@UncleB wrote:
@imaximous wrote:
Anyone tried using the PayPal business debit card using the 2% CB card as a backup?
If my math is right, you'd get 1% back from PayPal debit card (if run as credit) and 2% from the CB card as backup source. That's 0.5% net after Plastiq's 2.5% fee. It doesn't sound like a lot, but if you run your mortgage/rent plus car payments, it's 0.5% of a few thousand bucks.
I'm not too familiar with Plastiq and still reading about it, but I also read that the fee is lowered to 1% if you use a debit card. So, in the example above, it'd be even better. You wouldn't get the 1% back for the debit transaction since it has to be run as credit, but you'd get the full 2% using the PayPal CB card as backup, so it turns out to be 1% net after paying the fee.
Any feedback on my assumption above?If the Paypal Business debit card is processed as PIN-less debit (which would likely be the case with Plastiq) then there are no cash rewards, and as far as I know it wouldn't trigger backup funding, either.
Back when I was in "credit purgatory" I used my Paypal Business debit card almost exclusively, and that's how it worked then. Things might have changed, though.
Just to satisfy my curiosity, I opened a Plastiq account, and added the PP business debit card. I went through the whole process of making a car payment, and it gave me a 2.5% fee at the end. So they're processing the transaction as credit 
I was hoping it'd be debit so I could get 1% rather than .5%
@DaveInAZ wrote:
@imaximous wrote:
Anyone tried using the PayPal business debit card using the 2% CB card as a backup?
If my math is right, you'd get 1% back from PayPal debit card (if run as credit) and 2% from the CB card as backup source. That's 0.5% net after Plastiq's 2.5% fee. It doesn't sound like a lot, but if you run your mortgage/rent plus car payments, it's 0.5% of a few thousand bucks.
I'm not too familiar with Plastiq and still reading about it, but I also read that the fee is lowered to 1% if you use a debit card. So, in the example above, it'd be even better. You wouldn't get the 1% back for the debit transaction since it has to be run as credit, but you'd get the full 2% using the PayPal CB card as backup, so it turns out to be 1% net after paying the fee.
Any feedback on my assumption above?Yes, I've been using my PayPal business debit card using the 2% CB card as a backup for my mortgage payment for a couple months now. It works, I get 1% from the debit card and 2% on the MC, (Plastic charges the PP Debit as credit, not PIN-less debit). To me it just covers the Platiq fees with a little bit extra. I limit using the PP debit w/2% CB card as I'm concerned if I went crazy using the combo it could raise some red flags with PayPal and/or Synchrony. My mortgage is under $500/mo., and I can't pay my car payment using that combo as my 1/2 point discount with DCU requires online payment from a DCU account. My Plastiq mortgage payment does NOT code as a cash advance, on the PP Debit transaction it is coded as a purchase with Plastiq as the merchant, and the 2% CB MC the transaction is listed as "PyPal Backup funding".
When I first added my PP Debit card in Plastiq I used online chat to ask if it would qualify for the 1% fee for debit. I was told that for a debit card to qualify for the 1% fee it has to be a debit card from a "brick & mortar" bank, which to me seems to defeat the purpose of using Plastiq - if I wanted the funds taken immediately from a bank account I'd make an ACH or paper check payment and avoid the 1% fee. With my 2% CB MC billing cycle & mortgage due date I get at least 45 days to PIF and avoid any interest.
Great data points here... thanks! 
