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Hi there. I have a question. I want to use my hyatt card through plastiq to make a payment. This is what it says on plasiq site fir using hyatt card. Payments made through Plastiq may be subject to a lower cash advance limit (typically ~20% of your total card limit). Your transaction will otherwise be treated with full rewards, and not incur any additional fees.”
Could you please tell what this mean? Will my transaction will be count as cash advance?
I want to make payment of less than 20% of my credit limit.
I believe it’s referring to certain Visa (as opposed to Mastercard) payments that are processed as a Cash Advance vs. purchase. There’s something with Visa that is causing this (supposedly), but some/certain Visa cards aren’t subject to that limitation.
The list is here: