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Contributor
CreditEd
Posts: 140
Registered: ‎07-01-2012

Got My NPSL Back!!!

About a year ago I laid awake in bed dreaming of how to maximize getting AMEX points. I LOVE my AMEX points as I spend them regularly for many amazon purchases. In fact I bought a ceramic grill from Amazon this summer specifically because I could buy it in full with Amex points. I also buy many things via paypal and have my AMEX card as my primary pay source.

 

As the old saying goes "idol minds are the work of the Devil... (or something like that???)"

 

So I got the great idea to open a second paypal account and pay myself and transfer money to myself while funding the payments with my AMEX card. I did about three transactions and BOOYAWWWW!!!. AMEX did a financial review on me. After lots of begging and pleading I talked the lady in to not taking my card in total. But she did impose an $8,000 per month limit on my card. This REALLY hurt b/c I pay all of my automated bills via AMEX card, and even my kids tuition through a payment plan service and fund it through my AMEX card. So I hit and exceed this limit quite a bit through the year.

 

Whole point of this story is that so many people have tried to accumulate points by transferring funds through paypal that the legal clauses (fineprint) that you accept upon applying for your AMEX card expressly prohibit transferring money to yourself via paypal. And I am living proof that they will come down on you like a ton of bricks!!!

 

So as on 8/20/12 AMEX has just removed my cap and again granted me my NPSL!!!!! The scarlet letter has been lifted:catvery-happy:

All Thanks to myFico:
AMEX Business Platinum (NPSL) | AMEX Business SPG ($25,000) | AMEX Delta Sky Platinum ($10,000 | AMEX H. Honors ($2,000) | Citi Hilton Honors Reserve ($14,000) | Citi Diamond Preferred ($4,700) | Citi ThankYou Preferred ($3,200) | Chase Freedom ($3,000) | FNBO Platinum MC (awaiting the limit) | HSBC Platinum ($2,000) | US Bank Cash+ Visa Signature ($5,000)
Valued Contributor
trumpet-205
Posts: 2,177
Registered: ‎11-11-2010

Re: Got My NPSL Back!!!

You are lucky that PayPal or AMEX didn't shut you down for this. Using two PayPal accounts to transfer money in between is against both companies policy! Especially with AMEX since technically this is a cash advance transaction.

 

Good to hear you got your NPSL back, don't repeat your mistake again.

In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Contributor
CreditEd
Posts: 140
Registered: ‎07-01-2012

Re: Got My NPSL Back!!!


trumpet-205 wrote:

You are lucky that PayPal or AMEX didn't shut you down for this. Using two PayPal accounts to transfer money in between is against both companies policy! Especially with AMEX since technically this is a cash advance transaction.

 

Good to hear you got your NPSL back, don't repeat your mistake again.


Believe me. I was in tears on the phone. Not only will I not do this anymore, I'll also be doing ALOT of reading of the Terms and Agreement of each and every new trade line that I open.

All Thanks to myFico:
AMEX Business Platinum (NPSL) | AMEX Business SPG ($25,000) | AMEX Delta Sky Platinum ($10,000 | AMEX H. Honors ($2,000) | Citi Hilton Honors Reserve ($14,000) | Citi Diamond Preferred ($4,700) | Citi ThankYou Preferred ($3,200) | Chase Freedom ($3,000) | FNBO Platinum MC (awaiting the limit) | HSBC Platinum ($2,000) | US Bank Cash+ Visa Signature ($5,000)
Established Contributor
n777ua
Posts: 566
Registered: ‎05-29-2011

Re: Got My NPSL Back!!!

I can't believe they let you keep the account at all.  This is one of the biggest 'no-no's' at Amex & Paypal...glad it worked out

Amex Green NPSL, Amex BCE $19.7k, Amex HH Surpass $11.3k, Amex Business Gold NPSL, Chase Ink Bold $15k (flex)Chase Sapphire Preffered $26k, Citi Diamond $13.3k, Citi TY Preferred $10.5k, Virgin Atlantic Amex $8k, Discover Motiva $10k, Boa World Elite $10k, US Bank Visa $4.1k, GE Amazon $4k, GE Lowes $6k, BillMeLater $4.4k, Target $.2k, CapOne $2k Von Maur NPSL,
Contributor
CreditEd
Posts: 140
Registered: ‎07-01-2012

Re: Got My NPSL Back!!!


n777ua wrote:

I can't believe they let you keep the account at all.  This is one of the biggest 'no-no's' at Amex & Paypal...glad it worked out


Hopefully some other embesile will see this thread rather than jumping off the personal fiscal cliff...

All Thanks to myFico:
AMEX Business Platinum (NPSL) | AMEX Business SPG ($25,000) | AMEX Delta Sky Platinum ($10,000 | AMEX H. Honors ($2,000) | Citi Hilton Honors Reserve ($14,000) | Citi Diamond Preferred ($4,700) | Citi ThankYou Preferred ($3,200) | Chase Freedom ($3,000) | FNBO Platinum MC (awaiting the limit) | HSBC Platinum ($2,000) | US Bank Cash+ Visa Signature ($5,000)
Established Contributor
CribDuchess
Posts: 595
Registered: ‎09-12-2011

Re: Got My NPSL Back!!!

That's a tough lesson to learn - you were very lucky!  Thanks for posting/sharing your experience.  Glad it worked out for you.

FICOs: TU08 841 6/3/14 per Wally; TU98 800 4/8/14; EQ04 769 6/8/14; EQ08 810 6/10/14; EX 805 6/12/14 per MyFICO

My Wallet: Amex Gold NPSL; Amex Optima Platinum $25K; Amex Costco TE $15K; Amex BCE $12K; BofA Visa $10.1K; Cap1 Quicksilver Visa Sig $10K; CSP $28.2K; Chase Freedom MC $7.5K; Citi Simplicity Visa $15.1K; Discover IT $22.5K; Sallie Mae WMC $12.5K; US Bank Cash+ Visa Sig $20K; Walmart Discover $10K; Wells Fargo Rewards Visa Sig $14K
Valued Contributor
RockinRay
Posts: 1,939
Registered: ‎08-13-2007

Re: Got My NPSL Back!!!

Yep - you caught a lucky break on this.

 

Learn and move forward...

Ray

** Every Card has a Job, and Every Card does its Job **

Regular Contributor
ACsteel
Posts: 226
Registered: ‎08-19-2012

Re: Got My NPSL Back!!!

Reminds me of an officer and a gentleman:

 

 "“In every class, there’s always one joker who thinks that he’s smarter than me. In this class, that happens to be you. Isn’t it, Mayonnaise?” 

 


Good break man, good luck and do the right thing from on now!


Garden Member Since: 2014 - 4 - 1
EX FICO | 2014 - 3 - 1 | 793
Contributor
CreditEd
Posts: 140
Registered: ‎07-01-2012

Re: Got My NPSL Back!!!


RockinRay wrote:

Yep - you caught a lucky break on this.

 

Learn and move forward...


Actually got my Gold Card (at the time) declined buying a $32 makeup case for my Sister n Laws Christmas present last December. A large autopay bill had hit my account the night previously. Could have done a Larry David skit based off of my reaction...

 

Was also surprised that they offerred me an upgrade to Platinum prior to this being clreared as well. Trust me, I've learned my lesson!!! 

All Thanks to myFico:
AMEX Business Platinum (NPSL) | AMEX Business SPG ($25,000) | AMEX Delta Sky Platinum ($10,000 | AMEX H. Honors ($2,000) | Citi Hilton Honors Reserve ($14,000) | Citi Diamond Preferred ($4,700) | Citi ThankYou Preferred ($3,200) | Chase Freedom ($3,000) | FNBO Platinum MC (awaiting the limit) | HSBC Platinum ($2,000) | US Bank Cash+ Visa Signature ($5,000)
Moderator Emeritus
webhopper
Posts: 7,230
Registered: ‎09-16-2011

Re: Got My NPSL Back!!!

Congrats on getting your NPSL back!

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
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