Thanks for the content! Would love to know your thoughts on altitude go sometime soon.

When you set up a business account, they ask you what type and amount of transactions will be going through the account. You let them know upfront if you are a cash intensive business.

To answer your question re: shutdowns: For me, none. But I have seen other KZreadrs get their account shut down due to the aggressive AU activity that you mentioned. I do - _pretty much_, only have an Amex setup. I'm not concerned with me returning things although I had an offer from Amex to buy from the company, etc. Just normal spend, didn't like it, I returned it and got a "minus" in my account for points / rebates, etc. I'm using the cards what would reflect my typical way of spend / returns, etc.

Sebby, went are doing another live talk and answer questions?

A wealth of valuable info. Thanks,

@AskSebby

4 жыл бұрын

Glad it was helpful!

Your always on point

Seb, another whats in my wallet video plz! Prob CSR,gold, aspire to use up credits but curious what u got!

Did not know about CTRs and structuring, that alone is worth a like. I haven’t hit the 10k mark but I have had to deposit large sums of cash before. I’ve found myself in a pinch and was too lazy to wait to link the two accounts online 🤣

Great information

Capital One would always take may payments from the wrong account. Then they closed my credit cards. My bank account is still open. I now have AMEX everyday cash.

Great Stuff!

@AskSebby

4 жыл бұрын

Thanks!

When you do the review for the new us bank altitude go credit card, can you talk about what counts as dining? Does that include fast food and restaurants? I also have the us bank cash + which has a 5% back on fast food. So I’m wondering what dining means.

@AskSebby

4 жыл бұрын

Just filmed it and editing now. It should be all dining (restaurants, food delivery, etc.)

well it happened…..after 8 years with chase and over$750k worth of transactions and 8 chase cards, they shut me down. Definitely had to deal with a lot of cash transactions. I own a grocery store and paid all of the balances with cash. (im talking $9k balance in cash.) Did get two CTRS in the last year. Oh well.

Sebby, you da man.

if i upgrade an amex that ive had for years to a platinum, will that be a hard pull or soft? thanks!

I'll be interested to know what Dave Ramsey thinks about all this !!

Just like how you described, I've had high utilization for quite a while...needed to finance my biz costs on my personal cards, it is what it is. Zero late payments, but Chase shut down all 3 of my accounts! Devastated and trying to figure out what to do next to prevent other issuers from following suit!

@PaultheSheik

3 жыл бұрын

Credit cards are not for financing businesses. Now if you had many different cards from different issuers you could rotate.

@KP99

2 жыл бұрын

How high was your util on the Chase cards when they did that? I'm trying to get a sense of how high I should go before worrying about Chase doing that. I know standard recommendation is 30%, but were you well above that? 50 or 60%?

My Chase cards were shut down because one of my cards overdrafted on their checking account. I’m still trying to get out of their list.

Pardon me what about when you pay,,,,oh you just answered my question about paying off credit cards and they still shut u down because you don't use it. Thanks

HSBC doesn’t mess around now after that fine. Basically no checking or savings account is instantly opened. You need to wait at least a week for your application to be reviewed. I actually need to follow up with them to move the application along.

@AskSebby

4 жыл бұрын

I was wondering why HSBC seemed so slow with their process. Makes sense in retrospect.

This video had everything. Only thing missing was more Mandy edits/comments.

@AskSebby

4 жыл бұрын

Noted!

AMEX is the one credit card company I want to stay on their good side. Really like their cards and offers!

@Jamal1kyle

4 жыл бұрын

I got 4 Amex CCs all with 1k limits for 2yrs without increase. Im about ready to close all. Lol

@mrstinaleonard

4 жыл бұрын

@@Jamal1kyle did you get them before your credit profile was good. You can have a decent score but credit limit is also about profile not solely score...keep them but try a credit union or local bank for higher limits come back after using for a bit and ask for increase

@Jamal1kyle

4 жыл бұрын

My 1st 2 CCs I had 700 score and last 2 were high 600s. I called them today and called them out on not getting limit increase on none of my 4 cards stuck at 1k. They said they noted account and will review.

@mrstinaleonard

4 жыл бұрын

@@Jamal1kyle ok well that sounds promising...I would still work on profile and establishing relationships elsewhere as well. Credit unions are normally generous. Whatever you do don't embellish what acnt be proven with Amex as far as income because they do financial review and will ask for income tax info

@MrBuckaroo2014

4 жыл бұрын

Me, too. I don't want them pissed at me.

Definitely going to try personal capital

@AskSebby

4 жыл бұрын

:)

I have a platinum uk charge and I don’t use the spending power button very often but I was approved for 10k and then the next week I was declined for 2k. They seem to be very erratic at the moment Amex .. Any idea why ?

@imperium2000

4 жыл бұрын

Amex charge cards have a soft limit. So you're probably past the algorithm's limit.

@Holdeenio

4 жыл бұрын

@@imperium2000 in the UK, Amex use your external credit report, combined with internal information on past usage, combined with the current national risk strategy to determine spending power on charge. The enquiry tool isn't accurate and should only be a guide. If you never miss payments and don't carry balances on other products, as long as your spending is within your usual pattern, it'll usually be approved regardless of your total current balance.

Does this mean if u deposit 10k cash in one year period?

buying staples GC with Amex 10% off promo?

I opened an Amex gold last October, an auto loan early January (almost paid off), and a BCE about a month ago, which apparently hasn’t reported yet. I was just approved for a United Explorer card yesterday, and I didn’t realize that my BCE hadn’t reported to the bureaus yet before I applied. Should I be concerned about that? I do have another card with Chase, which has been open for about 7 years.

@AskSebby

2 жыл бұрын

No, you should be fine. Your velocity is pretty reasonable.

Hey Sebby, you kind of jumped into this “here’s a couple ways cards can get shutdown” topic at ~0:22 with basically no background info. Idk if that was intentional to get ppls attentions, but it made it super confusing as if we missed something that was discussed previously

@AskSebby

4 жыл бұрын

The initial edit had more background. Mandy cuts stuff that she finds boring -- I'm a boring person :)

Aloha Sebby, My credit scores are in the 825-830 range and just this past week, I got an email from Amex saying they are shutting down my very old Amex blue card because of inactivity. In honesty, I looked back at my emails and saw that they sent me a warning email in March saying, “to avoid your card shut down by charging on it.” Which I did, thinking Iʻd do it again in six months. Well as I said previously, I got an email this past week from Amex saying it shut down my Blue account. I am very sad they did it. My question to you, how will it affect my Platinum account if any? I use that card religiously. Also the day after the shutdown, my Transunion score went down 6 points. Iʻm assuming it will come back up in a short time. I use 1%,that I pay off monthly, of my total credit available which is in the $200,000 range. Why would they do this since I have been with them for over 30 years. Should I apply for an Amex card in the next 6 months? Thanks for your channel.

@imperium2000

4 жыл бұрын

Shut downs for inactive credit accounts occur because unused credit still incurs a cost and is still a risk to Amex. They also closed it since they assumed you didn't seem to care about the account. You could easily keep such accounts alive by doing a small monthly recurring charge(donation, Amazon refills etc) with autopay. I use my old Amex Blue Cash card to donate $10 a month to the local classical music radio station. You may be able to call Amex and ask them to reopen the account if it just occurred 1-2weeks ago..

Had a couple of my bank accounts shut down 😬

Sebby... I got brilliant credit score its perfect !!! But PayPal wouldn't re-open my account for more then 10 years ??? Will I be banned for ever on PayPal??? PayPal are independent ???

@edennis3202

4 жыл бұрын

Maybe you said something on social media that they didn't like. I know of several KZread creators who were banned by PayPal for politics.

Sebb- Is someone able to apply for the Amex Marriott Card as well as the Chase Marriott Card? If approved for both, will they get both bonuses, and will the membership accounts be combined? Thanks!

@AskSebby

4 жыл бұрын

One Lane Rule (you can check the terms to confirm): www.asksebby.com/blog/rules-to-know-for-chase-marriott-and-amex-spg-cards-signup-bonus-restrictions

The amazon 0.50 cent reload was really helpful!!! I have a card I need to do that with so I don’t get shutdown... thanks 🙏

@AskSebby

4 жыл бұрын

Glad it was helpful!

The thumbnail for this video. LMAO. Going to cut the gold card with scissors huh?🤪

@RichardServello

3 жыл бұрын

I have one and it's thicc! Gonna be hard to cut.

What if you had some credits reversed so you had a negative balance?

triggered a financial review by discover they requested a 4506-C I do have adequate income but I get psyched about getting credit.

Squuuuuad! Keep up the great content!!!

@AskSebby

4 жыл бұрын

🔥🔥🔥

People are still moving to Seattle? Yikes!

"The bank could lose their charter" (for engaging in shady practices) hahahaha! I needed a good laugh today.

Should I be concerned if I transfer/deposit a couple funds to Robinhood?

@AskSebby

4 жыл бұрын

Robinhood's fine (in my experience). Fingers crossed :)

Sebby is the best

Why doesnt Amex just check at time of referral and not pay the bonus in the first place for a self referral? Seems very simple to do

@AskSebby

4 жыл бұрын

I think it's an excuse to: 1) Not pay the bonus 2) Get rid of non-profitable customers for "violations" 3) Make sure they can't "cash out and run"

What is the Amex Retention line number?

@AskSebby

4 жыл бұрын

I would just call the back of your card and get transferred. Amex is usually pretty quick with answering phones.

7:34 instantly clicked like

Larry. haha! Made me laugh!

Hey Sebby, we talked a week ago about my 2 Discover cards that where around 50% utilization and my limits where cut in half. I have payed one of them down to 0 balance and now i'm working on the other 1. At what point will Discover increase my limit or would i have to request an increase once the economy stabilize? Thanks

@AskSebby

4 жыл бұрын

I'd circle back once we get "back to normal" -- requesting it now might raise a red flag. Not worth it to me.

Not true entirely. I deposited more than 300k a week at one point. Nothing happened to me

What I want to know is when these Banks get fined billions of dollars. Where does all that money go? Sure someone had to prosecute the bank and someone had to be a judge. But then what about the rest of it?

@youngalwyn1124

2 жыл бұрын

Unless otherwise directed by law, I believe that all monies collected through fines are deposited in the national treasury.

有意思

Would AmEx have any beef with me if I used my Platinum card for a car downpayment? (Going towards welcome bonus)

@toothybj

3 жыл бұрын

To answer this - I applied $4k to the card for downpayment and nobody had any issues. Ended up meeting the welcome bonus, which this contributed to (plus the 4k normal points that the transaction got). Bing bang boom

@poop101205

2 жыл бұрын

I did the same thing for my gold card and chase card

Does Amex shut people down for purchasing GC?

@AskSebby

4 жыл бұрын

Only cash equivalents like Visa gift cards. Store and merchant gift cards are fine.

I wouldn't recommend Capital One. They can't even compete with Discover®️ customer service at all. C1 doesn't want to increase my credit limit even though I'm always on time and my other cards have a higher credit limit lol🥱🥱

@idkwhyiam9440

4 жыл бұрын

are you using a good portion of the CL or even at all? maybe thats why

@mylifeisamememylifeispathe3140

4 жыл бұрын

@@idkwhyiam9440 C1 gave me the most dumbest excuse. They said this card doesn't allow an increase 😐 I'm gladly moving to chase now. I hate to sound like a Karen but yeah

@AskSebby

4 жыл бұрын

Capital One is a fickle beast.

@idkwhyiam9440

4 жыл бұрын

@@AskSebby go to bed sebby!... how c1 fickle?

@bionicwoman9884

4 жыл бұрын

I like Capital one. I have 3 cards with them.

My friend just had CHASE closed down her account and I was just denied the Chase Hyatt card, it would have been the last card for my 5/24.

@AskSebby

4 жыл бұрын

Chase (and most issuers right now) are pretty shutdown happy -- especially if you have high utilization. You might need to carve room to get approved: www.asksebby.com/blog/why-you-should-consider-lowering-your-chase-credit-card-limits If you want to talk strategy: www.asksebby.com/free-card-consultation

@tien8641

4 жыл бұрын

@@AskSebby Thank you so much Sebby. Really appreciate and like all your videos and advice. Have been so helpful. In the end, I decided to just move onto the Amex Hilton Surpass card and come back to Chase in 2022.

Thanks for this Sebby 🙏🏼. Guess we have to play it safe when using our cards to pay for dinners and trips where family members pay us back in cash.

Today I just got approved for the chase freedom with a $17,400 CL.

@johncorbett59

4 жыл бұрын

I got my IHG card a couple months ago with a $17,400 limit myself. That's a weird number to match exactly lmao. Must be an algorithm thing.

@roaring-turtle

4 жыл бұрын

Watcha do for a livin, daaamm

Hi Sebby does metal or heavier weighted cards really get you better service or is that just bs?

@ThunderStruck94660

4 жыл бұрын

Mel M I do get comments from servers when I use my Amex Platinum. When I paid a bill the other day one of my friends told the server to expect to run my credit card twice (as a joke), she told him “I don’t worry when someone hands me a Amex Plat card”.

What is the best foreign transaction fee card?

@AskSebby

4 жыл бұрын

Probably CSR or Amex Gold assuming you're eating a lot while abroad.

@DatBwoiXERXESdem

4 жыл бұрын

Ask Sebby any suggestion for a mastercard or visa? Yes i do lol

@AskSebby

4 жыл бұрын

CSR or Citi Prestige? It's a REALLY open ended question ("what's the best fish"). If you want to talk more long-term strategy: www.asksebby.com/free-card-consultation

@DatBwoiXERXESdem

4 жыл бұрын

Im from canada so couldnt fill out the survey my bad lol, yeah i have the amex platinum and dont know if its good to go for the CSR unless if you think it is then ill pull the trigger for it. Amex is just not accepted as much anywhere so its a bit of a doozy.

Dang bank are Soo controlling I moving to Canada 🤔

Hahaha, "Ask SMB."

I had a 13 year old capitalone card that was just closed. 😞

@darrylsmith3102

4 жыл бұрын

You should say WHY!... Or the reason they gave.

@topcomment3816

4 жыл бұрын

DARRYL SMITH “Due to no usage for the past 2 years.”

@topcomment3816

4 жыл бұрын

blue jay Yes. Lol. That’s why it’s sad. And my wife was an authorized user, so we both took a hit on our average age...

@topcomment3816

4 жыл бұрын

blue jay Huh?

HSBC didn't care, their 'funders' paid that fee and they continued to do the same thing... smh

"Only fans" Hilarious!!!

@AskSebby

4 жыл бұрын

😏

@joshuaweston9338

4 жыл бұрын

Shut up and take my money 💴

@999124999

3 жыл бұрын

@@AskSebby i am disappointed, i looked in the tabs below looking for the link and was told you were joking… jk

So I was a straight up idiot and carried 99% utilization on my 11 accounts for a few years now, I am finally getting my shit together and aggressively paying off all the debt I have. Does this mean I am pretty much guaranteed to have my accounts shut down as soon as I pay them off? Anything I can do to avoid it?

@AskSebby

4 жыл бұрын

Not necessarily. I would just pay them down and see what happens. Balance chasing on their end is a risk though (but risk either way).

Nooo, not Larry!

@AskSebby

4 жыл бұрын

No Larry's allowed.

@larrychan811

4 жыл бұрын

@@AskSebby 😭😂

How to Launder 101..

I just need to say: Wow people are very creative. If you ask me how many of these I could have thought of myself, I'd probably say 0.

hahahah the onlyfans comment is gold!

Just do one deposite of $987.65

@AskSebby

4 жыл бұрын

"IRS, he's here!" :)

LETTTTTS ROLLLLLLLL SEBBBBBBBBBB 🤙🤙🤙🤙

@AskSebby

4 жыл бұрын

🔥🔥🔥

Onlyfans LOL

@AskSebby

4 жыл бұрын

😏

@wannabedal-adx458

4 жыл бұрын

@@AskSebby I missed that joke.

It’s to complicated too be a thief! #smh #fraud

So banks are going to turn you away because of large amounts of deposits and loose out on making some kind of interest! 😅😂🤣Ok!!

@MaddMan621

4 жыл бұрын

To clarify, the CTR is only gonna be for a 10,000 cash deposit, and it’s only gonna affect you if the money is actually dirty. If you deposit a 100,000 dollar check or something it’s likely just gonna be the normal clearing process.

@edennis3202

4 жыл бұрын

@@MaddMan621 Wow, that isn't true! Many legitimate businesses have had their money confiscated for no good reason, then had to sue the government to get it back.

@edennis3202

4 жыл бұрын

@@MaddMan621 Here's just one example. ij.org/press-release/iowa-forfeiture-release-10-27-2014/

@edennis3202

4 жыл бұрын

@@MaddMan621 And again: reason.com/2016/06/30/could-the-irs-empty-your-bank/?amp

@edennis3202

4 жыл бұрын

@@MaddMan621 And this article is a doozy. www.cbsnews.com/amp/news/irs-seize-millions-innocent-people/#app

So basically be a normal person and don’t try to pull any scams? Got it.

My bank shut me down because I only had $2 in it

@tinataylor4203

3 жыл бұрын

I have 50cents in my account every month for years. I have direct deposit for my social security check. 780 a month an they gave me their card with 10,500 limit after 3years

@tinataylor4203

3 жыл бұрын

I use Bank of America an started with they're secured card

Im a “Sebby” 😂😂😂

more mandy soles needed

Can’t help but to visualize Drake walking up to ATM’s with hundreds of thousands of dollars

Hahahahah only fans. Where’s the liiiink????!!!!

CCards are over rated...

@AskSebby

4 жыл бұрын

If you have the spend, might as well hit an intro bonus :) www.rentcafe.com/average-rent-market-trends/us/ca/san-francisco/

Sebby Onlyfans... Him rolling in cash, while tier 1 and "super" tier cards cards fall over him in slow motion.

@AskSebby

4 жыл бұрын

"Unboxing" videos :)

@gsilverstone

4 жыл бұрын

🤣

Lucky Larry

Hmmmm... Sebby seems to mention OnlyFans quite a bit lately. Makes one wonder lol

That's funny, I actually knew a porn star who got her account shut down during then from Chase

Why do KZreadrs always ask you to "thumbs up" the video before they've even started the content? What am I thumbing up? Just that they've posted a video?

@knucklehoagies

4 жыл бұрын

Liking a video manipulates the youtube algorithm so that his channel will show up on more people's recommended videos list. It's all about them trying to get more views.

@AskSebby

4 жыл бұрын

Standard behavior on the platform as part of the intro. Example: kzread.info/dash/bejne/gJmqlNZugpS6lbw.html A bit different but think about why people ask, "how are you doing" to start an interaction. Outside of close friends/family, the person asking (i.e., taking your food order) doesn't actually care. In America (the "platform" in this case) it's a normal ask. In other countries ("platforms") this is a extremely weird ask.

@KerryBuchanan

4 жыл бұрын

I get that it’s better for a video when people give a thumbs up, but why ask at the beginning when I haven’t even heard the video content, rather than at the end when I’m more compelled to hit the thumbs up because I liked what I heard?

@betruetoyourself7162

4 жыл бұрын

Kerry Buchanan yeah I used to feel like that too. But there are certain you tubers I now automatically click like. Sebby, Graham and a few others. They make their money on KZread and the videos give value. Since it cost me no money and I am pretty sure these guys will give information in an entertaining way, I just click like. If I don’t like it after watching, I go back and click dislike and complain. 😀🤣. I only complain on my favorite channels otherwise I unsubscribe and dislike.

What is the best credit game for a married couple?

@AskSebby

4 жыл бұрын

Video here for 2 player set up: kzread.info/dash/bejne/o5Z4vJiBgNeqlZc.html Covered here: www.asksebby.com/blog/should-you-diversify-your-credit-card-points

Only fans 😂😂😂

@AskSebby

4 жыл бұрын

😏

Onlyfans love it

If Mandy has an only fans I might

@AskSebby

4 жыл бұрын

Does seeing her cards count? :) kzread.info/dash/bejne/hYaqqNKud8uoc8o.html

@Unluckystikes

4 жыл бұрын

It’ll have to do thanks

7:33 #ONLYFANS😂😂🤣

He's kinda cute. I'd pay for onlyfans for Sebastian ☺

First!

@AskSebby

4 жыл бұрын

🥇

Amex trash