Template: Plastiq

• Plastiq is the most flexible bill paying service. It lets you pay almost any bill with a credit card (at least with a Mastercard). If the company isn’t already in their database, they will simply mail them a check or send them an ACH transfer. You can also use it to pay individuals, such as babysitters, as long as you are paying for an actual item or service, and not just sending them money as a gift. One of the only other restrictions is that you can’t use it to send money to financial accounts, including paying off your credit card bills.

• Mortgage payments can only be made with Mastercards and Discover cards. Rent (and HOA fees) can be paid with all cards.
• You can only use Amex credit cards for a limited set of payments. The only acceptable payments are for "Government, Utilities, Education (not including student loans), Residential Rent, and Club Fees & Memberships".

• There are a confusing set of limitations for Visa cards.
  • Despite what the chart says, the only categories where you can safely use every Visa card are rent (and HOA fees), taxes (and government fees), utilities, and tuition (including daycare and camps).
  • With most other Visas, if you try to pay one of the other categories shown in the chart, such as insurance, it will process as a cash advance. Plastiq will pop-up a warning, but if you continue you'll wind up paying extra fees and won't receive any credit card rewards.
  • However, with personal Visas from Chase, as long as the payment is less than 20% of your total line of credit, any cash advance charges will be reversed and you will still earn your rewards.
  • Finally, Visa business cards, debit cards, and Wells Fargo credit cards can be used for all the Visa categories on the chart, without any issues.
• Service fees are typically 2.5%, but they often have promotions, which can reduce the cost with certain types of cards.
• There are currently no cards that earn bonus rewards on Plastiq purchases. You used to be able to earn 3x points with the Chase Ink Preferred card. Even though the payments are online, you won't earn bonus points with the AT&T Access cards.
• You can't use use Plastiq with gift cards.