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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 23, 19, 5:40 pm   -   Wikipost
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Last edit by: weezl
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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.

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Successful Credit Cards Used (Posted as Purchase, Visa info outdated)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 May 16, 19, 6:36 am
  #541  
 
Join Date: Feb 2014
Posts: 44
I noticed that my Alliant Visa is no longer earning any cashback on payments made through Plastiq. It was a nice way to float the money on payments before. Even with the 2.5% Plastiq fee, I would still recoup that with the 2.5% cashback on the Alliant Visa. But, now it doesn't make sense. Anyone else notice this? I didn't get any kind of notice or indication from Alliant; I just did the math on my latest statement to figure out that the Plastiq payments were now excluded from earning any cashback.
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Old May 16, 19, 3:44 pm
  #542  
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Originally Posted by daedge View Post
I noticed that my Alliant Visa is no longer earning any cashback on payments made through Plastiq. It was a nice way to float the money on payments before. Even with the 2.5% Plastiq fee, I would still recoup that with the 2.5% cashback on the Alliant Visa. But, now it doesn't make sense. Anyone else notice this? I didn't get any kind of notice or indication from Alliant; I just did the math on my latest statement to figure out that the Plastiq payments were now excluded from earning any cashback.
Are you sure they're still being processed as purchases (rather than as cash advances) on your Alliant Visa? If they were processed as cash advances (rather than purchases), that would automatically explain why you wouldn't get cashback, I presume.

And in recent times, Plastiq has been doing stuff like that with some Visa cards:

Plastiq: Changes To Visa Personal Cards (Some Cards Coding As Cash Advance, Some Limited To 20% Of Credit & Others Unaffected) (DoC)


Plastiq previously said that Alliant would not be affected, but maybe that changed recently?
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Old May 16, 19, 6:23 pm
  #543  
 
Join Date: Sep 2011
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Posts: 893
I imagine that card issuers (once they are aware of Plastiq) would be the ones trying to exclude Plastiq from earning cashback in this scenario, and that Plastiq doesn't have much power here.
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Old May 16, 19, 10:30 pm
  #544  
 
Join Date: Feb 2014
Posts: 44
No, they are included as purchases, but they don't get cash back any more. I believe they changed something over a month ago. On my statement from last month some of the Plastiq payments still counted and some did not. But, on this month's statement, none of the Plastiq payments counted. I didn't notice it last month because the amount was smaller, but this month it was more easy to see because the amount was much higher.
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Old May 17, 19, 8:19 am
  #545  
 
Join Date: Jul 2012
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Posts: 1,964
I am interested in using Plastiq to finish the minimum spend on a Chase Visa card (the Bonvoy Boundless specifically). The credit line is $24K and I have about $2K to go to earn the sign-up bonus. From what's been said here it seems that I should be able to do this, does it sound right? I might not earn Marriott points but I'd be OK with that.
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Old May 21, 19, 8:37 am
  #546  
 
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 1,955
I follow the instructions to set up 3 consecutive payments with MC card. It still shows 2.5%, not the 1% promotion fee. Anyone has similar?
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Old May 21, 19, 8:53 am
  #547  
 
Join Date: Jan 2017
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Originally Posted by RedSun View Post
I follow the instructions to set up 3 consecutive payments with MC card. It still shows 2.5%, not the 1% promotion fee. Anyone has similar?
apparently they have to be scheduled as repeating payments
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Old May 21, 19, 10:50 am
  #548  
 
Join Date: Mar 2015
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Originally Posted by rabbmd View Post


apparently they have to be scheduled as repeating payments
I did the repeating payments also, but noticed that it was still 2.5%. The email states "Low Plastiq 1.0% fee will be applied automatically when the payment is processed. The last payment must be processed by 11:59 p.m. EST on August 31, 2019." From the wording, seems like it will show 2.5% but apply the 1.0% when it goes through.
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Old May 21, 19, 10:56 am
  #549  
 
Join Date: Aug 2018
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Originally Posted by eccentricfusion View Post
I did the repeating payments also, but noticed that it was still 2.5%. The email states "Low Plastiq 1.0% fee will be applied automatically when the payment is processed. The last payment must be processed by 11:59 p.m. EST on August 31, 2019." From the wording, seems like it will show 2.5% but apply the 1.0% when it goes through.
For me, I saw the 1% fee at the submit payment screen. The payment schedule that plastiq also reflected the 1% fee.
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Old May 21, 19, 6:13 pm
  #550  
 
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Promotion

Originally Posted by cvseuy View Post
For me, I saw the 1% fee at the submit payment screen. The payment schedule that plastiq also reflected the 1% fee.
I didn.t see the 1% either so I did a online chat with them & they changed fee amount to reflect 1% instead of 2 1/2%.
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Old May 21, 19, 6:58 pm
  #551  
 
Join Date: Jan 2017
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When I used the (grey) $200 MCGC purchased at Staples, I get 1% fee. But when I used the MCGC from GiftCards.com, it shows 2.5% fee. What is going on?
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Old May 22, 19, 10:01 am
  #552  
 
Join Date: Jul 2014
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Originally Posted by RedSun View Post
When I used the (grey) $200 MCGC purchased at Staples, I get 1% fee. But when I used the MCGC from GiftCards.com, it shows 2.5% fee. What is going on?
The 1% is an error. System thinks the staples GC are bank debit cards. Enjoy it. (I am) Gift cards (even though they are debit) are supposed to be 2.5%.
Regarding the promo, I was able to put 3 separate payments for 1%. After that they all show up as 2.5%
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Old May 22, 19, 11:46 am
  #553  
 
Join Date: Jan 2017
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Originally Posted by chaser123 View Post
The 1% is an error. System thinks the staples GC are bank debit cards. Enjoy it. (I am) Gift cards (even though they are debit) are supposed to be 2.5%.
Regarding the promo, I was able to put 3 separate payments for 1%. After that they all show up as 2.5%
I do not think it is an error or not. Plastiq tries to tell the Debit vs Credit from the range of card groups. But often time it is wrong. When I try to link my PayPal Business DC, all places consider that card to be a credit card, not a debit. But it is clearly a debit card.
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Old May 22, 19, 11:51 am
  #554  
 
Join Date: Aug 2018
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Originally Posted by chaser123 View Post
The 1% is an error. System thinks the staples GC are bank debit cards. Enjoy it. (I am) Gift cards (even though they are debit) are supposed to be 2.5%.
Same here, I've been enjoying using GC from Stop & Shop. Just finished maxing out the 5% on the Freedom, working on the 4% on the Gold Card. Even after the GC/Plastiq fees, I'm still coming out ahead.
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Old May 23, 19, 12:19 am
  #555  
 
Join Date: Mar 2015
Posts: 305
Got them to change it to 1% - guess scheduling a series that goes past the last day of their promotion (even if the first three are within the promotion period) causes issues.
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