topic Re: Interesting stuff I saw today! in Credit Cards

Interesting stuff I saw today!

lexrjSD — Thu, 20 Mar 2014 03:35:35 GMT

So today I was working at a client, it's a jewelry that sells high end watches. I saw first hand the 2 highest purchases I ever seen on a credit card....

First one was for 32k on an AMEX Gold, it went through in less then 3secs, the second one was a whopping 120k on a AMEX Centurion! No problem going through either....kinda cool but also realized that none of my cards would be able to run that.... Maybe my BCP on a very good day! lol

Re: Interesting stuff I saw today!

eddie84 — Thu, 20 Mar 2014 03:53:03 GMT

Wow.. $120k on a Centurion. What did he buy? A watch with a house in it? lol All of my cards combine wouldn't even go that high. Anywho, saw and hold a Centurion card once and that thing was really heavy!

Re: Interesting stuff I saw today!

yudeology101 — Thu, 20 Mar 2014 04:55:46 GMT

Wow, haven't seen $100k purchase like that on jewelry, but I have seen someone buying a car like that with a centurion... Must be nice.

Re: Interesting stuff I saw today!

Anonymous — Thu, 20 Mar 2014 11:06:03 GMT

@yudeology101 wrote:
Wow, haven't seen $100k purchase like that on jewelry, but I have seen someone buying a car like that with a centurion... Must be nice.

I wonder if Visa Black Card does the same thing.......

Re: Interesting stuff I saw today!

takeshi74 — Thu, 20 Mar 2014 12:16:15 GMT

@eddie84 wrote:
A watch with a house in it?

6 figure watches aren't that hard to find and, no, they include a house.

Re: Interesting stuff I saw today!

lexrjSD — Thu, 20 Mar 2014 18:58:05 GMT

@Anonymous wrote:
@yudeology101 wrote:
Wow, haven't seen $100k purchase like that on jewelry, but I have seen someone buying a car like that with a centurion... Must be nice.
I wonder if Visa Black Card does the same thing.......

Visa black card is the biggest marketing bs ever! It's just a regular revolver.....

Re: Interesting stuff I saw today!

bossladymom — Thu, 20 Mar 2014 19:11:40 GMT

Wow that's crazy! I think my jaw would still be hanging lol

Re: Interesting stuff I saw today!

lg8302ch — Thu, 20 Mar 2014 19:20:59 GMT

Too bad you still have to pay the bill ....enough with my 7K medical bill

Re: Interesting stuff I saw today!

Anonymous — Thu, 20 Mar 2014 19:24:15 GMT

Unreal... impressive!

Re: Interesting stuff I saw today!

yudeology101 — Thu, 20 Mar 2014 19:31:37 GMT

@takeshi74 wrote:
@eddie84 wrote:
A watch with a house in it?
6 figure watches aren't that hard to find and, no, they include a house.

If you can buy a house w/ a single swipe transaction on Centurion....wow i'm just wondering how many MR points can you get from it? Is there like a 100x MR points per every house purchase or something? It would be cool if they did lol

Re: Interesting stuff I saw today!

Anonymous — Thu, 20 Mar 2014 19:36:58 GMT

@yudeology101 wrote:
@takeshi74 wrote:
@eddie84 wrote:
A watch with a house in it?
6 figure watches aren't that hard to find and, no, they include a house.
If you can buy a house w/ a single swipe transaction on Centurion....wow i'm just wondering how many MR points can you get from it? Is there like a 100x MR points per every house purchase or something? It would be cool if they did lol

nope still 1x MR per dollar in purchase

This is probably the nicest feature of Amex's NPSL. It's a true NPSL that allows people to spend a lot more than most static lines would allow, though it does depend on one's income and internal score with Amex. A friend of mine just purchased her porsche using her Amex card; dealer wasn't willing to negotiate down the price any further and didn't charge an extra fee for CCs, so might as well get some rewards as additional discounts. Whereas with other cards, she would have to make spilt payments.

Re: Interesting stuff I saw today!

yudeology101 — Thu, 20 Mar 2014 19:40:06 GMT

@Anonymous wrote:
@yudeology101 wrote:
@takeshi74 wrote:
@eddie84 wrote:
A watch with a house in it?
6 figure watches aren't that hard to find and, no, they include a house.
If you can buy a house w/ a single swipe transaction on Centurion....wow i'm just wondering how many MR points can you get from it? Is there like a 100x MR points per every house purchase or something? It would be cool if they did lol
nope still 1x MR per dollar in purchase

This is probably the nicest feature of Amex's NPSL. It's a true NPSL that allows people to spend a lot more than most static lines would allow, though it does depend on one's income and internal score with Amex. A friend of mine just purchased her porsche using her Amex card; dealer wasn't willing to negotiate down the price any further and didn't charge an extra fee for CCs, so might as well get some rewards as additional discounts. Whereas with other cards, she would have to make spilt payments.

Must be nice to get a Porsche like that....is she married? lol

Re: Interesting stuff I saw today!

-NewGuy- — Thu, 20 Mar 2014 19:41:21 GMT

@Anonymous wrote:
@yudeology101 wrote:
@takeshi74 wrote:
@eddie84 wrote:
A watch with a house in it?
6 figure watches aren't that hard to find and, no, they include a house.
If you can buy a house w/ a single swipe transaction on Centurion....wow i'm just wondering how many MR points can you get from it? Is there like a 100x MR points per every house purchase or something? It would be cool if they did lol
nope still 1x MR per dollar in purchase

This is probably the nicest feature of Amex's NPSL. It's a true NPSL that allows people to spend a lot more than most static lines would allow, though it does depend on one's income and internal score with Amex. A friend of mine just purchased her porsche using her Amex card; dealer wasn't willing to negotiate down the price any further and didn't charge an extra fee for CCs, so might as well get some rewards as additional discounts. Whereas with other cards, she would have to make spilt payments.

Enharu, how is this different than say a Visa Sig NPSL? I know with the latter you must pay the entire amount plus minimum payment before the next due date, is that not the case with AMEX?

Re: Interesting stuff I saw today!

Anonymous — Thu, 20 Mar 2014 19:41:27 GMT

@yudeology101 wrote:
Must be nice to get a Porsche like that....is she married? lol

nope still single. just broke up actually lol.

25yo and never worked a single day in her life.

Re: Interesting stuff I saw today!

-NewGuy- — Thu, 20 Mar 2014 19:42:36 GMT

@Anonymous wrote:
@yudeology101 wrote:
Must be nice to get a Porsche like that....is she married? lol
nope still single. just broke up actually lol.
25yo and never worked a single day in her life.

Yude is gonna be all over this...

Re: Interesting stuff I saw today!

yudeology101 — Thu, 20 Mar 2014 19:48:46 GMT

@Anonymous wrote:
@yudeology101 wrote:
Must be nice to get a Porsche like that....is she married? lol
nope still single. just broke up actually lol.
25yo and never worked a single day in her life.

Very nice. Let me hit the gym for a bit and I may have to PM you for her email lol

Re: Interesting stuff I saw today!

Anonymous — Thu, 20 Mar 2014 19:50:20 GMT

@msf12555 wrote:
Enharu, how is this different than say a Visa Sig NPSL? I know with the latter you must pay the entire amount plus minimum payment before the next due date, is that not the case with AMEX?

well visa sig allows you to go above your CL, but in terms of going overlimit, they are generally a lot more conservative.

The bank may not allow you to go over your limit even by a single cent as well depending on your internal score and the type of product you have. Sometimes even if they do, they may only let you go over by say a couple hundred to thousands at best. I wouldn't really count on my freedom card for a 30k charge for instance; doubt chase will approve it.

I have went over the CL on my Citi TYP and CSP cards by close to 50% and the transactions were approved, but I doubt they would have let me charge twice my CL.

Amex NPSL limits are generally much higher, depending on your account history, income and internal score with Amex. They may initiate an FR just to verify your income, but if you are okay with that, then this is probably going to your most useful tool for spending power.

If you need to constantly make 5 figure charges on a card, then Amex NPSL cards are probably going to be the ideal choice for most people.

Re: Interesting stuff I saw today!

-NewGuy- — Thu, 20 Mar 2014 19:54:35 GMT

@Anonymous wrote:
@msf12555 wrote:
Enharu, how is this different than say a Visa Sig NPSL? I know with the latter you must pay the entire amount plus minimum payment before the next due date, is that not the case with AMEX?
well visa sig allows you to go above your CL, but in terms of going overlimit, they are generally a lot more conservative.
The bank may not allow you to go over your limit even by a single cent as well depending on your internal score and the type of product you have. Sometimes even if they do, they may only let you go over by say a couple hundred to thousands at best. I wouldn't really count on my freedom card for a 30k charge for instance; doubt chase will approve it.

I have went over the CL on my Citi TYP and CSP cards by close to 50% and the transactions were approved, but I doubt they would have let me charge twice my CL.

Amex NPSL limits are generally much higher, depending on your account history, income and internal score with Amex. They may initiate an FR just to verify your income, but if you are okay with that, then this is probably going to your most useful tool for spending power.
If you need to constantly make 5 figure charges on a card, then Amex NPSL cards are probably going to be the ideal choice for most people.

Gotcha, that's a great explanation, thank you. When I received my CSP, the literature they sent with it touted it's NPSL ability, which is why I was curious. If I was to use it I would probably call Chase first to give them a heads up or something. Just was curious since they specifically mention that as a benefit.

Re: Interesting stuff I saw today!

Anonymous — Thu, 20 Mar 2014 20:21:32 GMT

@msf12555 wrote:
Gotcha, that's a great explanation, thank you. When I received my CSP, the literature they sent with it touted it's NPSL ability, which is why I was curious. If I was to use it I would probably call Chase first to give them a heads up or something. Just was curious since they specifically mention that as a benefit.

When I went over my CL, I just kept charging and didn't bother calling them.

They approved the transactions as well so i figured everything is ok. However, some people on other forums have said that going over the CL may put the customer above the risk threshold and result in their accounts getting closed, which I suspect may have played a part as well when my accounts were briefly closesd. Chase analysts didn't mention that part to me however so I can't verify if it's true or just a rumor.

Re: Interesting stuff I saw today!

SunriseEarth — Thu, 20 Mar 2014 22:30:47 GMT

@Anonymous wrote:
@yudeology101 wrote:
@takeshi74 wrote:
@eddie84 wrote:
A watch with a house in it?
6 figure watches aren't that hard to find and, no, they include a house.
If you can buy a house w/ a single swipe transaction on Centurion....wow i'm just wondering how many MR points can you get from it? Is there like a 100x MR points per every house purchase or something? It would be cool if they did lol
nope still 1x MR per dollar in purchase

This is probably the nicest feature of Amex's NPSL. It's a true NPSL that allows people to spend a lot more than most static lines would allow, though it does depend on one's income and internal score with Amex. A friend of mine just purchased her porsche using her Amex card; dealer wasn't willing to negotiate down the price any further and didn't charge an extra fee for CCs, so might as well get some rewards as additional discounts. Whereas with other cards, she would have to make spilt payments.

Supposedly, the largest purchase ever put through an AMEX Centurion was a $52 million jet. That'd rack up the MR points.