Do No Limit credit cards exist?

[Anonymous]

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@jamesdwi wrote:

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@mikemsceo wrote:

Thats fine,

so sign me up..

what do i have to do to get one?

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@Anonymous wrote:

Amex Charge cards have no preset spending limit.... but you do have an internal limit with Amex, and if you cross it, they'll decline the charge.

Plus you have to pay in full each month. 

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getting one is easy, just apply,  enter your income at 2 million dollars a month, and availble assets of 10 million plus, as you press submit, begin filling out your 4406-T, or just have you personal accountant or tax attorney begin the process, hit your banks manager or personal banker speed dial button on your phone and tell him to expect a call from AMEX or just 3 way call them and be prepared to answer questions about your accounts from AMEX, it should be rather painless perhaps a 2 week process if AMEX doesn't accept the word of your personal banker. Perhaps have your personal banker EFT 2-3 million into an AMEX CD or money market account for good measure and they will overnight the card of your choice. 

simple really.

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That's how i did it.

[Anonymous]

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@jamesdwi wrote:

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@mikemsceo wrote:

Thats fine,

so sign me up..

what do i have to do to get one?

---

@Anonymous wrote:

Amex Charge cards have no preset spending limit.... but you do have an internal limit with Amex, and if you cross it, they'll decline the charge.

Plus you have to pay in full each month. 

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getting one is easy, just apply,  enter your income at 2 million dollars a month, and availble assets of 10 million plus, as you press submit, begin filling out your 4406-T, or just have you personal accountant or tax attorney begin the process, hit your banks manager or personal banker speed dial button on your phone and tell him to expect a call from AMEX or just 3 way call them and be prepared to answer questions about your accounts from AMEX, it should be rather painless perhaps a 2 week process if AMEX doesn't accept the word of your personal banker. Perhaps have your personal banker EFT 2-3 million into an AMEX CD or money market account for good measure and they will overnight the card of your choice. 

simple really.

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LMAO!

[red259]

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@mikemsceo wrote:

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@Anonymous wrote:

You just apply like every other card. 

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So, i don't have to be Jay z is what you're saying...

or have an income of $7520fsdf54gdfg ???

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If you don't have the income to support it don't expect to to be able to spend millions of dollars. Make no mistake about it. Amex (or any other charge card) will have a limit. They just don't tell you what it is and it can change month to month.

[Anonymous]

Does it have 1% cash back on all purchases?

[enharu]

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@mikemsceo wrote:

Does it have 1% cash back on all purchases?

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it's 1 MR point per dollar spent. 

The premier rewards gold has bonus categories that gives you 2 and 3 points for specific categories.

1 MR point is equivalent to 1% in cashback if you redeem for gift cards. If you use it for statement credit, it is worth less than 1%. If you use it for travel, or transfer it to airlines, then you will be getting more than 1% essentially but that's a whole new "game" to learn.

[chalupaman]

As others have said, there are charge cards but you have to be sure you pay the full amount they ask you to pay. No exceptions even though sometimes people can be eligible for Amex's Pay Over Time feature. My spending limit increased after only two months of having my NPSL card.

[Anonymous]

What's stopping me from racking up 1 million. selling the tangible goods and then collecting the 1% on the one millionI just spent? Or in this case less than 1%

[Anonymous]

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@mikemsceo wrote:

What's stopping me from racking up 1 million. selling the tangible goods and then collecting the 1% on the one millionI just spent? Or in this case less than 1%

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Dead man walkin'. We've got a dead man walkin' here.

Potential FR situation...?

[Luscher]

Although they do not have a set credit limit that you can always see, they DO have a limit of there own which varies at times. You will never get close to a million in spending

[longtimelurker]

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@mikemsceo wrote:

What's stopping me from racking up 1 million. selling the tangible goods and then collecting the 1% on the one millionI just spent? Or in this case less than 1%

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You said earlier that you DID understand the concept of no preset spending limit not meaning unlimited.   Now I am not so sure you do!

Basically, just as with any credit card, every time (more or less) you attempt a transaction, the issuer has to approve it.   Even on a normal cc, a charge might be refused because the issuer suspects fraud/unauthorized use.  If you tried to spend 1M, and you didn't have the income or assets, the charges would be denied.