Meeting minimum spend by exact amounts

[Anonymous]

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@Anonymous wrote:

Regarding using Plastiq...i read a post before - You might have to email your mortgage statement to plastiq as proof. 

I read a post from a member here paying another person (landlord) for rent and payment was put on hold.  This member then had to send the rent statement to Plastiq as proof and all was find and smooth after that. You might want to contact Plastiq in advanced to find out if they will need it.  Maybe not since this is a mortgate payment, but just to make sure i guess.

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You probably have to do that for  lot of landlord/tenant situations because they want to make sure that you're actually paying for rent and not sending cash to friend/relative, etc.  However for mortgage companies and most rental companies, that isn't necessary.  They're not going to question you sending a payment to Chase Mortgage for example

[gdale6]

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@Anonymous wrote:

Personally I think you should always try to give yourself a cushion over the exact spend requirement to ensure that you receive the bonus.  In your case I'd just put the whole amount for the mortgage on the card and then move on to the next bonus.

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Well said and I agree.

[CreditCuriosity]

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@Anonymous wrote:

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@Anonymous wrote:

Regarding using Plastiq...i read a post before - You might have to email your mortgage statement to plastiq as proof. 

I read a post from a member here paying another person (landlord) for rent and payment was put on hold.  This member then had to send the rent statement to Plastiq as proof and all was find and smooth after that. You might want to contact Plastiq in advanced to find out if they will need it.  Maybe not since this is a mortgate payment, but just to make sure i guess.

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You probably have to do that for  lot of landlord/tenant situations because they want to make sure that you're actually paying for rent and not sending cash to friend/relative, etc.  However for mortgage companies and most rental companies, that isn't necessary.  They're not going to question you sending a payment to Chase Mortgage for example

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bingo had to provide as was paying an individual rent.  Just sent them the rental agreement/contract and all was solved and no problems sense.  Also agree with mortgage companies just indivduals they might need proof, etc.

[MrDisco99]

I appreciate all the advice and I'm taking it all to heart.  Thanks everyone.

That said, my primary concern was whether Chase would flag me for "gaming" by meeting the bonus requirement precisely.  If that won't be an issue, then I'm going to do the split as planned.  I'm absolutely confident in the math for meeting the bonus with the Chase portion of the payment.  I've only used the card a few times (including one large purchase) and there's no chance of the charges being reversed.

Even if there is a problem or my math is off or whatever, I still have another month left on the Chase card to figure it out by making additional purchases or whatever I need to do.  I just didn't want to blow a bunch of extra money on a card that doesn't have a very good non-category rewards rate when I could be putting it to better use on a different card.

The fees Plastiq charges make it such that this is a temporary situation with my mortgage payments.  I'm only doing this to help meet the minimums on the new cards I'm getting.  Once I'm done with bonus chasing, I'll be going back to automatic checking account drafts.  Plastiq is a great way to churn cards quickly, but not worth the hassle long term.

The payment is scheduled for next week.  If I do run into any issues, I'll be sure to post an update.

Thanks again!

[Anonymous]

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@CreditCuriousity wrote:

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@Anonymous wrote:

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@Anonymous wrote:

Regarding using Plastiq...i read a post before - You might have to email your mortgage statement to plastiq as proof. 

I read a post from a member here paying another person (landlord) for rent and payment was put on hold.  This member then had to send the rent statement to Plastiq as proof and all was find and smooth after that. You might want to contact Plastiq in advanced to find out if they will need it.  Maybe not since this is a mortgate payment, but just to make sure i guess.

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You probably have to do that for  lot of landlord/tenant situations because they want to make sure that you're actually paying for rent and not sending cash to friend/relative, etc.  However for mortgage companies and most rental companies, that isn't necessary.  They're not going to question you sending a payment to Chase Mortgage for example

---

bingo had to provide as was paying an individual rent.  Just sent them the rental agreement/contract and all was solved and no problems sense.  Also agree with mortgage companies just indivduals they might need proof, etc.

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There you are CreditCuriousity, I knew you would find this.  Thanks for clarifying!