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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 Jun 27, 19, 4:54 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: RedSun
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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Successful Credit Cards Used (Posted as Purchase, Visa info outdated)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.
"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 1, 19, 10:38 pm
  #451  
 
Join Date: Aug 2014
Posts: 6
anyone have flagstar for mortgage? just got my CIP card and tried to pay with plastiq but found out no visa accepted. bummer
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Old Feb 2, 19, 12:33 pm
  #452  
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Originally Posted by richardbb85 View Post
anyone have flagstar for mortgage? just got my CIP card and tried to pay with plastiq but found out no visa accepted. bummer
Yes, I used to pay Flagstar mortgage with my CIP but when the previously scheduled payments ran out, I could no longer use Visa cards for mortgages. Such a bummer, haven't found way around it. If anyone has any recent datapoints or ideas, I am all ears. It would be so great if I can use my new Spark Miles visa to pay my mortgage.
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Old Feb 4, 19, 8:10 am
  #453  
 
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Looks like Bofa Master card has put a lot of restrictions for online shopping.
:-(
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Old Feb 4, 19, 11:09 am
  #454  
mia
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Welcome to Flyertalk

Originally Posted by LLKA View Post
....transaction is posted as a "Sale" with a category "Personal" with the point exact the same amount it should be if this is a normal goods or service purchase.....
To be sure we understand correctly, the transaction was processed by Chase's automated system exactly as you would expect, and exactly as described by Plastiq on THIS page, but you asked Chase customer service to look at it, and now you want to know why they gave you different information?

I would ignore the SM discussion, complete the minimum spend to earn the new account bonus, wait for the end of the billing cycle, and see if points post for that transaction and the bonus. If the bonus does not post contact Chase, but do not "suggest" that it may be related to a particular transaction, let them do their research and tell you.
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Old Feb 4, 19, 11:49 am
  #455  
 
Join Date: Jan 2019
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Originally Posted by mia View Post
Welcome to Flyertalk



To be sure we understand correctly, the transaction was processed by Chase's automated system exactly as you would expect, and exactly as described by Plastiq on THIS page, but you asked Chase customer service to look at it, and now you want to know why they gave you different information?

I would ignore the SM discussion, complete the minimum spend to earn the new account bonus, wait for the end of the billing cycle, and see if points post for that transaction and the bonus. If the bonus does not post contact Chase, but do not "suggest" that it may be related to a particular transaction, let them do their research and tell you.
Oh, thank you for your reply. Yes, it is what I concern. I always trust the SM, but maybe I was wrong. Hope everything goes well when the statement is posted.
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Old Feb 9, 19, 11:39 am
  #456  
 
Join Date: Aug 2018
Posts: 69
So what is a good mastercard strategy? I currently can pay my mortgage (1k a month) and car payments (1.5k a month) with a mastercard. So thats 30k spend that I couldn't get otherwise. 750 dollars in fees assuming no promotions. I am less interested in points (although certainly could use for minimum spend on new cards) and was looking more at high spend bonuses. I saw the Virgin Atlantic mastercard has a high spend bonus, but they just had a good promotion end. Any other ideas?
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Old Feb 9, 19, 3:38 pm
  #457  
 
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Originally Posted by geoff325 View Post
So what is a good mastercard strategy? I currently can pay my mortgage (1k a month) and car payments (1.5k a month) with a mastercard. So thats 30k spend that I couldn't get otherwise. 750 dollars in fees assuming no promotions. I am less interested in points (although certainly could use for minimum spend on new cards) and was looking more at high spend bonuses. I saw the Virgin Atlantic mastercard has a high spend bonus, but they just had a good promotion end. Any other ideas?
They are only few cards that can beat the 2.5% fees. Without promotion, Plastiq is only good if you want to hit welcome spending or high spending status. So only use Plastiq as a second tier option.
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Old Feb 9, 19, 4:41 pm
  #458  
 
Join Date: Aug 2018
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Right - thats what I was talking about the - the high spend bonus. I just want that to worth more than 750 bucks
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Old Feb 9, 19, 8:30 pm
  #459  
 
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I use Plastiq with Citi Cards. I actually have been applying for lots of citicards lately so I can get more retention offers. The offers work advantageously with Plastiq. I also max out my business blue 2x with plastiq. Not the best deal but I put those those amex rewards to good use. Hopefully plastiq has a new promo soon. Its been a while.
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Old Feb 10, 19, 11:50 am
  #460  
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Originally Posted by geoff325 View Post
Right - thats what I was talking about the - the high spend bonus. I just want that to worth more than 750 bucks
What cards have a high spend bonus is constantly changing, and you need to evaluate what it earns relative to what you need. It's not likely to be a "sustainable" policy, ie, you may occasionally get a high-spend bonus which makes using Plastiq for two or three months worthwhile (you should look into whether you can your mortgage ahead of time when you have a high spend bonus which covers more mortgage than you would normally pay in the spend time window), but it's not likely something you can do year-round.

And you need to think carefully about different mileage programs. To start with, be aware of expiration policies:

Miles/Points that Do and Don't Expire

and you have to know how to "top off" if the miles you earn from the signup bonus are not enough for the award(s) you want.

Thus it works best for mileage programs you already belong to now and have other means of earning into (dining programs, shopping portals, car rentals, hotel stays or hotel program transfers, etc, etc). It's much trickier to use a high spend bonus for a mileage program you don't yet belong to and which you're totally unfamiliar with and wouldn't know how to "top off" or avoid expiration (without high expense).

Finally, you need to learn about the anti-churning rules at each bank, because that may lead you to apply first at certain banks (even if that's not highest spend bonus at that moment) because if you wait you may never be able to apply at that bank after that.
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Old Feb 10, 19, 4:25 pm
  #461  
 
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Originally Posted by geoff325 View Post
Right - thats what I was talking about the - the high spend bonus. I just want that to worth more than 750 bucks
We are talking about two different things here. One is the absolute reward earning. If you can get $1,200 reward, then $750 fee is worth to you. You are $450 on top.

Then there is the relative or comparative side. Plastiq carries a 2.5% standard fee. If you get other means to get to the $30,000 spending, you'd be better off if you cost is 1.5%, even 2%. Then you beat Plastiq. There are quite some ways to do it. This is why Plastiq is not optimal, but only secondary if better options have been exhausted.
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Old Feb 10, 19, 5:06 pm
  #462  
 
Join Date: Aug 2018
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Right. This is my car payment and mortgage. I can't pay with a credit card, but I can with plastiq. And plastiq only accepts MasterCard for those. Thus that 30k is otherwise cash pay. Right now I am doing 2 Citi AA MasterCards. Recently did Barclays arrival. At some point will run out of/need to wait on MasterCards just for welcome bonus. That's why I am looking for big spend bonuses that are worth it.
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Old Feb 23, 19, 4:50 am
  #463  
 
Join Date: Sep 2017
Posts: 264
If I apply for the Discover it Cashback Match will that cashback match work as far as using it specifically for my mortgage only?

So my mortgage is $700 monthly how much cashback would I be looking at? Or how does it work.

And how would I know my bank even accepts this form of payment.

Last edited by Caribgrl; Feb 23, 19 at 5:11 am
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Old Feb 25, 19, 9:56 am
  #464  
 
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Does anyone have a referral code for business account 10000 FFD? PM me
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Old Feb 25, 19, 10:20 am
  #465  
 
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Originally Posted by cbra2 View Post
Does anyone have a referral code for business account 10000 FFD? PM me
PM sent
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