Is Plastiq 3X dead?


In our last bi-monthly manufacturing spend report, we reported that Plastiq bill payments were coding as lodging when Plastiq was used to pay rent or mortgage.  The great thing about that was that credit cards that offer bonus points for travel were earning extra rewards.  Therefore, it was possible to earn 3X rewards when paying rent or mortgage with a Chase Sapphire Reserve card, Chase Ink Business Preferred card, or Citi AT&T Access More card.  See: Increase credit card spend (and get most of it back). What still works May 2017?

Unfortunately, recent evidence suggests 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 payments.

Similar data points can be found over on Doctor of Credit, and on Reddit.

One data point on Doctor of Credit shows 3X working as of June 2nd so this appears to be a very recent change.

More reports requested

If you have paid rent or mortgage through Plastiq since June 3rd, did your payment code as travel?  If not, can you confirm that the Recipient is still categorized within Plastiq with Business Type = “Rent, Mortgage, and Real Estate”?

UPDATE: Please list which card you paid and what you paid (rent or mortgage, which bank, etc.) with when reporting results.  One reader (so far) has said that the Ink Business Preferred earned 3X as recently as June 3rd (June 4th posted), but another has reported 1X.

Please enter all required fields Click to hide
Correct invalid entries Click to hide
Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

newest most voted
Inline Feedbacks
View all comments