Strategy to obtain US Amex

[mike0430]

Won't work. One option is to buy something off staples.com (eg a gift card) & resell it.

Sole prop is possible.

I had no luck buying gift card at staples, constantly getting declined.

 

[levelnine]

I had no luck buying gift card at staples, constantly getting declined.

Yes, not easy. Can take a bit of persistence to get an account where orders stick, but once you do, it tends to be be safe from cancellations for a while.

 

[dein_gesicht]

I had no luck buying gift card at staples, constantly getting declined.

I tried way many different way to get orders to stick and I gave up. I was even in the US last month and still can't get online to work

 

[Tiki]

I only have 2 business days and a weekend in the States so already limited.
i don't have cash flow to set up new bank accounts. Best I can think of is buying gift cards at office stores for planned shopping to get 5x at least. I am very risk adverse so not interested in buyers groups and such.

 

[Phoenix-1]

Hoping to get some advice for a long term card strategy.

Currently I've gone through the following cards and I'm stting at 3/24:

BoA Secured card 5/2023
Amex Blue Cash Everyday 5/2024
Chase Sapphire preferred 7/2024
Chase Ink Business Unlimited 9/2024 (business cards don't count to 5/24)

I like the idea of collecting Chase points for Hyatt and my aim for US cards mostly is to collect points for hotels. I was also thinking it's best to avoid one off bonuses e.g. Hawaiian miles / AA miles if I'm not going to be regularly collecting them so I can avoid orphan miles.

My thoughts are to continue churning Chase Ink cards and insert other cards as spacers whenever I can. I can't spend a whole lot, so the large spend Amex Business cards are out of the question but $2k USD/month is within reason. Potentially could stretch it to $3k/USD for the Chase Ink Preferred.

My thoughts are to get the Capital One Venture or the Citi Strata Premier as a spacer before going back to Chase Ink Unlimited cards. But I had a few questions regarding my plan. Would appreciate any input:

1. How many of the same Chase Ink flavour can you hold at once? e.g. can I just continuously churn Chase Ink Unlimited cards (Once per 3 months to limit card velocity)
2. Should I be downgrading my CSP? Makes sense annual fee wise but if there are better uses of the 5/24 slot then it makes sense to just hold on to it
3. With other AF cards that take up 5/24 slots, is the long term plan to downgrade these to non-AF cards (eating up another 5/24 slot) or do you just cancel them?
4. Any business cards that are worth considering with relatively low min spend requirements?

 

[nthd_nthd]

Hoping to get some advice for a long term card strategy.

Currently I've gone through the following cards and I'm stting at 3/24:

BoA Secured card 5/2023
Amex Blue Cash Everyday 5/2024
Chase Sapphire preferred 7/2024
Chase Ink Business Unlimited 9/2024 (business cards don't count to 5/24)

I like the idea of collecting Chase points for Hyatt and my aim for US cards mostly is to collect points for hotels. I was also thinking it's best to avoid one off bonuses e.g. Hawaiian miles / AA miles if I'm not going to be regularly collecting them so I can avoid orphan miles.

My thoughts are to continue churning Chase Ink cards and insert other cards as spacers whenever I can. I can't spend a whole lot, so the large spend Amex Business cards are out of the question but $2k USD/month is within reason. Potentially could stretch it to $3k/USD for the Chase Ink Preferred.

My thoughts are to get the Capital One Venture or the Citi Strata Premier as a spacer before going back to Chase Ink Unlimited cards. But I had a few questions regarding my plan. Would appreciate any input:

1. How many of the same Chase Ink flavour can you hold at once? e.g. can I just continuously churn Chase Ink Unlimited cards (Once per 3 months to limit card velocity)
2. Should I be downgrading my CSP? Makes sense annual fee wise but if there are better uses of the 5/24 slot then it makes sense to just hold on to it
3. With other AF cards that take up 5/24 slots, is the long term plan to downgrade these to non-AF cards (eating up another 5/24 slot) or do you just cancel them?
4. Any business cards that are worth considering with relatively low min spend requirements?

Correct me if I am wrong, but once you downgrade/product-change your cards - if there is a possible path to no AF at all- you keep the same account - so it's not taking up another slot 5/24 - That's my understanding - Is it right?

 

[dein_gesicht]

Hoping to get some advice for a long term card strategy.

Currently I've gone through the following cards and I'm stting at 3/24:

BoA Secured card 5/2023
Amex Blue Cash Everyday 5/2024
Chase Sapphire preferred 7/2024
Chase Ink Business Unlimited 9/2024 (business cards don't count to 5/24)

I like the idea of collecting Chase points for Hyatt and my aim for US cards mostly is to collect points for hotels. I was also thinking it's best to avoid one off bonuses e.g. Hawaiian miles / AA miles if I'm not going to be regularly collecting them so I can avoid orphan miles.

My thoughts are to continue churning Chase Ink cards and insert other cards as spacers whenever I can. I can't spend a whole lot, so the large spend Amex Business cards are out of the question but $2k USD/month is within reason. Potentially could stretch it to $3k/USD for the Chase Ink Preferred.

My thoughts are to get the Capital One Venture or the Citi Strata Premier as a spacer before going back to Chase Ink Unlimited cards. But I had a few questions regarding my plan. Would appreciate any input:

1. How many of the same Chase Ink flavour can you hold at once? e.g. can I just continuously churn Chase Ink Unlimited cards (Once per 3 months to limit card velocity)
2. Should I be downgrading my CSP? Makes sense annual fee wise but if there are better uses of the 5/24 slot then it makes sense to just hold on to it
3. With other AF cards that take up 5/24 slots, is the long term plan to downgrade these to non-AF cards (eating up another 5/24 slot) or do you just cancel them?
4. Any business cards that are worth considering with relatively low min spend requirements?

I am no professional, but here are my thoughts:
1. The staus quo has been once every 3 months. HOWEVER, there have emerged a number of reddit threads for people being SD with chase with thin credit and applying too many biz cards. Some where holding large balances too.
2. You need to hold you CSP in order to move chase biz points over to transfer partners otherwise they can only be converted into cash (not hyatt or airlines)
3. I would look at downgrading to no AF if possible. If you need to move credit limit down the track with chase/amex to get a new card approved then that is easy.
4. For biz credit cards, I would look at this post: Best Current Credit Card Sign Up Bonuses & Offers For October, 2024 - Doctor Of Credit

Just one more item, remember some biz cards go into 5/24 so be aware (like C1 biz cards). I think there are a number of good bonuses out there for personal cards before I would go to those personal cards, but it is personal preference

 

[velli25]

Having trouble getting a statement from HSBC US for a residential US address...two months in a row now. Are there any DP's for using a WISE statement as proof of address when applying for a Chase CC?

 

[djchuckles]

Having trouble getting a statement from HSBC US for a residential US address...two months in a row now. Are there any DP's for using a WISE statement as proof of address when applying for a Chase CC?

What problem are you having? I just changed my mailing address to a US address and that came through fine on the statement.

 

[velli25]

What problem are you having? I just changed my mailing address to a US address and that came through fine on the statement.

Was it just your mailing address you changed? or residential address?