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Plastiq for rent, tuition, utilities, etc.(2018 onwards)

Old Jan 1, 2018, 10:40 am
FlyerTalk Forums Expert How-Tos and Guides
Last edit by: ericdabbs
Updated Dec-2023 (Plastiq Policy URL links do not work when clicked directly from FT. Copy links to address bar to view)
Visa Card Policy
https://support.plastiq.com/s/article/Visa-Card-Policy

American Express Card Policy
https://support.plastiq.com/s/article/American-Express-Card-Policy

Summary of Supported Payments by Card Brand
https://support.plastiq.com/s/article/supported-payments-by-card-brand

Official word from Plastiq regarding Visa Business cards that was asked which was previously thought it applied to only Visa Personal cards
Plastiq is unable to support mortgage payments on any Visa credit cards. This is an industry-wide mandate that affects all third-party bill payment services. Please note that mortgage payments are also unsupported for credit cards issued by U.S. Bank or Capital One and AMEX.

Plastiq Fees:
Standard Plastiq card payment processing fee is 2.9%. This puts most of the credit cards out of the reward range. Plastiq turns itself into a niche position to earn new card bonus or status threshold. Some CCs may still work.
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.


Delivery Fees (The Plastiq Ch. 11 restructure now added some delivery fees):
ACH/EFT/Electronic $0.99
Paper Check $1.49
Wire Transfer: Domestic/International $8.99/$39

This is the thread for 2018 and forward. 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 Referrals:
Standard Referral: When you refer your friend to Plastiq, after your friend charges $500 or more, your friend will get $500 ($0?) FFDs (fee free dollar) and you'll receive $1,000 ($100) FFDs to spend.

All personal prepaid Gift Cards (GCs) are disallowed. Not sure what "business" gift card can be used.

Successful Credit Cards Used (Posted as Purchase, Visa info outdated)
Note that Plastiq no longer accepts American Express for any transactions as of 2/10/23.
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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Plastiq for rent, tuition, utilities, etc.(2018 onwards)

Old Jan 1, 2018, 9:34 am
  #1  
Original Poster
 
Join Date: May 2017
Posts: 21
Plastiq for rent, tuition, utilities, etc.(2018 onwards)

For additional DP: Plastiq no longer accepts my AMEX for my VW or Chrysler auto payments which they did put to last month.
Whorne is offline  
Old Jan 1, 2018, 6:10 pm
  #2  
 
Join Date: Nov 2017
Programs: Chase and American Express
Posts: 260
hey guys just discovered this thread well the old one. how do you guys know if your going to qualify for 3x points for rent or other bills. For example I pay 4k a month in rent and about 40 to 50k a month to a certain vendor of ours for products that we resell. These are practically the only 2 expenses i have that I havent figured out how to pay with credit cards and make it worth while.

I have the chase freedom unlimited and reserve card but still lose $125 with the 2.5% fee that plastiq charges so it doesnt seem worthwhile to pursue unless these expenses were somehow categorized as a bonus category in one of my credit cards. I also have chase ink preferred and plus and amex gold and blue for business plus and regular. Any advice would be much appreciated.

Thanks
fbcooper is offline  
Old Jan 1, 2018, 6:28 pm
  #3  
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Originally Posted by fbcooper
hey guys just discovered this thread well the old one. how do you guys know if your going to qualify for 3x points for rent or other bills. For example I pay 4k a month in rent and about 40 to 50k a month to a certain vendor of ours for products that we resell. These are practically the only 2 expenses i have that I havent figured out how to pay with credit cards and make it worth while.

I have the chase freedom unlimited and reserve card but still lose $125 with the 2.5% fee that plastiq charges so it doesnt seem worthwhile to pursue unless these expenses were somehow categorized as a bonus category in one of my credit cards. I also have chase ink preferred and plus and amex gold and blue for business plus and regular. Any advice would be much appreciated.

Thanks
If I'm not mistaken, the 3x is only Citi AT&T Access More cards (which I'm not sure if you can apply for these days outright), which gives 3x on many "online" purchases, and those are the only cards (and TYP the only point program) that I'm aware of that have a bonus on the "online" category.

In general, it depends on how the payment to a specific merchant codes using the card type (Visa/MC vs Amex) that you use. In some cases, only you can determine that with a test payment. If it codes as a category that's a bonus for one of your cards, then there's high likelihood it'll earn that category bonus. If it codes as a category which is not a bonus on any of your cards, then there's extremely little likelihood that it'll earn any category bonus.

The other way to make 2.5% pay off is to use a card which earns points that you value at much more than 1c per point. For example, if you value Amex Membership Rewards points at 1.5c per point because of how use them (transferring to an airline where you use them for high-value redemptions, for example), then using Blue for Business Plus (which earn 2x MR points would break even, beucase 2 x 1.5 = 3%. Similarly, if you value UR points at 2 cents per point or more, then the same thing applies for Chase Freedom Unlimited, since 1.5 x 2 = 3% also. But if you use Amex MR or Chase UR at a poorer value, then you can't break even with either of those cards.

Other than all that (if and when it still works), the main way to have 2.5% be worthwhile is if you are doing the payment to satisfy a credit card signup bonus which you would have trouble completing (in the time you need to complete it, or in a shorter time that you wish to complete it) without using Plastiq.

But that means it's more suitable for churning that normal MSing (with a card you have and keep), unless you're using a points program where you value the points at well over 1c per point.
sdsearch is offline  
Old Jan 1, 2018, 8:06 pm
  #4  
 
Join Date: Nov 2017
Programs: Chase and American Express
Posts: 260
Originally Posted by sdsearch
If I'm not mistaken, the 3x is only Citi AT&T Access More cards (which I'm not sure if you can apply for these days outright), which gives 3x on many "online" purchases, and those are the only cards (and TYP the only point program) that I'm aware of that have a bonus on the "online" category.

In general, it depends on how the payment to a specific merchant codes using the card type (Visa/MC vs Amex) that you use. In some cases, only you can determine that with a test payment. If it codes as a category that's a bonus for one of your cards, then there's high likelihood it'll earn that category bonus. If it codes as a category which is not a bonus on any of your cards, then there's extremely little likelihood that it'll earn any category bonus.

The other way to make 2.5% pay off is to use a card which earns points that you value at much more than 1c per point. For example, if you value Amex Membership Rewards points at 1.5c per point because of how use them (transferring to an airline where you use them for high-value redemptions, for example), then using Blue for Business Plus (which earn 2x MR points would break even, beucase 2 x 1.5 = 3%. Similarly, if you value UR points at 2 cents per point or more, then the same thing applies for Chase Freedom Unlimited, since 1.5 x 2 = 3% also. But if you use Amex MR or Chase UR at a poorer value, then you can't break even with either of those cards.

Other than all that (if and when it still works), the main way to have 2.5% be worthwhile is if you are doing the payment to satisfy a credit card signup bonus which you would have trouble completing (in the time you need to complete it, or in a shorter time that you wish to complete it) without using Plastiq.

But that means it's more suitable for churning that normal MSing (with a card you have and keep), unless you're using a points program where you value the points at well over 1c per point.
See I am totally new to this awards game in terms of redemption been accumulating a lot of business points these past 2 years and finally have the opportunity to travel a bit for business and pleasure and I have been reading up on the forum and multiple blogs on how to maximize my point redemption and how to earn more. So I don't really have a valuation of my own yet. I used it for two things right now an ist to lax business rt for 115k and $46.43 in taxes. The turkish airline ticket is always priced at $2.8k which makes the redemption value .024 cents. Also have an jfk to can flight that looks like i can book on ANA for 95k with asiana airlines i believe it was and 300 in taxes and fees, where the cheapest business ticket is 3k which makes the redemption value .028 cents. So in this case I guess AMEX points are worth more than .02 cents right now but I already use up my 50k 2x offer on business plus without these expenses so its still not worth I guess.

However I just discovered something, visa has a website where you can look up what your merchant is classified as. https://www.visa.com/supplierlocator/search/index.jsp#

On there my vendor is classed as FURNISHINGS / APPLIANCES OFFICE & HOME and my chase ink plus gives 5x points up 50k for office supply stores. What are the chances that I can use the card for that and get the 5x points for which there is no way in hell I ever spend 50k in office supply stores?
fbcooper is offline  
Old Jan 2, 2018, 10:24 am
  #5  
 
Join Date: Jan 2016
Location: SLC, UT
Programs: Delta Skymiles Platinu Medallion, Delta Reserve Card, IHG Spire Ambassador, Chase Sapphire Preferred
Posts: 27
Originally Posted by Whorne
For additional DP: Plastiq no longer accepts my AMEX for my VW or Chrysler auto payments which they did put to last month.
Plastiq won't accept anything on my Amex as of today (Toyota, Subaru payments, student loan, and mortgage). All of my auto pays went through last month via Amex, even my mortgage payment. I don't see how Plastiq is going to make it. I can pay my insurance and most utilities through the bill pay website, so what is the point of paying the 2.5%? Really bummed I will have a harder time meeting Skymiles minimums, especially this early in the year.

Last edited by stringcheese; Jan 2, 2018 at 10:36 am
stringcheese is offline  
Old Jan 2, 2018, 9:40 pm
  #6  
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Join Date: May 2017
Posts: 21
Originally Posted by stringcheese
Plastiq won't accept anything on my Amex as of today (Toyota, Subaru payments, student loan, and mortgage). All of my auto pays went through last month via Amex, even my mortgage payment. I don't see how Plastiq is going to make it. I can pay my insurance and most utilities through the bill pay website, so what is the point of paying the 2.5%? Really bummed I will have a harder time meeting Skymiles minimums, especially this early in the year.
Luckily my mortgage did go through as well as my son’s school apartment.

I agree that that this is getting to be a challenge to use.
Whorne is offline  
Old Jan 3, 2018, 10:53 am
  #7  
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Originally Posted by fbcooper
However I just discovered something, visa has a website where you can look up what your merchant is classified as. https://www.visa.com/supplierlocator/search/index.jsp#

On there my vendor is classed as FURNISHINGS / APPLIANCES OFFICE & HOME and my chase ink plus gives 5x points up 50k for office supply stores. What are the chances that I can use the card for that and get the 5x points for which there is no way in hell I ever spend 50k in office supply stores?
I have my doubt that it would count (office supply stores are typically stores that sell paper, toner, ink, packing supplies, etc, etc), but I think the only real way to know is to do a test purchase and see whether it earns 5x or 1x.

Meanwhile, if you looked up that vendor there, doesn't that mean they accept credit cards directly? I don't see why in the world a vendor would be listed there if they didn't! So you may want to research further to see if there's any way to pay that vendor by credit card without using Plastiq (and thus without having to pay the 2.5% fee).
sdsearch is offline  
Old Jan 3, 2018, 7:26 pm
  #8  
 
Join Date: Aug 2013
Location: MAD
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Posts: 38
AMEX not accepted on Plastiq

Originally Posted by stringcheese
Plastiq won't accept anything on my Amex as of today (Toyota, Subaru payments, student loan, and mortgage). All of my auto pays went through last month via Amex, even my mortgage payment. I don't see how Plastiq is going to make it. I can pay my insurance and most utilities through the bill pay website, so what is the point of paying the 2.5%? Really bummed I will have a harder time meeting Skymiles minimums, especially this early in the year.
I'm having the same issue as well with AMEX declined as a form of payment for car, student loan, and mortgage. I guess I'm lucky the December payments went through without issue.

What I don't like is the lack of notification until trying to process the payment.
maatschappij is offline  
Old Jan 3, 2018, 8:24 pm
  #9  
 
Join Date: Nov 2017
Programs: Chase and American Express
Posts: 260
Originally Posted by sdsearch
I have my doubt that it would count (office supply stores are typically stores that sell paper, toner, ink, packing supplies, etc, etc), but I think the only real way to know is to do a test purchase and see whether it earns 5x or 1x.

Meanwhile, if you looked up that vendor there, doesn't that mean they accept credit cards directly? I don't see why in the world a vendor would be listed there if they didn't! So you may want to research further to see if there's any way to pay that vendor by credit card without using Plastiq (and thus without having to pay the 2.5% fee).
They do but they charge a %3 fee for credit cards. I am gonna do a test payment like you said and hope for the best.
fbcooper is offline  
Old Jan 3, 2018, 11:46 pm
  #10  
 
Join Date: Sep 2012
Posts: 4,431
I made my 3 scheduled mortgage payments in late 2017. I’ll let FT know when I receive my check for 1%.
DaveInLA is offline  
Old Jan 4, 2018, 12:13 am
  #11  
 
Join Date: Jul 2009
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Is anyone having issues with incorrectly being charged 2.5% on debit card transactions? I thought the fee was only 1% for debit cards.
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Old Jan 6, 2018, 10:33 am
  #12  
 
Join Date: Jul 2011
Posts: 130
Originally Posted by DaveInLA
I made my 3 scheduled mortgage payments in late 2017. I’ll let FT know when I receive my check for 1%.
I received an email yesterday that said the check was "in the mail".
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Old Jan 7, 2018, 6:33 pm
  #13  
 
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Originally Posted by Ops5
I received an email yesterday that said the check was "in the mail".
Same here. Although I received two: the first one said "Your check in the amount of $[amount]" and then the second that showed the actual amount.
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Old Jan 22, 2018, 5:57 am
  #14  
 
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So I just paid a shipping related company using plastiq on ATT access more card and it codes as this: "Services - UTILITIES-ELECTRIC,GAS,SANITARY,WATER" what are the chances this will come out as bonus 3x and is there a way to find this out before the bill cycles?
buylowsellhigh is offline  
Old Jan 22, 2018, 11:28 am
  #15  
 
Join Date: Dec 2004
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Posts: 1,158
Originally Posted by buylowsellhigh
So I just paid a shipping related company using plastiq on ATT access more card and it codes as this: "Services - UTILITIES-ELECTRIC,GAS,SANITARY,WATER" what are the chances this will come out as bonus 3x and is there a way to find this out before the bill cycles?
It's coding as utilities, so close to zero. No way to check beforehand.
milypan is offline  

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