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Plastiq or Plastc or something. It's terrible .Nope. There is a service that lets you pay things like this by credit card, but I cannot recall the name. The fees were high, so it wouldn’t be worth it for 1.5%.
Someone did say you can pay for EAP/FSD the day you pickup without getting the extra 1k charge.
Yup. That sounds familiar. Esp the terrible partPlastiq or Plastc or something. It's terrible .
Nope. There is a service that lets you pay things like this by credit card, but I cannot recall the name. The fees were high, so it wouldn’t be worth it for 1.5%.
Someone did say you can pay for EAP/FSD the day you pickup without getting the extra 1k charge.
I read it here... so no telling of it is truthful. Or a global policy.Is that true about the EAP? I didn't configure mine with that option but now having second thoughts about it.
That article looks more like a paid advertisement than a profile. The profit above the straight points value is pretty speculative imho.I posted about this before, but Business Insider actually profiled someone who used a Visa credit card to buy a Tesla using Plastiq.
He did something smarter than my wife and I did, using a Chase Ink Biz Preferred card which earns 3x points on plastiq. More than $5,000 in free airfare/hotels earned in one purchase
I explicitly asked my ISA about this at the time and she said I couldn’t do that.Someone did say you can pay for EAP/FSD the day you pickup without getting the extra 1k charge.
Here is an example of how you can do it.
(if the forums let me post.) If not, google million miles secret tesla.
I assume most people are trying to get credit card rewards but there is an interesting "arbitrage" opportunity.
If you have the Bank of America Premium Rewards card and are a Preferred Rewards Platinum Honors account, you can get 2.625% cashback. The Premium Rewards card does have a $99 annual fee and to be a Platinum Honors account, you need to have $100k in balances with them (either in brokerage through Merrill Edge or checking/savings).
The way it works out is that the card gives 1.5 points on "all other purchases" not defined in the categories, and as a Platinum Honors account you get a 75% rewards bonus. A point is redeemable for a penny and (1.5 * 1.75) equals 2.625 points per dollar spent.
Rewards Credit Cards from Bank of America: "Earn unlimited points - 2 points for every $1 spent on travel and dining purchases and 1.5 points per $1 on all other purchases"
Bank of America Preferred Rewards Program: "Credit Card 75% Rewards Bonus on eligible Bank of America credit cards"
I've never used Plastiq but it appears there is a 2.5% fee.
2.625% - 2.5% = .125% profit. $40,000 only returns $50 (assuming your credit card limit goes that high).
Edit: Full Disclosure is that I work at Bank of America but nothing related to consumer products. None of the links above provide me any monetary compensation.
Sounds pretty phony.
Couple of big leaps there.
You don't get 3% on that card anymore through Plastiq, 1% now.
Interesting, I was looking into that as well and saw someone mentioned it got shutted down already.I use my Chase Ink Biz Preffered card for about 30% of my plastiq payments and I'm still getting 3x. I checked recently because I'm looking to buy another Model 3 with my card, which is how I came across this article odly enough