Strategy to obtain US Amex

[hill]

MEAB has been reporting on it for the last week or so, ongoing waves of shutdowns from AMEX & Chase, mostly trying to derisk the balance sheet in case of US recession from sounds of it.

Weekend Slump, Courtesy of American Express – Miles Earn and Burn

milesearnandburn.com

Monday Requiem: Chase’s Friday Sadness – Miles Earn and Burn

milesearnandburn.com

 

[nthd_nthd]

Please advised - I made a mistake applying for Ink Unlimited - got rejected - Wanted to do Reconsideration but found out this card impose Oversea Transaction fee. Does it worth it to get the card though? What do you think? No Annual Fee +1.5% cash back on all transactions v.s. Oversea Transaction fee 3%? Of course I want their bonus which I can convert to UR as holding CSP.

Should I do reconsideration for this card?

as @levelnine pointed out - and for anyone still afraid of Oversea transaction fee-

3% on 6K is $180 then you get 1.5% cash back on everything - so it's just like a $90 Annual fee for the SUB.

So it's a no Brainer - Go after it.

I spent almost 1 hour on recon line on Sunday and the person was convinced - saying she took all the notes and they would reconsider it.

Tuesday I got approved. Card is on the way.

The reason I applied Ink Unlimited is because I had 3 rejections for Ink Preferred already - so Thinking of an "easier to get" card - I am 5/24 with 1 authorized card so always have to call in for Recon and dispute.

 

[georgie23]

Great work - when you spend time on phone for recon - were they business related questions? If so any pointers for future reference
Thanks

 

[nthd_nthd]

Great work - when you spend time on phone for recon - were they business related questions? If so any pointers for future reference
Thanks

Yes - I need to gather all information regarding business - Turn over - expenses- what activities - v.v How I get customers. How I charge customers. v.v.

Initially the person kept insisted Authorized Card still counts toward my 5/24 - But once I said I am not financially responsible for it and already closed that card she back down and willing to look at my records.

I also brought in that I had long business relationship with Amex so I have been using amex for business related but getting too expensive for my Business expenses. Plus not many merchants I am dealing with accept Amex Or will charge me a high percentage.

 

[georgie23]

Thanks - all great info

 

[pyramidforce]

Yes - I need to gather all information regarding business - Turn over - expenses- what activities - v.v How I get customers. How I charge customers. v.v.

Initially the person kept insisted Authorized Card still counts toward my 5/24 - But once I said I am not financially responsible for it and already closed that card she back down and willing to look at my records.

I also brought in that I had long business relationship with Amex so I have been using amex for business related but getting too expensive for my Business expenses. Plus not many merchants I am dealing with accept Amex Or will charge me a high percentage.

Do you actually have business expenses or are you a creative writing major?

 

[nthd_nthd]

Do you actually have business expenses or are you a creative writing major?

Both

 

[blacksultan]

How long after the first GT can one apply for the next ?also does one need to have An active Oz Amex for gt or will an online account do ?

 

[US_Amex]

I’ve built up a fair amount of Amex MR points and I want to cash out around 300k at 1cpp usd ($3000 usd) to offset some of the costs of the annual card fees and exchange rate movements.

I don’t have an Amex checking account but read up that if I book a refundable hotel(s) via Amex travel using MR points at 1cpp and cancel after a few days, I’ll receive the cash equivalent for the booking.

Has anyone done this? Is it against their T&Cs? Am I going to risk getting shutdown or have it clawed back for going this?

 

[sudoer]

How long after the first GT can one apply for the next ?also does one need to have An active Oz Amex for gt or will an online account do ?

Tried to apply for my P2 who has held Amexs for several years in the past, and has an active supp from my Platinum Charge, no dice.

I think you need an active card.

 

[blacksultan]

Tried to apply for my P2 who has held Amexs for several years in the past, and has an active supp from my Platinum Charge, no dice.

I think you need an active card.

Ok .nova credit method would work ?

 

[sudoer]

Ok .nova credit method would work ?

No idea, sorry.

 

[georgie23]

Ok .nova credit method would work ?

I would say yes - we did P2 recently and all went through
Just check the Equifax Aus credit profile and if looks good it should be fine - thats what gets converted to a "US credit file" for the Nova Credit application

 

[Triben]

How long after the first GT can one apply for the next ?also does one need to have An active Oz Amex for gt or will an online account do ?

Yes you need the Oz active card for GT,
I got my 2nd GT card after 2months.

 

[blacksultan]

I would say yes - we did P2 recently and all went through
Just check the Equifax Aus credit profile and if looks good it should be fine - thats what gets converted to a "US credit file" for the Nova Credit application

Thanks .did they still ask for Bank statement as proof of address ?

 

[nthd_nthd]

Thanks .did they still ask for Bank statement as proof of address ?

Yep

 

[Triben]

Thanks .did they still ask for Bank statement as proof of address ?

They ask me for the first GT card but I didn't have any US bank statement. at the end they approved after confirming AU card number. really depend on who you get to talk.
for 2nd GT card they didn't ask.

 

[nthd_nthd]

They ask me for the first GT card but I didn't have any US bank statement. at the end they approved after confirming AU card number. really depend on who you get to talk.
for 2nd GT card they didn't ask.

Wow. You got very nice person then. I couldn’t get anywhere when I started without address verification

 

[Triben]

Wow. You got very nice person then. I couldn’t get anywhere when I started without address verification

I tried many time to get the card approved. That was my second application.

 

[blacksultan]

Does the green Amex card being a charge card count towards chase 5/24 ?