to 1.3x (ie, the 30% annual bonus remains but the 2x goes away after the first year). So you might as well replace it with Blue Biz Plus once your 30% bonus posts after the first year, since 2.0x sounds better than 1.3x to me, even if neither is as good as 2.3x.
The 2.3x is only on the first year of the (now discontinued for new applications) Amex Blue for Biz:
I realize that Blue for Biz and Blue Biz Plus sound similar, but they are different cards, with different earning structures (even if at first glance there seem to be some similarities).
If you have the Blue for Biz and are still in your first year of having that card, enjoy the 2.3x while that first year is still in progress, because as soon your first year of having that card ends, it drops to 1.3x (ie, the 30% annual bonus remains but the 2x goes away after the first year). So you might as well replace it with Blue Biz Plus once your 30% bonus posts after the first year, since 2.0x sounds better than 1.3x to me, even if neither is as good as 2.3x.
Aug 9, 2017, 1:20 pm
#544
FlyerTalk Evangelist
Join Date: Jan 2005
Location: home = LAX
Posts: 25,934
Btw, your initial post didn't make clear how / if it applied to Plastiq (you simply asked if anyone was MSing a particular card, not if anyone was using it for Plastiq), so it got removed because it seemed to be in the wrong thread. However, it got replied to before getting removed so it's preserved that way (in the reply quote).
Aug 9, 2017, 1:35 pm
#545
Join Date: Jan 2013
Programs: Hyatt Glb, MR Plat
Posts: 2,577
Yes, I know that, but on your second post you were replying to someone who said they were going to use the new AMex Blue Biz Plus, and yet you mentioned 2.3x to them.
Btw, your initial post didn't make clear how / if it applied to Plastiq (you simply asked if anyone was MSing a particular card, not if anyone was using it for Plastiq), so it got removed because it seemed to be in the wrong thread. However, it got replied to before getting removed so it's preserved that way (in the reply quote).
Btw, your initial post didn't make clear how / if it applied to Plastiq (you simply asked if anyone was MSing a particular card, not if anyone was using it for Plastiq), so it got removed because it seemed to be in the wrong thread. However, it got replied to before getting removed so it's preserved that way (in the reply quote).
Mods, that's pretty anal if a post in here can't be assumed as Plastiq MS. 2.5% earning at 2.3x = 1.09 cpp.
Aug 9, 2017, 8:30 pm
#546
Join Date: May 2017
Posts: 8
Any alternatives to paying a mortgage with a credit card? Trying to meet minimum spend on my Ink Cash card.
Aug 9, 2017, 11:03 pm
#547
Join Date: Dec 2004
Location: SFO
Programs: BART Platinum, AA Plat Pro
Posts: 1,158
Aug 10, 2017, 1:07 pm
#548
FlyerTalk Evangelist
Join Date: Jan 2005
Location: home = LAX
Posts: 25,934
Keep in mind that unlike most threads in this MS forum, this Plastiq thread is far from being all about MS. It's just here because enough of the discussion it is is about MS, but it's far from a dedicated-to-MS thread. So that's why a post solely about MS rates for this or that didn't seem like it had anything to do with Plastiq to many people.
You seem to think that everyone has done this math and thus recognizes it. Far from it.
I've only used Plastiq when doing signup bonuses, where I'm getting the equivalent of 4x, 10x, 20x, 30x,.whatever 60000 miles for $3000 spend or 35000 SPG points for $8000 spend or 30000 miles for $1000 spend, etc, happens to be. In those cases, the 2.5% Plastiq fee is clearly worth it, no detailed math required. I spend most of my year doing minimum spend on signup bonuses, and I don't have time to waste the rest of it worrying about doing a little of bit of traditional MS on the remaining few purchases. So why should I (or anyone else in a similar situation) have done your math just to see if it had anything to with Plastiq or not?
Aug 10, 2017, 1:19 pm
#549
Join Date: Jan 2013
Programs: Hyatt Glb, MR Plat
Posts: 2,577
People post in wrong threads all the time, and your initial post didn't have a single thing that indicated it was about Plastiq. Apparently you though everyone in this thread knew your math (you mentioned 1.09 cpp but didn't tie it into 2.5% in your initial post) knew what you meant. Not the case at all. It just seemed like random numbers to many people.
Keep in mind that unlike most threads in this MS forum, this Plastiq thread is far from being all about MS. It's just here because enough of the discussion it is is about MS, but it's far from a dedicated-to-MS thread. So that's why a post solely about MS rates for this or that didn't seem like it had anything to do with Plastiq to many people.
You seem to think that everyone has done this math and thus recognizes it. Far from it.
I've only used Plastiq when doing signup bonuses, where I'm getting the equivalent of 4x, 10x, 20x, 30x,.whatever 60000 miles for $3000 spend or 35000 SPG points for $8000 spend or 30000 miles for $1000 spend, etc, happens to be. In those cases, the 2.5% Plastiq fee is clearly worth it, no detailed math required. I spend most of my year doing minimum spend on signup bonuses, and I don't have time to waste the rest of it worrying about doing a little of bit of traditional MS on the remaining few purchases. So why should I (or anyone else in a similar situation) have done your math just to see if it had anything to with Plastiq or not?
Keep in mind that unlike most threads in this MS forum, this Plastiq thread is far from being all about MS. It's just here because enough of the discussion it is is about MS, but it's far from a dedicated-to-MS thread. So that's why a post solely about MS rates for this or that didn't seem like it had anything to do with Plastiq to many people.
You seem to think that everyone has done this math and thus recognizes it. Far from it.
I've only used Plastiq when doing signup bonuses, where I'm getting the equivalent of 4x, 10x, 20x, 30x,.whatever 60000 miles for $3000 spend or 35000 SPG points for $8000 spend or 30000 miles for $1000 spend, etc, happens to be. In those cases, the 2.5% Plastiq fee is clearly worth it, no detailed math required. I spend most of my year doing minimum spend on signup bonuses, and I don't have time to waste the rest of it worrying about doing a little of bit of traditional MS on the remaining few purchases. So why should I (or anyone else in a similar situation) have done your math just to see if it had anything to with Plastiq or not?
Aug 10, 2017, 2:57 pm
#550
Join Date: Jul 2004
Programs: CO, UA, AA, WN, DL Gold
Posts: 2,981
Amex Biz Plat
Anyone know if mortgage payments made to Plastiq count as a purchase for Amex Business Platinum?
Aug 12, 2017, 9:01 am
#552
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Diamond, Marriott Titanium, Hertz President's Circle, UA Silver, Mobile Passport Unobtanium
Posts: 6,194
For those that have used Plastiq, what is a reasonable amount of time in which to expect that a bill will be paid? How long - in general - is the time from when the payment is submitted to Plastiq until an account at your financial institution is credited with said payment, if payment is sent "electronically"?
Reading through the thread, it appears that the data is all over the place. Some payments in days, some in weeks. Has this smoothed out a bit over time or is it still hit or miss on lead times?
Reading through the thread, it appears that the data is all over the place. Some payments in days, some in weeks. Has this smoothed out a bit over time or is it still hit or miss on lead times?
Aug 12, 2017, 9:40 am
#553
Join Date: May 2002
Location: St Louis, MO
Programs: AA L.T. PLT
Posts: 3,297
For those that have used Plastiq, what is a reasonable amount of time in which to expect that a bill will be paid? How long - in general - is the time from when the payment is submitted to Plastiq until an account at your financial institution is credited with said payment, if payment is sent "electronically"?
Reading through the thread, it appears that the data is all over the place. Some payments in days, some in weeks. Has this smoothed out a bit over time or is it still hit or miss on lead times?
Reading through the thread, it appears that the data is all over the place. Some payments in days, some in weeks. Has this smoothed out a bit over time or is it still hit or miss on lead times?
Aug 12, 2017, 12:39 pm
#554
Join Date: Jan 2013
Programs: Hyatt Glb, MR Plat
Posts: 2,577
For those that have used Plastiq, what is a reasonable amount of time in which to expect that a bill will be paid? How long - in general - is the time from when the payment is submitted to Plastiq until an account at your financial institution is credited with said payment, if payment is sent "electronically"?
Reading through the thread, it appears that the data is all over the place. Some payments in days, some in weeks. Has this smoothed out a bit over time or is it still hit or miss on lead times?
Reading through the thread, it appears that the data is all over the place. Some payments in days, some in weeks. Has this smoothed out a bit over time or is it still hit or miss on lead times?
Aug 13, 2017, 7:31 am
#555
Join Date: Jan 2010
Location: Florida
Programs: Hyatt Globalist, Bonvoy platinum
Posts: 89
This past month has been a nightmare with them. Been trying to make rent payments to a new complex for my son's college. first time they never got check. Had to stop payment and reissue. now 2 weeks later and 5 days past guaranteed date 2nd payment is missing! funny thing is, I used them last year a few times for the rental community next door and never had a problem. Difficult to believe that this rental complex is losing these checks(same company). Also, only chat at Plastiq, never can get a person....