A couple of months ago, Plastiq stopped taking Capital One credit cards for payments. However, in a positive change, Plastiq now once again accepts Capital One business credit cards. This is particularly good news for those facing the $50,000 spending requirement for some of their increased business credit card welcome offers.
The Deal
- Plastiq once again accepts Capital One business credit cards for Plastiq bill payments
Quick Thoughts
Again, this was historically no problem but it was something that unexpectedly changed a few months back. It is good to see the pendulum swing back in the other direction on this.
Unfortunately, you still won’t be able to use Capital One personal cards. Furthermore, you will still be unable to use Capital One business cards for the following types of payments:
- Mortgage
- Home Equity Line of Credit
- Auto Loans
- Student Loans
However, that still leaves things like rent, taxes, and many other types of payments.
See our Complete Guide to Plastiq credit card payments here.
For more information on the current lineup of Capital One business cards, see our dedicated card pages for each of them here:
| Card Offer and Details |
|---|
50K Miles ⓘ Affiliate Earn a one-time 50K miles bonus when you spend $4,500 in the first 3 months. (Rates & Fees)$0 introductory annual fee for the first year, then $95 Note: Most Capital One Business credit cards (including this one) DO count against Chase's 5/24 Rule FM Mini Review: This card is similar to the Spark Cash Plus card, but it has the advantage that "miles" earned with this card can be transferred to a large number of airline & hotel programs. Earning rate: 2X Miles everywhere ✦ Earn 5X miles on hotel and rental car bookings through Capital One Travel Base: 2X (2.9%) Card Info: Mastercard issued by CapOne. This card has no foreign currency conversion fees. Noteworthy perks: Redeem miles for travel at value of 1 cent per mile ✦ Convert "miles" to airline miles & hotel points ✦ No foreign transaction fees ✦ Up to $100 fee credit for TSA Pre✓® application fee or Global Entry application fee |
| Card Offer and Details |
|---|
No Longer Available This card is no longer available to new applicants$0 introductory annual fee for the first year, then $95 Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: Many cards offer unlimited 2% cash back, but this is the only business card I know of that does so. This is a good option for business owners who prefer simple cash back rewards. Earning rate: 2% everywhere Base: 2% Card Info: Visa Signature issued by CapOne. This card has no foreign currency conversion fees. Noteworthy perks: No foreign transaction fees |
| Card Offer and Details |
|---|
50K Miles ⓘ Friend-Referral 50K after $4,500 spend in 3 months from account openingNo Annual Fee Note: Most Capital One Business credit cards (including this one) DO count against Chase's 5/24 Rule Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: This card is similar to the Spark Cash Select for Business, but rewards are intended to be used to offset travel purchases. This is a good option for business owners who prefer simple rewards with no annual fee, and who value free travel over cash back. If you spend more than $19K per year, though, go for the 2X Spark Miles card. Earning rate: 1.5X miles everywhere ✦ Earn 5X miles on hotel and rental car bookings through Capital One Travel Base: 1.5X (2.18%) Card Info: Mastercard issued by CapOne. This card has no foreign currency conversion fees. Noteworthy perks: Redeem miles for travel at value of 1 cent per mile ✦ Convert "miles" to airline miles & hotel points ✦ No foreign transaction fees |
| Card Offer and Details |
|---|
$750 Cash Back ⓘ Affiliate Earn a $750 bonus aftet you spend $6K in 3 months from account opening. (Rates & Fees)No Annual Fee Note: Most Capital One Business credit cards (including this one) DO count against Chase's 5/24 Rule FM Mini Review: This is a good option for business owners looking for simple cash back rewards with no annual fee. If you spend $30,000 or more per year, though, you would be better off with the 2% Spark Cash Plus card. Earning rate: 1.5% everywhere ✦ 5% on hotels and rental cars booked via Capital One Travel Base: 1.5% Card Info: Mastercard issued by CapOne. This card has no foreign currency conversion fees. Noteworthy perks: No foreign transaction fees |
Want to learn more about miles and points? Subscribe to email updates or check out our podcast on your favorite podcast platform.
does anyone know if capital one would allow a payment towards a bridge loan for solar? I know it says no mortgage or auto loans but i wonder if this would go through.
I have trouble finding ways to use plastiq for anything but using a non-cap one mastercard for mortgage, unless there is a free dollars promo. Taxes can be paid at less than 2.5 percent using other services, as can most other things I would use a credit card for. For tuition our school also charges 2.5 percent but it’s direct, I get an instant 529 receipt, and there is no fuss with waiting for a check.
I am always working on spend on cards and don’t really MS and so plastiq seems great in theory but without supporting mortgage payments, I find I have trouble using it at 2.5 percent. Rent seems like a big one, but we don’t pay rent.
Hi, do you know if I can use it to pay a university directly for tuition?
Yup, you can definitely do that with Plastiq and that doesn’t fit into one of the categories that you can’t pay with a Capital One business card.
THANKS for the quick reply.