is honesty the best policy always?

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Kaiokenryu
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is honesty the best policy always?

Postby Kaiokenryu » Mon Sep 02, 2013 11:09 pm

I don't want to step on any toes....but I'm asking for practical experienced advice. I would like to hear your opinions if u have actually been in the described scenario.

You get a significant job promotion. This promotion will increase income by 50% thus increasing disposable income and AMEX spending confidence. Do you make call AMEX and let them know of the new salary for your demographic record with them.....or do you keep status quo and simply modify charge habits to match new spending habit and let them figure it out for themselves.

What are any consequences of either decision that may not be obvious?


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FastSRT8
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Postby FastSRT8 » Mon Sep 02, 2013 11:53 pm

I just live my life accordingly. Your spending habits will match.

Why inform them of that? I most certainly would not.
Carpe diem quam minimum credula postero!

Kaiokenryu
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Postby Kaiokenryu » Tue Sep 03, 2013 12:12 am

Is this to imply that I am such a valued member out of hundreds of thousands of card holders and they will simply notice that I am spending 1500 more a month than I previously was? No sarcasm intended..I just believe that without initiative they will not see the value in having me as a member unless I make it known that I a productive source of income. :-)

A partnership is a two way street right? That's how I view card membership.

Rory
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Postby Rory » Tue Sep 03, 2013 12:21 am

lets put it this way, most months i put about 300-500 thru my amex zync, but when school starts in september i make sure to pay for my tuition on my card, around 20k, not once has amex called me, they just adjust the spending power with the charge card accordingly. I would call if it was denied but as long as i am paying in full they dont have any business knowing the details of my work/personal life, im sure they track that enough without my direct contribution.
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Robrus1
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Postby Robrus1 » Tue Sep 03, 2013 7:23 am

If you wanted to update your income you can do it online, there's still no need to call.
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mdl28
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Postby mdl28 » Tue Sep 03, 2013 7:45 pm

Like robeus 1 said, just update your income status online. If you think you can afford the annual fee or make use of a higer tier charge card then maybe apply for that. It sounds like you want to move the card ladder in amex. Good luck and congrats on promotion @ work.
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Kaiokenryu
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Postby Kaiokenryu » Tue Sep 03, 2013 7:50 pm

Thanks for the perspectives.

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FastSRT8
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Postby FastSRT8 » Wed Sep 04, 2013 10:34 am

Still say not necessary.

Let me put it this way and test your two way street thinking. Sure we may be quick to let them know we got a raise but would you be just as quick to let then know you lost your job?

Didn't think so.
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takeshi
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Postby takeshi » Wed Sep 04, 2013 5:53 pm

Kaiokenryu wrote:You get a significant job promotion. This promotion will increase income by 50% thus increasing disposable income and AMEX spending confidence. Do you make call AMEX and let them know of the new salary for your demographic record with them.....or do you keep status quo and simply modify charge habits to match new spending habit and let them figure it out for themselves.

What are any consequences of either decision that may not be obvious?

Think of it this way: what are you going to do when they ask for tax documents to prove your income? Worst case scenario may never pop up for you but you might want to keep it mind.

Kaiokenryu
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Postby Kaiokenryu » Thu Sep 05, 2013 10:20 pm

Good point srt8....a little morose....but good point....sometimes one has to take it there


But thanks to all....



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