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

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

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Old Oct 9, 19, 7:19 am   -   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: ricohitman
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This is the thread for 2018. The previous discussion can be found here.

Updated Nov-2018: A lot of the personal Visa CCs can't be used at Plastiq. Some 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.

Sometimes, special bonuses are available, check here or your email for these (example: This month only, submit up to three payments ($10,000 or less each) and benefit from a 1.5% Plastiq fee)

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Successful Credit Cards Used (Posted as Purchase, Visa info outdated)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.
NewRez Mortgage, Sent 9/20 Arrived 9/30
"NJ City" Tax: Processed 01/21, Sent 01/22, Arrived-Posted 02/01
Penfed Mortgage: 1 week turnaround
PennyMac Mortgage: 1-1.5wk turnaround
SCE (So Cal Edison)
SoCal gas
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.

*Visa Gift Card by Blackhawk does not seem to be working
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Old Feb 2, 18, 12:05 pm
  #31  
 
Join Date: May 2008
Posts: 105
Originally Posted by manhattendeli View Post


How much is a large amount? Can I break it into multiple payments over a few weeks? I want to Put $2000 on Amex and $3500 on CIP. Plastiq asks for documentation? I can show them documentation of my loans, no problem. Does this apply to just Amex or both of these cards? Thank you!
anything in the 4 digit is my guess. My experience was they asked for info on the payment since it was treated a new business not on their platform and paying a large amount. Once I sent the doc, they would only allow MC or Discover for the payment. You could try to break it in smaller payments- no guarantee though. From what i saw they review every payment irrespective of if they are on the platform or not (more so when paying with Visa or Amex).
Due to notice from Amex /Visa to plastiq to not allow certain payments, they are much scrutinized.

Edit: I too sent a small payment first which went thru without issue. The next one was a big amount and it was reviewed.
NBG007 is offline  
Old Feb 2, 18, 12:14 pm
  #32  
 
Join Date: Jan 2018
Posts: 14
Interesting, thanks for the info. I guess I'll try 3 digit payments every week or so and start with CIP since that's the priority. $5000 over 3 months is about 400 a week. Wish me luck!
manhattendeli is offline  
Old Feb 3, 18, 9:41 am
  #33  
 
Join Date: Jan 2018
Posts: 14
Plastiq caught my manual entry for $100 for student loans on Amex and wants documentation. I guess that idea is dead already. Their TOS still say Visa is only unable to complete mortgage payments. Have their been DP's to suggest CIP won't go over well for $5k of student loans?
manhattendeli is offline  
Old Feb 3, 18, 8:56 pm
  #34  
 
Join Date: Nov 2011
Programs: AAdvantage
Posts: 7
Is rent the only category that has coded for 3X UR with CIP?
cotro100 is offline  
Old Feb 4, 18, 9:25 am
  #35  
 
Join Date: May 2008
Posts: 105
Originally Posted by cotro100 View Post
Is rent the only category that has coded for 3X UR with CIP?
Even insurance payments code as 3X. To me, it looks like anything plastiq codes as 3X with CIP. I have tried Loan, Rent, Insurance, Electric Bill and all worked.
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Old Feb 4, 18, 6:29 pm
  #36  
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Originally Posted by sbalasu3 View Post
anything in the 4 digit is my guess. My experience was they asked for info on the payment since it was treated a new business not on their platform and paying a large amount. Once I sent the doc, they would only allow MC or Discover for the payment. You could try to break it in smaller payments- no guarantee though. From what i saw they review every payment irrespective of if they are on the platform or not (more so when paying with Visa or Amex).
Due to notice from Amex /Visa to plastiq to not allow certain payments, they are much scrutinized.

Edit: I too sent a small payment first which went thru without issue. The next one was a big amount and it was reviewed.
Do we know which kinds of payments Amex does not want to allow (and which it still may allow)?
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Old Feb 4, 18, 9:37 pm
  #37  
 
Join Date: Dec 2017
Posts: 108
Originally Posted by sdsearch View Post
Do we know which kinds of payments Amex does not want to allow (and which it still may allow)?
According to Plastiq TOS:

American Express cards are permitted for the following industries:
  • Government
  • Utilities
  • Education
  • Residential Rent
  • Club Fees & Memberships
cwh82 is offline  
Old Feb 4, 18, 11:11 pm
  #38  
 
Join Date: Jan 2018
Posts: 14
Originally Posted by cwh82 View Post
According to Plastiq TOS:

American Express cards are permitted for the following industries:
  • Government
  • Utilities
  • Education
  • Residential Rent
  • Club Fees & Memberships
To be more specific, they told me Education for Amex does not include student loan payments, only tuition payments qualify.

Why do you say Visa is under scrutiny, sbalasu3? Currently they are only restricting mortgage payments, according to TOS. Are there DP's suggesting otherwise?
manhattendeli is offline  
Old Feb 5, 18, 2:24 pm
  #39  
 
Join Date: May 2008
Posts: 105
Originally Posted by manhattendeli View Post
To be more specific, they told me Education for Amex does not include student loan payments, only tuition payments qualify.

Why do you say Visa is under scrutiny, sbalasu3? Currently they are only restricting mortgage payments, according to TOS. Are there DP's suggesting otherwise?
No idea. For me Mortgage /Loan didn't work. I am giving up on plastiq. Not worth their hassle . If you want to meet the MSR, you could open the BMO harris bank account and fund with Amex upto $3000 (Checking, Savings, Money Market-each $1K). You could repeat it after 30 days for another 3K.

This chart helps.
Complete guide to Plastiq credit card payments - Frequent Miler
NBG007 is offline  
Old Feb 6, 18, 1:32 pm
  #40  
 
Join Date: Jan 2018
Posts: 14
Thanks, I've seen this chart. Student Loans aren't explicitly covered, but so far a small $10 payment on CSR (visa) has gotten through. I'm crossing my fingers for the rest.
manhattendeli is offline  
Old Feb 9, 18, 9:14 pm
  #41  
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Old Feb 13, 18, 7:34 am
  #42  
 
Join Date: Sep 2014
Posts: 16
Anyone have DP for AT&T Access More card coding as 3x for Chase Mortgage payments?
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Old Feb 14, 18, 8:01 pm
  #43  
 
Join Date: Feb 2018
Posts: 1
So can someone correct me if Iím wrong but from what I am gathering for here the CIP (Chase Ink Preferred) is currently coding all Plastiq transactions as 3x points. So if I make my auto payments it should code?
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Old Feb 15, 18, 10:50 pm
  #44  
 
Join Date: Nov 2017
Posts: 3
Originally Posted by spacemtnfan View Post
So can someone correct me if Iím wrong but from what I am gathering for here the CIP (Chase Ink Preferred) is currently coding all Plastiq transactions as 3x points. So if I make my auto payments it should code?
Confirmed. I recently did it and it looks like this as pending:

Pending Rewards
+ 2 Points per $1 on trvl, ship, adv, telecom
+ 1 Point per $1 earned on all purchases
newflyer1 is offline  
Old Feb 15, 18, 11:11 pm
  #45  
 
Join Date: Jan 2018
Posts: 14
Same here, 3x, and I was paying back student loans. My question is, what part of travel, shipping, advertising, or telecommunications is Plastiq?? Not complaining
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