Wave of AMEX SHUTDOWNS Hits Credit Card Users – The Credit Shifu

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American Express card holders have been hit with a wave of shutdowns on their amex cards. This is because a lot of people have been using paypal key to pay for things through plastiq that they shouldn’t really be using amex cards for. More explained in the video.

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35 comments

Following Maria - Travel Hacking December 11, 2020 - 2:04 am

Finally experienced a Centurion Lounge for the first time yesterday at SEA! Even through there was no full food service (now grab-n-go), spending time there instead of the terminal seating was GREAT.

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Mason 美生 December 11, 2020 - 2:20 am

Credit cards getting shut down is something that scares me.

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David December 11, 2020 - 3:39 am

Biggest single point earning transaction aside from ones that hit a SUB would be paying my rent on my freedom flex with PPK, so I maxed the category spend pretty easily

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Shadi December 11, 2020 - 4:31 am

Do a video on how plastiq worksssss

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A December 11, 2020 - 4:42 am

I used paypal key with my discover card when they had 5% on paypal to only pay 1% fee on plastiq. Was great that one time while it lasted lol

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Amir Moradi December 11, 2020 - 5:22 am

So just to be clear, if someone uses their amex with paypal key to pay on plastiq something that amex does allow (like rent) it should not trigger RAT? I'm asking because I think if you use paypal key and it codes as a debit card then plastiq takes a smaller fee

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phych December 11, 2020 - 5:25 am

No two words strike more fear and frustration to AMEX card holders than "Incidental Credit"

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Keeks The Culture•holic December 11, 2020 - 6:38 am

Ironically an Amex commercial before this video lol

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fanficrocks December 11, 2020 - 7:51 am

Could you please talk about the whole visa / MasterCard crackdown on porn hub and it's parent company?

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Viet Anh Chu December 11, 2020 - 11:21 am

when can you drop a video about Amex UK or credit cards in the UK?

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LaBounti December 11, 2020 - 1:19 pm

Waiting on that Baby Yoda Amex green Green card.

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ItsFrankie December 11, 2020 - 2:48 pm

Hahaha that last bit made me giggle "Let me know if it was legal or not"

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Mark Pepin December 11, 2020 - 5:39 pm

Darn… I was going to pay my auto loan with my AMEX Platinum through plastiq to get the 100k SUB… guess I need to find another way…

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levi machado December 11, 2020 - 7:05 pm

I'm in the "not approved for welcome bonus" team… no idea how to get out of it

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Jr15642 December 11, 2020 - 7:07 pm

Please cut/comb your hair before going on video lol

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Leonardo Salas December 12, 2020 - 1:14 am

How is it showing the ROSE GOLD card, I thought that was a limited time offer back in 2019..? Does anyone know about this?

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AidanZ December 12, 2020 - 3:58 am

Amex is garbage … they slashed my credit limit by 80% when I had zero balance, I managed to pay off even during this pandemic with half of my normal income and other bills to pay as well. The excuse .. I had too many requests for credit line increase (credit checks). A total bullshit, never again. Amex you piece of garbage

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jdog1988x December 12, 2020 - 12:42 pm

I have no sympathy for those getting their accounts shut downs for manufactured spending and referring themselves.

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Manuel Salas December 12, 2020 - 4:12 pm

Closed my gold a couple months ago. Not traveling = not needed

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q n December 12, 2020 - 6:20 pm

Don't be the cheese to these RATs. They are so hungry that they will eat all your cards and points as well.

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KBT Ken December 12, 2020 - 11:24 pm

I only use my AMEX card for big purchases so I don’t have to over charge my Chase cards for the month

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In between projects December 13, 2020 - 1:58 am

Bro that’s awesome glad to see you at the rally freedom 🌍 America

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Grand Master Mawile December 13, 2020 - 2:17 pm

Is it a good idea to apply for a new credit card after buying a car

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Barba December 13, 2020 - 9:49 pm

Can you do a review of a service called Slide that claims to offer unlimited 4% cash back on brands supported in the app on top of credit card rewards?

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BertiferousRex December 13, 2020 - 10:05 pm

GROGU. That is all.

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Black Pill LoneWolf Thinker December 14, 2020 - 4:28 am

My humble credit limit is 1k haha 😂

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Jim G December 15, 2020 - 12:10 am

AMEX does not us to use their card for automobile payments. I assume that only applies to car loan payments. Does AMEX prohibit the use of their cards for an automobile purchase? For example, if paying cash for a car, does AMEX allow us to charge the entire purchase price on an AMEX Platinum card, or an other AMEX card with no purchase limits?

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Justin Vacula December 16, 2020 - 10:21 pm

Manufactured spend doesn't have to be an all-or-nothing pursuit with one extreme being using PPK to Pay Amex with three for all as you described.

You can do some level of MS without being shutdown. For instance, many clear $25k spaced out over time on Chase Ink Cash with Staples gift cards for 5x points. Why not do this if you have the ability and time?

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Nancy S. Macario December 22, 2020 - 9:21 pm

Just want to say you’ll always get a thumbs up from me. Always great advise and am closing on my first home in a few days. Lots of thanks and love from my Family to yours. Happy Holidays/Merry 🎄 Christmas!

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Zenkat January 2, 2021 - 4:45 am

Ah yes, AMEX will continue to love me because I'm just a legitimate cardholder.
Never had a single problem lol.

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DARRYL SMITH January 4, 2021 - 6:44 pm

i told you? and Warned you all. And it will continue to millions over the next 6 years.

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Tom Lee January 5, 2021 - 1:38 am

Here in the UK I've used Billhop to help me meet certain promotional point quotas to pay the private rent on my house. I had a promotion for my Amex Gold Card where if I spent £2000 between December 1st and 31st I would get an additional 1000 points. by December 26th I was still £742 short so put my £1265 rent through Billhop (would usually be done via standing order from my bank account). The service charge was fairly steep, about £40. But worth it for the 1000 points.

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Richard Servello January 15, 2021 - 4:06 pm

I looked up Plastiq. They charge 2.85% for transactions….if you used it to pay rent you would only get 1% back…so it would cost 1.85% to do that. How would you use that to a benefit?

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Gameboyreaper January 25, 2021 - 8:08 am

Kind of stupid of them not to support payment on mortgages.

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First Name Last Name July 13, 2021 - 7:06 am

So I can pay my taxes that are due? I’m Canadian and owe a few $ due to my income. This won’t be an issue?

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