After reading and researching during the last few weeks, I decided to implement my AOR ( I hope this is posted in the right place, sorry if its not).

My existing lines of Credit prior to starting this endeavor:
discover gas card $10K limit member since '92 (used for gas purchases @ $150/month for the 5% Cash Back, but recently I stopped using the card, and paid off the balance completely)
mbna fidelity $14K limit member since '02 (used for everything else $1.5 - $2K/month)
a local credit union card, $10K member since '95 (don't use this one much anymore)

My credit report shows a mortgage(paid off) and other credit cards from years ago that were cancelled by me(wrong move on my part). My FAKO numbers were 747,765,780.

(10/5/06) -- I called discover to increase my limit. I asked for $20K and got it, but it took a hard pull(I should have asked for more, but this was early in my AOR research and didn't fully appreciate the significance of a hard pull)

(10/15/06) I called MBNA and my credit union to get limit increases. MBNA increased to $25K and CU increased to $11K. No hard pulls required. All three new limits are showing on my credit report as of (10/20/06).

(10/19/06) I called discover to threaten to cancel my card. They gave me an offer of 1.9% BT LOB with $25 monthly purchase requirements starting in June06. They offered to transfer direct to my checking account with no BT fees, so I took it for $18K which leaves me with 90% on this card. I figured, worst case, this would allow be to BT from another 0% card that won't allow me to do ACH transfers or paper checks mailed to me. I can also do other BT's on this card under the same terms until 12/28/06. I want to have this balance down to under 80% by the time they report. Either I will get other BT's to do it or I will simply pay it down. Anyone know when Discover reports? They told me at the end of every month, but I always thought it was at the end of the billing cycle.

I did my AOR applications this morning(10/23/06). My main purpose was to get some free BT money for investing and get other cards to make my overall utilization % lower, while getting the signup bonuses. I intended to focus on the last few no-fee citi cards for BT money, but my plan quickly needed to be modified:

--I first tried to apply for the citi card with the 0% LOB offer (offer code F1K7, see thread on that), but the online application was screwed up. I got to the end and it had some sort of error. So, I tried again and it only gave me a $6800 limit.

--I then tried the citi drivers edge card, but approval was deferred. Later on, after my other applications listed below, I called citi, and they said that my drivers edge card was declined because I had too many applications(they said 2 was the limit). The only other applications were for the LOB cards, they actually were processing two applications for that exact same card because of the error on the web page. They could not yet tell me what my limit was on the first card, but the second one was still approved at $6800. I hope they give me >10K on the first card, and allow me to consolidate those cards to make use of the LOB offer.

I was pretty discouraged by all this but I pressed on anyway.

--The worldpoints AMEX card with $75 signup bonus (instant approval but no CL mentioned)

--Polaski gold card for its no-fee BT's and $40 from cardoffers. (these guys ask for a lot of info and you have to wait for approval)

--Chase plus rewards MC, for its cash-back, 0% APR on purchases and $100 signup( code 94H) approved, but no limit mentioned.

--Discover miles card for its bonus 12,000 points and 0% APR on purchases and BT's. deferred, probably because of my recent BT activity from them only a week prior. I asked for a $25K BT on the application.

Here's the best part:

--I applied for the AMEX blue cash and accidentally put a request for a $25K BT from them on the application. They have no fees, but APR is 4.9% for BT's, even though its 0% for purchases. instant approval and $25.5K limit.

--I applied for the AMEX IN:NY card, put the same $25K balance transfer request on there and was deferred. 6months 0% APR and no-fees.

I called AMEX and explained that I screwed up the application on the BLUE card and really only wanted the BT on the IN:NY card. They cancelled the BT from blue card, but kept the limit at $25.5K, and approved the IN:NY card with the balance transfer. I still have to provide them with the BT instructions, any chance I can get them to just send me a check. This would leave me with 100% utilization on this card, but I would quickly pay it down to 80% to avoid adverse action. I feel that if I asked for a smaller BT, they would have simply given me a lower limit and still be at 100% utilization.

After all this, I think the most effective method to get high limits on new applications is to request a BT with the application.

I originally counted on the citi cards to try to get most of the BT money, and didn't really want to apply to AMEX, but they came through in the end. I think that because of the screwed up citi web page, I might have killed my chances at getting some high limit cards from citi.

OAPR, consider initiating a new thread for feedback on your aor.

Capitol 1 is the worst. I AOR (for wife and I) and got 24 new CCs making about $1000 from Card Offers and another $1000 from rewards. I upped my CL from 62K (6 old cards) to 207K (old plus new). Then Cap 1 sends us both offers for 10,000 pts after first purchase. I applied online and we both got the cards w/ an additional 20K cl each!!! I'm getting about 50k in balance transfers (most from Citi in the form of checks) and will invest it in no risk 5% investments.

Anywho - here's my big question. What the heck do I do towards the end of my first year when the yearly fees are due on some cards - I'm assuming this is the time to end many of the CCs? Do I keep the ones I've had the longest?

Also - I called Discover because I wanted to transfer my CL on my old Platinum (15K - 4.9%BT) to my new Miles (8K - 0%BT). They said I would have to close my old account. Do I wanna do this, just to invest another 15K for a few months, or should I hold onto my old card?

Tx, and sorry if I've missed other posts about these things.

do you know which credit agency Chase pulls from? I have a 5 yr old account w/ $20k limit and am about to apply for 3+ Chase cards with sweet BT offers (no fee and 0% for 15 months). My scores are 715,726,730 (not sure if FAKO or FICO, it's from privacyguard). How many you think I can get, and would Chase do checks or ACH? There's about 6 total decent Chase cards I'm thinking about.

dodgeman007 said:

the problem is you cant "force" a CC company to do that(bt to checking) i work for chase and the first hoop to jump through is in order to do an ACH you must have the act open for at least 90 days,
I had never done a BT or cash advance before so was very surprised how easy MBNA was. They pretty much forced me to let them ACH $99,925 into my bank account. All I wanted to do was activate my new card when the CSR asked me if I wanted a cash advance? I told him no because of the 3% fee and he asked how about if he could cap it at $75? I told him I would think about and could I call him back next day because I did not have bank account info handy, He said he would not be in and if I wanted this offer I had to it now and he would hang on while I got bank info. I felt like this was one of those high pressure sales pitch which normally would make me just hang up. Still not sure why they were in such a rush to give me almost $100k for over 14 months for only $75. I mean what would that amount have cost me as a unsecured loan? Thinking at least over $10k

Hi,
I have just come across this BoA PetRewards Visa with 6 mo/0% APR on BT:
BoA PetRewards Visa Site

- 0% introductory APR on BT (first 6 billing cycles)
- no annual fee

I am in the planning stages for my first AOR, and I was wondering whether someone could look into the T&C of this card and confirm that it offers 0%/no fee BT for 6 months... If so, I may add it to my list of cards.

Thanks!

Vmaxer said:dibu said: I was wondering whether someone could look into the T&C of this card and confirm that it offers 0%/no fee BT for 6 months... Q]

Would you like someone to help you use the bathroom too???</blockquote>

Why not? Dude, I am just looking for some expert advice from someone who has more experience with AORs than I do. Obviously, you do not share the Fatwallet spirit...</blockquote>

dibu said:Vmaxer said:dibu said: I was wondering whether someone could look into the T&C of this card and confirm that it offers 0%/no fee BT for 6 months... Q]

Would you like someone to help you use the bathroom too???</blockquote>

Why not? Dude, I am just looking for some expert advice from someone who has more experience with AORs than I do. Obviously, you do not share the Fatwallet spirit...</blockquote>

I am saying this without any sarcasm or mean-spiritedness. If you are not capable of reading your own terms and conditions you are not ready for AoR and you will not be able to handle it no matter how much hand holding we do, seriously.</blockquote>

I'm planning on doing an AppOrama soon. I've read that if you do BT to a Citibank cc account it will appear as a credit, then you can request a check from Citi online. I'm planning on moving about $70K in BT to a single Citi card. Do you guys think this will be a problem? Is this a too big amount for them to cut a check?

Hey guys I pulled several BT, but I still dont get how you do with it, right now it's just sit in my account, for one reason it's not that much to do with it, and collecting changes from CD is not in my blood..hehe.
I think I come up with something....b/c it's just a waste to sit there.