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