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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Successful Credit Cards Used (Posted as Purchase, Visa info outdated)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 Mar 18, 18, 4:59 pm
  #61  
 
Join Date: Nov 2014
Location: USA
Posts: 1,075
Originally Posted by RBM3 View Post
In branch BRM paper app seems to bypass 5/24

make sure it is a biz banking rel manager. Not just a banker who can open biz accts BRM also have access to 100k CIP offers.
slivrflyr is offline  
Old Mar 20, 18, 3:47 pm
  #62  
 
Join Date: Dec 2011
Posts: 79
Has anyone gotten an email from Plastiq about being one of their "top members"?

I was contacted by an agent there, saying: "I deal with Plastiq's top members to ensure that their experience is nothing short of sensational" and asking to set up a meeting.

Seems to be targeted toward small businesses. I do spend quite a bit on Plastiq (50k/year?) but I'm not sure what they could offer.
uberuber is offline  
Old Mar 20, 18, 4:02 pm
  #63  
 
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 7,598
I think they just want to give you options for using them in additional situations. Specifically, they keep trying to get me to use it to pay employees. But that seems way too complicated.
josephstern is offline  
Old Mar 21, 18, 9:28 am
  #64  
 
Join Date: Mar 2016
Location: North Texas
Programs: SWA A-List, Marriott Platinum, Hilton Gold
Posts: 147
Originally Posted by uberuber View Post
Has anyone gotten an email from Plastiq about being one of their "top members"?

I was contacted by an agent there, saying: "I deal with Plastiq's top members to ensure that their experience is nothing short of sensational" and asking to set up a meeting.

Seems to be targeted toward small businesses. I do spend quite a bit on Plastiq (50k/year?) but I'm not sure what they could offer.
Who do you pay?
TyPo311 is offline  
Old Mar 21, 18, 12:25 pm
  #65  
 
Join Date: Mar 2018
Posts: 1
Originally Posted by sbalasu3 View Post
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.
@sbalasu3
Can you please share information on how to fund the BMO Harris account? I have a BMO Harris checking account. Can't find the link to do the funding with AMEX.
Alton Yu is offline  
Old Mar 21, 18, 3:52 pm
  #66  
 
Join Date: Oct 2017
Posts: 13
Originally Posted by uberuber View Post
Has anyone gotten an email from Plastiq about being one of their "top members"?

I was contacted by an agent there, saying: "I deal with Plastiq's top members to ensure that their experience is nothing short of sensational" and asking to set up a meeting.

Seems to be targeted toward small businesses. I do spend quite a bit on Plastiq (50k/year?) but I'm not sure what they could offer.
Yea, I just got the same email. I paid 30k in property taxes with Plastiq this month and got another 20k to go once my CIP gets paid down. Haven't called back, and wasn't really planning on it. Anything worthwhile?
dkavaichan is offline  
Old Mar 22, 18, 6:00 am
  #67  
 
Join Date: Feb 2014
Location: Florida
Programs: Hilton Diamond, Marriott Platinum, SPG Platinum, Delta Diamond, Hyatt Platinum
Posts: 188
Originally Posted by dkavaichan View Post
Yea, I just got the same email. I paid 30k in property taxes with Plastiq this month and got another 20k to go once my CIP gets paid down. Haven't called back, and wasn't really planning on it. Anything worthwhile?

It's worthless calling them. Now they flag every single Amex use and with Citi ATT Access 3X most likely dead, not sure how long they last.
141park is offline  
Old Mar 22, 18, 3:28 pm
  #68  
 
Join Date: Sep 2011
Location: SNA
Programs: AA EXP, Hilton Gold, Hyatt Explorist, IHG Plat, Marriott Plat, UA Silver
Posts: 902
I had a vendor payment issue with plastiq and having their private client manager was useful in getting an expedited customer service response.
ralphs is offline  
Old Mar 22, 18, 5:50 pm
  #69  
 
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Gold, Marriott Bombay Titanium, Hertz President's Circle, UA Silver, Mobile Passport Unobtanium
Posts: 4,937
Originally Posted by Alton Yu View Post
@sbalasu3
Can you please share information on how to fund the BMO Harris account? I have a BMO Harris checking account. Can't find the link to do the funding with AMEX.
You can no longer do this. AMEX killed it.
Diplomatico is offline  
Old Mar 22, 18, 9:09 pm
  #70  
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Join Date: Sep 2013
Location: SAN/IND
Programs: Hyatt Diamond
Posts: 1,405
Originally Posted by dkavaichan View Post
Yea, I just got the same email. I paid 30k in property taxes with Plastiq this month and got another 20k to go once my CIP gets paid down. Haven't called back, and wasn't really planning on it. Anything worthwhile?
I emailed them back asking for money towards my next expense.

They asked me what my largest monthly expense is and I said rent ($1800/month). They said if I pay it by card (which I already do with Paypal) with them, they'll give me $200. I asked for $300 and they agreed. FWIW
healthnut is offline  
Old Mar 23, 18, 6:16 pm
  #71  
 
Join Date: Sep 2015
Posts: 421
Does anyone know why you cant use an amex card to pay a contractor?
BuBu4 is offline  
Old Mar 23, 18, 11:38 pm
  #72  
 
Join Date: Dec 2011
Posts: 79
Originally Posted by healthnut View Post
I emailed them back asking for money towards my next expense.

They asked me what my largest monthly expense is and I said rent ($1800/month). They said if I pay it by card (which I already do with Paypal) with them, they'll give me $200. I asked for $300 and they agreed. FWIW
Interesting, thanks!

To the user asking what I spend on - I was paying rent on Plastiq, as I value SPG points above the fee.
uberuber is offline  
Old Mar 26, 18, 2:16 pm
  #73  
 
Join Date: Apr 2008
Posts: 504
Any other good 3X MS options with CIP besides rent/etc with plastiq?
gumercindo is offline  
Old Mar 27, 18, 7:17 pm
  #74  
 
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Gold, Marriott Bombay Titanium, Hertz President's Circle, UA Silver, Mobile Passport Unobtanium
Posts: 4,937
Originally Posted by BuBu4 View Post
Does anyone know why you cant use an amex card to pay a contractor?
AMEX limited use of their cards on Plastiq to a handful (eight, IIRC) of categories. Plastiq complies with the limitations of the card issuers.
Diplomatico is offline  
Old Mar 27, 18, 8:01 pm
  #75  
 
Join Date: Sep 2015
Posts: 421
Originally Posted by Diplomatico View Post
AMEX limited use of their cards on Plastiq to a handful (eight, IIRC) of categories. Plastiq complies with the limitations of the card issuers.
i was more on curious on why. I understand mortgage, ur paying off a loan, same with autoloan, but for contractor, your paying off a job. its like, you could technique pay them off with a credit card if they accept it right? so why does amex limit it with plastiq.
BuBu4 is offline  

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