Complete guide to Plastiq credit card payments

Plastiq is an online bill payment service that lets you pay almost all of your bills by credit card.  This can be a great way to reach spend targets for new credit card signup bonuses.  Unlike a few similar services, Plastiq is not limited to billers in their database.  Plastiq can be used to pay nearly any biller in the US. or Canada.  Payees not in their database are paid by check.

The catch?  A fee is charged to the payer (not the payee) for each payment.

plastiq-home-page

Quick info

  • Standard credit card fee:  2.5%, but lower promotional rates are sometimes available.
  • Standard debit card fee: 1%. Unfortunately, gift cards and prepaid cards are treated as credit cards.
  • Visa, MasterCard, Discover, and Amex cards are accepted
  • Credit card payments count as purchases, not as cash advances (Note: As of 10/19/16 Visa payments where the payee has no relationship with Plastiq may be put through as a cash advance. If you don’t get a warning, then you’re fine. More info here.)
  • Amex gift cards, and Visa and MasterCard gift cards are accepted.  Plastiq sometimes imposes a limit on the number of gift cards that can be used per month, but this seems to happen only to particular users.
  • Plastiq sometimes requires proof that you are paying a legitimate expense. They may ask you to email an invoice, for example.
  • Plastiq does not submit tax forms on behalf of customers or payees
  • Some people have asked if they can have checks that are addressed to others sent to their own house so that they can submit the check with a payment stub or so they can hand the check to the payee directly.  Plastiq does not allow this.

What Works? What Doesn’t?

* In rare cases with lesser known banks, mortgage payments have been known to process despite this rule.

** You can avoid cash advance warnings by making an initial payment to this recipient with a different type of credit card. Future Visa payments will then be OK.  For more details see: How to dodge Plastiq cash advance fees.

*** Amex payments are limited to the following industries:

  • For Recipients in the United States, the use of American Express cards is permitted for the following industries: Government, Utilities, Education, Residential Rent and Club Fees and Memberships.
  • For Recipients in Canada, the use of American Express cards is permitted for the following industries: Government, Utilities, School, School K-12 and Residential Rent.
Caution: Plastiq has announced a temporary change to the way Visa credit cards are handled:
  1. Payments using personal Visa cards issued by Chase will be subject to a lower limit of 20% of your credit limit.
  2. Payments using personal Visa cards from other issuers (other than Capital One) will code as a cash advance. That means you’d incur cash advance fees and wouldn’t earn any credit card rewards.
  3. The following types of Visa cards are not affected by these changes: Capital One personal Visa cards, Visa business credit cards, Visa corporate, debit and prepaid gift cards.
Full details about Plastiq can be found here: Complete Guide to Plastiq credit card payments.

Referral Program

If you are new to Plastiq and you sign up through a friend-referral, you’ll earn 500 Fee-Free dollars (FFDs) once you’ve paid $500 worth of bills with Plastiq.  FFDs are used to make payments without fees. 500 Fee-Free dollars means that you can pay $500 worth of bills for free (so 500 FFDs are worth 2.5% of $500 = $12.50).

The deal gets even better when you refer friends.  For every person who registers with Plastiq via your referral link, you’ll get 1000 FFDs (worth $25) and that person will get 500 FFDs once they’ve paid $500 worth of bills with Plastiq.

If you’re new to Plastiq, consider using my referral link with my thanks: plastiq.com/frequentmiler.

Is Plastiq reliable?

I’ve made many bill payments through Plastiq and haven’t had any serious problems. In my experience, payments are typically delivered in about a week, but sometimes take as long as 2 weeks.

However, quite a few readers have reported problems with Plastiq.  Reported issues include:

  • Errors when trying to make payments (Note: this happened to me when I tried to schedule a recurring payment with a new payment source. After I made a single immediate payment, the problem cleared up)
  • Extremely long payment delivery times
  • Extremely long wait for a returned payment to be re-credited (Note: I had one cancelled payment which was re-credited immediately so YMMV)
  • Requirement to send rental agreement or invoice to Plastiq support when paying individuals

If you plan to try out Plastiq, I highly recommend submitting payments far in advance of their due date until you get a better idea of how long those payments take to process by Plastiq and by the payee.

Reasons to consider paying bills with Plastiq

Since Plastiq charges a fee for credit card payments, I wouldn’t recommend using Plastiq to pay bills that can already be paid by credit card with no fee.  For those bills that can’t already be paid by credit card, though, there are a number of reasons to consider Plastiq:

  • Easy way to meet credit card bonus minimum spend requirements.  See: Best credit card offers.
  • Earn credit card rewards.  It is ideal to use Plastiq when the value of your credit card rewards outweigh Plastiq’s fee.  See: Best rewards for everyday spend.
  • Earn credit card “big spend” bonuses (bonus points, free nights, companion tickets, elite status, etc.).  See: Best Big Spend Bonuses.
  • Some credit cards and debit cards offer rewards for frequent use. One example is the Amex Everyday Preferred card that offers a 50% bonus for every billing cycle in which you make 30 eligible charges.  Plastiq can be used, for example, to make weekly payments to a variety of payees in order to help increase your per month charges.
  • Convenient to consolidate all bill payments to a single service and/or credit card.
  • It is safer to pay by credit card for services or goods not yet fully delivered because it gives you the ability to initiate a credit card chargeback if the payee doesn’t deliver as promised.
  • Plastiq makes it possible to pay bills when you do not have the cash readily available. While it is never a good idea to go into credit card debt, paying by credit card can give you more time to get the required funds.

Example Payments

Almost any business or person in any industry and for any amount can be paid on Plastiq so long as there is a good/service being provided. This list should give you some ideas, but please check against the chart above to see which credit card types allow each type of payment:

  • Car payments (monthly leases)
  • Rent
  • Mortgage (NOTE: Amex and Visa credit cards cannot be used to make mortgage payments)
  • Taxes
  • Tuition
  • Condo fees
  • Insurance
  • Contractors
  • Nannies, babysitters
  • Landscapers
  • Purchase car, boat
  • Professional services: Law firms, Accounting firms, PR agencies, etc.
  • Sports clubs/country clubs/social clubs

Special notes:

  • Payments to individuals are allowed in exchange for goods and/or services but you may need to supply an invoice to Plastiq to get the payment through
  • Payments from outside of the US/Canada are allowed as long as recipient is in US/Canada

Payments not allowed

  • Payments to credit cards
  • Payments to self
  • Payments to friends or relatives*
  • Payments to recipients outside Canada and US (note, the sender can be from outside Canada and US, just not the recipient)
  • Payments to savings accounts, trust accounts, retirement accounts, health savings accounts, or similar
  • Payments to 529 Education Savings Programs
  • You may not send payments to your own address so that you can include your bill’s pay stub when you send in the check.  Instead, put your account number and other relevant info into Plastiq’s memo field.
  • Mortgage payments cannot be made with Amex or Visa credit cards (MasterCard, Discover, and even Visa debit cards are fine, though)

It is in Plastiq’s discretion to refund or void any payments like those above that are not allowed.

* Paying friends or relatives is not allowed unless friends/relatives provide truly billable services.  For example, if your uncle is your landlord, you could pay rent to your uncle through Plastiq.

Official details of what is allowed can be found in Plastiq’s terms of service section 4.1.

Businesses

Businesses can use Plastiq for many purposes, such as:

  • Paying vendors and suppliers
  • Paying employees and contractors

I believe that bill payment fees are legitimate business expenses that will reduce your businesses taxable profits.  So, the net cost to your business, after taxes, will be less than Plastiq’s fee.  Note: I am not an accountant so you should not take this as professional advice.

Paying Taxes

Plastiq can be used to pay federal or state taxes.  To do so:

  1. Go to Plastiq’s US tax page.
  2. Select whether you are paying federal or state taxes, and which state you are from.
  3. Pick the type of tax you’d like to pay.
  4. Click “Pay my taxes” and sign into your account.

Note that for federal taxes there are other options for paying with credit and debit cards with lower fees.  See: Complete guide to paying taxes via credit card, debit card, or gift card.

Gift cards

Visa, MasterCard, and Amex gift cards are allowed. To use a gift card, simply add it as a new payment card, then select it as your payment source when paying a bill.

Plastiq understands that gift cards may be added and removed from the system frequently. It is possible, though, that their risk team will contact you for information about what you’re doing. As long as you answer honestly it shouldn’t be a problem.  For example, it is fine to say that you bought the gift cards at a discount, or that you earned cash back through a portal, or that you earned extra rewards by buying gift cards at an office supply store, etc.

In my experience, Plastiq does not put a $1 hold on your gift card when you add it to the system, so it is easy to use up the entire value of a gift card at once.

UPDATE 7/5/2016: Two separate readers have reported that Plastiq had imposed a monthly limit on the number of gift cards they could use. Plastiq tells me that this limit is not universal.  This restriction is only in place in certain situations.

How long does a payment take to be delivered?

In my experience, payments usually take about a week, but two weeks is not unusual.  Keep in mind that the payee who receives the payment may take even longer to process the payment, so it is important to have payments sent well in advance of their due date.

Last updated on June 4th, 2018

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Steve
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Steve

Just came across this very useful post and discussion. Thanks!

FYI – and especially if you have any insight into this situation – Plastiq is currently running a questionable 2X promotion with American Express membership rewards. Here is the language from the email I received:

“Now you can earn 2x rewards when you use Plastiq and your American Express card!

Earn 1 additional Membership Rewards point for each dollar spent through Plastiq. Enroll now to earn more points. Offer is available through 12/31/16.”

I call this questionable, however, because when I spoke with both Amex Membership Rewards and with Amex Customer Service for my Amex Everyday Preferred card (which awards MR points today), neither representative could find any record of this Plastiq offer. (Plastiq provides no code to reference in tracking down the offer.)

You can find the offer at this link: https://www.plastiq.com/blog/2016/10/promotion-earn-double-the-amex-rewards-when-you-pay-through-plastiq/

Again, if you can shed any light on this, that would be great. But at the very least, I wanted to provide this info for your and your readers’ information. Thanks.

Meg
Guest
Meg

It’s not a Plastiq promotion. It’s an AMEX SMALL BUSINESS offer. Use your amex at a small business and get double the points. Plastiq, I guess, is considered a small business. I paid my mortgage with my SPG Amex last week, I will report back if I get double SPG points.

Steve
Guest
Steve

Hi Meg,

Thanks, but I know the small business offer to which you’re referring. The one I referenced is a different offer. It’s not limited to small business, and in fact explicitly says this at the link I provided above.

“This means that you get double the rewards when you pay your rent or mortgage, tuition, property taxes, auto loan, and anything else you can think of, so long as you do it through Plastiq.”

I just called Amex customer service about this, using the number for my Everyday Preferred card, which provides Membership Rewards points. Yet again, I was told there is no record of any such offer from Plastiq. That’s now three Amex reps, from both customer service and Membership Rewards itself, who have told me this. This seems increasingly suspicious to me.

Meg
Guest
Meg

You are paying plastiq – that is the small business. It’s not a plastiq promotion, it is a amex small business promotion. That’s why the Amex reps don’t know plastiq. If you tell them that plastiq is a small business, they will understand.

i just paid my daughter’s college bill, using plastiq and my SPG Amex. I will get the double points for my SPG.

Nick
Guest
Nick

I have the same understanding as Meg that this is an AMEX promo, and that you’d get double the normal reward for shopping at a “small business” (if processed by Dec 31).

That said, we are relying on Plastiq to be categorized by AMEX as a “small business” (which I’d assume is the case since Plastiq is promoting it), AND you have to register your card with AMEX for this offer:
https://www.americanexpress.com/us/content/shop-small-offer/personal-cards/?intlink=us-loy-shopsmalloffer-routerpage-consumercard

One caveat: This offer may be limited to US account holders, as I haven’t been able to find a similar registration page for my Canadian SPG AMEX card.

Shawn
Guest
Shawn

Can you use Vanilla Visa gift cards to pay your bills?
Or are they not accepted, like by Walmart?

savemesf
Guest
savemesf

I set up a new payment today using Mastercard and the rate for Mastercard is now back to the standard 2.5% (confirmed by Plastiq customer service)

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[…] See:Complete guide to Plastiq credit card payments. […]

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[…] For more about Plastiq, please see our Complete guide to Plastiq credit card payments. […]

Liz
Guest
Liz

Greg, I am not familiar at all with Plastic, but now I will research it. But before I invest time in it can you answer a simple question? Would I be able to pay my monthly health insurance premium with it?They used to accept credit card payments, but now they only accept only debit cards or direct bank transfers. I used to get lots of miles/points when I was able to pay my monthly premium by credit card, but now that that option is lost I wonder if by paying via Plastic I can still earn points/miles on my credit card.

Leighanna
Guest
Leighanna

I’m thinking about putting a large estimated state tax payment on my Chase SW card so I can get the companion pass first week of January as opposed to spending that extra 10k over the next couple of months. Plastiq is 2.5% vs the tax commission which is 3%. I’m wondering if the charges post to your cc account like normal (within a day or so), or if they stay pending until the check clears? Regardless of when the check gets there, I need the points to post before the 28th so if there’s a possibility it could take a few weeks for a check to get there/clear for posted charges I probably will use the tax commission. Thanks!

Tony
Guest
Tony

Just used your referral code. Thanks for your blog.

TY
Guest
TY

I sent a payment through Plastiq for my mortgage payment. I got a notice from Plastiq saying the check has been sent about 2 weeks ago, and my credit card has been charged. However, up to this point, the check is either not received or not cashed. The payment status on Plastiq is “sent” but not “complete”. I had to make another online payment today because it is already the due day. My question is what if my mortgage company never receives the check, will plastiq refund me? Will there be a fee? I am going to call Plastiq, but just want to know if anyone had similar experiences.

jason scott
Guest
jason scott

TY, did your check get cashed from the bank? please answer ASAP. thanks

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[…] Pay Up (pay bills via Plastiq with a 2.5% fee) […]

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[…] #3 Complete Guide to Plastiq Credit Card Payments […]

DanielleD
Guest
DanielleD

Has anyone used the Fidelity Amex Card, and then put the money into their Roth?
I’d like to pay student loans and then put the money in the retirement fund?

Helena
Guest
Helena

Hello!
I’m new user of Plastiq.
I’d like to use it to pay a friend for her personal services (personal trainer). She has no business registered. Would you guys suggest me how to make n invoice for a case like this?
Appreciate it!

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[…] Payments to savings accounts, trust accounts, retirement accounts, health savings accounts, or simil… […]

deltrave
Guest
deltrave

Great post. I have a monthly rent payment of about 2.5K. Will Plastiq have an issue if I make a payment of 5K on my amex business plat card in order to also get 1.5x MR points?

In general, do apartment management companies have an issue with pre-payments? I suppose it will simply reflect as a credit in the next statement?

Sam
Guest
Sam

To answer your question on Plastiq…

Plastiq will not have any issue. I paid 3 months of mortgage using Plastiq to get 2x shop small offer from AMEX in Dec ’16.

Helena
Guest
Helena

About prepaying rent. In my case Plastiq did have problem with it. Me lease is 1050$, so I made 2 payments or 2100$ to prepay it for 4 month and therefore meet spending requirements on SPG Amex card. They asked for supporting documents, so I sent my lease agreement.
The msg I got:
“Thank you for providing that, we do not support the prepayment of rent but will accept one of these payments. The second one has been canceled and refunded.”
Yep(

Patrick
Guest
Patrick

The flip side is that I have used plastiq for a long time and have had no issues. They will occasionally ask me to send a screenshot of the pending credit card charge but that’s about it. Wells Fargo now accepts plastiq, so payments get sent electronically.

Welly
Guest
Welly

How do you add wells fargo to send electronically ? when I tried to add “wells fargo” it asked me for where the check should be mailed

Cindi Anderson
Guest
Cindi Anderson

That’s interesting because I pre-paid 5 months of mortgage payments at the end of the year through Plastiq.

Peter
Guest
Peter

I suppose one needs to allow 2 to 2 and a half weeks from payment request to receipt of funds when Plastiq sends by check. Plastiq provides obviously false status information about when a check is mailed. No payment I have made has ever been received by the “guaranteed delivery date.” Lateness is always blamed on USPS. Checks are valid only for 30 days. Plastiq will not process a refund automatically–even if the check is no longer valid to be cashed. One must endure their nearly unbearable and smarmy customer service in order to request a refund.

mike
Guest
mike

Anyone ever have their payment cancelled if the name and billing address don’t match up with the name and property address on the account for the mortgage (because it’s for someone else)?

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[…] readers have already posted referral links to this offer here.  Please also check the comments of this post for additional referral […]

Frank
Guest
Frank

Does this include IRS payments via Pay1040?

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[…] Plastiq is out with a new promotion today that  offers the opportunity for everyone to earn double fee-free dollars. According to a rep from Plastiq, this will work with existing referral codes. I’d check your account for the code to be safe. See our Complete Guide to Plastiq credit card payments for detailed information about using Plastiq. […]

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[…] The Plastiq bill payment service accepts credit cards for almost any type of payment.  Plastiq can be used to pay your mortgage, rent, tuition, contractors, baby sitters, and much more.  You cannot use Plastiq, however, to pay your credit card bill or to pay yourself.  A more complete list of accepted and not-accepted types of bill payments can be found here: Complete guide to Plastiq credit card payments. […]

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[…] Payments to savings accounts, trust accounts, retirement accounts, health savings accounts, or simil… […]

Randy
Guest
Randy

My sis is a victim of identity theft. She wants to know if they do a credit check – and if you have to add your SS# to the account.

Elinor
Guest
Elinor

I am using Plastiq to fulfill my SPG $5k minimum spend. I have made a series of $20 payments on a few of our family member’s accounts to get the FFDs. Plastiq charged me $20.50 which I understand, but I noticed that American Express seems to charge a $1 fee for each transaction I’m making with Plastiq. Has anyone else experienced this?

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[…] more information on using Plastiq to make tax payments, see our Complete Guide to Plastiq Credit Card Payments. Additionally, see our Complete Guide to Paying Taxes via Credit Card, 2017 edition for more […]

J. Brown
Guest
J. Brown

Plastiq isn’t reliable! Yesterday’s VCG payment FAILED to WELLS FARGO MORTGAGE. Here’s the email I received…

Scheduled Payment Failed

We’re very sorry, but we’re experiencing problems processing your $200.00 scheduled card payment to WELLS FARGO HOME MORTGAGE on your Visa ending in XXXX

We recommend double checking your provided card information and calling your issuing bank to ensure that they have approved the charge.

So I called the number on back of card and they said all merchant transactions with Plastiq have been suspended. No further details were provided.

Dani Lynn
Guest
Dani Lynn

A friend paid a chase credit card bill. Whats going to happen?

trackback

[…] for new users and $1,000 in fee-free payments to the person making the referral. Read our Complete Guide to Plastiq credit card payments for more information about using this service to earn […]

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[…] Payments to savings accounts, trust accounts, retirement accounts, health savings accounts, or simil… […]

Rex
Guest
Rex

Do you know if rent payment on Citi Thank You Premier count a travel 3xpoints ? thanks!

jim
Guest
jim

any CA fee on Amex Hilton card for paying mortgage? Will Amex shut down my card? Thinking of applying for that card but I have no other ways to meet the $3k spend req.

Michael Joseph
Guest
Michael Joseph

Be cautious on the referral program. I referred a friend who signed up and I received $800 FFD (Fee Free Dollars). They don’t tell you that they don’t remove them automatically and I already had recurring payments set up with Fees of $51 each and customer support says they do not credit any fees back and that you have to “request” each fee to be removed manually before it is sent. When I went into the next payment scheduled to check this out I clicked the button that says Apply FFD’s and when I hit it, it only took $20 off and then stated you have now used 800 of your 800 FFD’s.
What a joke. You would think that the whole point of “Referrals” is to recommend to others and this is absolutely the opposite of that.

Meng
Guest
Meng

I used my SPG Amex card to pay for tuition bill via Plastiq. But they charged me additional .5% fee because my card is not issued in US. I’m pretty sure it is issued in US and I am convinced from Amex so. Plastiq told me it is the the country of card issuance that determines interchange rates/processing costs. It was determined that this is a non-US issued Card per data they have directly from American Express. Has anyone else experienced this?

Meng
Guest
Meng

That transaction failed and I tried to make a new payment. It became normal with 2.5% fee.

Macro
Guest
Macro

Plastiq seems to charge 3% fee for my Amex credit card. Website FAQ still says 2.5%. Do you have the same issue?

Macro
Guest
Macro

My Amex Card is issued in US

Tom Jones
Guest
Tom Jones

When I tried to use a prepaid visa card on Plastiq, I was charged 3% and not 2.5%. I cannot find ANY info that explains why it is the higher amount. Anyone have any ideas?

Karla
Guest
Karla

I just tried to use prepaid VISA gift cards to pay a car payment and they were declined. I thought it was because I didn’t have them registered, so I registered them and tried again. Again, declined. I called the gift card company and they confirmed that VISA declined the payment both times, that VISA doesn’t have a merchant agreement with Plastiq any longer.

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[…] paid by credit card?  Plastiq is a service that lets you pay almost any bill via credit card (see: Complete guide to Plastiq credit card payments).  They charge a 2.5% fee for this service and, in most cases, they send a check to your […]

ST
Guest
ST

Greg,

Just thought I let you know… CSR is no longer coding my payment to mortgage (tx date – june 4th, post date – june 5h) as travel… no more 3x points. just the usual 1x.

Bit of a costly mistake, as I just made a big payment (:-

Had fun while it lasted !

CubsGirl
Guest
CubsGirl

Just checked mine.

Transaction date 6/3 post 6/4 and 1x for payment on CSR. Worked just fine on a payment two weeks ago.

Had a short but nice run!

Marcus Arvellos
Guest
Marcus Arvellos

What is CSR ?

Tom
Guest
Tom

Chase Sapphire Reserve

trackback

[…] that the 3X deal may be dead.  For transactions issued as early as June 3rd (and posted June 4th), readers have reported to us that they got only 1X rewards with the Chase Sapphire Reserve despite having earned 3X on previous […]

Angie
Guest
Angie

Does plastiq send out emails notifying you your check has been cashed? Radpad does that. Thanks.

Tom
Guest
Tom

Yep, I just got one yesterday telling me mine was cashed. Also, if you check your account, it will show the payment as being “completed” only after the check is cashed.

trackback

[…] updated the Complete Guide to Plastiq with this new […]

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[…] He can spend $5,000 per month on credit cards through regular use and by using a service like Plastiq to pay his bills.  His Experian credit score is 789 and his TransUnion and Equifax scores […]

Snobowler
Guest
Snobowler

Is it possible to combine several VGC into a single mortgage payment or do I need to process each VGC as an individual payment totaling up to my mortgage payment amount?

trackback

[…] for a contractor or utilities) could always use Plastiq to help meet the required spend. See our Complete Guide to Plastiq payments for more […]

trackback

[…] Ben lives in a retirement village where he is billed about $5K monthly for his rent and other services.  In one fell swoop, he knocked out the $5K minimum spend requirement for the Ink Business Preferred card by paying this bill via the Plastiq bill pay service. […]

Rob
Guest
Rob

My question is along the same lines as Snoblower’s above. My mortgage is 4k and I was going to use $500 MCGC’s to pay through plastiq, but then realized that means doing this 8 times a month and got concerned they would limit how many GC’s I could use in the future, like the 2 readers you referred to above who had limits placed on them. Wondering if you could share what level of volume those 2 readers were doing that got them limited and if you think 8 a month would get me limited?

frugalman
Guest
frugalman

I have to spend about $10K for credit card sign up bonus. I am planning to meet that by paying my mortgage (about 2.5k/month) via plastiq. I don’t like to pay separately over a long period, but pay all the mortgage installments roughly at the same time. To be specific, now it is August. I would like to pay my Sep, Oct, Nov, Dec installments all together (so my next due will be in Jan 2018 after these four). Would that be enough to mark in the memo area that the payment is for a specific month? Did anyone have success to make mortgage payments in advance? Any tips? Don’t want it to go wrong. My mortgage bank is loanDepot, probably few people have heard of.

Nick Reyes
Editor

You need to contact your mortgage company and ask this question. I wouldn’t take anybody else’s word for it as to how they apply a payment beyond your monthly mortgage payment. Tell them exactly what you want to do, you want to send them a check for $10,000 in September, and ask them how it will be applied to your mortgage. Tell them you want to know if that means your next payment won’t be due until January 2018, and make sure that you get that answer. Personally, I’d email it so I’d have it in writing. You don’t want to have any misunderstanding and end up with a late payment on your credit report. I probably err on the side of caution and also check in with them each month to make sure you don’t have a payment due. This isn’t impossible to do, but you’ll need to have that conversation with your mortgage company.

frugalman
Guest
frugalman

Appreciate Nick’s and JJ’s comment. I actually called my mortgage bank and was advised that by default, they will cover monthly due first and whatever left will go to principle. You need to call in to request an adjustment to have the money be counted as future monthly payments.

But thanks, Nick. I had thought about sending four separate checks. But since I have to call anyway, it is an easy way to just send out $10k check once for all.

JJ
Guest
JJ

I would also err on the side of caution and call up the mortgage company to clearly explain what is going on. Also make sure you get that documented with the person over the phone.

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[…] Payments to savings accounts, trust accounts, retirement accounts, health savings accounts, or simil… […]

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[…] Plastiq is a bill payment service that lets you pay almost any bill with a credit card for a 2.5% fee.  For an overview of Plastiq, please see: Complete guide to Plastiq credit card payments. […]

Flame
Guest
Flame

With Visa and Amex no longer working for Plastiq and high fees, i suspect plastiq as a method of MS is on the last few breaths and will die in the next few months.

Bob
Guest
Bob

Looks like, with mastercard mortgage payments earning a discounted fee
(1.5% vs. 2,5%) through the end of the year, we have until at least 31 Dec 2018 for mastercard . . .

anthonyjh21
Guest
anthonyjh21

Seeing as we had to find out from Greg and not through the courtesy of Plastiq I’d think that they’re in the [ x ] no F’s given mode right now. The rep told me:

“It’s actually a rule AmEx themselves wanted us to follow starting mid last week. They do not allow us to accept their cards for mortgage payments. ”

It’s not their fault that Amex requested Plastiq stop allowing for mortgage payments but it IS on them for not notifying us. Seriously, to find out from a blog?? What kind of business is this?

I’m personally a bit peeved because I applied for the BRG card on Thursday and I now have $5k spend that’ll actually require some work and time as opposed to just paying our mortgage for 3 months on autopilot. Had they notified me I’d of not applied.

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[…] credit card fees range from 1.87% to 2%.  You can also pay taxes with bill payment services like Plastiq, but the fees then are usually much higher (e.g. Plastiq charges 2.5% for credit card […]

Mia
Guest
Mia

My Chase Freedom Unlimited Card agreement says that making a payment through a third party service will be treated like a cash advance. Does anyone have any experience with using this card with Plastiq and if so did it code as a purchase rather than a cash advance?

Curious parent
Guest
Curious parent

Do you think it is worthwhile to spend $1500 fee to pay college tuition with plastiq using Delta Reserve Amex? I will earn 30,000 MQM miles ( to help maintain platinum status) and 60,000 sky miles . How much do you think the sky miles points really worth and whether the platinum status compare to gold medallion status ( which I am sure I can earn without using Plastiq) with Delta worth to pay 2.5% fee for Plastiq? I have been able to get a flight to Europe for 60,000 points but that at most is sbout $1000-1200 worth of ticket and wonder whether you think that the 30,000 MQM miles will offset the $300-500 extra payment.

Bob J
Guest
Bob J

Greg: I’ll be in Chicago in a couple of weeks for the FTU Expo (only). Doing my first ever mileage run to maintain American gold status (a day trip). I see you’ll be there also. What’s the best way to do a “meet and greet” and ask you a few questions?

Farley
Guest
Farley

Can someone elaborate when Plastiq charge the credit card?
Say if the rent is due on the 1st day next month and I schedule the check to be delivered by then on 10th this month. When will Plastiq charge the credit card? 10th or sometime in between?

Nick Reyes
Editor

It depends whether it’s electronic or a mailed check. For example, I pay a mortgage that is processed electronically — they charge my card on the “due” date I set. I pay a different bill by check. It charges my card 9 days before the due date.

It also sends emails to remind you. I get a reminder every month a couple of days before it charges (it reminds me that it will charge on the ___th of the month) and then an email when it has charged successfully, an email when the check has been sent, and an email when the recipient has deposited the check.

Hope that helps.

Farley
Guest
Farley

Thx. I got the idea. Likely 22nd or so in the example before the due date (just about to mail the check I assume). The timing is a really important for meeting the spending requirements in 3 months.

BTW, there is no check delivery confirmation? If that is the case, some uncertainty may still raise.

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[…] Plastiq is a bill payment service that lets you pay almost any bill with a credit card in exchange for a 2.5% fee.  Paying rent, tuition, or other big expenses through Plastiq can be a great way to meet minimum spend requirements for new credit cards. For more details about Plastiq, please see: Complete guide to Plastiq credit card payments. […]

Steven
Guest
Steven

How long does it take for the merchant to receive the payment through Plastiq once it has been deposited? I paid via electronically. Got deposited but merchant haven’t been updated

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[…] Complete guide to Plastiq credit card payments by Frequent Miler – A very helpful chart for credit card payments through Plastiq. Take a look to see what works and what doesn’t. […]

Byron
Guest

This is a very good post. I have used, and am using, Plastiq for a variety of credit card minimums. The only problem I have had was them paying my home owner association fees where it was coded as a cash advance. I had failed to code it when setting up the transaction and it defaulted to cash advance. I had a long talk with Plastiq about this. However, Chase would not budge and billed me for interest and fees.

Lesson learned: Make sure you designate the type of payment it is.

Byron
Guest

Wondering if anyone is getting 3x points with the ATT More card on Plastiq.???

Jeff
Guest
Jeff

Just getting started on this journey. Have signed up for Plastiq to pay bills I couldn’t normally pay by CC. Question though about Western Union Speedpay service.

My utility company provides a Pay by CC option on their website. However, it is serviced by Western Union Speedpay and uses a flat $2.50 fee which is less than what Plastiq would charge me for using them.

But…will the Western Union Speedpay payment to my utility company be recognized as a purchase or as a cash advance by the CC I utilize which would be a Chase Southwest Rapid Reward Plus or Premier card?

TIA.

Jeff
Guest
Jeff

So another Plastiq question…the guide mentions that “car payments (monthly leases)” are eligible to be paid via Plastiq.

How about personal loans (for an auto) at a credit union? Any experience with that type of payment?

Thanks,

Jeff

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[…] and credit card fees range from 1.87% to 1.99%.  Alternatively, you can pay taxes via the Plastiq Bill Pay service, but that will cost you more: […]

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[…] and credit card fees range from 1.87% to 1.99%. Alternatively, you can pay taxes via the Plastiq Bill Pay service, but that will cost you more: […]

Byron
Guest

Modify your chart to show that you cannot make a car payment using an AMEX card, regardless of business category. Plastiq says they even have a review team that looks at payments and kicks them out if it looks to violate AMEX terms. Said I could not pay insurance premiums with AMEX card.

Let’s see Amex will kick you for doing min. spend with MS, they will not let you make a mortgage payment with Plastiq, and no car payments either.

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[…] media sites (up to $150K spend per year).  Surprisingly, this card has been earning 3X for all Plastiq bill payments which more than offsets Plastiq’s 2.5% […]

sid
Guest
sid

i just learned about this and have setup my car payment. waiting to see what happens

Nick Reyes
Editor

It works.

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[…] Plastiq is a useful tool for paying bills with credit cards.  They do charge a 2.5% fee, but it can be worth paying that, especially if you need to complete minimum spend for a new credit card signup bonus.  See: Complete guide to Plastiq credit card payments. […]

Jim
Guest
Jim

Since I have not yet signed up for Plastiq, can anyone tell me if I pay my monthly mortgage and include extra principal, if the mortgagee will take it? How long does it take for the mortgagee to get the Plastiq payment?

Lex
Guest
Lex

I must have missed it but has PPBDC ever worked on Plastic? Just tried a test payment and it says it was “declined” and to contact issuing bank, which clearly I won’t do…

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[…] Bills: Obviously if a biller allows credit card payments, that’s a good way to go.  If not, consider using a service like Plastiq to pay bills (including things like rent, mortgage, day care, etc.).  With Plastiq you’ll […]

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[…] details about Plastiq can be found here: Complete guide to Plastiq credit card payments.  The main thing you need to know, though, is that you can’t use it to pay friends; and that […]

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[…] on American Express payments — Amex can only be used for certain types of bills (see our Complete Guide to Plastiq credit card payments for a full chart). One of those types should be government services, but I have been unsuccessful […]

Sam
Guest
Sam

A little unclear on the car loan rules vis-a-vis Amex/visa. If I PAY OFF my car loan via Plastiq, can I use Amex? A payoff is of course not the same as a loan payment. I’m trying to figure out a way to capture the 100K Amex B’ness Platinum card with it’s hefty spend.

Nick Reyes
Editor

I don’t think so because I don’t expect that your bank would fit into one of the categories that allow Amex payments:

Government, Utilities, Education, Residential Rent and Club Fees and Memberships.

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[…] advertising with social media sites (up to $150K spend per year). Note that for an unknown reason, Plastiq payments give […]

John
Guest
John

looks like it considers car payments as mortgages and does not allow visa payments

Nick Reyes
Editor

It’s not that Visa payments aren’t allowed for car payments — see the section in the middle of the post with this title:

“Caution: Plastiq has announced a temporary change to the way Visa credit cards are handled:”

Currently, personal Visa cards may code as a cash advance. Business Visa cards are fine. Plastiq reports that they are working on resolving this.

Tyler
Guest
Tyler

Are there certain types of Prepaid gift cards to buy in order to use plastiq? I have a $1500 payment coming up for a lease I am having to break. I was wanting to fund it with a plastiq check bought with gift cards in order to max out my 5x back Freedom bonus.

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[…] more information on how and why to use Plastiq, see our Complete Guide to Plastiq credit card payments. If you are new to Plastiq, consider using our Frequent Miler referral link with our […]

P-nope
Guest
P-nope

Do the Visa “Everywhere” GCs work with Plastiq?

Nick Reyes
Editor

I haven’t tried. That said, it would be pretty easy to find out. Pop one in and see. If it won’t work, it just won’t work.

P-nope
Guest
P-nope

I literally just signed up for Plastiq today. I don’t have one to test, but I should have Saturday. So, if plastiq does not let you add it as a payment, it won’t work or do you actually have to try and use it to pay?

Hsn
Guest
Hsn

If i make someone to use my referral code such as my family member, does the card has to be different or it can be used the same which i have already used.

LeoM
Guest
LeoM

Same card works. Tried it myself

Randolph
Guest
Randolph

It will not accept my pre paid Visa. I get them as promotions at work and I’ve been using prepaid2cash for a while, wanted to use this service with lower fees 🙁