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10,000 Hilton Points For Adding An Additional User On Your American Express Credit Card

Earn a bonus 10,000 points for just adding an authorized user on your Hilton HHonors credit card from American Express. (This offer is obviously only available to current account holders of the HHonors Hilton American Express card.)

Direct Link 

10k points

Details of the Offer

  • You must add a cardholder using the above link
  • Valid until July 20th, 2016
  • Allow 6-8 weeks for your bonus points to post
  • Additional cardholders must be at least 15 years of age Officially. But you can make up a date of birth and social and still get the cards. Use your own judgment. We do not recommend playing games or trying to game the system.

Pointe Hilton Squaw Peak Resort Hotel, Phoenix, AZ – Pool Area

You are now one step close to staying at the Pointe Hilton Squaw Peak Resort Hotel, Phoenix, AZ – Pool Area (above picture) for free. As alays we love staying in hotels and vacationing for free. 10k free HHonors points is a sure good way to start the week.

If you don’t have a Hilton Credit card yet, what are you waiting for? Click on the link below to see many of the current available offers. Some special offers are the:

Chase United 75k +$50
American Express PRG 65K (incognito)
Bank Of American Alaska Air 30k

All Credit Cards 

American Express Credit Cards

Chase Freedom Is Better Then The Chase Sapphire

2,500 Bonus UR Points Chase Freedom and Sapphire Credit Cards: Adding An Authorized User

Chase Freedom Credit Card: Why We Love It

And don’t forget to follow us on Twitter to be entered into our $50 Giveaway!

In Summary

Get 10,000 bonus Hilton Points for adding an Authorized User

HT: S & S Worldwide

 

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30% Bonus on Amex Membership Reward Transfers to Etihad Through June 15: Fly To Israel for 26,000 Points!

American Express Membership Rewards is offering a 30% bonus on transfers to Etihad Guest through June 15. American Express only added Etihad as a transfer partner two weeks ago so it’s great to see them bonusing transfers. They are probably trying to boost this partner so they are offering this promotion. In the past we have seen promotions on other partners like british Airways and El Al.

That means the points from your Amex Everyday Preferred, Premier Rewards Gold, Business Gold, Business Platinum and other Membership Rewards earning cards carry more weight. One third times more weight!

American Express    View all American Express Credit Cards

Etihad has a very good first and business class product, and because availability has been generally excellent. Now to be sure the single best first class product in the sky — the Etihad First Apartment, which is scheduled for Abu Dhabi – New York JFK< London, Sydney, Melbourne, and Mumbai — can be tough to get.

Availability goes in cycles (and for awhile has been much easier to get Abu Dhabi – US than US – Abu Dhabi). I’ve flown it several times this year on the New York JFK – Abu Dhabi route but availability for that flight isn’t a gimme.

Nonetheless, Etihad offers first class service with other aircraft to New York, San Francisco, Los Angeles, Dallas, and Washington Dulles. They offer service that features business class as the top cabin to Chicago and Toronto.

Award prices aren’t cheap. For instance,

  • New York JFK – Abu Dhabi first class is 117,560 miles one-way
  • London – Abu Dhabi first class is 87,732 miles one-way

Business class is somewhat cheaper, for instance 88,391 one-way for New York – Abu Dhabi.

Etihad also adds surcharges to awards: $50 per segment for economy, $100 per segment for business, and $150 per segment for first class.

Etihad has several airline partners, which have to be booked by phone. Etihad agents are often unfamiliar with their partners, and with how to book them.

What’s more, the cost of awards on partner airlines can be high. Nonetheless, they can also be strategically useful. For instance, Etihad partners with Philippine Airlines and they almost always have business class award space between the US and Asia. And they partner with American. Etihad partners with carriers like Virgin Australia, Royal Air Maroc, Garuda Indonesia, Oman Air, and Hainan Airlines as well as a variety of others.

Partner award charts can be found here and are much more lucrative,but partner awards are not bookable online, which means you have to play call center roulette. You also need to book partner awards 14 days in advance.

Every airline has their own award chart. For example:

The Brussels award chart can be found here.

There are no fuel surcharges.

-You can fly from JFK-Brussels in coach for 21,972 miles or about or about 16,902 AMEX points round-trip.
-You can fly from JFK-Brussels in business for 36,620 miles or about or about 28,169 AMEX points round-trip.
-You can fly from Brussels-Tel Aviv in coach for 12,096 miles or about or about 9,304 AMEX points round-trip.
-You can fly from Brussels-Tel Aviv in business for 20,160 miles or about or about 15,508 AMEX points round-trip.

To summarize that is 26,206 points to fly round trip JFK-BRU-TLV in coach or 43,677 miles to fly in business. Judging a normal business class ticket to Israel would run you around $6,000 this is a $.13 redemption per mile. That is ten times the normal redemption.

HT: View from the Wing and DansDeals

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Citigroup bans Credit Cards From Sports Betting: Long Live Chase and Amex

Have a Citi credit card or debit card? Don’t bother to try using it to bet on your fantasy sports sites.  Citigroup has barred its New York customers from making credit card transactions with DraftKings and FanDuelJennifer Bombardier a bank spokesperson said, “The ban will last until a decision on the sites’ legality is made by courts”. The sites are in a legal dispute with Attorney General Eric Schneiderman, who calls them illegal gambling sites. The sites argue that their games are based on skill and therefore legal.

My K9 Web protection also categorized it as GAMBLING.

Luckily, Credit card Joint followers have other credit cards at their disposal. See all our latest cards on our Credit Card page. There are several good American Express and Chase offers that you can apply for.

       Chase Bank Credit Cards


LIMITED! British Airways Visa Signature Card100,000 Points
LIMITED! Ink Plus Business Credit Card - 60,000 Points
LIMITED! Chase Freedom
17,500 Points
LIMITED! Chase Sapphire Prefered- 55,000 Points
Ink Cash Business Credit Card – 30,000 Points
United MileagePlus Explorer Card – 30,000 Points
Southwest Airlines Rapid Rewards Premier CC - 25,000 Points
Marriott Rewards Premier Credit Card – 50,000 Points
IHG Rewards Club Select Credit Card – 60,000 Points
Chase Slate – 0% APR for 15 Months


American Express    American Express Credit Cards


  LIMITED!  The Blue for Business Credit Card – 20,000 Points
The Plum Card from American Express OPEN

The Platinum Card from American Express – 40,000 Points

The Business Platinum Card from American Express OPEN
The Business Gold Rewards Card from American Express OPEN
The Hilton HHonors Card from American Express – 40,000 Points
The Amex EveryDay Preferred Credit Card from American Express
The Amex EveryDay Credit Card from American Express
Starwood Preferred Guest Credit Card – 25,000 Points
Starwood Preferred Guest Business Credit Card from AmEx
SimplyCash Business Card from American Express
Gold Delta SkyMiles Credit Card from American Express
Gold Delta SkyMiles Business Credit Card from American Express OPEN
Business Green Rewards Card from American Express OPEN
Blue Cash Preferred Card from American Express
Blue Cash Everyday Card from American Express
American Express Premier Rewards Gold Card


   Capital One Credit Cards


Capital One VentureOne Rewards Credit Card - 20,000 Points
Capital One Venture Rewards Credit Card - 40,000 Points
Capital One Spark Miles Select for Business - 20,000 Points
Capital One Spark Miles for Business - 50,000 Points
Capital One Spark Classic for Business – No Annual Fee
Capital One Spark Cash Select for Business – $200 Bonus
Capital One Spark Cash for Business – $500 Bonus
Capital One Secured MasterCard – Easy Approval
Capital One QuicksilverOne Cash Rewards Credit Card - $100 Bonus
Capital One Quicksilver Cash Rewards Credit Card - 1.5% Cash Back
Capital One Platinum Credit Card – No Annual Fee
BuyPower Card from Capital One – 0% APR


            Barclay Card Credit Cards


Barclaycard Ring MasterCard
Barclaycard Rewards MasterCard
Barclaycard Arrival World MasterCard
Barclaycard Arrival Plus World Elite MasterCard


  Bank of America Credit Cards


BankAmericard Travel Rewards Credit Card
BankAmericard Credit Card
BankAmericard Cash Rewards Credit Card


   U.S. Bank Credit Cards

U.S. Bank Business Edge Cash Rewards Card
U.S. Bank Business Edge Select Rewards Card
U.S. Bank FlexPerks Business Edge Travel Rewards Card
U.S. Bank FlexPerks Travel Rewards Visa Signature Card
U.S. Bank Visa Platinum Card

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We Passed Our American Express Financial Review: Part 2

Last week Friday we got a  call and an email from American Express telling us that account is under financial review. As we explained in the previous post financial review is a nightmare. We started sharing the details of the F/R over here. The reason why we got the F/R is because we were spending to much money on our cards. We did a 12 card App-O-Rama and needed to spend $95,000 total.

They sent us the 4506t form to fill out, I immediately downloaded onto my BlackBerry Classic (which I love). ‎Using the PDF editor on my phone I filled out the form in entirely. Once it was done I emailed the forms that for myself and had a hard copy on my computer. The next step is you need to fax this form over to American Express. The financial review department fax number is 1800 219 8549.. If you don’t have a fax machine you can use a free online fax service for example fax zero.

4506-T Form, The form you need to fill out by a Financial Review

Once I had the paperwork sent back to them I called him to follow up to make sure it was properly faxed, received, and sent over to the IRS . My agent is not available when I called so I left him a voice message stating my name, credit card number, phone number and a short message. In the message I  stating that I sent in the form and it would like him to review them to let me know if they’re satisfactory. ‎He did not return my call.

American Express Building, Brighton UK

The following day was Saturday which I was unable to call him, Sunday he was out. Monday he was out and was first back in the office on Tuesday. ‎I did try to get ahold of him on Tuesday, but he did not answer my call. I must’ve tried in five times on Tuesday, but he never did return my call. I left him another message again with my name, credit card number, phone number and I told him I’m waiting to hear back.

Finally, on Wednesday he called me back. He told me that you got my voicemail has been very busy. He told me that he got my forms he sent them over to the IRS to receive the transcripts, and American Express already received the transcripts back. ‎I was advised that they’ll have an answer by the end of the day (Wednesday). I told him that I need my credit cards for my business and I would appreciate to get this done ASAP. He didn’t call me back on Wednesday.

I need this done ASAP!

On Thursday I got emails from American Express stating this card ending in 1004 the limits have changed. The new credit limit is $13,500. ‎I got this email for every card. When I logged into American Express I still saw the banner proclamation that my accounts are still suspended. However, I knew the review was basically complete.

Over the weekend there was a voicemail on my cell phone that the review was complete. I should have received an email with this information (which we had on Wednesday)‎. I logged into my account and confirmed this. The review was over. I was actually surprised that I pulled it off in a week, they usually take much longer and are much more dragged out.

After getting my accounts locked for a week, American Express reinstated them. They slashed some of the limits, but more then that they didn’t do.

Some after thoughts:

  • It can be that I asked him to expedite it that it helped.
  • It seems like the rep doesn’t make the decision, they just do the dirty work, of calling you, being in contact with you ect. The decision making‎ is done by a back office.
  • ‎I was extremely nice and respectful to the agent, in return he was helpful and quick.
  • Having a real income can definitely pull you through, many people don’t have sufficient income.
  • Fill out the 4506T form correctly. Missing information can delay your F/R.
  • Use an online editor, this will ensure no mistakes.
  • Don’t be upset at the agent, your problem isn’t with them. They are just your contact with Amex.

And some tips to stay under the radar:

  • Avoid spending a lot of money on a new account in a short amount of time. It takes months to build up your reputation with American Express.
  • Don’t spend more than 50% of your credit limit over the month on a credit card. For a charge card it is much harder to draw the line, as most standard charge cards do not have a limit. The idea is to take it slowly, and build up your relationship. In a short amount of time you will be able to spend  $100k monthly.
  • Sudden large changes in spending pattern.
  • Funding pre-paid cards
  • Over utilization of “spending ability” button on website.

Everything you wanted to know about American Express cards

Public Offer: 50,000 Premier Rewards Gold Card from American Express!

American Express Once In A Lifetime Bonus: Some Good News

Application Status: How to Check If You Got Approved

View our home buying series here: Mortgages, Home Loans, Refinance, and Interest

And don’t forget to follow us on Twitter to be entered into our $50 Giveaway!

In Summary

We passed our American Express Financial Review.

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Spent too Much on an American Express Card? Be Ready For a Financial Review

We applied for quite a few American Express Credit Cards two weeks ago. Some of those cards were the The Platinum Card from American ExpressThe Business Platinum Card from American Express OPENThe Business Gold Rewards Card from American Express OPENSimplyCash Business Card from American Express and the American Express Premier Rewards Gold Card. While we got approved for almost all the cards, the real challenge is to complete the spending requirements in a timely manner. Here is the App-O-Rama report and here is how we do our spending.

And then BOOM! The dreaded call from a blocked number. Instant account lockout, and all charges suspended. We were unable to make any charges on ANY account. This is known as a ” Financial Review “.

This is how a account under F/R looks. Notice Charging Suspended.

What is a “Financial Review”?

Although Financial Review does not sound dreadful, it really is. The bark is worse then the bite! American Express is looking to verify your salary. They need to confirm that the credit they extend to you can be supported by your income. Mostly they are looking to see your tax returns, and hopefully that will validate what you are spending. If they feel you are not providing them with adequate information, or you don’t comply with their  requests, they may close your accounts, or limit the amount you could spend.

What do you need to provide Amex?

American Express will request you to fill out the IRS form 4506-T. This form gives them access to a transcript of your tax return. (The same form is used by your school to verify your FAFSA). For people who get F/R’ed prior to establishing a credit card, or after they have a credit card and got closed down, but want to apply again Amex has been know to give you a 4506 form. This form does the same thing, except at a cost of $57 to you.

Many times bank statements are also good enough to pass a F/R. It depends on the agent representing your case.

Does everyone “pass” financial reviews?

In our experience if you have a tax return with any amount of business income – for a business, or a standard tax return  for a consumer card, you will pass the financial review. Although you may be allowed to keep your cards active, American Express may lower your credit limit on credit cards or charge cards. On the charge cards the limit is usually removed after a year.

What should people avoid to refrain from getting a financial review?

  • Avoid spending a lot of money on a new account in a short amount of time. It takes months to build up your reputation with American Express.
  • Don’t spend more than 50% of your credit limit over the month on a credit card. For a charge card it is much harder to draw the line, as most standard charge cards do not have a limit. The idea is to take it slowly, and build up your relationship. In a short amount of time you will be able to spend  $100k monthly.
  • Sudden large changes in spending pattern.
  • Funding pre-paid cards
  • Over utilization of “spending ability” button on website.

Do other banks have F/R

Yes. From what I have heard Chase also has some type of financial review. I am not very familiar with their process, as I have no experience with a review from Chase. I do know that it is called Adverse Action (A/A) and it is a complete shut down of all accounts. More then this I do not know.

What to do when you get F/R’ed?

Call American Express Right Away

Call American Express right away. The F/R phone number is 800-230-1289. Speak to your case agent and see what is going on. Any delay can result in a complete shut down of all your cards.

I know I can’t pass, what should I do?

Having cards closed by the issuing bank is a really nasty mark on your credit report. Instead of having Amex close your cards, be proactive and shut them yourself. Cards closed by the consumer fare better then cards shut by the bank.

When you get a Financial Review you will need to fill out a 4506-T form. Once the forms are received, they will be processed in 5-7 business days. If you have questions regarding your review, call American Express Financial Review Department 1-800-230-1289 and enter your account manager’s five digit extension. Do not procrastinate.

What does the dreaded email look like?

In truth, before you get the email, they will call you. However, the email still isn’t fun.

From the Desk of: xxxxxxxxxx
Extension: xxxxx
Office Hours: xxxx
Office Number: 1-800-230-1289

 American Express recently requested that you complete and return a tax form called the 4506T in order to conduct a financial review. The 4506T authorizes American Express to retrieve tax information. We find the review process to be a necessary requirement in order to conduct our business in a prudent and successful manner.

Detailed instructions on how to fill out the 4506-T are attached, as well as in the American Express Fax Cover Sheet. In order to avoid closure of the account, it is critical that this information be completed correctly and faxed back to us within the deadline discussed by theAmerican Express representative.

 Instructions to help ensure a faster review:

  1. Print out the American Express Fax Cover Sheet
  2. Print out the Blank 4506T Form

 Instructions for completing this American Express Fax Cover Sheet

  1. Fill out the FROM field with your name as it appears on your card.
  2. Fill out your 15 digit account number (this is used for internal processing; your account number is not given to a third party).

Fill out the form correctly or you will have to do it again.

Instructions for completing the Blank 4506T Form

  1. Please refer to your copy of the tax return you filed for accuracy.  Information you provide must match IRS files, or the documents obtained may be insufficient and your account could be canceled. 
  2. Typed forms are preferable.  Do not make corrections by whiting or crossing out.  These will cause the 4506T to be rejected and could result in cancellation. Please make changes by creating a new form.  Do not write or type your account number anywhere on the 4506T form.
  3. Complete lines 1-4 per the instructions on the 4506T for those lines.
  4. Line 5 may be prefilled with “American Express c/o Equifax Verification Services, 11432 Lackland Road, St. Louis, MO 63146”.  If line 5 is blank, please leave blank.
  5. Complete line 6. Line 6 must contain the name of the form you filed.  Box 6A should be checked.
  6. Leave lines 7 and 8 blank.
  7. Line 9 must be completed as requested.  Do not add years not requested.  Use mm/dd/yyyy format for each year requested.  Place each year on separate lines.
  8. If you filed using a Tax ID instead of your Social Security Number, please put your Tax ID number in the Social Security Number field.  Names and socials must be on corresponding lines for the IRS to accept this document.
  9. Sign and date the 4506T.  If completing for your business, please write your title under your signature.  You must check the box above the signature line to acknowledge you have the authority to sign and request the information.  The form cannot be processed if the box is unchecked. 
  1. After completing instructions for the American Express Cover sheet and Blank 4506T Form, return BOTH of the completed forms to 1800 219 8549.

 Once the forms are received, they will be processed in 5-7 business days. If you have questions regarding your review, please call 1800-230-1289 and enter your account manager’s five digit extension (listed at the top of this email) to avoid long wait times.

Thank you,

The American Express Financial Review Team

Here are what the F/R forms look like:

AmEx Fax Cover Sheet.pdf
4506t.pdf

Keep in mind, when an account is under F/R you are still responsible for all charges that you made. Make sure to pay all your bills on time.

To View the current American Express card offers visit our credit card page.

And don’t forget to follow us on Twitter to be entered into our $50 Giveaway!

In Summary:

A Financial Review from American Express is extremely likely if you spend too much on your cards in a short period of time.

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