@Closingracer99 wrote:
@RecoveredDebtaholic wrote:Yes indeed there is, and if you'll note most of my experience is contrary to that thread, low spend, multiple payments, exceeded 25k without getting a 4506T, etc. Thanks for your helpful post.
@destine2grow wrote:
There is already an amex 3x CLI thread.
That thread shows Trends of What Amex does ... Just because you didn't get asked for a 4506T doesn't mean nobody else will. It is called a guide and from most accounts Amex will ask for it. Same goes for other things like Manufactured spending. MS is a no-no for Credit cards But there is probably people who do it a lot and never get into trouble while there is people who has gotten in trouble for doing it
I have frequently done MS with Amex over the past year to the tune of 20-30k without issues. In fact, when I call Amex they always say your accounts are in excellent standing. Should they have a problem with MS in the future, no problem. They can close the cards since I only have a combined credit limit of 15k on four cards and the PRG has a current spending ability of 40k. It wouldn't be the end of the world in my case. Granted Amex has denied my a cli the last two times that I've applied. Again, no problem there either.
(Formerly known as: Credit is my hobby (1.6M)/TCL objective)
@RecoveredDebtaholic wrote:Hi all, just wanted to share a data point that is contrary to MOST info you find on this subject when researching the Amex 3x CLI.
Acct opened 6/30
Initial credit limit 10k
3x CLI requested online at day 63 on a Sunday on a holiday weekend
Spend put through the card in those 63 days was $1200.00
Payments were made as I made charges, if the website allowed I pulled payment from my linked checking account, if not I pushed payments from alternate checking account.
So if I charged 50 bucks, I paid 50 bucks same day or next day, largest single charge was $188.00
The last charge I made was approx at day 50 when I met minimum spend to get bonus. Bonus posted to my account very quickly.
I shopped at Walmart, online pet food, grocery, gas, lowes, vet clinic, Target, directv bill payment, att cell bill payment.
Request full 3x instant approval to 30k
No 4506T or additional documentation required. This is my only Amex
Congrats on your 3x cli. Thanks for sharing!
@12njoy wrote:
@Closingracer99 wrote:
@RecoveredDebtaholic wrote:Yes indeed there is, and if you'll note most of my experience is contrary to that thread, low spend, multiple payments, exceeded 25k without getting a 4506T, etc. Thanks for your helpful post.
@destine2grow wrote:
There is already an amex 3x CLI thread.
That thread shows Trends of What Amex does ... Just because you didn't get asked for a 4506T doesn't mean nobody else will. It is called a guide and from most accounts Amex will ask for it. Same goes for other things like Manufactured spending. MS is a no-no for Credit cards But there is probably people who do it a lot and never get into trouble while there is people who has gotten in trouble for doing itI have frequently done MS with Amex over the past year to the tune of 20-30k without issues. In fact, when I call Amex they always say your accounts are in excellent standing. Should they have a problem with MS in the future, no problem. They can close the cards since I only have a combined credit limit of 15k on four cards and the PRG has a current spending ability of 40k. It wouldn't be the end of the world in my case. Granted Amex has denied my a cli the last two times that I've applied. Again, no problem there either.
Once again They can Close cards because of MSing.... Just because you don't doesn't mean it doesn't happen. Just because OP didn't get asked for forms for a CLI doesn't mean they don't ask for it. Generally censuses says you have a higher risk of getting asked when going above 24k. Msing is do at your own risk. As far as No Forms it is all YMMV
@RecoveredDebtaholic wrote:Hi all, just wanted to share a data point that is contrary to MOST info you find on this subject when researching the Amex 3x CLI.
Acct opened 6/30
Initial credit limit 10k
3x CLI requested online at day 63 on a Sunday on a holiday weekend
Spend put through the card in those 63 days was $1200.00
Payments were made as I made charges, if the website allowed I pulled payment from my linked checking account, if not I pushed payments from alternate checking account.
So if I charged 50 bucks, I paid 50 bucks same day or next day, largest single charge was $188.00
The last charge I made was approx at day 50 when I met minimum spend to get bonus. Bonus posted to my account very quickly.
I shopped at Walmart, online pet food, grocery, gas, lowes, vet clinic, Target, directv bill payment, att cell bill payment.
Request full 3x instant approval to 30k
No 4506T or additional documentation required. This is my only Amex
Don't mean to pry, but may we ask what your income is?
@keithB wrote:
@RecoveredDebtaholic wrote:Hi all, just wanted to share a data point that is contrary to MOST info you find on this subject when researching the Amex 3x CLI.
Acct opened 6/30
Initial credit limit 10k
3x CLI requested online at day 63 on a Sunday on a holiday weekend
Spend put through the card in those 63 days was $1200.00
Payments were made as I made charges, if the website allowed I pulled payment from my linked checking account, if not I pushed payments from alternate checking account.
So if I charged 50 bucks, I paid 50 bucks same day or next day, largest single charge was $188.00
The last charge I made was approx at day 50 when I met minimum spend to get bonus. Bonus posted to my account very quickly.
I shopped at Walmart, online pet food, grocery, gas, lowes, vet clinic, Target, directv bill payment, att cell bill payment.
Request full 3x instant approval to 30k
No 4506T or additional documentation required. This is my only AmexDon't mean to pry, but may we ask what your income is?
Lol, that's ironic, everybody hopes to avoids the dreaded FR or 4506T as intrusive. I have no problem sharing, my income is zero. Uncompensated unofficially retired since 2009. Household income however is a smidge over 100k.
Congrats and thanks for sharing the info!
