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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
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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Successful Credit Cards Used (Posted as Purchase, Visa info outdated)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 May 6, 18, 12:38 pm
  #106  
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Originally Posted by wiivile View Post
Has anyone been able to figure out why Plastiq codes as 3x on the CIP? It's not travel, or it would get 3x on the CSR, and it's not internet provider/telecom or it would get 5x on the Ink Cash... Is it a "shipping service" since they basically mail a check on your behalf?
I just ran one small payroll with Plastiq using CIP and only got 1x. Not sure if it's just me or if the 3x is no longer. ??
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Old May 7, 18, 8:42 am
  #107  
 
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Why does amex not work for mortgage? Does the payment just gets declined by plastiq when trying to submit? or it'll error out? Is this the case with Visa too?

I just made my first payment using CIP to pay my HELOC. Payment went through and I still the charge on my CC. Wondering if this worked because they see HELOC different from a mortgage...? Hoping itll post as 3x....
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Old May 7, 18, 9:33 am
  #108  
 
Join Date: Dec 2017
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Originally Posted by SFO777 View Post
I just ran one small payroll with Plastiq using CIP and only got 1x. Not sure if it's just me or if the 3x is no longer. ??
What were the transaction and post dates? My last plastiq transaction on 4/30, posted on 5/1 got 3x on CIP.
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Old May 7, 18, 11:43 am
  #109  
 
Join Date: May 2018
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My last transaction got 3X on CIP (Transaction date 5/3 post date 5/4). Just got an email from Plastiq that they are cancelling a transaction for a vacation rental that I had previously paid thru them "Plastiq is unable to support payments made for short-term rentals or for goods or services whose delivery or completion has not yet been confirmed." I don't see anything about short term rentals in their terms of service.
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Old May 7, 18, 3:53 pm
  #110  
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Originally Posted by cwh82 View Post
What were the transaction and post dates? My last plastiq transaction on 4/30, posted on 5/1 got 3x on CIP.
4/9 posted 4/10.
Upon further review, I'm thinking that it may be my card. I used the Ink Business Plus card but I've learned that perhaps it's the Ink Business Preferred that gets 3x. Is that correct??
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Old May 7, 18, 3:58 pm
  #111  
 
Join Date: Nov 2013
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Originally Posted by SFO777 View Post
4/9 posted 4/10.
Upon further review, I'm thinking that it may be my card. I used the Ink Business Plus card but I've learned that perhaps it's the Ink Business Preferred that gets 3x. Is that correct??
Yes, and nobody knows why the Ink Business Preferred codes as 3x but not the Ink Cash, Ink Plus, or CSR...
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Old May 8, 18, 9:08 am
  #112  
 
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so they cancelled your payment from 5/3 ? or was the short term rental a different payment than the 5/3 ?
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Old May 8, 18, 9:33 am
  #113  
 
Join Date: Apr 2008
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Originally Posted by navatwal View Post
Anyway to still pay mortgage with Chase VIsa?
I'd wager there are still outliers that do. I know one mortgager - Mr. Cooper - was coding 3X via CIP as of a couple months ago but Chase/Visa/Plastiq closed the loop on that one. I think there are a couple DPs of some smaller regional banks/CUs still flying under the radar. Few and far between, though...for sure.

Has anyone gotten different results using ACH payment form on plastiq?
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Old May 15, 18, 11:20 am
  #114  
 
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I just received an email from Plastiq - no fee when paying up $500 using MasterPass.
Scheduling payments starting 5/15/2018 through 9/30/2018.
I tried and it works - it's actually UP TO $500 fee free, so if you have a payment in excess of $500, only the portion over $500 gets the standard fee charged.
Not sure if this is targeted - I didn't have to enter a promo code or anything - it just worked automatically.
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Old May 16, 18, 1:11 pm
  #115  
 
Join Date: Mar 2015
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Originally Posted by OskiBear View Post
I just received an email from Plastiq - no fee when paying up $500 using MasterPass.
Scheduling payments starting 5/15/2018 through 9/30/2018.
I tried and it works - it's actually UP TO $500 fee free, so if you have a payment in excess of $500, only the portion over $500 gets the standard fee charged.
Not sure if this is targeted - I didn't have to enter a promo code or anything - it just worked automatically.
I got it as well and scheduled a bunch of payments out to 9/30/2018.
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Old May 16, 18, 2:06 pm
  #116  
 
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Old May 17, 18, 8:47 am
  #117  
 
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Originally Posted by eccentricfusion View Post
I got it as well and scheduled a bunch of payments out to 9/30/2018.
Same and in the event anyone is curious, the fee resets as normal for payments scheduled for beyond 9/30/2018 even as part of a schedule.
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Old May 17, 18, 8:50 pm
  #118  
 
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Can you schedule weekly payments?
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Old May 18, 18, 1:01 pm
  #119  
 
Join Date: Apr 2008
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Finding a way to use my CIP on plastiq and get 3X. I have moderate amounts and keep telling myself that the 3X makes it worth it. However, I'm looking into offsetting the fees - how are folks offsetting the fees assuming 3X is not included?
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Old May 19, 18, 3:05 pm
  #120  
 
Join Date: Aug 2000
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Is there a limit to the number of payments for this MasterPass promo? Is it ok to schedule one-time payments with different amounts over 10 straight days?

Even though my Citi DC has been in the drawer for a while, fee free payments on MC only makes it worth it.
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