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re: Question for you guys that jump on these Credit Card Promotions
Posted on 12/11/13 at 6:41 pm to Teddy Ruxpin
Posted on 12/11/13 at 6:41 pm to Teddy Ruxpin
So if I did this with my delta Amex to the tune of 60k... They would catch this pretty quick right?
2
Posted on 12/11/13 at 7:02 pm to BACONisMEATcandy
"This" being manufacturing spend?
The answer is "it depends"
Amex does financial reviews so if you have an income along with an SO that could theoretically support that level of spending then you are fine from what I can tell.
They really are looking for people making 40k a year with 200k in spending or purchases that don't match previous activity. I started slow and spread the spend across my cards and my SO's.
Hope that was your question.
ETA: I also have legitimate expenses that I'm covering as well such as rent and student loans. Since I could afford these straight up, my level of spend doesn't alert them as being a risk of default. They are more worried about holding the bag, not too much about what you are doing, but that is still there as well.
The answer is "it depends"
Amex does financial reviews so if you have an income along with an SO that could theoretically support that level of spending then you are fine from what I can tell.
They really are looking for people making 40k a year with 200k in spending or purchases that don't match previous activity. I started slow and spread the spend across my cards and my SO's.
Hope that was your question.
ETA: I also have legitimate expenses that I'm covering as well such as rent and student loans. Since I could afford these straight up, my level of spend doesn't alert them as being a risk of default. They are more worried about holding the bag, not too much about what you are doing, but that is still there as well.
This post was edited on 12/11/13 at 7:10 pm
Posted on 12/11/13 at 11:08 pm to BACONisMEATcandy
From what I've read, Amex is the only card that you have to be careful with for manufactured spend. My wife and I use our Amex spg frequently and also put a considerable amount of MS on it.
60k/yr is substantial in MS. I wouldn't personally do that much on one account. I would spread that over a couple cards. I only hit 30k to get spg gold and move to another card.
60k/yr is substantial in MS. I wouldn't personally do that much on one account. I would spread that over a couple cards. I only hit 30k to get spg gold and move to another card.
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