Credit Card Issuer FAQ

Useful thread. Bump.

I was able to reallocate from biz to personal Discover card. Called last night, spoke to regular CSR, then biz, then biz supervisor, said I didn't want him to fill out an application for a CLI because I just got both cards within a week, so he said the "new accounts department" might be able to do it without an app/CLI request. That dept was closed last night, he made notes on my acct, I called back this morning and was able to have a business CSR talk to the new credit dept and get it done. Will link summary to this post.

To get a supervisor, I told the rep that I'm in the business of doing my business, and they're in the business of making me use my discover cards. The only way we could do business together is if they reallocated my lines.

Does the discover biz card definitely go on the report? My personal line showed up almost immediately, but the biz line hasn't shown up yet...

golf247 said: CSR said they can't do Bus to Bus reallocation.

That is absolutely incorrect. Did it last week.

This may not be a frequently asked question, but I think it should be -- with "green" being the new black, I'd be interested in seeing which issuers support electronic-only statements. Out of all cards I have, Advanta and WAMU are the only offenders (I'm appalled). If you care, vote this post green (ha) if you think this info should be in quick summary, red if not.

BankAtlantic does support electronic-only statements. There's no way to change it on their website, but you can ask for it via "secure correspondence" or by calling. Maybe they don't accept electronic payments (I can't find them with Citibank billpay either).

Edit: nevermind Advanta, their online CSR is stupid. I was able to call and ask to stop paper statements.

duna said: Could be super thread. Should we all work on these?

Go right ahead! That's the way things work around here. If you want a convenient place to track issuer-specific reference info, or just want to give back to the FW community for all the money-making tips, dive right in.

I'll even provide a specific suggestion: go through the initial post and Quick Summary of the most recent AOR thread then fill in any data that's missing from this FAQ. All it would take is one lurker for each AOR, and the FAQ would quickly become an amazing resource. The way to get there: step up and make a contribution yourself. That will encourage others to do the same.

Per a discussion on my "5 day AOR" thread, I did some more research on State Farm. Here's data that could be copied to the Quick Summary, perhaps with added links. I may do that, or anyone should feel free.

---

CardJuggler's conclusion on State Farm: worth applying for 8-14 days prior to the main AOR. Note: there are a few other cards that can be done during this "pre AOR" period.

Other data points are welcome.

CL     Order   Who           Initial  Days Later
-----  -----   ------------  -------  ----------
$24K      2    WashWast101
$22.5K    2    map174        TU & EQ  ??? ... $15K BT with app; long-time State Farm customer
$12K           WalStMonky wife  TU only but may have been first use in an AOR
 $9K      5    CJ report*      TU      4: EQ & EXP
 $5K           babaamit (college)
               devildoc        TU      1: EXP
denied   11    Pakaderm        ?       4: EXP
lost!          CJ report*      TU      8: EQ & EXP
               KiasuChick    TU & EQ   8: EXP
               SleepyNyte    TU & EQ  14: EXP
denied   11    Cyberkost     TU & EQ

* reported by CardJuggler for non FW members

Update: added partial anon report plus notes from WalStMonky ... who didn't mention the credit line

If you want to move your lines from Citi Professional try requesting that they convert to a different product like the Diamond Preferred, or any plain vanilla card, wait a number of days and then request the credit line tranfer.
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I just saw my name above from 12/24. The State Farm Visa was actually my wife's account, a single pull from TU, but I believe I was the one who introduced that card to FWF and that subsequent they got wise after the subsequent AOR molesting they took. Anyway it confirms my bias that the companies that keep shoveling 0% money onto my pile like doing it.

edit: no edit

12k, which was on the low side for her.

On both of my personal Citi cards and all 3 of my Citi Business cards they all have the option to BT straight to my Bank Account. I've had these for 2 years, and the option to BT straight to Checking has always been there....maybe YMMV for some?

larryc said: According to the quick summary, you can only have 3 Citi cards, but according to people on this thread, that's a myth.

Can anyone comment? Should we update the quick summary?

Copy & paste from my Citicards 'account summary' page:

You have 4 accounts assigned to this user ID

They would be Driver's Edge x 2, Dividend, Professional.

My wife has 6 if you count Citgo Visa and AT&T Universal x 2.

Not to mention we have 3 Citibusiness cards.

I've also heard that you can only get 2 Citi cards in some time period which is also bunk. I don't know how these myths take hold.

If you apply within a few weeks, or at the same time, for more than one cc, do they pull separate credit for each ap?

scripta said: larryc said: According to the quick summary, you can only have 3 Citi cards, but according to people on this thread, that's a myth.

Can anyone comment? Should we update the quick summary?I have 4 personal and 1 biz, none of which are co-branded. I have never seen anyone reporting more than 5 personal. I'd update q.s. with "3 to 5, YMMV" or something..

hair said: " Has anyone been successful in getting more than one Discover Business card, perhaps by using a different business name or TIN?
No: 2 completely different companies (an S-corp and an LLC). The rep first said I had to close the first Disc Bus then reapply ... though eventually he closed it instead. A different rep told me later that the first rep was wrong and the old card could have been left open ... but I didn't have any reason to keep the first so decided not to bother trying to re-open.

I called to request a CLI for my RBS Kroger 1-2-3 rewards card. Rep said the system automatically grants increases from time to time but if I were requesting one specifically, a hard inquiry is done at EQUIFX. I went ahead with the request as EQ is 'bumpable'

woohoooooo! an extra $5,500

updates QS with this info...

edit: I called in immediately following the increase to ask whether I could request a line higher than $12,000 using the same credit report... was told yes. I mentioned tranferring a balance and needed $20,000 in total. rep put me on hold and then voila! $20K!!!

I love online correspondence... as part of my AOR2.0, I inquired to Wells Fargo regarding the option of having 2 or more accountsDear Jackcrawfish:

You usually can have only one Wells Fargo credit card account with you as the only cardholder.

You can close you account one day and submit an application the next day.I updated the QS

decline from AMEX: "Our records indicate that you have four American Express revolving card accounts, which is our bank policy limit. Therefore, your request has been declined."

jackcrawfish said: I love online correspondence... as part of my AOR2.0, I inquired to Wells Fargo regarding the option of having 2 or more accountsWells Fargo said: Dear Jackcrawfish:

You usually can have only one Wells Fargo credit card account with you as the only cardholder.

You can close you account one day and submit an application the next day.I updated the QS

I was able to secure a second Wells Fargo card by the following method:

1. 07/30/2007 Applied and approved for AOR1.0 Wells card (16500 limit)
   
2. 08/25/2008 Denied AOR2.0 card (I was testing rep "only one card" claim)
   
3. 08/26/2008 Called to close AOR1.0 card and request AOR2.0 be re-reviewed.
   
4. 08/27/2008 Approved for AOR2.0 card (8000 limit)
   
5. 09/01/2008 misc BT for 7000 on AOR2.0 card
   
6. 09/19/2008 Called to have AOR1.0 card reopened. I was told sup would have to call back.
   
7. 09/19/2008 (later) executive office called me back stating my AOR1.0 card was re-opened
   
8. 09/22/2008 Called to consolidate AOR1.0 card into AOR2.0 card. I was able to BT str8 to checking for no fee

edit: I called a different number to have my account re-opened: 1-800-988-8019

In another thread, MikeR397 asked about Compass Bank. As far as I can tell from my CC statements, they issue their own card -- or at least don't use any known issuer. It's a phone app, usually with someone friendly. Typical CL $10-12K. But, it's really designed for people who already have a bank account there, so they may or may not approve outsiders. (I've seen both.)

The Business card has a restricted area, though would be interesting to try after getting a bank account.

New issuer for AORs: TD Bank, 0% purchases and BT for 6 months; $75 capped fee. Only worth applying for business or personal, not both. (Was approved for $10K personal, got letter in mail, they saw the bus app and wanted to know how to allocate the 10K across the 2 cards. Haven't actually received the Bus card yet so there may be more to the story.)

http://bank.TDBank.com/personal_banking/personal_credit.cfm

cardjuggler said: New issuer for AORs: TD Bank, 0% purchases and BT for 6 months; $75 capped fee. Only worth applying for business or personal, not both. (Was approved for $10K personal, got letter in mail, they saw the bus app and wanted to know how to allocate the 10K across the 2 cards. Haven't actually received the Bus card yet so there may be more to the story.)

http://bank.TDBank.com/personal_banking/personal_credit.cfm

Restricted lending area?