MORE Negative Changes Coming to Plastiq?
Signing up for credit cards through partner links earns us a commission. Terms apply to the offers listed on this page. Here’s our full advertising policy: How we make money.
Update: Frequent Miler confirmed that Plastiq no longer accepts AMEX cards for mortgage payments. Although existing, scheduled mortgage payments with an AMEX card are still going through.There could be more bad news for those of y’all who use Plastiq to meet minimum spending requirements and earn extra rewards.
Earlier this year, Plastiq removed the ability for folks to use Visa credit cards for mortgage payments. And according to a tweet from YS.E.H, now folks trying to use American Express credit cards for mortgage payments through Plastiq are being declined.
Is Plastic Blocking Mortgage Payments Made With American Express Cards?
Link: Plastiq
Link: My Review of Plastiq
Plastiq is a service that allows you to pay any bill (businesses or individuals) with a credit card. That includes bills that do NOT accept credit cards, like mortgages, rent, and car payments.Folks in the miles & points hobby like Plastiq because it’s an easy way to help meet minimum spending requirements. But because Plastiq usually charges a 2.5% fee for their services, it’s usually NOT a good idea to use the service just to earn extra miles & points.
Now, some folks are reporting that American Express credit cards are no longer working for mortgage payments.
Team member Harlan has a few mortgages payees that he handles through Plastiq. And he confirmed that one of his payees could no longer be paid with an AMEX card. But the others still worked!
At the moment, this seems like a very case-by-case restriction. We don’t know if Plastiq will continue to reduce AMEX-eligible payees. But it’s worth signing into your account to see if these changes affect you!
That said, both MasterCard and Discover still work well for mortgage payments through Plastiq. So if you want to pay your mortgage through Plastiq with a credit card, there are still plenty of options, like the Citi Prestige or Barclaycard Arrival Plus World Elite Mastercard.
Note: There is another service similar to Plastiq called Tio (previously called ChargeSmart), which still allows you to pay a mortgage with a Visa card. But NOT AMEX credit cards.Bottom Line
Similar to Plastiq’s move with Visa earlier this year, folks are reporting that you can no longer use AMEX cards to make mortgage payments to certain payees. If you pay your mortgage with an AMEX card, I recommend checking your account to see if your payees are affected. So you can come up with a backup plan!
Does this unannounced change from Plastiq affect you?
Chase Sapphire Preferred® Card
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 when you redeem through Chase Ultimate Rewards®.
Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
Intro APR on purchases
N/A
Regular APR
19.74% – 26.74% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Rates & Fees
Other
MORE INFO
Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)
Join the Discussion!