I was so excited when I got my gold delta Amex because I would earn so many miles by paying my capital one car loan, but then I found that plastiq doesn’t allow Amex to be used 
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@Thatficotho wrote:
I was so excited when I got my gold delta Amex because I would earn so many miles by paying my capital one car loan, but then I found that plastiq doesn’t allow Amex to be used
I wouldn't be so broken up about it. The amount that you'd be paying in fees would negate any rewards you could earn on that card. I don't keep up with values of every point currency, but paying 2.5% in cash fees to Plastiq to earn only 1% back isn't a very good idea. You're losing money on every transaction. The only times anyone would suggest you use a rewards card is if you're trying to meet a SUB, your rewards program exceeds Plastiq's fee or maybe if you're very close to getting the number of miles/points needed for a reward and you just need a top-off.
@imaximous wrote:
@Thatficotho wrote:
I was so excited when I got my gold delta Amex because I would earn so many miles by paying my capital one car loan, but then I found that plastiq doesn’t allow Amex to be usedI wouldn't be so broken up about it. The amount that you'd be paying in fees would negate any rewards you could earn on that card. I don't keep up with values of every point currency, but paying 2.5% in cash fees to Plastiq to earn only 1% back isn't a very good idea. You're losing money on every transaction. The only times anyone would suggest you use a rewards card is if you're trying to meet a SUB, your rewards program exceeds Plastiq's fee or maybe if you're very close to getting the number of miles/points needed for a reward and you just need a top-off.
Many SUBs are worth 15-20% or more. Of course it makes sense to pay 2.5% to Plastiq if you need to generate enough spend to achieve the SUB.
@Chiclets wrote:
@imaximous wrote:
@Thatficotho wrote:
I was so excited when I got my gold delta Amex because I would earn so many miles by paying my capital one car loan, but then I found that plastiq doesn’t allow Amex to be usedI wouldn't be so broken up about it. The amount that you'd be paying in fees would negate any rewards you could earn on that card. I don't keep up with values of every point currency, but paying 2.5% in cash fees to Plastiq to earn only 1% back isn't a very good idea. You're losing money on every transaction. The only times anyone would suggest you use a rewards card is if you're trying to meet a SUB, your rewards program exceeds Plastiq's fee or maybe if you're very close to getting the number of miles/points needed for a reward and you just need a top-off.
Many SUBs are worth 15-20% or more. Of course it makes sense to pay 2.5% to Plastiq if you need to generate enough spend to achieve the SUB.
Well, isn't that what I said there?