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

Plastiq for rent, tuition, utilities, etc.(2018 onwards)

Plastiq for rent, tuition, utilities, etc.(2018 onwards)

    Hide Wikipost
Old Apr 4, 19, 11:13 pm   -   Wikipost
Please read: This is a community-maintained wiki post containing the most important information from this thread. You may edit the Wiki once you have been on FT for 90 days and have made 90 posts.
 
Last edit by: RedSun
Wiki Link
This is the thread for 2018. The previous discussion can be found here.

Updated Nov-2018: A lot of the personal Visa CCs are out at Plastiq. They will be treated as cash advance and won't receive any rewards. Only Capital One personal Visa CCs are not affected. Business Visa CCs are still good. The best CCs are Mastercard and Discover. AmEx CCs can still be used, but not on many of the payment types. Chase personal Visa cards are limited to the cash advance limit (typically 20% of CL). The details are listed as below:
https://help.plastiq.com/hc/en-us/ar...l-Card-Changes

Plastiq Fees:
The standard Plastiq fee is 2.5%. It makes most of the reward programs not profitable. Use Plastiq to meet welcome bonus spending requirement or to meet certain spend requirements to reach elite status or for large spend bonus. Also take advantage of Plastiq referrals and promotions.

Plastiq Referrals:
Standard Referral: When you refer your friend to Plastiq, after your friend charges $500 or more, your friend will get $500 FFDs (fee free dollar) and you'll receive $1,000 FFDs to spend.

Successful Credit Cards Used (Posted as Purchase, Visa info outdated)
Amex Blue Business Plus
Amex Open SPG Business
AMEX SPG (non-business)
AMEX Delta business
AMEX business platinum and business gold (Canadian)
BofA - Amtrak World MC
BofA - Business Advantage Travel Rewards MC
BofA - Virgin Atlantic MC
Barclaycard Aviator Red/Silver MC
Barclaycard Arrival World MC
Chase Ink Cash Visa
Chase Ink Plus Visa
Chase Ink Preferred 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)
Toyota Financial
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.
Print Wikipost

Reply

Old Aug 4, 18, 8:54 pm
  #241  
Suspended
 
Join Date: Mar 2013
Posts: 469
Originally Posted by eccentricfusion View Post
On the Reddit AMA that their CEO recently did on /r/churning:
I wonder why they changed the limit if they allow multiple payments.
ChuckMango is offline  
Reply With Quote
Old Aug 5, 18, 7:45 am
  #242  
 
Join Date: Mar 2005
Location: ATL
Programs: AA, AGR, DL, MR, WoH, UA
Posts: 947
Originally Posted by ChuckMango View Post
I wonder why they changed the limit if they allow multiple payments.
To save money?

Most people aren't like us and will pack in multiple transactions per day, every day for three straight months.
sechs is offline  
Reply With Quote
Old Aug 5, 18, 9:07 pm
  #243  
FlyerTalk Evangelist
 
Join Date: Jan 2005
Location: home = LAX
Posts: 23,653
Originally Posted by ChuckMango View Post
I wonder why they changed the limit if they allow multiple payments.
Because the limit is in the advertising, but the ability to do multiple payments isn't. Just because it's common knowledge for people reading thread on FT doesn't mean it's common knowledge for everyone using Plastiq.

So if you use it a lot yourself, quietly, it may continue to work, but if too many blogs out there mention it, it may get shut down. (There are so many things out there that got shut down in recent years apparently because too many blogs mentioned it.)
sdsearch is offline  
Reply With Quote
Old Aug 5, 18, 11:25 pm
  #244  
 
Join Date: Jan 2013
Programs: AA EP, SPG Plat
Posts: 2,144
Originally Posted by frudd38 View Post
Anyone having issues adding a new card in Citi Pay lately? Been trying it for a week and it keeps returning an error.
Still having issues jesus.. anyone know about a solution?
frudd38 is offline  
Reply With Quote
Old Aug 7, 18, 7:52 am
  #245  
 
Join Date: Mar 2003
Location: EWR Ionosphere Club, LAX Clipper Club, Still Traveling Global, yearly BIS miles
Programs: EAL Silver Wings, I-Club, Flying Colonels DL, WorldPass PLat from the olde Meatball and PE SMARTbank
Posts: 1,658
Ok so how do I make my mortgage payment with master pass if the payment is over $250? Do I schedule a bunch of $250 payments to equal the amount of the mortgage to arrive the same day at the bank? My bank is Navy FCU. Thank you!
frank_10b is offline  
Reply With Quote
Old Aug 7, 18, 11:11 am
  #246  
 
Join Date: Sep 2010
Location: Orange County, CA
Programs: SPG Gold, AMEX Plat, Hyatt Explorist, JetBlue Mosaic, Wyndham Diamond, National Executive
Posts: 162
Originally Posted by frank_10b View Post
Ok so how do I make my mortgage payment with master pass if the payment is over $250? Do I schedule a bunch of $250 payments to equal the amount of the mortgage to arrive the same day at the bank? My bank is Navy FCU. Thank you!
That's exactly how it is done. However, depending on your bank's policies, you may need to contact them to ensure they treat them as partial payments and not principal pay-down.
OC_Matt is offline  
Reply With Quote
Old Aug 7, 18, 11:20 am
  #247  
 
Join Date: Jul 2015
Location: Chicago Area
Programs: united, american
Posts: 5
Data Point on CIP Plastiq x3 for a roof contractor?

$10,000 credit limit. Was going to send a $2000 'test' check via Chase Ink Preferred. Do you think it will get x3? It IS for a rental property, but dont think they would know that. Plastiq answer: Paul: it appears you are referring to the Merchant Category Code or MCC. The MCC is set by our processor, not by Plastiq directly, and can change and vary based on the payment being made and the card type being used. Our processor also makes adjustments from time to time.

??????
dbfact is offline  
Reply With Quote
Old Aug 7, 18, 4:27 pm
  #248  
 
Join Date: Jul 2010
Posts: 106
Originally Posted by dbfact View Post
$10,000 credit limit. Was going to send a $2000 'test' check via Chase Ink Preferred. Do you think it will get x3? It IS for a rental property, but dont think they would know that. Plastiq answer: Paul: it appears you are referring to the Merchant Category Code or MCC. The MCC is set by our processor, not by Plastiq directly, and can change and vary based on the payment being made and the card type being used. Our processor also makes adjustments from time to time.

??????
Based on a few < 1 mth age posts, it seems that it should work, but sounds like you should be your own data point.

I did a payment today to take advantage of the masterpass promo with a MC not listed in wiki to see if it posts as a purchase myself.

Edit: BofA Business Advantage Travel Rewards MC posted as purchase; added to Wiki.

Last edited by vacaloca; Aug 9, 18 at 4:10 am
vacaloca is offline  
Reply With Quote
Old Aug 7, 18, 7:16 pm
  #249  
 
Join Date: Apr 2018
Posts: 151
I am guessing that Plastiq will send a check to the supplier/vendor/payee. Would/could Plastiq mail the check to me but address the payment to supplier/vendor/payee? I want to be able to hand the check to said individual personally.
robchow is offline  
Reply With Quote
Old Aug 7, 18, 8:45 pm
  #250  
 
Join Date: Jul 2010
Posts: 106
Originally Posted by robchow View Post
I am guessing that Plastiq will send a check to the supplier/vendor/payee. Would/could Plastiq mail the check to me but address the payment to supplier/vendor/payee? I want to be able to hand the check to said individual personally.
Based on at least one comment on the latest reddit AMA w/ Plastiq's CEO (google it), it would seem like that is what some are doing. Their chat support is fairly attentive/responsive, can't hurt to ask.
vacaloca is offline  
Reply With Quote
Old Aug 7, 18, 8:47 pm
  #251  
 
Join Date: Jul 2010
Posts: 105
Can you change the MasterCard with another MasterCard (both enrolled in Masterpass) without actually editing the payment?
ShakuniMama is offline  
Reply With Quote
Old Aug 7, 18, 10:10 pm
  #252  
 
Join Date: Apr 2009
Posts: 69
Originally Posted by frank_10b View Post
Ok so how do I make my mortgage payment with master pass if the payment is over $250? Do I schedule a bunch of $250 payments to equal the amount of the mortgage to arrive the same day at the bank? My bank is Navy FCU. Thank you!
I have NFCU, as well. If the checks are received the same day, they should credit it as a single payment. I put a note on the memo line to combine multiple checks into a single payment. If one is missing or delayed, they usually put the rest in a suspense account, waiting for final amount to make payment. I monitored my first payment around delivery day and 5/6 checks were received. After the 6th posted as a principal only payment, I called to get it sorted out. Second payment worked as it should. Just pay attention to your loan activity and call as soon as you can if it doesn't post right.
makelab is offline  
Reply With Quote
Old Aug 8, 18, 10:05 am
  #253  
 
Join Date: Jul 2014
Posts: 322
I am not sure I understand, but if you edit the payment and change the masterpass mastercard, the CURRENT promo will be applied. I have been hitting CL and updating mastercards on several payments without issue.
chaser123 is offline  
Reply With Quote
Old Aug 8, 18, 11:48 am
  #254  
FlyerTalk Evangelist
 
Join Date: Jan 2005
Location: home = LAX
Posts: 23,653
Originally Posted by frank_10b View Post
Ok so how do I make my mortgage payment with master pass if the payment is over $250? Do I schedule a bunch of $250 payments to equal the amount of the mortgage to arrive the same day at the bank? My bank is Navy FCU. Thank you!
Or you may want to do a $250 payment, a $249 payment, a $248 payment, etc, so that if only some of the payments show as credited at a given time you can know which ones they were. If they're all identical, you may have problems in such a case.

Plus don't trust Plastiq's estimates of when they'll arrive. Make sure you give some extra buffer.
sdsearch is offline  
Reply With Quote
Old Aug 8, 18, 3:09 pm
  #255  
 
Join Date: Nov 2013
Posts: 400
Originally Posted by dbfact View Post
$10,000 credit limit. Was going to send a $2000 'test' check via Chase Ink Preferred. Do you think it will get x3? It IS for a rental property, but dont think they would know that. Plastiq answer: Paul: it appears you are referring to the Merchant Category Code or MCC. The MCC is set by our processor, not by Plastiq directly, and can change and vary based on the payment being made and the card type being used. Our processor also makes adjustments from time to time.

??????
Any update or progress on this?

Looking to use the CIP to pay Chase Auto for my car payment. Will this trigger the 3x?

Thanks
ponickka is offline  
Reply With Quote

Thread Tools
Search this Thread