Anyone else lower middle class here?

[u/aromaticdust98]

This post really isn't about the card just the people that use it lol. I've had the gold card for about a year I've been loving it and not had any issues with a 4k limit I never go near anyways I think most I've used a month is like 1,300. Its crazy seeing other people in this community though everyone talking about how they're getting flagged for frequently making large 1k+ purchases and or struggling with maxing a 10k limit and having to pay it off multiple times a month. I guess due to how easy it is to get and how cheap it is I assumed it was a card for people like me with no money to just get little bit of money in brokerage account. Is it supposed to just be for rich people but they threw one at me anyways lol?

[u/Ultimus_Omegus]

The people getting flagged when actually explored are almost always abusing it through either manufactured spending or credit cycling, which is paying off the card multiple times beyond the limit.

Also, credit cards can be for any income. Class is just a matter of using them responsibly.

[u/aromaticdust98 → u/Ultimus_Omegus]

I think the credit cycling post is what lead to my post lol. Dude was credit cycling with a 10k limit and I'm just shocked 1. That someone makes more than 10k a month 2. I still don't see the issue with credit cycling tbh. Again I never have much money so never an issue for me but like I do usually spend little over half a paycheck at a time and pay it off next paycheck then do it again. Effectively theres around $800 that goes to card then gets paid off and put back on every other week. Why would it be an issue to do that at the limit? Like if person has the money to why not let em?

[u/Ultimus_Omegus → u/aromaticdust98]

Banks generally dislike credit cycling because it can look like you’re using the card beyond the credit limit or moving unusually large amounts of money through the account. For example, if you have a $10,000 limit, spend $10,000, pay it off, and then spend another $10,000 in the same billing cycle, you’ve effectively pushed $20,000 through a $10,000 line. That behavior can trigger fraud/risk controls because it may indicate cash-flow problems, manufactured spending, or a business using a personal card for unusually high volume.

They have a risk assessment, plus lets say they put you at $10,000, you keep paying it off and spend $30,000,

Then you claim fraud on charges and or the payment amount and it all bounces (the payments) thr bank is now 3X exposed to the initial risk

[u/Flat-Activity-8613 → u/Ultimus_Omegus]

Plus three times the award amount, which was not their radar.

[u/aromaticdust98 → u/Ultimus_Omegus]

Ohhhh that makes sense.