Published on April 26th, 2017 | by William Charles33
Radpad Sends Out E-mail Warning Of Higher Fees & Reason Why CSR No Longer Earns 3x
We recently posted that RadPad is no longer earning 3x points on the Chase Sapphire Reserve. RadPad users that have used the CSR and other premium cards (e.g Chase Sapphire Preferred) have received an e-mail stating:
If you read the RadPad terms under section 7, sub section b they can charge a fee of up to 3.99% on high interchange fees (e.g VISA Signature, VISA Infinite, VISA Preferred and other cards not listed with interchange fees higher than 2.2%). This is obviously bad news for RadPad users, but it likely does mean that RadPad purposefully changed their merchant category code so that the Chase Sapphire Reserve would no longer earn 3x points to discourage use of that and other cards that come with high fees for RadPad. Fingers crossed Plastiq is profitable enough to handle these fees and it continues to earn 3x.