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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
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: 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Successful Credit Cards Used (Posted as Purchase, Visa info outdated)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 19, 18, 6:56 pm
  #121  
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Originally Posted by AzLarry View Post
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.
Do you actually have to use an MC with MasterPass?

I've never used MasterPass, but I've heard it's MC's equivalent of Visa Checkout, and Visa Checkout let me set up an MC as my preferred Visa Checkout card, and it worked! (Well, it worked in the way that it took it. This was for a silly WyndhamRewards hotel program promo, where you would get bonus points for reserving using Visa Checkout, but since i was reserving non-prepaid stays, I had to present the card at check-in anyhow. So I guess I really only used Visa Checkout with that MC to secure my reservation, not actually pay for it.)
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Old May 19, 18, 7:01 pm
  #122  
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Originally Posted by AzLarry View Post
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.
Apparently there is no limit. I expect a limit to be imposed before this promo ends though.

Originally Posted by sdsearch View Post
Do you actually have to use an MC with MasterPass?

I've never used MasterPass, but I've heard it's MC's equivalent of Visa Checkout, and Visa Checkout let me set up an MC as my preferred Visa Checkout card, and it worked! (Well, it worked in the way that it took it. This was for a silly WyndhamRewards hotel program promo, where you would get bonus points for reserving using Visa Checkout, but since i was reserving non-prepaid stays, I had to present the card at check-in anyhow. So I guess I really only used Visa Checkout with that MC to secure my reservation, not actually pay for it.)
You can add other cards(Amex/Visa) to masterpass. But I don't think it will be fee free for the plastiq promo if you use them.
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Old May 20, 18, 9:28 am
  #123  
 
Join Date: Jan 2017
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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.
$500 is close to useless.
I'll only use Plastiq if I'll have to complete some SUBs quickly. Its 2.5% fee is very high. It is not good for normal MSing. I'll keep the MS fee at 1% and no more than 1.5%.
And we rarely see Plastiq promotions. They want to get the most they can. I've been trying to stay away from them.
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Old May 20, 18, 10:31 am
  #124  
 
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Originally Posted by ChrisFlyer66 View Post
Apparently there is no limit. I expect a limit to be imposed before this promo ends though.
Thanks. Hopefully the limit is imposed for new payments only. Or worst case is that they cancel my payments.

Mine are college payments, so I doubt they would complain about 10-20 ~$500 checks like a landlord or other private party might.
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Old May 20, 18, 12:01 pm
  #125  
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Originally Posted by AzLarry View Post
Thanks. Hopefully the limit is imposed for new payments only. Or worst case is that they cancel my payments.
Yeah I scheduled a bunch of payments that will happen well into the future to lock in the lack of fees. I'm speculating that as long as the fee-free payment is scheduled now, it will be honored even if they change the terms.
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Old May 20, 18, 9:55 pm
  #126  
 
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Originally Posted by RedSun View Post
$500 is close to useless.
I'll only use Plastiq if I'll have to complete some SUBs quickly. Its 2.5% fee is very high. It is not good for normal MSing. I'll keep the MS fee at 1% and no more than 1.5%.
And we rarely see Plastiq promotions. They want to get the most they can. I've been trying to stay away from them.
Far from useless for me and, it appears, a number of others. If you're staying away from Plastiq, why are you here posting negativity in the Plastiq thread?
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Old May 21, 18, 5:26 pm
  #127  
 
Join Date: Jan 2017
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Originally Posted by OskiBear View Post
Far from useless for me and, it appears, a number of others. If you're staying away from Plastiq, why are you here posting negativity in the Plastiq thread?
2.5% fee is the highest fee we all can see. But if you have no other ways to MS, then just eat the fees.
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Old May 21, 18, 5:36 pm
  #128  
 
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Originally Posted by sdsearch View Post
Do you actually have to use an MC with MasterPass?

I've never used MasterPass, but I've heard it's MC's equivalent of Visa Checkout, and Visa Checkout let me set up an MC as my preferred Visa Checkout card, and it worked! (Well, it worked in the way that it took it. This was for a silly WyndhamRewards hotel program promo, where you would get bonus points for reserving using Visa Checkout, but since i was reserving non-prepaid stays, I had to present the card at check-in anyhow. So I guess I really only used Visa Checkout with that MC to secure my reservation, not actually pay for it.)
I did use Visa Checkout with Amex and MC, and used Masterpass with Visa
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Old May 21, 18, 10:40 pm
  #129  
 
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Originally Posted by yugi View Post
I did use Visa Checkout with Amex and MC, and used Masterpass with Visa
Are you saying you used Masterpass with Visa on Plastiq with the promo applied? Plastiq's Masterpass option appears to be the Citi version only.
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Old May 21, 18, 10:52 pm
  #130  
 
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Originally Posted by frudd38 View Post
Are you saying you used Masterpass with Visa on Plastiq with the promo applied? Plastiq's Masterpass option appears to be the Citi version only.
Mine defaulted to Capital One. You need to switch wallet issuers. Either try incognito mode or at the bottom there is a link (I can't remember what it says) to switch to other issuers.

I used my CitiDC MC. I don't have any cards that I'd want to use with MasterPass issuers, even if they were Visa. There's a full list at https://masterpass.com/en-us/featured-issuers.html. My focus is Amex SPG for unbonused spend and CitiDC when I'm not using other 5x VGC options.
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Old May 22, 18, 9:10 am
  #131  
 
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Originally Posted by RedSun View Post
2.5% fee is the highest fee we all can see. But if you have no other ways to MS, then just eat the fees.
But thereís no fee on payments up to $500 right now, and if you have a payment >$500 you can even split into multiple $500 payments.
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Old May 24, 18, 1:55 am
  #132  
 
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Originally Posted by RedSun View Post
$500 is close to useless.
I'll only use Plastiq if I'll have to complete some SUBs quickly. Its 2.5% fee is very high. It is not good for normal MSing. I'll keep the MS fee at 1% and no more than 1.5%.
And we rarely see Plastiq promotions. They want to get the most they can. I've been trying to stay away from them.
Well, this is going to be interesting. I just scheduled $4k worth of payments to a handful of vendors (one of them was $1700 so I did 500+500+500+200).

For work we've got vendors that are "paper check only" so I really wonder how many can be pushed thru before they put the brakes on. Also got the car, and house payments so maybe there will be a lot of TYP coming in the next few months
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Old May 24, 18, 7:31 am
  #133  
 
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New DP: BofA Premium Rewards Visa successfully posted as purchase. Paid rent to my landlord.
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Old May 25, 18, 2:39 pm
  #134  
 
Join Date: Mar 2015
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Got an email from Plastiq this morning. If the Masterpass promotion is worth it to you, might want to jump on it immediately.

Due to the high demand for our latest promotion, conducted in partnership with Mastercard, we wanted to give you advance notice of an upcoming update. Starting June 1, 2018, the promotion will apply to any bill or invoice, up to a maximum of $250 each, instead of $500.*

If youíve already scheduled payments with this promotion, we will still honor the promotional fee applied to those payments. But please note that editing these scheduled payments will result in a loss of the promotional fee.

If you havenít taken advantage of this promotion yet, this is your time to do so! Donít forget to make sure the payment is delivered by September 30, 2018 to qualify.

Please reach out to us if you have any questions.

Best,
The Plastiq Team
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Old May 25, 18, 7:55 pm
  #135  
 
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The fee-free delivery date does not seem to be Sep 30. I was just able to schedule a fee free payment on October 11th.
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