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How to earn points and miles with Plastiq.com

To the point Pay your bills on Plastiq.com with a credit card and earn points and miles, while unlocking welcome bonuses!

How to earn points and miles with Plastiq.com

Before going any further, we can confirm that this is a legitimate service recognized by the government. We have used it several times, and the Canada Revenue Agency lists it on its website as a service provider that offers credit card payment for taxes.

 

What payments are allowed on Plastiq?

As an individual, you can pay many suppliers by credit card through Plastiq.com:

  • Taxes
  • Municipal and school taxes
  • Condo fees
  • School fees
  • Hydro Quebec
  • Professional services (accountants, lawyers…)
  • Private schools
  • Professional associations (annual registration to an order for example…)

However, you cannot pay your credit card balances via Plastiq or send checks to yourself or relatives (except for exchanges of services).

As a business or professional, you can pay vendors or suppliers, even your contractors!

The table of authorized providers by card type

On Plastiq, you’ll find a table in English which summarizes the credit or charge cards that can be used depending on the suppliers, both in Canada and in the United States!

At the end of this article, you’ll find the list of experienced suppliers validated by the members of the milesopedia Facebook group on this dedicated topic!

Plastiq.com service fees

Of course, this is not a miraculous service: there is a fee for every transaction made on Plastiq.com.

These fees are:

  • 2.85% for all credit cards
  • 2.45% to make a payment to the Canada Revenue Agency

 

Plastiq municipal taxes
Plastiq municipal taxes

 

Let us remind you that the objective here is to keep you out of debt!

Don’t pay your taxes with your credit card if you can’t pay off the balance on your card. The interest accrued on your credit card will be much higher than the interest you could have by making a payment arrangement with the Canada Revenue Agency or any other beneficiary.

Example of a payment to the Canada Revenue Agency (CRA)

Here is step by step a payment to the Canada Revenue Agency (CRA) through Plastiq.

First, you will need to add the CRA as a beneficiary. You can search in this way (Plastiq is unfortunately only available in English). Canada Revenue Agency will be proposed to you.

plastiq beneficial addition
Search for a beneficiary

Then, check the information and add this recipient to your list. You can see that payments to the CRA are made electronically within 3 days.

plastiq cra 3 days
Confirmation of the beneficiary

You are now ready to make your payment to the CRA. Since the CRA is already registered with Plastiq, you will be asked to fill in some fields (such as the type of taxes you will pay). You indicate on the calendar the date you want the payment to arrive at the CRA. Then Plastiq automatically calculates the date of payment for you.

plastiq cra config
First step in making a payment to the CRA

You will be asked for other details such as your SIN (which allows your payment to be issued to your account with the CRA) or the tax date.

plastiq cra details
Other payment details

Finally Plastiq will show you a summary before payment.

There you go! By clicking on the confirmation, your payment to the CRA is gone. You will be kept informed of tis progress by email. You will also be able to view it in the Plastiq management interface.

When to use the Plastiq.com service

In our opinion, it is advantageous to use the Plastiq.com service under 3 conditions.

The gain in points or miles must be worth it

However, few cards offer more than a 2% return on your spend. The fee here is 2.85%.

For example, you should use one of the cards in your wallet that offers 2% or more cash back on all your expenses. Or a card whose points provide a sufficient return like the one shown below.

To unlock a welcome bonus

Many cards offer generous welcome bonuses (including American Express), provided you have made a minimum spend in 3 months.

In some cases, the amount to spend can be several thousand dollars for American Express small business cards! This is often unattainable for many budgets.

In this case, it may be worthwhile to use the Plastiq.com service. The fee is worth it in this case, so you don’t lose the opportunity to earn thousands of points or miles!

As we have seen above, the fee remains minimal for cards that earn a lot of points/miles.

To earn the missing miles for a trip

Are you missing a few hundred or thousand miles for your next trip? Or a few points on your Marriott Bonvoy account? Plastiq.com can be a solution to your problem.

Instead of buying gift cards for different businesses, you could, for example, pay your electricity, municipal taxes or taxes in advance. In fact, the CRA even sends you the overpayment by cheque a few months later.

The best cards to use on Plastiq.com

There is a good card to use for your payments on Plastiq:

The Marriott BonvoyTM Business American Express® Card

The Marriott BonvoyTM Business American Express® Card allows you to earn between 2 and 3 Marriott Bonvoy points on Plastiq since mid-March 2019.

Some payments made on Plastiq are categorized as a travel expense (which allows you to earn 3 Marriott Bonvoy points).

plastiq bonvoy pme

Here’s an example of fees and points earned for a $1,000 spend on Plastiq.com with the Marriott BonvoyTM Business American Express® Card that earns 3 Marriott Bonvoy points per dollar.

Expense + Plastiq fee at 2.85% Marriott Points Earned Value
$1,000 3,000 points $27
$28.5 85 points $0.77
$1,028.5$ 3,085 points $27.77

Knowing that the conservative value of a Marriott Bonvoy point is 0.9 cents, the 3,085 Marriott Bonvoy points earned are worth $27.77.

But you could get a much higher value from Marriott Bonvoy points (like with the “fifth night free” technique).

So it’s great to be able to earn Marriott Bonvoy points through Plastiq with the Marriott BonvoyTM Business American Express® Card.

List of providers milesopedia members can vouch for

The community of milesopedia members, on the Facebook group “milesopedia – Cartes de crédit et Récompenses”, has vouched for the use of these suppliers through Plastiq (topic of discussion here).

City / Country Type Name Amex – MC Transfer / Cheque
ALMA School taxes COMMISSION SCOLAIRE DU LAC-SAINT-JEAN – DAYCARE SERVICE AMEX – MC TRANSFER
Alma Municipal taxes City of Alma – Tax AMEX – MC Transfer
Boucherville Municipal taxes City Of Boucherville AMEX – MC Transfer
CANADA Services Energir – Gaz Metro AMEX – MC
CANADA Services Hydro-Québec AMEX – MC Transfer
CANADA Services SAAQ AMEX – MC Cheque
CANADA Alimony Revenu Québec AMEX – MC Cheque
CANADA Professional Order Pharmacists association AMEX – MC Cheque
CANADA Professional Order Ordre Des Ingenieurs Du Quebec AMEX – MC Transfer
CANADA Professional Order Ordre des Ergothérapeutes du Québec AMEX – MC Transfer
CANADA Professional Order CPA Quebec AMEX – MC Transfer
CANADA Taxes Canada Revenue Agency AMEX – MC Transfer
CANADA Taxes Revenu Québec AMEX – MC Cheque
CANADA Co-ownership fees Co-ownership fees AMEX – MC Cheque
CANADA Insurance National Bank Insurance AMEX – MC Transfer
CANADA Insurance Co-Operators
CANADA Insurance La Capitale
CANADA Insurance Intact Assurances AMEX – MC Cheque
CANADA Insurance Canada Life Assurance MC Transfer
CANADA Insurance SSQ (Collectives) MC Transfer
CANADA Insurance UV Mutual (Life Insurance) MC Cheque
Commission scolaire des Affluents School taxes AMEX-MC Cheque
Duberger Daycare / School Everest elementary school (daycare and school supplies) AMEX – MC Cheque
Gatineau Municipal taxes City Of Gatineau AMEX – MC Transfer
Mirabel School taxes CSSMI AMEX – MC
Mirabel Municipal taxes City of Mirabel – Tax AMEX – MC Transfer
Montreal School taxes Montreal School Board AMEX – MC Cheque
Montreal Municipal taxes City of montreal AMEX – MC Cheque
Montreal Daycare / School Kids & Company AMEX – MC
Morin-Heights Municipal taxes Municipality of Morin-Heights – Tax AMEX – MC Transfer
Quebec School taxes Commission Scolaire Premiere Seigneurie AMEX – MC Cheque
Quebec School taxes Commission Scolaire des Découvreurs AMEX – MC Cheque
Quebec Municipal taxes Quebec City – Tax AMEX – MC Transfer
Repentigny Municipal taxes AMEX – MC
Saint-Bruno-de-Montarville School taxes Patriots School Board AMEX – MC Transfer
Saint-Bruno-de-Montarville Municipal taxes City of St. Bruno De Montarville AMEX – MC Transfer
Sainte-Agathe-des-Monts School taxes Commission Scolaire Des Laurentides AMEX – MC Transfer
Sainte-Agathe-des-Monts Municipal taxes City of Sainte-Agathe-des-Monts – Tax AMEX – MC Transfer
City of L’Assomption Municipal taxes AMEX -Mc Electronic transfer

 

Conclusion

Plastiq is therefore a convenient service for you to unlock welcome bonuses and earn points and miles for payments you make by cheque or through your bank account!

We remind you that you should not use this service if you are unable to pay off your credit card balance! The interest that will be applied on it (16 to 30%) far exceeds the rewards you could have obtained.

How to pay a transfer tax with a credit card

The first thing to do is to check if your city accepts credit card payments. Some do. Otherwise, you can go through a third party such as PLASTIQ or PAYSIMPLY which will accept your payment by credit card and send the amount by check or electronic transfer to the recipient.

However, since there is a fee for this service, Milesopedia recommends using this strategy to unlock the bonus on a new credit card.

How to pay municipal or school taxes with a credit card ?

The first thing to do is to check if your city accepts credit card payments. Some do. Otherwise, you can go through a third party such as PLASTIQ or PAYSIMPLY which will accept your payment by credit card and send the amount by check or electronic transfer to the recipient.

However, since there is a fee for this service, Milesopedia recommends using this strategy to unlock the bonus on a new credit card.

Come to discuss that topic in our Facebook Group!

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