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Chris58

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  1. A very prescient comment Sir. Just what's happened with Amex tells the tale. Just got my Blue plus business statement a few days ago and sure enough, zero MR's for Simon transactions after 4/11, (and I've no doubt my May cycle transactions were also a waste of time.
  2. Posted too soon, order cancelled as "Item Unavailable". Shows OOS on website again. On a more serious note, I got a call from the branch manager last week at the small regional bank I've been depositing my MO's at for the last couple of years. Ughhh,, the query came from the "Back Office" which I assume means compliance. I explained the game and she said ok. I made a deposit to my business account today, (no MO's to personal because I was too busy last week to play the game). Made the deposit with the head teller and he brought up the subject unsolicited. He even stated that they recommended account closure, (but he "Talked them out of it" and stated that he told them that during the last 3 years I've been doing this the branch never had any reason to file an SAR). He actually used that term. He introduced me to the new branch manager whom I'd never met and they both said no worries. Then again, it's not really up to them. I might be opening a new account somewhere else soon.
  3. Those who fail to learn from history are doomed to repeat it. This current "Recovery/Period of economic growth" since the last recession is getting pretty long in the tooth, (and far longer than the 7 year delinquency reporting period of FICO risk models).
  4. Oh well, all is right in the world, (just ordered 6 300's), LOL...
  5. Is anybody having trouble ordering from Staples.com? For the last week they show out of stock for all values of VGC, (obviously I only want the 300's).
  6. IMHO, there's no such thing as a "Sub-Prime" lender. "Borrowers", on the other hand might carry different labels for different lenders on different dates and under different circumstances based on a "Snapshot" in time that a lender looks at and decides about a given borrower's "Creditworthiness". It's just "Business". When borrowers or potential borrowers label lenders as "Sub-Prime", they're just projecting their personal beliefs about themselves on a decision they don't like or agree with. Lenders don't care or even think in such "Personal" terms, it's just about business and prudent "Risk Management".
  7. Question, are you using the account? My last 4 increases were 8K so perhaps our overall profiles differ, (but the one before was 2K). Prior to the 2K increase the card was in the sock drawer for a year. After this I started to use the card, (slowly ramping up to about $15K/month). 90% of which is at my local Simon Mall, (my bad, LOL,,,) Perhaps Citi likes to see usage?
  8. Still working, still luv available. Just hit it again 6 months and a few days after last time. Another SP CLI of +8K to $50.5K.
  9. Staples.com pulling data about purchase CC account from Chase, (and potential implications for this game). I'm just a newbie to this game but I can't help but be "Curious" about something I saw about an hour ago when I ordered $1853.70 worth of "Product" @ Staples.com an hour ago. I've been playing this game with my Ink+ for 2 years, (and just opened an INK Cash last June for the same purpose). I've always been somewhat curious how Staples knew my business name despite my never including it on an order, (and assumed they got this "Data" from Chase). Well, just before I clicked "Submit Order" I saw something I don't recall ever seeing. I saw "Ink Plus", (which can ONLY mean that Staples.com now also knows the actual Chase "Card Product" name via Chase for online orders!!! Any thoughts on this?, (I'm not planning to order via my INK Cash until June as I hit the cap last year).
  10. Your bank manager may not even know what he/she's talking about, (the bank's compliance department handles this sort of thing). You'll NEVER hear from FinCen about anything. They're not a law enforcement agency, (merely a regulatory unit of the US Treasury department that maintains a database and reports to various law enforcement agencies). You may never hear from any law enforcement agency over this, (but if you do it will probably have a significant time lag involved). The most likely contact you'd have is with the IRS, (and if the examination is triggered by MS* I'd expect it to be 2 or 3 years AFTER the triggering activity, and probably include more than one years returns). A rock-solid paper trail is only prudent if you're doing this at $10k+ per week.
  11. Mostly crap from the WM cashiers, (but who knows how knowledgeable any given money center cashier is). Super MS friendly WM's can allow up to $10K of MO's, (but perhaps your local WM just doesn't want to bother with the MIL. I've not heard the term "Structuring" used except on the bank deposit end for the MO's. For example: deposit $4k Monday in bank A, deposit $4k Wednesday in bank B, deposit $4k Friday in bank C, and viola, it looks like you structured your deposits to avoid the CTR a single bank would forward to FinCEN automatically if you just deposited the $12k in a single bank. The best way to avoid any suspicion of structuring is always make your MS MO deposits OVER $10K. It's a good idea to be aware of these rules if you play this game and below I place a link to a pretty good overall view of the BSA rules. https://milestomemories.boardingarea.com/money-orders-manufactured-spend/ Someone may chime in and say "Yeah,, but MO's aren't cash". Before you believe that read below. https://www.irs.gov/irm/part4/irm_04-026-013 4.26.13.3.1 (01-07-2016) Identification of Potentially Structured Transactions in a Title 26 Form 8300 Examination The preplan for a Title 26 Form 8300 examination must include steps to identify transactions which may have been structured to avoid the reporting requirements of 26 USC 6050I. Whether a transaction is structured is determined by the definition of “cash” received. The regulations (see 26 CFR 1.6050I-1(c)) define cash to include monetary instruments (such as cashier’s checks, bank drafts, traveler’s checks, or money orders) having a face value of not more than $10,000 when received in a designated reporting transaction (see IRM 4.26.10 and section 1.6050I-1(c)(1)(B)(1)), or when received in any transaction in which the recipient knows the instrument is being used to avoid reporting of the transaction under section 6050I (section 1.6050I-1(c)(1)(B)(2)). Reply
  12. The only impact of the Card Act on this topic I've seen is the periodic requests by CC lenders to have their customers update their annual income Any halfway prudent lender already considers "Ability to Pay" via their internal risk models. This just strikes me as a product FICO wants to sell to lenders as a replacement for a sound internal risk model. Strictly for the sub-prime market, (and it might or might not work out for both lenders and borrowers).
  13. Many thanks Sir for your detailed response. I never really looked into the Airline credit thing , (and what airline I could choose), since I'm fortunate to only fly international in premium cabin. Obviously, I incur no incidental airline fees and for the last few years have been putting my travel/dining charges on C$R. I'll call AMEX today and PC the PRG to Green, (it's actually my oldest reporting TL by 11 months over the SPG). I'll also ask about PC of the SPG, (but from what you say it'll probably be no joy).
  14. Hi guys, I have few questions. 1: ) I have a PRG, (completely un-used this year). I already didn't want to pay the $195 annual fee this coming January, (so of course I REALLY don't want to pay the new $250 fee). This card is D* 1984 and that's why it's still open. Any suggestions for a PC to keep the TL open and aging? I assume any PC must be to another Charge Card. 2:) I also have an SPG Personal that is also D* 1984, (but I can't see ever using again). Any suggestions for a PC to another AMEX CC with no annual fee? Does AMEX even allow PC from a Co-Branded card product to an AMEX product?
  15. Just hit it again via the link on the first page of this thread. 6 months after last SP another instant SP of +8K to 42.5K

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