GOALS: 1.Reach a $2,000,000 Credit Limit, 2.Get Amex Centurion Card, 3.Get JP Morgan Palladium Card

[shniku]

1st Goal: Reaching $2,000,000 Credit Limit 

These are all of my OPEN accounts:

Chase Freedom Visa                      - $15,000 limit        

Chase Freedom MC                         - $900 limit            

CITI Cash Returns Credit MC        - $15,000 limit     

CITI Business VISA                          - $10,000 limit         

PayPal MC                                          - $4,900 limit

AmEx Blue                                          - $500 limit            

Best Buy Store Card                        - $2,900 limit

Macy's Store Card                            - $800 limit           

Sears MC                                            -$11,400 limit  

BestBuy MasterCard                        -$10,000 limit     

JP Morgan Select Signature           -$15,000 limit

AmEx Business Platinum                -$112,000 limit (highest amount approved for so far)

Total Limit:                                           $198,400  (9.92% of my goal of 2M total credit limits)

2nd Goal: Getting AmEx Centurion Card

My Plan: Charge 500k on AmEx Business Platinum in hopes of getting Centurion invitation

Charges as of   9/23/2011: $13,763  (2.75%)

Charges as of  10/04/2011: $25,180  (5.04%)

Charges as of 10/19/2011: $31,696  (6.34%)

Charges as of 11/07/2011: $46,005 (9.20%)

Charges as of 11/23/2011: 

Charges as of 12/23/2011: 

Charges as of   1/23/2012:  

Charges as of   2/23/2012:  

Charges as of   3/23/2012:  

Charges as of   4/23/2012:  

Charges as of   5/23/2012:  

Charges as of   6/23/2012:  

Charges as of   7/23/2012:  

Charges as of   8/23/2012:

Charges as of   9/23/2012:  

3rd Goal: Getting JP Morgan Palladium Card

My Plan: Get $30,000,000 in assets then invest it with Chase.

I have no clue how to do this. Can someone tell me how to get $30,000,000?

My Credit Scores:

FICO: 775

EX: 742

EQ: 765

TU:742

[cashnocredit]

You don't need a JPM account, let alone private bank status, to get a Palladium card. You just need excellent credit and fairly high, probably >300k income.

[OnTheRebound]

My Plan: Get $30,000,000 in assets then invest it with Chase.

I have no clue how to do this. Can someone tell me how to get $30,000,000?

My Credit Scores:

FICO: 775

EX: 742

EQ: 765

TU:742

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Win the lottery!!

Personally, I gave up acquiring my first $30M. I am now working on my second $30M.

[shniku]

I just got the JPM Select Signature, which I suppose is second hardest Chase card to get. I almost applied for the Palladium, but I didn't think I would get approved, so I just did the JPM Select Signature Card application online. I also felt that it would improve my odds if I had that card first and spend white a bit on it the first year. Now, I am not sure whether I should spend on AmEx Platinum, or JPM SS. 

[Anonymous]

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@shniku wrote:

My Credit Scores:

FICO: 775

EX: 742

EQ: 765

TU:742

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^ My favorite part.  You're so rich you get a 4th score that nobody else in the world gets.

[Anonymous]

if you have that kind of money why would you need a credit card?

[shniku]

The first score is the score from my myFico Score Watch subscription and is listed as an Equifax FICO score.

The second score is Experian FAKO Score, which Experian calls PLUS score

The third score is the Equifax FAKO Score, which Equifax calls ScorePower 

Finally the fourth score is the TransUnion FAKO Score, which TransUnion calls credit score

From what I know, the FAKO scores are different from FICO scores in that they go only to 830 and not 850 like FICO scores. The FAKO scores are also known as PLUS scores. However only Experian calls their score PLUS score. Each of the three credit bureaus have another score called the VantageScore which goes to 990. 

So the really rich people in the would get nine scores:

1.Experian FICO score

2.Equifax FICO score

3.TransUnion FICO score

4.Experian PLUS score

5.Equifax ScorePower 

6.TransUnion credit score

7.Experian VantageScore

8.Equifax VantageScore

9.TransUnion VantageScore

It's a mess, isn't it?

[HoahCredit]

My question is: Is it possible to have a credit line, combined, that high?

[Anonymous]

This whole thread makes me remember back in the 90s when we were all worth 7million on paper. Let the good times roll!

[HoahCredit]

Hahahahaha!!!

Good point Balbanes.