17 Things You Should Never Do with AMX

Overview

• Credit card churning: Opening and closing cards frequently to gain points. AMX closely monitors for this behavior.
• Point clawbacks: Canceling a card within a year results in losing bonus points.
• High spending: Avoid making large purchases immediately after opening a card.
• Manual reviews: Sudden large expenditures can trigger a review by the RAT team.

Key Points

Credit Card Churning

• Don’t cancel an AMX card within the first year.
• Canceling a card too soon makes you look like a churner and results in point clawbacks.
• Always move Membership Rewards (MR) points before canceling any card.

High Spending and Risky Purchases

• Avoid making large purchases (e.g., jewelry, high amounts) right after getting a card.
• Warm up the card: gradually increase spending over 1-6 months.
• High-risk items like car down payments and expensive jewelry can flag your account.

Manual Reviews and RAT Team

• High and rapid spending can trigger manual reviews by the RAT team.
• AMX monitors third-party spending and can detect unusual spending patterns.

Misuse of Points

• Do not pay bills using points; it's the worst value use of MR points.
• Best use of points: transferring out to maximize value, especially for travel.

Application and Credit Management

• Don’t lie about income on credit apps; it can trigger a manual review.
• Avoid asking for unnecessary credit limit increases; anything over $35k can trigger reviews.
• Use charge cards to maintain lower credit limits on credit cards.
• Reallocate credit among cards instead of closing them.

Responsible Usage

• Don’t miss payments: affects credit score and relationship with AMX.
• Avoid maxing out cards as it can be fixed but lowering your utilization quickly can help.
• Participate in reviews if flagged; ignoring makes it worse.
• Enroll in all card benefits to maximize rewards from spending.

Retaining Cards and Offers

• When thinking of canceling, ask for retention offers to get better deals or bonuses.
• Always check if you can move an existing credit line before canceling a card.

Strategic Application and Usage

• Do not sign up for cards unless you get the best sign-up bonus available; limited to one per card's lifetime.
• Use shopping portals and Chrome extensions to triple-dip on rewards.
• Ensure using the correct AMX card for the right purchases to maximize rewards.

Final Recommendations

• Always review and understand the specific benefits and quirks of each AMX card.
• Use personal AMX cards before business cards to manage inquiries better.
• Avoid behavior that can damage the relationship with AMX as they seldom give second chances.