I think I already know the answer to this question, but thought I'd ask anyway. Would using a bunch of accrewed points on Amex be viewed the same as charging a certain amount prior to filing, or does this not figure in to the 6 mo look back?
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HAHA! I was wondering the same thing, I had over 50K points on my AMEX card and didn't cash them in once I knew I was filing BK.
May 2008 Hired 1st Attorney/Stopped paying CCs
May 21, 2009 Retained 2nd Attorney
May 28th - Filed for Ch 7 (FINALLY!)
9/11/09 - DISCHARGED!!!!
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OMG - I didn't think about that. I had 56k points on my AmEX and I did cash them in. I was sent AmEx gift cards totaling around $300.Chapter 7 filed 10/21/2008
341 - 11/26 went smooth
NO ASSET
Took 115 days after 341 - But Finally DISCHARGED 3/25/09Comment
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I don't think that "cashing them in" would be like "charging" on the card...it's your points! I don't know...maybe someone will come along that has "been there, done that"...Originally posted by relief13035 View PostMay 2008 Hired 1st Attorney/Stopped paying CCs
May 21, 2009 Retained 2nd Attorney
May 28th - Filed for Ch 7 (FINALLY!)
9/11/09 - DISCHARGED!!!! Comment
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We cashed in points\rewards totalling $250 cash from our BOA card. No one said a word about itFiled Ch 7 - 07/10/08
341 Meeting - 08/13/08
DISCHARGED! - 10/15/08
CLOSED - 10/20/08Comment
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I am about to file and cashed mine in too. They're yours since they're based on charges and payments you've made on those charges. You don't earn the points until you actually pay the bill for the things you've bought. I think it'd be something different if you could charge up the card then get points and never pay for what you initially charged.
just my 2 centsComment
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I cashed in over 100K in points on AMEX (got a nice Movado stainless bangle watch for a friend).
I didn't even think twice because it was on a platinum Amex, which was paid each month... so... I didn't feel bad.
Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
Status: (Auto) Discharged and Closed! 5/10
Visit My BKForum Blog: justbroke's Blog
Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.Comment
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Since the amount is low, I'd say CASH THEM IN!!!
Oh, BTW You guys make me envious..I had a citibank card.."Points"? were only good for ordering mags, which I could easily get for 50% off anyway. Tried to get them to change it to something else. They refused, tried to cash them in "They really have no vaue Sir" No kidding, I found that out when using them..Cheaper for me to hit online sellers
Damn, why didn't I do amex when I was riding high...
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