Yes, this will cause mucho problems, firstly cuz ain't no bank gonna mail you a $60K credit balance check now days (if you achieve the $60K, which you won't), they will most likely end up crediting it back to your new creditors one by one. Moreover, by the time the entire matter is resolved, and it will take 60 days, your credit profiles will show a sudden and extra $60K in debt that'll massacre your scores. The latter is not even withstanding any adverse action that might come your way.

However, the futility of what you're trying to achieve lies in this: there exists NO evidence whatsoever that requesting a large BT while applying will earn you a higher limit _ your score is your score and your income is your income, they can't make themselves better during decisioning time. There is, however, evidence that requesting BTs while applying will augment your chances of instant approvals.

Yeah, a few years ago, a time when Advanta was extending business credit to janitors and dog agitators throughout the mid 2000s. Why look at it now, it's reducing exposure and credit limits hysterically and at neck-snappin' pace _ definitely an aberration.

However, if you insist to the contrary, I most humbly stand corrected then.

I was hoping to do my AOR today but almost all of the credit cards I'm seeing that offer 0% BT for 12 months also have a 3% (no limit) BT fee attached to them. That sort of defeats the purpose of making 4% in a low-risk savings account if you're paying 3% upfront. What am I missing?

ahself said:lappyhappy said:What am I missing?

The right apps with no BT fees. Not trying to be smart, but if you're looking at issuers' web sites, you're probably not going to find very many of those...this was even discussed one week ago in this thread.

As a start, look back at tim1's post as a place to find some useful application links. There are still several out there with no BT fees.

Thanks I'll look at tim1's post. I wasn't going through issuers I was going through the lists of best cards from some of the popular AOR websites. Most that I'm seeing have either an annual fee, no 0% BT offer, or no cap on BT fees.

Pangloss1980 said:Here's a quick question about an issue that at least a handful of us AOR folks have had to deal with: What do you do if you've got parents with a (quite) high HHI living nearby, as it relates to the address you provide on your apps? I'd lived with a friend as an informal renter when doing my previous AOR, so I claimed my parents address, and got accordingly high CLs for my AOR. (I'd lived with them after college and never changed my address with any official agency, so it seemed safe and reasonably legit.) But what to do if you've got a lease and cable bill in your name at a different address (as I do now)? If I don't tell the post-office, will anyone at the CC companies know? I'm cautious with my AOR money (<50% overall utilization, never any issues even from the touchier lenders), and so am not worried about any inquiries; just concerned about whether my next round of applications will get bounced back if I put my parents' address again.

I was in the same boat and didn't have any problems with this. You should be fine.

VanceWade said:Sounds like fraud to me. You're an adult with your own address. That would be the honest address to provide.

He's not going to have any problems doing this, it's not like the cc companies will check the address his cable bill goes to. It's not necessarily fraud or unethical either, depending on the situation. It could be that his parents address is the most permanent address that he has, so in this case he's doing the cc companies a favor by putting that instead of an address that he won't be at for long.

Lets say I am doing an AOR with my wife's credit, but she wants as little invovlement as possible. If I set myself up as an authorized user, I should be able to do the balance transfer myself, and talk on the phone if I need to. And authorized users don't normally involve credit inquiries? Probably some do?

ahself said:cameron2003 said:Lets say I am doing an AOR with my wife's credit, but she wants as little invovlement as possible. If I set myself up as an authorized user, I should be able to do the balance transfer myself, and talk on the phone if I need to. And authorized users don't normally involve credit inquiries? Probably some do?

I was in the same boat as you, i.e. wanting to use my wife's credit but she didn't want to talk on the phone much. I intentionally didn't set myself up as an AU so that it wouldn't impact my credit. Other than her having to speak to someone when having to activate some of the cards and verifying her identity when authorizing a rep to speak to me on occasion, her time on the phone was pretty limited and it was fairly painless overall. Check out my WOR for some discussion on the subject, particularly my last note in the OP and some of the first few posts in the thread.

Thanks. BTW, I used your thread as one of my main resources already, I appreciate what you did.

catonis said: After being on hold for a while, he came back and said "how about 40K". That's what he ended up offering. I took it and did 36K BT, which I will pay down under 20K to get under 50% utilization.

If the analyst went away and came back with this very generous $40K, this means he pulled a soft on ya, what were your scores then? Must've been high to get that kinda limit as soon as the account was opened. Moreover, If you applied for a joint, who was the primary and who's the AU?

I'm guessing you're the primary since you initiated the call for that sweet CLI.

I applied for 2 NC cards at the same time and received a low credit limit on both (5k), asked about an increase and they consolidated them to 1 card with 10k. I'm not sure if they will allow reallocation, but yes they will allow 2 cards.

Now, if someone can answer the same question for discover I'd appreciate it. Do they allow 2 cards and reallocation?