How to avoid an Amex account shutdown in 2020 and my thoughts on why this is happening. Learn more about Point Rewards cards: Click “Show More” to see Ad Disclosure
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46 comments
Glad I don’t have Amex…this is just too much drama lol
Can you tell us how you got Plat Elite?
What's not in your wallet…now?
I recently got a CLD from Amex. The rep basically told me that it was part of an "annual review" – to note, i did have a balance on there for several months, then paid it off, 2 days later my CLD was slashed. I have been told by research that this is no coincidence and that they are balance chasing. The rep told me otherwise, they said it was just coincidence and that I could appeal it by sending in docs. With this being said, Im not concerned bc I wasn't doing anything wrong and it was just because of a balance being carried which is now paid off. I dont plan on sending in docs to dispute it as I dont need the extended credit line, I will just wait for it to increase on its own and refrain from keeping a balance on Amex.
Overall I think they are cracking down. I keep in mind now that they are a charge card at heard, regardless of if it is an actual credit card or not. Every company has its benefits/constraints. For amex, dont hold a long term balance, keep your payments on time, keep your score decent, and dont abuse their reward system.
Also if you were abusing their system, IMO thats your own fault, obviously they arent going to let people get away with that
Had no idea self-referral was even a thing.
well shit haha i just self refereed a few days ago!
So basically,don’t try to rip Amex (or other card issuers) off and they will be good to you. Seems simple.
0:12 “How not to piss off American Express in 2020” 😂
I thought Sebby usually beep out profanities… what happened @ 0:30?
Out of millions of accounts, like ten get shut down and it's all over teh interwebz echo chamber and seems like an epidemic.
Basically, don't be a d*ck!
W Maldives Wow Ocean Escape Suite. 😍 Video tour / review of how all your room upgrade experiences have been, please !!
Does Chase frown upon self referring business cards?
AskSebby: I like to travel. I like FREE stuff. I need to pay Property Taxes by Dec31 of about $22,000. I did the Southwest Companion Cards last year. Already have Sapphire Reserve. I'm heavy in Chase cards but not AMEX. What ideas of new cards would be good for this massive purchase? Thoughts?
Where can we transfer our points to?
When you upgrade or apply to a card, we tell you: We may take away your points or cancel your card if you cancel or downgrade your card withing 12 months of upgrading". So far I've seen people only getting their points taken away. Self referral is also a big no. Do not break the terms or bye bye.
I sent myself my referral link with all 5 of my Amex cards and got the points or cash with no problem I guess nothing happened cause I never closed them after I redeemed the points
AE will not tolerate any BS, especially self referral and other quick money schemes. If it sounds shady, AE will destroy you by shutting down all your accounts and cancelling your points. THEN, AE will block you for any future cards. Not worth it
I got an FR yesterday. I'm currently waiting to hear back…
In Amex，we trust？
I know you have talked about this here and there, but since the shopping season is upon us why don’t you make a video comparing price protection and warranty cards have? Some of us have high tier card where other have lower tier ones. So a general overview among different cards would be amazing
Can you product change on chase and get bonus every 2 years?
Who cares about this sleazy company? They closed my account because I asked them to lower my exorbitant interest rates after I had a setback. They did so, but punished me by closing my account after I paid it off. Best thing they ever did for me. They lack compassion and empathy, and offer items made from the skins of abused ostriches, crocodiles, and alligators as rewards. Sick!!! They are disgusting and should be ashamed of themselves. Good riddance, AMEX!
If you’re trying to scam or abuse you’re getting shut down. You deserve it.
Just stop trying to churn the hell out of AMEX.
Oh, it's fair. Let's play by the rules. All that foolishness makes it hard for us do gooders. An innocent move could prove detrimental…
This is why I resisted the urge to self refer and just asked people on FB for links lol
So glad my Amex is cash back. Did you know that Amex Magnet added a 3.5% cash back on grocery stores for this card until year end? Would love it if they would make this perk permanent since Magnet is no fee card.
Sebby, I am interested in getting an AE card but I don't know where or how to start. I was sent an application a few months ago but ignored it. I don't want to game the system, credit is good, and have it for travel mainly. What do you suggest? Call the company or go online and fill out an app?
I know this sounds like a super basic question, but I really want the best card for me and I don't know where to start 🙂
Hi Sebby, I love your channel. So here, my question I currently have 3 Amex cards as follows Platinum (personal), Amex business, and Amex Delta. I want to shut my Amex business, and the yearly fee has gone up this year. I get my more benefits platinum and delta Amex (yes I fly a lot in the US), do you see any issue closing the business card.
Where should I transfer my Amex points to?
Amex honored purchase protection when I broke my Apple-watch screen about 30 days after purchase. Walmart (online order) and Apple refused to help. Amex refunded me. I hope Amex doesnt cancel me.
Best is canceling your AMEX and use your debit card because AMEX is like debit cards.
This is why we can’t have nice things
Luckily not affected. Plat charge in Singapore.
You sound a lot like this guy I follow. Not to be an insult or anything just very similar talking Style.
https://youtu.be/uY8Fww6kOn0
What about if you don't use a high value card that I haven't used it for 8 to 9 month's.
Also if I use like 1 or 2 % of my credit line is that an issue
Oh mah gerd, I cant use the piece of plastic that charges me interest.
If playing the rewards game if your jam; your already fucked in the head.
Girlfriend and I just got the amex green card. Do I have to worry about them shutting us down by using it for gas, food, restaurants etc. mainly using for everyday needs for the most part? I’m a little worried that our monthly spend on the card won’t be enough… I’m planning on charging 1,000-1,500 a month on this card
Early 2018 I got an Amex Gold Skymiles card and got the mile bonus with my spending. Right after I got an Everyday card the got that miles bonus. Before the year anniversary and fee came due for the Gold card I chatted with support and asked if there was any penalty for canceling and they canceled it no problem. A few weeks later I got an email offer to open a Gold Skymile card again with another bonus after meeting the spend requirements. I did it and just left it open after I got the bonus, I haven't used it since really. I use my Everyday card for everything. I've been looking at the Platinum card recently and am wondering if I should ask to upgrade my Gold card. The $550 fee is steep but after watching your's and some others videos it seems like that can be offset overall with some good planning. I do wish the Uber credit was as needed and not $15 per month because I like taking Uber or Lyft all over Vegas when I visit.
Southwest gift card glitch still working for Amex airline credit ?
If you game the system, and Amex is losing significant sums of money on you, don't be surprised if they shut you down…
Simply in Ebonics, don’t f with Amex
What if you hit the minimum spend and do a transfer balance to a card with 0% apr ? Will that affect me ?
Can u apply again if u got your account shutdown?
Amex is so petty… chase all the way!
The thumbnail had me thinking you was the guy from Healthy Junk Food . Man you guys look alike lol