Originally Posted by
redbird14
I've been digging through the shutdown threads and haven't really found a definitive answer, so I want your input.
I've never MS'd, as I've always met my min. spend organically. However, I will have to fly out a lot soon for interviews, and I want to save some dough. I've been recently approved for Ink+ with a CL of $7k. I've put internet, cellphone, and other stuff on it which will be ~$250/month. Gas will also be ~$100/month. In all, probably anywhere from $500-1k in organic spend/month. I want to MS ~$3k/month by buying and converting VGCs into MOs, and using $1500 for rent and the other $1500 to deposit into a credit union checking account to pay off my balances. I also put my stated income for this tutoring business as $10k/year.
I'm planning on staying away from depositing MOs directly to my Chase checking, as well as from using the WM billpay. I guess my only concern is whether the relatively high utilization (esp in the 5X category) compared to my stated income will lead to any red flags, although it's not like i'll be cycling through my CL. Sticking to $1500 deposits/month into the CU will also seem less sketchy than hitting $10k+/month and getting shut down. Thoughts?
Refreshing to see this being your first post here and you having actually done the research
I've been moderate with my Ink+ usage for VGCs/MS and 5x in general, but I see comments here of people going pedal to the metal with 5x for years in a row and are still fine. Cha$e has some of the best CCs so it's a good idea to steer clear of other things that might trigger suspicion and shutdown, like depositing MO to their accounts, which you say you won't do. I think I've only deposited a couple of MOs to my Cha$e accounts altogether and have only paid their cc bills from checking accounts.