Amex EXPANDS Cash Advance Rules (Beware!): Amex Plat, Gold, Green – Ask Sebby

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Timeline

0:00 Start here + new terms
01:09 Rewards Abuse Team
03:21 US Mint
05:41 Cash Advance Charges
06:48 My Predictions About Shutdowns


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26 comments

Aswin Prasad October 21, 2020 - 9:53 am

I always don't binge and just take a view of my subscription page every day.

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SolidLiquidFox October 21, 2020 - 10:20 am

Amex continues to be a fickle mistress…

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SOULJA OF GOD October 21, 2020 - 10:40 am

I fucked up i spent alot of money and didnt realize to add the offers to get points ooops fuck it 🤣🤣🤣🤣 Gold card

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Gustavo Pagliacci October 21, 2020 - 11:08 am

Hi Sebby!! Tks for the video!! No more end screen music?

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Scott Chau October 21, 2020 - 1:04 pm

Love the videos been watching since 2k sub !

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Wojciech Mm October 21, 2020 - 2:28 pm

Wait, can we still buy gold and platinum jewelry to hit sign up bonuses?

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Mike Firoved October 21, 2020 - 5:06 pm

This actually will save me, thanks for the info. I will not use Amex for my coin purchases. I wonder if they can tell, if its just a paypal transaction behind a ebay purchase

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Count Chocula October 21, 2020 - 6:27 pm

[insert viewer engagement here]

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q n October 21, 2020 - 6:39 pm

Watch out, the RAT is after you.

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Jon Layo October 21, 2020 - 6:57 pm

I work for Amex and you explained them perfectly at 6 mins 🤣

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James P October 21, 2020 - 8:04 pm

I can't imagine taking a cash advance! I get cash in the local currency with my ATM card lol. As for precious metals, obviously the pricing is much better buying it with cash. If I need to make minimum spend, I just wait until I need to buy some expensive stuff before applying for a card rather than paying extra to use the new card for rent/gold etc.

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levi machado October 21, 2020 - 8:48 pm

At first they came for the libertarians/buyers of gold and silver, but I wasn't one of them, so I stayed silent…

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levi machado October 21, 2020 - 8:52 pm

Sebby, any way I can get around it? I'm not even a big gamer only open about 1 amex a year, but I'm quite frugal with my spending, spreading it around multiple cards. I got the level 4 not eligible for bonus anymore. (any strategy to get them to take me back again?)

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Jimme FZ October 21, 2020 - 9:48 pm

First thing i thought about was watches, i know someone who buys hard to find Rolexs and resells them. My only question is why do they care? unless the merchant is refusing to pay the swipe fee what does it matter to them if you resell?

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Jorgio Castro October 22, 2020 - 1:46 am

They are surpressing Ben Hedges because he’s trash. Team Sebby all the way.

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American Microsoldering October 22, 2020 - 2:06 am

Hey!! Good job bro

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Fatkelly99 October 22, 2020 - 1:48 pm

Hey not sure if everyone with the Citi double cash card got this but I been getting a $35 dollar credit for the past 3 months as a covid assistance 🙌🙌

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Luckygirl3157 From the Islands October 22, 2020 - 2:43 pm

LOL…. Yes AMEX is that very attractive boyfriend/girlfriend that is vengeful and holds a grudge. 😝. I defaulted with them during the great recession and they still won’t give me a card 💳. 750 Fico and an OK income 25% utilization

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Kabloosh October 23, 2020 - 1:55 pm

I never understood using cash advance. Why not just find an ATM and use your debit card?

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Amuihe October 23, 2020 - 11:43 pm

Hey Sebby, you mentioned in another video that you went through most of the Amex Plat flavors. Did you downgrade/cancel them after a while or do you still actively maintain them? Thanks

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Jaremy October 25, 2020 - 12:33 am

I am one of those people who had the Blue cash everyday card years ago. I was pre-approved for the Gold card with 60K SUB. They said that it was under review. When I called, they said that I could not get the SUB, only the card, even though I was pre-approved. They couldn't tell me why. I was going to move to Amex, but now I'm seriously reconsidering.

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Eric Donovan October 26, 2020 - 7:22 am

I think diamonds/jewelry is okay if you want to buy stuff like that INSTEAD of gold/silver.

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He Provides October 30, 2020 - 12:50 pm

I think this is a huge (bad) deal. As someone who has purchased PM coins for years, this could be an added cost (loss of points/cash back) to me.

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Zach Weinberger November 12, 2020 - 9:59 pm

It's so ironic that the Rewards Abuse Team can go by RAT

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chris nilson September 21, 2021 - 1:35 pm

So paying one's property taxes are a Cash Equivalent?

I Charged $ 6000 of local real estate taxes which included service fees.

Will I get cancelled?

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