Crashem wrote:Its unclear how to get centurion at the moment. Current rumor is only certain types of expenses (hotel travel etc) count towards getting centurion.
As for getting F/R, I have significant documented income that is actually higher than what I put on the application. My assumption is that they knew my income and would stop me from spending when they felt uncomfortable. If I got F/R, I would pass. Even if they put hard cap on it, it wouldn't really matter. I would just put that much through and have business pay and then wash and repeat. BTW, this is how a bunch of people I know got centurions back in the day. They could easily spend 100-150k on google advertising a month.
I stopped doing it however as I like UR points a bit more at the moment. Using INK and Palladium for points. Its a little of a pain as our advertising vendors typically complain if I use credit cards too much because of the fees.
Crashem wrote:Cyberius, I think you would be okay. If F/R, they would ask for tax transcripts. You would just need to explain to them the business expenses and provide proof. I think the risk of F/R hassle assuming income matches app income for all those points
To give you idea, I probably put 500k on Plat card in 6 months and stated income is little less than that. No problems or hiccups once I got my internal limits up. Although I tended to pay charges off so probably no more than 70k outstanding at any time.
FastSRT8 wrote:Very interesting thread. I wonder what percentage of these FR comes or gets called on new users? If you have been with them for many years AND are in good standing, I can't see them doing this to you. It's like asking your most loyal customer (thru good and bad economic times) to prove their wealth? That's weird. IF you are religiously making all your payments, this should not happen. Just make sure you MAKE your payments... then this should not be an issue.
PopiLopi wrote:If amex selected me for F/R I would probably submit the papers, but it really depends on how deep they're willing to go. I have nothing to hide, but as MemberSince99 said, I don't feel comfortable with this people knocking on my door and asking me to provide paperwork about my assets, especially if I've never had a late or missed payment.j
I do like Amex because I'm relatively new to credit and they're the only company that lets me charge over $3k a month without having to pay off the card every week because I've reached my limit halfway the billing cycle. It's convenient, safer than a credit card and I love the face of people when I paid with my Amex card, I'm 25yrs old but to my luck or disgrace I have a high school kid face, so they always wonder "is that her card?"