What this Black Card Holder Could do with His 45 Million Amex Points – The Credit Shifu

Honestly… I think he should donate some of those rewards points to me. With a family of 5, I could use it to take a nice trip.

Dave actually did start a foundation to donate money to businesses that were shut down during COVID (laundrymats, restaurants, etc.). Look up the Barstool Fund. That specific charity probably isn't as necessary now, but I could see him cashing it out and donating it if somebody brought that to him as an option. I doubt he probably even knows that he can do that.

*Black Card Holder*

…clearly a white guy

Or you could just set up a bunch of shell companies and have each apply for sign up bonuses. You can apply at the IRS site for an EIN and get it instantly in a few minutes. Legally you don't even need to file with any states' department of state of corporation bureau equivalent b/c a long time ago a judge decided that it wasn't necessary using the promissory estoppel rule, saying if it looks and acts like a corporation but its only deficiency is the lack of filing paperwork, then it will be treated as a corporation. This comes up in corporate tax law sometimes. Ideally though, you should register with at least one state, especially if it is a real operational business. It's just one more solidification that your business is legit. Now, if you don't register the corporation, you may have a hard time convincing some moron lackey at a bank that your business is real. Some do request the formation papers, along with bylaws, and EIN. Technically you only need an EIN if you are going to have employees and/or file corporate tax returns instead of passing the income through on your personal return. It's just smoother to get the EIN, especially when some states will make up a dummy EIN for you if you don't have one but apply for certain things, like a sales tax license for instance.

It would be nice if amex points could be passed on to a significant other or child who is old enough with an amex account legitimately. Kind of like your lottery winners.

He puts $200k on a football game

Nice video. I saw Dave’s clip and got a good laugh out of the cashier naively saying he could probably go on a trip. Was hoping someone would do a reaction to it like this. Well done!

I like your CS idea and donate, but add a twist; since there is a cap, change the charity every cap. Spread the philanthropy. I hope you and your family have a Happy Thanksgiving, sir.

I love this haha, funny, I did a video on Liu Yiqian and called him Liu “Youqian” as you would already understand the joke Ben haha.

I tried to do the same to break down the point value and CNBC stated that with Liu’s Amex points, he could travel from JFK to Hong Kong 677 times I believe which is enough for him, his children, his children’s children and so on!

Great video 师傅！

I want more MR points….send them my way!!! 😆 🤣

you can see your points and use it for in-store shopping? what??

I thought this was going to be about the guy from China… Who buys all of his paintings with his Centurion

Can you have a Centurian and Platinum card? I always thought that once you accept the Centurian invitation, your platinum was no longer valid.

I think he should not bring so much attention. I can see legislators looking at this and wanting to count that as taxable income…