I’m active duty and just got the Amex gold and platinum. Since the annual fee is waived for Active Duty Service members from most big banks, what’s stopping me from applying for another Amex platinum like every 3 months and just stacking up my credits??
I hear people always recommending the platinum for active duty, but why stop at 1 card?
For example, you can pay for groceries with Uber eats and if I have like 10 Amex platinum cards, that’s $2000 of yearly Uber credits that basically pays off my entire grocery bill!
And that’s not even including all the other credits that the platinum gives. The same thing can be said about these other high annual fee cards too like the Chase Sapphire Reserve and then if I ever decide to get out of Active Duty, I can just downgrade or cancel all of my cards.
Am I missing something?
Posted by ieatpoopUwU
9 Comments
[deleted]
This is how we lose good things. Do not do this. There is no requirement for them to waive fees, they choose to do so. If they find people abusing the system, they can easily start charging everyone fees.
AMEX – Nothing, though opening CC’s too fast will trigger fraud detection provisions, and I think 10 is the max you can have. Keep in mind the limits are different for charge cards (Green/Gold/Plat) and credit cards (Delta/Marriott/etc.)
Chase – Most people get multi-Chase cards for the sign-up bonuses, not so much for the recurring bonuses, but they have a 5 cards in last 24 months rule. Exceeding will get your account banned and all your cards canceled.
There’s always someone that tries to scam. If you’re this dishonest, maybe the military isn’t for you.
There’s a 10 charge card and 5 personal card limit. As long as you don’t hit that, the world is your oyster.
The military is 1% of the population, and of that 1%, almost no one does it. Between my wife and I have we have over 50 cards. We get tons of free Uber eats, travel, and other perks/benefits for free. Look up military money manual for a guide.
It’s not a “glitch” it’s part of their business plan. Fees are waived because it’s very easy for banks to accidentally violate the Military Lending Act with cards that have large annual fees. They would rather just waive the fees than deal with the possibility of DOJ prosecution since MLA violations tend to be met pretty swiftly.
It’s not free money. There is a limit to the number of cards you can have. You’re not the first person to have this idea.
Username checks out. He’s retarded…. and a troll. Please just remove this thread…