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 13, 2017, 8:23 am
#556
Join Date: Mar 2014
Location: ATL
Programs: DL DM, Hyatt LT DM, Wyndham DM, Hertz PC, HH Gold, SPG Gold, Marriott Gold
Posts: 2,038
First payment to a legit business(IE Mortgage, Car Payment and the like) can take up to 30 days. Just assume it will. After that, for the most part, I see 7-10 days.
For other items, which could be legit, it can't take a LONG time. Up to 30 days or more. For instance I need to send checks to contractors. You submit. 3-5 days later you get an email stating need an invoice. Submit it. 3-5 days later it could be sent. OR sometimes after 5 days I use their live chat and ask what the hell is going on and it's instantly sent out(IE Same Day).
For other items, which could be legit, it can't take a LONG time. Up to 30 days or more. For instance I need to send checks to contractors. You submit. 3-5 days later you get an email stating need an invoice. Submit it. 3-5 days later it could be sent. OR sometimes after 5 days I use their live chat and ask what the hell is going on and it's instantly sent out(IE Same Day).
Aug 13, 2017, 12:43 pm
#557
Join Date: Aug 2009
Posts: 166
Spend $7,500, get 15,000 Membership Rewards® Points
I was thinking about using Plastiq to pay for college tuition of $7500. I had been targeted for this Amex offer on my Platinum card. Will it work and is it worth the Plastiq fee?
Aug 13, 2017, 2:48 pm
#558
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Diamond, Marriott Titanium, Hertz President's Circle, UA Silver, Mobile Passport Unobtanium
Posts: 6,192
Self edit.
Aug 14, 2017, 8:06 am
#561
FlyerTalk Evangelist
Join Date: Jan 2005
Location: home = LAX
Posts: 25,933
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?
If the business is found in their database, and thus they can send electronic payments, it tends to be much faster, though it can still take the good part of a week total partly because the receiving party may take a day or two to credit your account.
If the business is not in their database, and they have to send a paper check in the regular mail, not only do you have to provide all the specifics, but you have to count on the fact that (1) you don't make a mistake, (2) you provided a post-office valid address, (3) they don't make a mistake, etc, etc. For example, one digit in an address transposed may mean the check they send gets lost at the post office. Also, they may take their own time-consuming steps to try to verify that the business address they're trying to send to is correct. Plus the regular mail takes much longer. Plus some business may take much longer to credit your account when a physical check is involved (especially if they don't know Plastiq from Adam). Etc, etc.
Thus IMHO if the payee is in their database, you're likely to be on the lower end of reported datapoints. If payee is not yet in theirdatabase, the full breadth of reported datapoints might apply.
So you can't evaluate datapoints without separating the two types of payment methods.
Aug 14, 2017, 8:27 am
#562
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Diamond, Marriott Titanium, Hertz President's Circle, UA Silver, Mobile Passport Unobtanium
Posts: 6,192
Thanks for your detailed response.
Aug 14, 2017, 3:19 pm
#563
FlyerTalk Evangelist
Join Date: Jan 2005
Location: home = LAX
Posts: 25,933
It might depend on how big an outfit it is you're sending it to as to how quickly they process it (ie, credit your account or whatever) after receiving it from Plastiq. With AAA Socal, which is a big enough auto insurance organization, that last step still took a couple days. I can image that at a small mom & pop company (if there are such small mom & pop companies to whom you can send "electronically" through Plastiq), it might be even more undependable how fast they process a Plastiq payment.
And so the thing that I'm concerned about with datapoints is that it's not always clear whether a given person is counting when Plastiq says the payment was received or counting when their account at the recipient was credited (but some datapoints don't make clear they're counting), but IMHO those two events shouldn't be mixed together. I tried to put both pieces of information in my one datapoint, and some other people do too, but far from everyone does.
In case you haven't looked, there's a summary of collected datapoints in the wikipost atop (any page of) this thread (only viewable on the desktop version of FT, not on the mobile version of FT).
Aug 18, 2017, 12:33 pm
#564
Join Date: Feb 2009
Posts: 3,737
Anyone know if Chase Ink Preferred is still earning 3x? Haven't made a payment since the first week of July.
Aug 18, 2017, 4:33 pm
#565
Join Date: Dec 2004
Location: SFO
Programs: BART Platinum, AA Plat Pro
Posts: 1,158
Aug 18, 2017, 7:58 pm
#566
Join Date: Sep 2005
Location: Columbia, SC
Programs: AA Plat, SPG/Marriot Gold, HHonors Diamond, Hyatt Expl
Posts: 2,363
Aug 19, 2017, 7:24 am
#567
Join Date: Jan 2010
Location: Florida
Programs: Hyatt Globalist, Bonvoy platinum
Posts: 89
DP- not only can the payment be slow or faster but also a no show. I have attempted to pay my sons leasing fees to an apartment complex 2 times in the past month. Both times the check never made it. Of course, Plastiq is soooo apologetic and offer to pay late fees. Big deal- the apartment complex probably thinks I'm full of it!! Had to buy a money order and sent it with my son for move in day yesterday. If you absolutely need a payment to be there, they are totally undependable!!! Will not use again except if I'm desperate to meet min spend on cc.
Aug 19, 2017, 9:20 pm
#568
Join Date: Dec 2013
Posts: 68
DP: HOA Fee payment last week posted with 3X for ink preferred
Aug 21, 2017, 7:31 pm
#570
Join Date: Jun 2004
Location: IAD
Programs: All of them to one degree or another
Posts: 447