Plastiq accepting Capital One business card payments again

A couple of months ago, Plastiq stopped taking Capital One credit cards for payments. However, in a positive change, Plastiq now once again accepts Capital One business credit cards. This is particularly good news for those facing the $50,000 spending requirement for some of their increased business credit card welcome offers.

Plastiq Visa

The Deal

  • Plastiq once again accepts Capital One business credit cards for Plastiq bill payments

Quick Thoughts

Again, this was historically no problem but it was something that unexpectedly changed a few months back. It is good to see the pendulum swing back in the other direction on this.

Unfortunately, you still won’t be able to use Capital One personal cards. Furthermore, you will still be unable to use Capital One business cards for the following types of payments:

  • Mortgage
  • Home Equity Line of Credit
  • Auto Loans
  • Student Loans

However, that still leaves things like rent, taxes, and many other types of payments.

See our Complete Guide to Plastiq credit card payments here.

For more information on the current lineup of Capital One business cards, see our dedicated card pages for each of them here:

Capital One® Spark® Miles for Business
Up to 200K "miles"
Limited time offer - earn up to 200K "miles": 50K after $5K spend in the first 3 months from account opening and an additional 150K after $50K spend in the first 6 months from account opening
(Offer Expires 1/27/2020)

No Annual Fee First Year, Then $95

Recent better offer: None. This matches the highest offer ever.

FM Mini Review: This card is basically the same as the Spark Cash for Business, but rewards are intended to be used to offset travel purchases. One big advantage over cash back: Capital One allows transfering their "miles" to airline miles at a 2 to 1.5 ratio and "miles" can be combined with other cards or other customers.


Card Type: Visa Signature

Base
Travel

Earning rate: 2X everywhere ⚬ Earn 5X miles on hotel and rental car
bookings through Capital One Travel

Noteworthy perks: Redeem miles for travel at value of 1 cent per mile ⚬ Convert "miles" to airline miles at a (mostly) 2 to 1.5 ratio ⚬ No foreign transaction fees ⚬ Fee credit for either $85 TSA Pre✓® application fee or $100 Global Entry application fee

Capital One® Spark® Cash for Business
Up to $2,000 Cash Back
Limited time offer - Up to $2,000 Cash Back: Earn a one time bonus: $500 after $5K spend in 3 months from account opening and earn an additional $1,500 when you spend $50K in the first 6 months of account opening
(Offer Expires 1/27/2020)

No Annual Fee First Year, Then $95

Recent better offer: None. This matches the highest offer ever.

FM Mini Review: Many cards offer unlimited 2% cash back, but this is the only business card I know of that does so. This is a good option for business owners who prefer simple cash back rewards.


Card Type: Visa Signature

Base
2%

Earning rate: 2% everywhere

Noteworthy perks: No foreign transaction fees

Capital One® Spark® Miles Select for Business
20K "miles"
One time bonus: 20K after $3,000 spend in 3 months from account opening

No Annual Fee

FM Mini Review: This card is basically the same as the Spark Cash Select for Business, but rewards are intended to be used to offset travel purchases. This is a good option for business owners who prefer simple rewards with no annual fee, and who value free travel over cash back. If you spend more than $19K per year, though, go for the 2X Spark Miles card.


Card Type: Visa Signature

Base
Travel

Earning rate: 1.5X everywhere ⚬ Earn 5X miles on hotel and rental car bookings through Capital One Travel

Noteworthy perks: Redeem miles for travel at value of 1 cent per mile ⚬ Convert "miles" to airline miles at a (mostly) 2 to 1.5 ratio ⚬ No foreign transaction fees

Capital One® Spark® Cash Select for Business
$200 Cash Back
One time bonus: $200 after $3,000 spend in 3 months from account opening

No Annual Fee

FM Mini Review: This is a good option for business owners looking for simple cash back rewards with no annual fee. If you spend more than $19,000 per year, though, you would be better off with the 2% Spark Cash card.


Card Type: Visa Signature

Base
1.5%

Earning rate: 1.5% everywhere

Noteworthy perks: No foreign transaction fees

About Nick Reyes

Nick Reyes is a (fairly) regular guy with an animalistic passion for maximizing the value of miles and money to travel the world in comfort and style. There is little in life that he loves more than finding a fantastic deal and helping you shop smarter & harder to achieve your travel dreams.

More articles by Nick Reyes »

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paul
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paul

Hi, do you know if I can use it to pay a university directly for tuition?

Larry
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Larry

I have trouble finding ways to use plastiq for anything but using a non-cap one mastercard for mortgage, unless there is a free dollars promo. Taxes can be paid at less than 2.5 percent using other services, as can most other things I would use a credit card for. For tuition our school also charges 2.5 percent but it’s direct, I get an instant 529 receipt, and there is no fuss with waiting for a check.

I am always working on spend on cards and don’t really MS and so plastiq seems great in theory but without supporting mortgage payments, I find I have trouble using it at 2.5 percent. Rent seems like a big one, but we don’t pay rent.