@ChazzieT wrote:
@Anonymous wrote:All I have to say: This is Exhibit A as to why the 3% card is either going to die or get a limit placed on it.
If you're talking about the AOD 3% card, I would be very surprised if Plastiq contributes to it's demise.
The AOD card is a Visa and Visa usually codes Plastiq transactions as a cash advance or balance transfer which won't get you cash back.
@Wavester64 , did AOD code as a regular purchase on that first $50?
Never even got a chance to use the AOD card. I was just testing Plastiq out on another card to see if it worked and how well it worked.
I will check the card I used and get back to you on how it coded.
EDIT: It didn't have a code #. But I did a partial payment on a Utility bill and this is what the CC said:
@Wavester64 wrote:Never even got a chance to use the AOD card. I was just testing Plastiq out on another card to see if it worked and how well it worked.
I will check the card I used and get back to you on how it coded.
EDIT: It didn't have a code #. But I did a partial payment on a Utility bill and this is what the CC said:
Looks like it was a MasterCard. They usually work fine on Plastiq.
@Wavester64 wrote:
@ChazzieT wrote:Referal dollars are dollars put through the system, not dollars charged by plastiq as a fee.
If you have 50 referal dollars, it means you can send someone $50 dollars on plastiq without being charged a fee.
If you have 50 referal dollars and send someone $2000 dollars, plastiq will charge you a fee on $1950. The other $50 of the $2000 won't be charged a fee.
Thank you - now THAT makes sense. Though I do like it better if it were $50 towards fees, which is what I thought it was
I got confused too when I first joined Plastiq a long time ago. At the time, I think I got 500 FFDs for joining and I thought I'd be getting fee-free payments for a while. As I was making my first payment for around $3000, I noticed that I was still being charged a fee so I reached out to customer service via chat and they explained the process. Big disappointment 😂
Anyway, I still use Plastiq monthly because my CC rewards with BofA greatly exceed the Plastiq fee (5.25% vs 2.5%)
@imaximous wrote:
@Anonymous wrote:
@Anonymous wrote:All I have to say: This is Exhibit A as to why the 3% card is either going to die or get a limit placed on it.
I agree. I honestly think that Plastiq should be a cash advance across the board. It's ridiculous that people get rewarded for abusing their cards.
VISA cards tend to code a lot of Plastiq transactions as cash advances though. If it was a Mastercard, yeah there would be an issue.
I completely disagree with that. If Plastiq should code as cash advance, so should Paypal or Venmo. Yet, Paypal processes billions in payments. If you can make payments using those services, why shouldn't you be able to pay your rent or mortgage with Plastiq?
A mortgage or rent payment would never come anywhere close to the amount of money you can process through PayPal, so calling that abuse is actually ridiculous.
Plastiq also has many rules in place. You can only make certain type of business payments. But, I can send money to my neighbor with Paypal if I wanted to. Yet, that'd be ok.
What I find even more ridiculous is you can join a credit union like AOD by making a tiny donation to a bycicle association completely outside of your territory JUST for their generous 3% rewards program. That is abuse.
Oh I see I struck a nerve. I feel the same way about people using personal cards for business expenses and sucking thousands in rewards.
Plastiq will be shut down, it's just a matter of time before the issuers get tired of people earning money for paying their mortgage. 
Oh and PayPal usage for purchases is totally acceptable. It's PayPal Friends and Family that is also shady when used with a card. Fortunately issuers are already catching on there and have been charging CA fees for using it that way on top of the 2.9% fee PayPal charges. That's the future that awaits Plastiq.
As for AOD, how exactly is that abuse? It's a perfectly valid path to membership and I'm using my AOD card as intended - I don't do shady things with it to earn more rewards. 🤷♂️