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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 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
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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 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Successful Credit Cards Used (Posted as Purchase, Visa info outdated)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.
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Old Mar 8, 19, 9:37 am
  #466  
 
Join Date: Mar 2016
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Originally Posted by Caribgrl View Post
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.
I think most banks will accept, sometimes it's just a paper check that Plastiq sends. I suggest sending out a feeler payment to them to make sure it works. One thing to note, it usually takes more time to send the payment than plastiq advertises. (sometimes 5-7 days longer)
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Old Mar 11, 19, 7:17 pm
  #467  
 
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Is the fee raised to 2.67%? That's what I see now on a new payment.NM, figured out. 2.5% starts from $10

Last edited by yugi; Mar 11, 19 at 7:26 pm
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Old Mar 11, 19, 7:19 pm
  #468  
 
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Originally Posted by yugi View Post
Is the fee raised to 2.67%? That's what I see now on a new payment.
Yikes, would like to know if this is confirmed. That would suck....

Also, I have a code for $10,000 fee free dollars for business accounts if anyone wants to partake, contact me!
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Old Mar 12, 19, 4:47 am
  #469  
 
Join Date: Oct 2017
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Originally Posted by ginmqi View Post
Yikes, would like to know if this is confirmed. That would suck....

Also, I have a code for $10,000 fee free dollars for business accounts if anyone wants to partake, contact me!
Can I get that code?
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Old Mar 13, 19, 11:17 am
  #470  
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Originally Posted by lstomberg View Post
Can I get that code?
Sent you a PM with the referral code.
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Old Mar 13, 19, 2:54 pm
  #471  
 
Join Date: Jan 2017
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The code you guys have is the referral code. If you use that code, then both the party opening the new account and the party sending the code get FFDs after the new account holder spends certain amount. Most of the benefits to the party sending the code since there is no cost to that party.

It is just like personal referral. Google "Plastiq business Referral" and you'll see it.
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Old Mar 13, 19, 2:56 pm
  #472  
 
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Originally Posted by ginmqi View Post
Also, I have a code for $10,000 fee free dollars for business accounts if anyone wants to partake, contact me!
I think this should be corrected as "referral code" since the code is not for "$10,000 fee free dollars". There are strings attached to it.
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Old Mar 13, 19, 3:08 pm
  #473  
 
Join Date: Jan 2017
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I just wonder what Business CCs you guys use. The AmEx BBP is my go-go card. But I'd like to add some more. Most the airline and hotel cards do not cut it since they normally earn 1x mile and 2x hotel points. Any CCs have Plastiq as "business" categories?
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Old Mar 13, 19, 4:03 pm
  #474  
 
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Originally Posted by RedSun View Post
I just wonder what Business CCs you guys use. The AmEx BBP is my go-go card. But I'd like to add some more. Most the airline and hotel cards do not cut it since they normally earn 1x mile and 2x hotel points. Any CCs have Plastiq as "business" categories?
Now that the 3x for Plastiq on Chase Ink Preferred is dead, I don't think that there are any other goldmines out there. At least none that anyone is sharing with me.

Different folks value MR and UR points differently. I tend to prefer UR points because I'm very much an adept of Hyatt, and I find that I can get two cents of real value per Hyatt point (equal to a UR point). With that in mind, when I can use Plastiq I have come to prefer Chase Freedom Unlimited (or the business version) at 1.5x to BBP at 2x. But it's a close call, to be sure.
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Old Mar 13, 19, 4:55 pm
  #475  
 
Join Date: Jan 2017
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Originally Posted by Biggie Fries View Post
Now that the 3x for Plastiq on Chase Ink Preferred is dead, I don't think that there are any other goldmines out there. At least none that anyone is sharing with me.

Different folks value MR and UR points differently. I tend to prefer UR points because I'm very much an adept of Hyatt, and I find that I can get two cents of real value per Hyatt point (equal to a UR point). With that in mind, when I can use Plastiq I have come to prefer Chase Freedom Unlimited (or the business version) at 1.5x to BBP at 2x. But it's a close call, to be sure.
Chase FU is a Visa card and its has its limitations.

The next best is one is BofA Business Travel MC if you can get the 1.75x. Then it is a 2.625% CF card. But not many people can get to the Platinum Honor ($100k asset) level.

Not sure if there is any 1.5 miles business CCs.
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Old Mar 13, 19, 8:33 pm
  #476  
 
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I did a test with chase Visa which previously coded as insurance, now codes "Quasi Cash - Merchant". This looks like cash advance. The amount was $10.25 (including the fee).
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Old Mar 13, 19, 8:57 pm
  #477  
 
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Originally Posted by RedSun View Post
Chase FU is a Visa card and its has its limitations.
Good point. I think we're only supposed to go up to 20% of credit limit, so, yeah, you need a high credit limit on the card.
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Old Mar 13, 19, 9:22 pm
  #478  
 
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Originally Posted by RedSun View Post
Chase FU is a Visa card and its has its limitations.

The next best is one is BofA Business Travel MC if you can get the 1.75x. Then it is a 2.625% CF card. But not many people can get to the Platinum Honor ($100k asset) level.

Not sure if there is any 1.5 miles business CCs.
The Business FU should work
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Old Mar 14, 19, 12:11 pm
  #479  
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Originally Posted by chaser123 View Post
The Business FU should work
Except that it's called BU, not FU. In other words, it's called Chase Business Unlimited, with no mention of the word "Freedom", even though it acts like a business version of the Freedom Unlimited card.
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Old Mar 14, 19, 12:22 pm
  #480  
 
Join Date: Nov 2014
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Originally Posted by Biggie Fries View Post
Now that the 3x for Plastiq on Chase Ink Preferred is dead, I don't think that there are any other goldmines out there. At least none that anyone is sharing with me.

Different folks value MR and UR points differently. I tend to prefer UR points because I'm very much an adept of Hyatt, and I find that I can get two cents of real value per Hyatt point (equal to a UR point). With that in mind, when I can use Plastiq I have come to prefer Chase Freedom Unlimited (or the business version) at 1.5x to BBP at 2x. But it's a close call, to be sure.
Originally Posted by RedSun View Post
Chase FU is a Visa card and its has its limitations.

The next best is one is BofA Business Travel MC if you can get the 1.75x. Then it is a 2.625% CF card. But not many people can get to the Platinum Honor ($100k asset) level.

Not sure if there is any 1.5 miles business CCs.
INdeed, so sad that CIP 3x is dead for Plastiq. Had I known it was about to die I could've spent way more using my CIP....oh well.

For now I only use plastiq to hit sign up bonuses. No other CC/pts programs, IMO, can reliability and easily get over the steep hump of Plastiq's 2.5% fees....unless something changes in the future or the CIP is revived.....(or a similar product that can reliabily and easily earn 3x....)
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