Chase Sapphire Preferred No Longer Earning 3X on Plastiq
For many people, it is getting harder and harder to generate the spend needed to satisfy the requirements for bonuses on various cards. It’s also harder to find ways to increase spending in order to earn more credit card rewards. For these reasons many have turned towards fee based services like Plastiq.
Plastiq charges a fee for payment made with a credit card. But it still makes sense in some cases to pay that fee. That’s either because you are earning even more in rewards or just because it’s an easy way to generate spend.
One card that makes sense to use through Plastiq is Chase Ink Preferred. It has been earning 3X on payments made through the platform but that seems to have stopped in the last few days. The datapoint comes from out Facebook group. I looked more into is and it’s likely that payments made since 8/16 are no longer coding as 3X.
Many people have bills, rent, expenses, mortgages etc. that they can pay through Plastiq. Being able to earn some extra points for doing so, it’s a big deal. Sadly Chase Ink Preferred seems to no longer be an option. This has happened in the pas though, so it could make a comeback.
Let us know if you have any recent datapoints with Plastiq and CIP, so we can get a better idea.