Why I Got 2 NEW Credit Cards This Month – $5000 Strategy EXPLAINED – The Credit Shifu

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This month I opened both the Amex Business Platinum and the Chase Ink Unlimited. I expect to earn around $5000 in value from the welcome bonuses on these two cards.

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23 comments

Alexander Eiffe March 27, 2023 - 4:18 pm

I thought tax payments weren't working to meet SUBs on Amex business cards anymore.

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Kalash March 27, 2023 - 5:05 pm

Exact the same strategy😂

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Frederick Alfaro March 27, 2023 - 5:13 pm

This reminds me of My biggest win ever was paying for my car repairs from car accident out of pocket and getting reimbursed during the 125k Amex Plat SUB and the repair shop triggering the 10X points on "Shop Small" was over 220K that technically cost me a 500$ deductible so 440+ points per dollar which I just used a small amount at over 2.8cpp value to fly to the Netherlands from texas

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Nico Lavazoli March 27, 2023 - 5:31 pm

You should do watch me apply videos

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Zach March 27, 2023 - 5:49 pm

Amazing video! Those are some top notch hacks👍

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NIKKU March 27, 2023 - 5:58 pm

hey Ben, I applied for the Amex business platinum card last week & I got 170,000 welcome bonus offer
They have pulled the credit only from Experian.

Time to pay uncle sam & it will help me to pay the federal & state tax

DATA POINT:

Relationship with amex 10 years
credit check- Experian
Inquires- 12
credit score-Experian 728,Transunion -670, Equifax-650

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Ethan Patrick | Credit Cards & Finance March 27, 2023 - 6:06 pm

Nice Ben. Paying off your taxes with the cards is a smart move.

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Jason Kazama March 27, 2023 - 6:12 pm

Although that strategy may work for you, I'm out of the game.

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Jason Kazama March 27, 2023 - 6:23 pm

My ex-girlfriend tried to push me to get back in this game, hence why she is my EX-girlfriend.

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Spencer Johnson March 27, 2023 - 6:41 pm

Might as well get some rewards on all these purchases. Uncle Sam can take our tax money, but not our credit card points (at least for now 🤣)

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Ralph Young March 27, 2023 - 7:20 pm

Last year I paid my state taxes with my new AMEX Platinum and none of it counted toward the welcome offer. Mileage may very?

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Michael Goldfuss March 27, 2023 - 9:03 pm

You’re a smart man Ben! Keep it up. Gonna oh my state and federal taxes with a new card too. Simple yet genius

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John Chitty March 27, 2023 - 11:16 pm

Hey Ben, whats in your wifes wallet these days? Also is she a authorized user on your Platinum cards?

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Chase Yokoyama March 27, 2023 - 11:21 pm

Paying taxes to hit a SUB is a 10,000 IQ move

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smart think March 27, 2023 - 11:21 pm

I just got delta gold card and amex gold to pay my taxes!

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Kay Jay March 27, 2023 - 11:32 pm

The title should be “Dear IRS, please don’t audit me” 😂

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Alan Greenberg March 28, 2023 - 12:54 am

$11k tax bill ….. Time to move toFlorida

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caribdude8151 March 28, 2023 - 1:13 am

Congrats on Chase Ink Unlimited approval! Are you now planning on completing the Chase Ink Business Trifecta and getting the Chase Ink Cash now?

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Fahmeed Rokon March 28, 2023 - 1:46 am

You should’ve gotten the Projekt card from IKEA even though it’s personal, it’s 24 months 0% interest. It’s the best card for furnitures

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Ayman Ibrahim March 28, 2023 - 2:22 am

Can you transfer points from ink card to sapphire reserve card?

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Danny Rimes March 28, 2023 - 1:09 pm

The background music was distracting

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Oh So Right March 28, 2023 - 6:15 pm

Amex Play Schwab says I qualify for the card but not the intro points?

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Jane Patton March 30, 2023 - 10:02 pm

Do you pay quarterly? Is there a penalty on those taxes, I pay quarterly, so I am wondering if I should hold off? lol

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