Strategy to obtain US Amex

[nj12]

Can I ask please - Chase INK Cash Card holders - What is your strategies in using this card for their 5x multiplier? Is it Office works purchase and Is Chase ok with Gift Cards/Visa/Master?
Saw a DP on Chase shutting down accounts related to GC purchase but What's your experience please?

Also, my recent DP, I had Chase Ink Unlimited and been repeatedly rejected for another NFee Ink card. P2 had INK Preferred and got approved for another INK Cash. So my rejection is more likely to do with their new Language on No Fee cards. YMMV.

I use Chase Ink Cash for Mobile phone, foxtel and Internet payments and all are 5x multipliers. I have also bought several $1000 Visa GC's from Officeworks as a part Car payment. I bought one a week for several weeks to space it out. Got the 5x points and no issues from Chase Fraud etc. Pity about the foreign transaction fees on that card though.
I got approved for the Ink Unlimited in October despite holding the Ink Cash since last October.

 

[Ktan89]

A friend is residing in NYC and I should be able to use their address. What else is required to do a global amex transfer? - can someone give me a summary?
Also, what is usually the points transfer rate from here to there?

Im thinking of banking my points there but still use my local card here. Does this work?

 

[metaphase]

A friend is residing in NYC and I should be able to use their address. What else is required to do a global amex transfer? - can someone give me a summary?
Also, what is usually the points transfer rate from here to there?

Im thinking of banking my points there but still use my local card here. Does this work?

Yes that sounds ideal if you've got an address you can use.
Please see earlier posts for the 'how to' - there's quite a bit to read but lots of useful info.
Points transfer is at the exchange rate, IIRC only once a year?
As long as you keep the card open then no issue banking them points there, generally transfer ratios are better from the US MR cards.

 

[nthd_nthd]

I use Chase Ink Cash for Mobile phone, foxtel and Internet payments and all are 5x multipliers. I have also bought several $1000 Visa GC's from Officeworks as a part Car payment. I bought one a week for several weeks to space it out. Got the 5x points and no issues from Chase Fraud etc. Pity about the foreign transaction fees on that card though.
I got approved for the Ink Unlimited in October despite holding the Ink Cash since last October.

Thank you for your Dp. So probably Chase doesn't like me anymore lol.

 

[big_RED]

Anything purchased on a US card I put the amount in the USD column then use a conversion of that cell to translate it into an approximate AUD cost. I update the exchange rate once per month. That's close enough for me.

Good to know. So you don't mind about what +/- that's occurred with the FX rate

How much are you spending on your USD card(s)? If it works out to a certain amount a month, then just buy that quantity in USD for your US CC settlements.

Probably just over-thinking it. FX losses are a real potential esp if our Pacific Peso nosedives dramatically and in the very short term against the USD. I don’t use my US cards for business spend so that risk is largely managed by buying a similar amount of currency to keep in my US checking account (which likely pays as low a rate as my AU transaction account so there’s no opportunity cost there - my mortgage lender doesn’t offer an offset).

Spending $160k/yr. Varying amounts/mth but typically evening...

Good comment re offset account. I was thinking I buy USD every month as a bit of a DCA approach which would be a large AUD proportion sitting in USD in my Wise account not helping at all re the mortgage

Each time I make a transaction I immediately transfer the amount (which shows as a pending transaction on my US cards app, unlike the Aussie & UK ones) in to my Wise account and convert it into USD. That way the spend and funding takes place at roughly the same exchange rate and I incur no forex loss (but I do, obviously, have the Wise fees)..

This will be my exact process as well. I don't think I'll have the persistence to transfer amounts for every single transaction.

Maybe I transfer once a month and cut my losses as it'll hopefully all even out. And maybe my AUD budgeting is +/-5%