Yes. Plastiq does accept Amex 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. Plastiq also processes payments using Mastercard, Visa, and Discover cards. Approved payment types will vary, depending on the credit card network.
In general, Plastiq allows you to use your credit card to pay bills – usually large expenses – even if the merchant, lender, or creditor doesn’t accept those payments by card. But before you use the app to make a payment, it’s important to know that Plastiq charges a 2.85% fee on all transactions. So even if you make payments with Plastiq using an American Express card that gives you rewards on all purchases, you’ll likely still end up losing value on the transaction, overall.
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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