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Doctor of Credit is reporting that Visa has asked Plastiq to no longer process mortgage payments. Initially, rent payments did not appear affected, but now it sounds like both rent and home owner’s association fees are affected by this change. You can still make housing payments using a MasterCard or American Express card, though.
This comes on the heels of the news that the Chase Sapphire Reserve card no longer codes as 3x with Plastiq for paying a mortgage, which had been the case for some time. While this was a boon for people looking to quickly accumulate some Ultimate Rewards points, we can all agree that this had to die at some point. Mortgage payments should never have coded as a travel category.
The news is a double-whammy with the coming…