Plastiq Quit Taking Visa – What Now?

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For a while now, Plastiq.com has been one of the most popular tools for people who want to pay bills with a credit card. If you need to meet a minimum spending requirement fast, you can use Plastiq.com to pay your mortgage or your car payment, or any other bill you can’t normally pay with credit.

There’s a 2.5 percent fee for each bill you pay, although Plastiq.com occasionally offers promotions with lower rates. But even with the 2.5 percent fee, it can be worth it if you’re going after a big signup bonus.

Let’s say you use Plastiq.com to make $4,000 in mortgage payments to earn the 50K signup bonus on the Chase Sapphire Preferred. You would fork over $100 in fees to earn 50k points worth $500 in cash or at least $625 in travel.

I’ve been paying my mortgage with Plastiq.com for a while now, mostly because it was coding as “travel” with my Chase Sapphire Reserve card. I paid $25 per $1,000 in payments and earned 3,000 Chase Ultimate Rewards points in return. That’s a good deal on its own, but I also earned a ton of “fee-free” dollars with my referral code. It’s hard to beat free points.

Unfortunately, Plastiq.com is not able to process Visa credit cards at the moment. That eliminates the Chase Sapphire Reserve and pretty much all of my favorite cards.

The good news is, there are plenty of other cards you can use to pay bills with a credit card and rack up rewards. You just have to think outside the box.

Best Credit Cards for Plastiq.com

Currently, I’m using the Barclaycard Arrival Plus World Elite MasterCard to pay mortgage payments through Plastiq.com. Keep in mind, however, that I am only doing this with fee-free payments from my referral code. You earn 2x points for each dollar you spend with the Barclaycard Arrival Plus World Elite MasterCard, but you’ll fork over an additional 2.5 percent of each payment if you don’t have “fee-free dollars” to offset the fee.

My husband actually suggested we use our Discover it Miles cards to pay bills with Plastiq.com as well. This card pays out 1.5 Miles for each dollar you spend, but Discover will double your earnings after your first 12 months. That means you earn 3 percent back your first year, which is more than enough to offset the 2.5 percent fee.

Still, in my opinion, the best way to use Plastiq.com is when you’re pursuing a signup bonus and can’t meet the minimum spending requirement otherwise. Last month, I used Plastiq.com to pay $1,000 toward my mortgage via my Hilton Honors Surpass Credit Card from American Express. I hadn’t had time to meet the entire minimum spending requirement organically, so this made a lot of sense. Since I made this payment with “fee-free dollars,” I didn’t pay anything for the privilege. Still, the $25 (2.5 percent) fee would have been worth it since it allowed me to earn 100,000 Hilton Honors points.

The Bottom Line

Plastiq.com isn’t taking Visa anymore, but it’s not the end of the world. You can still use the service to pay your mortgage or any other bill with a credit card as long as you have Discover, MasterCard, or American Express.

The best card for you depends on your travel goals and the type of currency you prefer. Just make sure the rewards you earn are worth more than the fee. Better yet, sign up for a Plastiq.com using my referral code “671741” to earn $500 in fee-free dollars when you make your first $500 payment. Then, you can create your own referral code and refer family and friends to earn more free payments.

Which credit card are you using for Plastiq.com? Why?


Holly Johnson is a financial expert and award-winning writer whose obsession with frugality, budgeting, and travel plays a central role in her work. In addition to serving as Contributing Editor for The Simple Dollar, Holly writes for inspiring…
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Chase Sapphire Preferred® Card

  • Annual Fee:
    $95 fee waived for the first year
  • Foreign Fees:
    No
  • Card Type: Bank

Apply Now
Add to Favorites

  • Earn 50,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That’s $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption – Kiplinger’s Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions – as long as there’s a seat on the flight, you can book it through Chase Ultimate Rewards

Breakdown

Earn (pt.)

Spend


First 3 months

50,000

$4,000


Travel Purchases

2.00

$1


Restaurants Purchases

2.00

$1


Coffee Shops Purchases

2.00

$1


Fast Food Purchases

2.00

$1


Alcohol & Bars Purchases

2.00

$1


All Purchases

1.00

$1


Chase Sapphire Preferred® Card

  • Annual Fee:
    $95 fee waived for the first year
  • Foreign Fees:
    No
  • Card Type: Bank


Apply Now
Add to Favorites
FTG Review Reward Breakdown Points Breakdown
  • Earn 50,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That’s $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption – Kiplinger’s Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions – as long as there’s a seat on the flight, you can book it through Chase Ultimate Rewards

Breakdown

Earn (pt.)

Spend


First 3 months

50,000

$4,000


Travel Purchases

2.00

$1


Restaurants Purchases

2.00

$1


Coffee Shops Purchases

2.00

$1


Fast Food Purchases

2.00

$1


Alcohol & Bars Purchases

2.00

$1


All Purchases

1.00

$1


Apply Now

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