so what are the 17 things you should never do with AMX now we're getting into the no NOS do not credit card turn with American Express what is credit card training getting the points canceling the card getting the card canceling it again American Express watches this like a hawk okay because this was the game back in the day it's credit card turning it's not so much big anymore but here's the deal if I open up a platinum card and I close my Platinum Card within a year I lose my points of attached that point platinum card that that came with it so if I had 150,000 bonus with with American Express right and I cancel that card within a year I lose that bonus they take it they claw it back they take the they take the points back okay so do not do not cancel the card in the first year do not you look like a churner and they will come after you and they may even tag you in their system where the rat team's watching you or the the almighty algorithm the skynet's watching you the last thing you want is American Express Skynet watching you okay so don't turn the credit cards not worth it also do not get a credit card with American Express and then try to you know wipe the inquiry because there is no inquiry okay so don't try to do that because if you're an American Express holder you're not going to get an inquiry uh for this do not cancel your AMX card until you first move your Mr points as well I don't feel comfortable ever canceling an AMX card without moving my Mr points okay I just don't okay I don't I don't I don't trust it I've seen horror stores happen and I'm just not going to be that guy that does that so make sure that before you cancel your AMX card you move the points do not put High spin on American Express right away okay take it slow just like dating take it slow don't rush in you know don't I'm going to go buy a Rolex I'm going to go buy you know a diamond ring I'm going to go you know put this down on on on a car don't do that don't do that okay that's the quickest way to trigger that algorithm to have them look because you will be a credit risk which will trigger a manual review which will trigger the rat team to watch you this rat team is real I'm be making a video about it for the YouTube channel okay but uh warm up the card one to six months warm it up put th000 on it first month put two or 3,000 on it the second month five to seven on it warm it up use the card actually use the card if you're not using the card and you're just randomly spending you're a red flag so don't don't do this up and down stuff you know use the card make it steady okay work it do not buy high-risk items in high amounts jewelry car down payments things like that you know why learn from me that's how I got into AMX jail okay I got excited guys I had a $330,000 blue business Plus card this was my second business card first one was a business gold and then I was like huh I can get a business blue Plus card too I'll get that they gave me a $30,000 limit so I had a $30,000 limit on that card and then I had an unlimited limit on the business credit card the business Gold Card guess what I did I bought a brand new Honda Civic I put $5,000 on on the card and then I also bought an expensive piece of jewelry for somebody next thing you know I wake up to an email your blue business plus is under further review next day same thing with the business gold card I call them I send them all my documents about how much money I'm making next day blue business Plus card goes from $330,000 to like two or 4,000 horrible I was planning on using that money okay I was planning on using that money 30,000 to two to 4,000 0 percent okay this is a 0% $30,000 card I'll say it again 30 grand 0% and it gets moved down to two to four that's that's a big that's that's that's a big drop okay and then they bucket my business Gold Card all the way down to 4K okay and I just got out of jail not too long ago for this right here so when I tell you to warm it up I know firsthand I had the hardest experience with American Express for the longest take it slow it's not a rush okay let's see here do not manufacture on these cards unless it's organic spin if you don't know how to do this don't do it because American Express Navy Federal uh taste is another one they can see third party spend if you take your American Express cards and you think you're slick and you think that you can go buy buy gift cards with it you're wrong okay you will have a manual review when you have a manual review they can bucket you they can reduce your lines or they can Blacklist you if you're ever blacklisted from American Express you can never get back in is it worth it they have the ability like I said to see what you're spending okay at any time don't do this at all do not invoice yourself with your merchant account and pay with your own AMX card oh my God this is the quickest way to get your card shut down card blacklisted card bucketed and your merchant account shut down you do not want to play around with your merchant account we're gonna do trainings on that like the moment your digital footprint gets messed up with a merchant account you are not in a good shape at all okay so you do not want to play around with that do not invoice yourself and pay with AMX do not also do it to some person all the time because they catch on to that okay if somebody invoices you also make sure that they have a season merchant account some some Merchant accounts aren't verified so it looks at risk and that can also trigger a manual review so make sure that who you're spending your money with with American Express make sure that they're seasoned okay because if American Express doesn't like the merchant account they may call the the the purchase into question and look into things and then they have their rat team that's sophisticated with their Ai and their algorithms and and they'll go to work so be very careful like if you don't know somebody don't pay with you know this type of card now I mean you like well I want buyer protection okay cool but just know know that it could trigger it okay just know that do not screw up your relationship with AMX they barely give Second Chances you said they do they barely do okay and if you do you're you're one of the few okay they hold grudges they are the worst Grudge holder okay so they don't believe in second chances that much so if you do want a second chance you need to call them up say I want to pay in full but before I pay and full I want it in promise in writing that I can literally get into this you know Second Chance system that you guys have have this Optima card whatever it is because I want to have a relationship with you guys again okay and you're going to be paying what you owe them plus interest whatever that is so just beware of that okay so don't screw that relationship up do not pay late my goodness like the biggest way to screw up your credit is to pay late you'll you'll suffer for seven years for that um the other thing is is is to to screw up your utilization now utilization you can fix in a month right so you maxed out a credit card scored drops all the way down okay pay it all the way off pay it all the way down boom right back up so that's not a problem but if you're late one time you're you're dealing with that late for seven years so just be smart guys put your stuff on autopay it takes one bad bad move one careless mistake when life is busy to make you suffer for seven years for something where you don't get approved for the cards you want for the homes you want for whatever it is you'll be suffering for that for seven years now some of y'all don't have seven years some of you guys are going be dead in seven years you guys getting old okay but some of y'all young people you know that's still going to be an eternity for you you know because if you're 23 you're not going to be able to do it until you're in your 30s so get out get out of that late fee so guys just don't pay late period and on top of that it's massive fees with American Express and it's it's horrible data points for you internally do not lie on your credit app I know I gotta say it you could trigger a manual review now here's the deal okay anything over $70,000 on your credit that you apply for on American Express can trigger the manual review and it's been known to do that so if you say I make 120k your credit score drops a little bit because they can also see when your credit score drops right so they have these things in place where if your credit score drops 10 points or 20 points suddenly they look into you and things like that I'm telling you it's just going to get worse too okay um with AI so anything over 72,000 um stated income you are at risk for a manual review just to give you a heads up on that and uh we already know what happens at a manual review going off that do not ask for credit limit increases unless you need it why anything over $35,000 in credit limits with MX has been known to trigger a manual review so if you have a $20,000 card you have a $5,000 card you have $25,000 do you really need that extra 10,000 what are you g to do with it if it's not a 0% card what are you going to do with it you're better off getting charge cards and keeping your credit limits on the credit cards below 35,000 so you don't have this situation happen okay they're talking about $35,000 internally with credit limits on credit cards not charge cards okay we're talking about credit cards but if you have credit limits at 35 or higher you are at risk for a manual review so I'm telling you do not ask for the credit limit increase unless you really need it unless you really have a purpose for it just be content with $225,000 in available credit or one of the things that you can do is if you don't want to have two cards you can call them up and say Hey listen I'd like to reallocate my credit this is a cool thing of AMX if you have a $25,000 card and a $5,000 card you can call them up and say Hey listen can you move my $5,000 card my $5,000 limit to my highest card that the one that's 25,000 they'll say no problem we'll do that for you right and so they'll move that and they'll shut that card down if you want okay so and obviously don't shut cards down that are on the personal side shutting them on the business side makes no difference but on the personal side don't do it okay you get a manual review participate don't ignore it if you ignore it it gets worse so just participate it's not going to be pretty if you get it just letting you know that's why avoid getting it avoid getting extra credit that you don't need avoid lying on credit apps avoid purchases that are risky warm up your credit cards don't just jump and Dive Right In okay you have to be safe with them okay because they don't want somebody running off with their money and not paying okay sorry do not pay your bill with points pay with points is the worst thing you can do okay it's the worst evaluation for your money okay you're better off moving them into a brokerage account or you're better off using them for travel hacking but you're not better off using them to pay for your bill I know I know it's appealing when you owe $1,500 and you got enough points to cover it but listen those points can be thousands upon thousands upon thousands of dollars that you don't have access to if you were to spend them like that my other thing is do not use points unless you transfer them out okay so always transfer your points out because that's where your your best bang for your Buck's going to be do not sign up for cards unless you get the best sign on bonus so with American Express they have a one signup bonus per card which means if I have a $100,000 if I have a h 100,000 Mr Point sign up offer for a platinum and I get that well if I ever cancel it get the Platinum again I won't get that sign up bonus because it's only per product so each credit product you get one signup bonus for life that stops from credit card churning we just went over that so if you have an AMX card right and you have you know a gold card and you cancel it and you want to get another gold card and get the sign on bonus you can't if you get a gold card and you don't get the sign on bonus you cancel it you get another gold card because you never got the bonus you can't you got one shot at this thing one shot lifetime chance at it okay so what does that mean don't apply for cards unless you that you need them want them or like them because here's the deal you know there was you know you could have a green card at 30,000 Mr points and then on Black Friday next thing you know 70,000 Mr points when you spend such and such money well I would have missed out on 40 ,000 if I would have done that right so just kind of know the ball PR ballpark of what you want and then when you see that bonus offer then go for it okay then go for it because you only have one shot at this thing you can't afford to strike out okay otherwise you'll miss out do not do not just cancel cards ask for a retention offer okay so like I said American Express makes money when you use the card when you swipe the card they love that they make a lot of money off that that's part of the reason why their credit lines are high for people that use the card why because they get rewarded off the front end and the back end right even just swiping the card where for example Chase doesn't Chase doesn't get that chase gets credit on the back end when you know uh when sometimes they get a kickback um and then sometimes also you know will they get a big Kickback when you don't pay your bill get interest and things like that so American Express loves you using their cards so the more you use their card in a year and you ring up spend you say hey I spent $30,000 on this card in a year you know listen I'm I'm open to keeping this card but if it doesn't make sense I need to cancel it is there any retention offers that I have to keep my business and they'll let you know they'll look into it sometimes there are and sometimes are not I've had it where there were some big ones and some there just wasn't but don't just cancel the card unless you ask uh for retention first and also don't just cancel a card until you move the credit line as well because that's something people don't think about not just canceling the cards for the the the the points and stuff of the retention offers with the points but you could also have a credit line that you're getting ready to cancel that you don't know that you can allocate that credit so make sure that you don't just do cancelling without thinking it through without moving your points first without calling and talking to retention first make sure you have all of your tees crossed and your eyes dotted so that where you're good to go 15 do not forget to enroll in benefits for your cards and special offers within your MX uh portal you'll be able to apply offers to your card right so you can have like different additional cash back so you can you can apply these offers to your cards right you get additional cash back extra points you shop online through shopping portals to get extra points from that or extra perks from that or extra cash back from that and then you also get the points from your actual card so you're literally triple dipping that's how you triple dip okay you got to play smart you got to be smart you got to know the game so number one make sure that all of the special offers are enrolled in the back end of your AMX that's step number one each card has their own okay number two download the Chrome extensions of the shopping portals to your Chrome browser and then sign in so every time you go to a website if they have an offer they'll pop up for you and say would you like to activate 2.5 cashback would you like to activate seven % cash back whatever the case is you say yes boom okay cool the reason why those shopping portals are there is it's called affiliate marketing if you go to Macy's and you buy something from Macy's Macy's gives American Airlines or Macy gives uh Alaska Airlines uh a kickback and then they also give you a kickback as far as miles goes for you using them to help bring business to them as well because they get business from you just shopping there okay basically they're saying they recommended you so they're they're cycling it through a lot of people don't know that 16 do not use the wrong AMX card for purchases every card is unique with perks okay Platinum versus green we've already looked at the difference between the platinum and the normal green card okay I don't like the business green for example I hate the business green card that's why I didn't put it in here I hate it it's worthless so I like the personal green and I like the business Platinum but I don't like the normal platinum in the personal green I mean I just think the Platinum normal is kind of overrated unless you really use it correctly do not get a business plat AMX first we went over that you want to always get a personal AMX verse for the inquiry hack to work