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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:

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Successful Credit Cards Used (Posted as Purchase, Visa info outdated)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

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 Apr 23, 19, 1:22 pm
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 2,337
I just tested a few MCGC to pay and they have 1% fee. This is my 2nd Plastiq account and I can just leave those cards there until this is paid in a few days. Just some extra works. But not too hard.
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Old Apr 23, 19, 1:28 pm
Join Date: Aug 2018
Programs: Hyatt Explorist, Marriott Gold
Posts: 31
My DP: MCGC Issued by Meta has 1%, Purchased from Stop&Shop/Giant. This is great because of the promo's and they advertise purchasing MCGC/VGC with Credit Cards.

Good for Chase Freedom Q2 5% / Amex Gold 4%.
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Old Apr 26, 19, 11:47 am
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 2,337
Originally Posted by chaser123 View Post
I add, pay and remove right away. My payments are immediate (not scheduled). About 2-4 weeks to get cash back into my bank account, which gives me a few more weeks to pay back the ink card.
How do you get your money back to your own account? You pay your friends?
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Old Apr 26, 19, 8:58 pm
Join Date: Apr 2005
Posts: 134
anyone getting this error on plastiq -

Oops! There was a problem adding your card: Your card was not validated properly.

Started getting it around 10:10 pm EST. Can't add any cards .. VISA/MC/prepaid/CC/debit
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Old Apr 28, 19, 10:41 am
Join Date: Sep 2002
Location: Thousand Oaks, Ca., USA
Programs: AA Ex Plat; Bonvoy Titanium Lifetime Elite;Hyatt Globalist; HHonors Diamond; United Silver
Posts: 5,917
Doctor of Credit reports a 1.5% fee promotion with MC. It's not showing on mine. Any more details?

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Old Apr 28, 19, 10:56 am
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 2,337
Yes, the MC cards show 1.5% fee.

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Old Apr 28, 19, 11:01 am
Join Date: Apr 2005
Posts: 134
Dang .. the 1% MC promotion was better .. now pay another 0.5% in fees :-(
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Old Apr 28, 19, 11:27 am
Join Date: Apr 2019
Posts: 28
Mine is showing 1.5%, but, when I click on the fee, it isn't showing as a promotional discount like the example on DOC.
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Old Apr 28, 19, 12:59 pm
Join Date: Jun 2018
Posts: 1
Getting error card not valid, Metabank MC GC from Staples

Last edited by saidweintraub; Apr 28, 19 at 1:01 pm Reason: info
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Old Apr 28, 19, 4:23 pm
Join Date: Jul 2017
Programs: UR, Marriott, AA, WN, Chick Fil A Red
Posts: 166
$110k of payments scheduled over the next year👍🏻 Maybe Iíll add some tax payments for beyond a year.
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Old Apr 28, 19, 8:11 pm
Join Date: Jul 2010
Location: 718
Programs: Hyatt Diamond, Hilton Diamond, SPG Gold, IHG Platinum
Posts: 601
i dont get it.. im am still getting hit with a 2.5% fee...?
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Old Apr 28, 19, 8:40 pm
Join Date: Apr 2019
Posts: 28
Yup, already dead. I wonder if scheduled payments will go through at the 1.5% rate.
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Old May 8, 19, 12:41 am
Join Date: Jun 2014
Posts: 40
I just used a visa vanilla gift card and a master vanilla gift card, visa is declined, master is ok
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Old May 9, 19, 4:00 pm
Join Date: Sep 2011
Location: SNA
Programs: AA EXP, Hilton Gold, Hyatt Explorist, IHG Plat, Marriott Plat, UA Silver
Posts: 899
Got this email from Plastiq:

Thank you for choosing Plastiq. I hope that you value the convenience, the rewards and the increased cash flow that Plastiq provides.

I’d like to invite you to a special rebate offer for valued Visa customers.

If you spend $100,000 for 6 months in a row on your Visa Purchasing card, we will rebate you a portion of the Plastiq fee that effectively lowers it to 2.25% - or a savings of $1,500.

If you respond by Monday, May 20th, I can rebate you an extra $250 for your first month’s payment.

As you may know, thousands of businesses use Plastiq to pay upwards of $1M to key vendors, international suppliers, and contractors.

To get started with your next payment, please reply back to this email at your earliest convenience.
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Old May 15, 19, 10:11 am
Join Date: Sep 2006
Location: Teaneck, NJ
Programs: SPG Gold, HHonors Gold, IHG Platinum, Marriott Silver
Posts: 647
Got this offer today, which is weird since I use a Mastercard for Plastiq every month:

We noticed that you haven’t used a Mastercard recently to make your payments, so we’d like to make you a special offer.

Schedule three payments in a row with a Mastercard (up to $2,000 each) and benefit from a low 1.0% Plastiq fee - up to a $90 value.

Many Plastiq customers enjoy the convenience of using their Mastercard to pay for a wide variety of bills - from rent and car payments to utilities and business expenses.

Please submit your scheduled payments by May 31, 2019 to qualify.
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