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Updated about 16 years ago on . Most recent reply

User Stats

296
Posts
6
Votes
Jason F
  • Real Estate Investor
  • Gainesville, FL
6
Votes |
296
Posts

Guy offered me $500k LOC for cash

Jason F
  • Real Estate Investor
  • Gainesville, FL
Posted

This guy sent me an email and said he as a friend that works for AMEX. Evidently, they offer credit cards with limits from $100k to $500k if you come up with cash. I think $8k for $100k and $25k for $500k limit.

I'm not going to do this, just wondering how it works. He said the guy overrides your application and gets you the card.

I don't see why AMEX wouldn't be catching on that this guy's office is approving dozens of $500k cards.

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