James Bronzz, WalletHub Analyst
@jbronz
Yes, Plastiq accepts American Express (Amex) cards for payments. They started accepting American Express cards again in October 2023 and customers can use their Amex cards for eligible transactions through Plastiq.
Plastiq accepts American Express for rent payments, HOA fees, non-business utilities, taxes, gym and club memberships, and education expenses. Just note that Plastiq does not take Amex cards for certain bills, such as student loan payments, mortgages, car payments, contractor payments, or business invoices, among others. Generally, Plastiq processes payments using cards that belong to major card network like Mastercard and Visa. Approved payment types will vary, depending on the credit card network.
Benefits of Using American Express with Plastiq
Using an American Express card on Plastiq allows users to earn rewards on payments that typically cannot be charged to a credit card. Common expenses eligible for payment include rent, mortgage payments, taxes, and tuition fees. With Plastiq, payments are made through checks or wire transfers to the respective merchants on behalf of the user, providing a useful way to manage significant expenditures while also earning points or cashback associated with Amex cards.
Fees Associated with Plastiq's Services
It's noteworthy that Plastiq charges a processing fee of up to 2.9% for credit card transactions. Therefore, users should evaluate if the rewards earned through their American Express card offset these fees.
Some credit cards do team up with Plastiq periodically to offer bonus rewards on purchases with the payment app in order to offset the transaction fee. Unfortunately, Amex and Plastiq do not currently have such an arrangement.
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