Strategy to obtain US Amex

[Tiki]

Bad news for sole proprietor Chase business cards apps. Lots or corroborating evidence in the comments. Now 3/24.

Has Chase Changed The 5/24 Rule For Sole Props? (3/24 For Sole Props)

Recently there has been some discussion regarding Chase changing the 5/24 rule when applying for a Chase business card as a sole proprietor. This is because front line Chase reps are telling…

www.doctorofcredit.com

 

[velli25]

Not sure if that one is flagged as a CRMA. I use Planet Express and they sent a letter there to confirm it both last year when I got a AAdvantage card and just 2 days ago when I applied for a Strata Premier. There is a code on the letter. You should have an application number, you type the code in and it will then hopefully approve you. I think if you get to the address verification stage they have already checked you out enough that you qualify for the credit line. They pulled Equifax for me.

Thanks. Called re-con and was told 7-10 days for a letter. No other reason was provided. Hopefully MyUS accepts letters!

 

[blacksultan]

Applied for gold Amex for friend through GT .gor approved but surprisingly no sign up bonus . First US card . Is that normal ? Any tips ? Should he withdraw and try again maybe in 30 days ?

 

[aaa99]

Applied for gold Amex for friend through GT .gor approved but surprisingly no sign up bonus . First US card . Is that normal ? Any tips ? Should he withdraw and try again maybe in 30 days ?

So, this happened to my P2.
She called the GT number and got a sign up bonus going via that

 

[blacksultan]

So, this happened to my P2.
She called the GT number and got a sign up bonus going via that

So did she first withdraw the online application and then make a fresh application ? Or did they work on same original application ? Did they ask for proof of address etc again ?TIA

 

[AppleJune]

Suggest the first GT be a CC, not a charge card, because a charge card won't really help build your credit profile.

 

[DAC1]

Suggest the first GT be a CC, not a charge card, because a charge card won't really help build your credit profile.

It’s not a huge deal. I went a charge card first to transfer Australian MRs over which was more lucrative. Got three other credit cards (HSBC, Amex, Chase) within 12 months of my GT.

 

[AppleJune]

Yeah, it just charges cards have no preset spending limit, so it generally does not contribute to a normal revolving credit limit in FICO utilisation calculations.

CC gives you something more useful when your U.S. file is brand new: a reported credit limit, balance, utilisation, and payment history.

 

[aaa99]

So did she first withdraw the online application and then make a fresh application ? Or did they work on same original application ? Did they ask for proof of address etc again ?TIA

So, the online application mentioned there won't be any bonus after they entered all the details and just before they hit submit (like a pop-up jail). So, she was able to withdraw it at that point

 

[blacksultan]

So, the online application mentioned there won't be any bonus after they entered all the details and just before they hit submit (like a pop-up jail). So, she was able to withdraw it at that point

Ok I didn’t get any indication . In fact it appears the bonus is variable now as it says upto 100 k. Points .

 

[GerrardGerrard]

Hopefully 0000 will do the trick! Or in the US for their pumps I remember I normally used my postcode for my non-US cards and that seemed to work!

I used it at a unmanned Costco fuel station. Worked perfectly, just accepted the transaction as soon as I inserted the card. So all good!

 

[metaphase]

Can be worthwhile even just for the checking account opening bonuses, i've definitely done well out of it. Let me know if you want a referal for the Chase checking bonus, it's up to $400 at the moment

Damn, from looking at the terms it seems they're all quite strict on what counts and needs to be payment from an employer/gov't? I had a look at a couple of the ones from that Doctor of Credit site -

Chase:

To receive the checking bonus: 1) Open a new Chase Total Checking account, which is subject to approval; AND 2) Have your direct deposit made to this account within 90 days of coupon enrollment. Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. Person to Person payments (such as Zelle®) are not considered a direct deposit.

BoA:

A “Qualifying Direct Deposit” is a direct deposit of regular monthly income (such as your salary, pension or Social Security benefits, which are made by your employer or other payer) using account and routing numbers that you provide to them. Examples of non-qualifying transfers and deposits include the following: teller deposits, wire transfers, debit card transfers, ATM transfers or deposits, Online and Mobile Banking transfers or deposits, or transfers from a bank or brokerage account or Merrill investment account.

What Counts as Direct Deposit for Bank Bonuses? seems to confirm this too?