American Express SPECIAL OFFERS

[kdm31091]

If your income is $20k, I'm sorry, but there is no point in having a platinum card because your spend will not justify the AF. Beyond the bonus, the card earns 1 point per dollar so even if every single time of income went onto the card, you'd have 20,000 MR points, which even at double value is $400. So you would barely even break even and you obviously cannot spend every penny you make.

The card is geared towards higher income individuals because those are the only people who would be able to justify it long term.

[Anonymous]

In a way that could be true, but untrue at the same time respectively. There are many people who are resellers and literally use their credit cards for other peoples expenses just to rack up rewards. I know one gentleman that is basically unemployeed, but has a Platinum Delta SkyMiles card and he comes into work buying thousands of dollars worth of technology and equipment for other people who own businesses, building houses with little time on their hands, etc. I asked him how he did it and he told me he just posts an ad on Craigslist as someone who will do buying errands for people (plus sometimes charges a convenience fee) and will go out and buy things on his card just to rack up the points and then have the consumer pay him in cash. Puts the cash in his checking account and then pays the card off. 

[CreditCuriosity]

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@Anonymous wrote:

In a way that could be true, but untrue at the same time respectively. There are many people who are resellers and literally use their credit cards for other peoples expenses just to rack up rewards. I know one gentleman that is basically unemployeed, but has a Platinum Delta SkyMiles card and he comes into work buying thousands of dollars worth of technology and equipment for other people who own businesses, building houses with little time on their hands, etc. I asked him how he did it and he told me he just posts an ad on Craigslist as someone who will do buying errands for people (plus sometimes charges a convenience fee) and will go out and buy things on his card just to rack up the points and then have the consumer pay him in cash. Puts the cash in his checking account and then pays the card off. 

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Risky business IMO(will people pay for services once he buys something?  I know I don't use craigslist as I think it is overall lower income people that use it and not worth my time.  Maybe Craiglist is for some people, but would be scared to meet most people that do business on it, this is just me though) and questionable about how IRS would view this?

[Anonymous]

Why do we have to continue seeing these screenshots of american express things from merril lynch or whatever?

[Gmood1]

Craigslist= lower income folks? Lmao really
Sounds kind of ridiculous don't you think?

[Anonymous]

The BCE offer is very tempting.

[Anonymous]

My fiance upgraded to the platinum from the Gold two years ago because we bought 2 mercedes and the Mercedes edition amex was worth the benefits so he upgraded, his income at the time was $85,000 its higher now but he got approved with an $85k income and a relationship with amex established already 

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@Anonymous wrote:

Holy moly! That AMEX Platinum deal is totally worth it, IMO! Then before the AF kicks in, you could always cancel the card like I am going to do my PRG here soon. 

Do any of you guys know the income requirements for the Platinum card? I'm gonna consider it since I am taking a trip to Chicago this fall. 

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[Anonymous]

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@CreditCuriousity wrote:

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@Anonymous wrote:

In a way that could be true, but untrue at the same time respectively. There are many people who are resellers and literally use their credit cards for other peoples expenses just to rack up rewards. I know one gentleman that is basically unemployeed, but has a Platinum Delta SkyMiles card and he comes into work buying thousands of dollars worth of technology and equipment for other people who own businesses, building houses with little time on their hands, etc. I asked him how he did it and he told me he just posts an ad on Craigslist as someone who will do buying errands for people (plus sometimes charges a convenience fee) and will go out and buy things on his card just to rack up the points and then have the consumer pay him in cash. Puts the cash in his checking account and then pays the card off. 

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Risky business IMO(will people pay for services once he buys something?  I know I don't use craigslist as I think it is overall lower income people that use it and not worth my time.  Maybe Craiglist is for some people, but would be scared to meet most people that do business on it, this is just me though) and questionable about how IRS would view this?

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lower income folks?  this made my day!

[CreditCuriosity]

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@Gmood1 wrote:
Craigslist= lower income folks? Lmao really
Sounds kind of ridiculous don't you think?

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Could be.. Just my opinion.. I don't use it personally, so don't really know that much about it.. Just know some shady stuff goes on with the site.  Anyways, appologize if I offended anyone as it probably has all income levels that uses it, just not for me.   More power for the people it works for,, Think the only time I ran across an ad on it was people that buy X model of TV on black friday or whatever for cheap re-posted it on the site trying to make some crazy money.  My only experience with it.

Anyways, this is off topic now.

[Anonymous]

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@CreditCuriousity wrote:

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@Anonymous wrote:

In a way that could be true, but untrue at the same time respectively. There are many people who are resellers and literally use their credit cards for other peoples expenses just to rack up rewards. I know one gentleman that is basically unemployeed, but has a Platinum Delta SkyMiles card and he comes into work buying thousands of dollars worth of technology and equipment for other people who own businesses, building houses with little time on their hands, etc. I asked him how he did it and he told me he just posts an ad on Craigslist as someone who will do buying errands for people (plus sometimes charges a convenience fee) and will go out and buy things on his card just to rack up the points and then have the consumer pay him in cash. Puts the cash in his checking account and then pays the card off. 

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Risky business IMO(will people pay for services once he buys something?  I know I don't use craigslist as I think it is overall lower income people that use it and not worth my time.  Maybe Craiglist is for some people, but would be scared to meet most people that do business on it, this is just me though) and questionable about how IRS would view this?

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Mercedes would only trade my 2006 Slk55 that had 65,000 miles for $16,000. Recieved a certified check from Navy Federal Credit Union for $20,000 from a guy on craigslist and was cleared in 2 days.