Managing US Credit Cards for Canadians

I just receive my first US credit card from RBC bank with an insane credit limit of 30 000$US . Should I ask them the reduce the credit limit to met a utilization ratios of 5-10% or a 1% utilization ratios will be fine?

Hi Ricky,

I followed your program, I have the shipito address in Nevada and I was approved for my first Amex in September. I received an email from Amex that my card was in the way on September 26, stating that I should see it in 7-10 business days. I still have not heard from Shipito and I am wondering if this is normal, based on your experience?

I just recently started building my US credit profile.
– July 2017 I applied for a RBC Bank (Georgia) VIsa
– March 2017 once I finally received my ITIN, I applied for the Amex global transfer.

I created a Quizzle, Nerdwallet & CreditKarma.COM profile.
They pull up my equifax & transunion credit report (same across all 3 sites) — My visa nor my Amex have yet to report to my TU (USA) or Equifax (USA) credit report and my credit score is 0 or 300 (equivalent of 0).

I just applied for the TDBank Cash card, but I mistakenly put NO to US resident on the paper application. They called me 2 days ago to verify my US address details; I’m awaiting a response regarding the status of the application.

If somehow they approve the application, I’ll have 3 US credit cards to my name.

Now that I’ve provided enough background info, here’s my question: How easy is it to get approved for the US business Amex SPG you posted?

Hey Ricky, in the fine print for US Amex cards one of the reasons they state they can close your account is ‘if you cancel or downgrade your account within 12 months after acquiring it’

For cards that have the first year fee waived, would you recommend that we just keep the card past 12 months?

I was also thinking that US Amex limits you to once-per-lifetime bonus per product, once you cancel a card there’s probably no reason why you would apply for it again in the future?

Thanks !

Hi Ricky,

Great post! Do you have to file US taxes if you have a US credit card? If yes, only on US income or on global income?
Sorry if this is a stupid question.

Thanks in advance!

Hi Ricky,

My goal is to only collect MR & Aeroplan. In my case is it worth to get CSP or USA AMEX would be better?
Thanks!

Hi Ricky. Thanks for the post!
Question for you…Let’s take the CSP as an example. I have a 4k spend requirement for getting 625US and I have to pay 1% fee for my 4k. Does it become only 225US? Do I understand the 1% fee correctly?
Thanks.

Hi Ricky. Thanks for the post!
Question for you…Let’s take the CSP as an example. I have a 4k spend requirement for getting 625US and I have to pay 1% fee for my 4k. Does it become only 225US? Do I understand the 1% fee correctly?
Thanks.