SUCKISSTAPLES said:Naturally, had to dustoff the SIS screename for this one. Do you imply other name being used?

Amhenn said:Do we have any examples of College Students with limited income doing an App-o-Rama? I am very interested in trying, but I don't want mounds full of denial letters. My Average credit score is about 720-730, so I think I should be able to do well until I have to put in my yearly income. A good example would be great, so that I don't feel like I am entering uncharted waters. Thanks.

Adam

First off, thanks to SIS for starting this thread, it should be useful.

I am a (grad/prof) student. My thread is linked in the summary if you want to look at my experience. I previously applied for cards using my parents'/household income for the income question, that's how I had the cards before the AOR. As it happens, this summer I'm pulling down a good chunk of change, enough to put me over the 10k/15k thresholds many of the card issuers have. If they don't list an income threshold, call up and ask them if you qualify based on whatever income you have. Don't give your name, just ask if they have income requirements. If they say no and your credit score is in that range, you'll probably get approved with low credit lines. For that reason, unless you want to list parents' income (which I don't think is necessarily a bad thing as long as you're dependent on them, they'll help bail you out if you ever get into serious financial trouble, etc.), I would suggest going more for the bank and credit card signup bonuses for the first AOR. With low credit lines, you'll make a lot more that way than playing the BT game. Then, once the inquiries fall off your credit report, you'll have some accumulated lines that you can combine for BT offers the second time around. On the other hand, if you have a sterling credit history going back at least a few years, you may be surprised at the CLs you can get. I never carried a balance before doing the AOR and was able to pull down upwards of $20k in BTs, almost none of them with fees.

So, see what issuers say about income requirements. Mix in some student cards with the regular cards, and go for the sign-up bonuses (cardoffers is your friend here, as is FWF). Also hit the bank bonuses, as many of them involve hard credit pulls. Those can be lucrative - I recommend HSBC (they've messed up multiple times in my favor) and Ameritrade, if you can get $10k or more in BTs.

Also (randomly), don't be discouraged if you don't get instant approvals - all of my application deferrals ended up in approvals.

On another side note, Citibank is fine being a BT target. I have a Diamond Preferred Am.ex with them that has a 0%, no fee offer. Whenever I want to take a BT from somewhere else that won't send me a check, I just request a BT from Citibank and then have the other card pay off the balance. I've overpaid and had credit balances in the past, and they've never given me any trouble. So for getting cash from a BT, that's a safe bet. It takes a week or maybe two, but how much faster are you going to get the money another way?

koRebate said:SUCKISSTAPLES said:Naturally, had to dustoff the SIS screename for this one. Do you imply other name being used?

Multiple Personality Disorder? Dr. Jekyll and Mr. Hyde?

Nice one op

Sis, welcome back!!! <wink>

Great thread and thanks for putting together an all encompassing resource. I am honored to be included as one of your links. I wouldn't have taken the leap to begin my own AoR w/o the experience of many of those here before me.

Because it has been mentioned in this thread about info on the web, it IS out there, if one knows where to look and by no means is it limited to those of us in the States.

Here are a few links I discovered when researching about using 0% BT.

Stoozing Calculator

Official Stoozing Site

Oh I've been around... I've also been working on my website which I hope will become the definitive reference on the subject/

SweetCash said:SUCKISSTAPLES said:Oh I've been around... I've also been working on my website which I hope will become the definitive reference on the subject/
You mean this website? It will probably bring more income than any App-O-Rama, if people start signing through it... LOL

Well the website need more work anyway. Basically another cardoffers.com (signup bonus) but narrow down to the best of the best deal.

jackiechiles said: 0% BT / $XX.00 signup bonus hijinks

Chief Wiggum: Hehe. Hijinks. Funny word. Three dotted letters in a row.Eddie: Is it hyphenated?Chief Wiggum: It used to be. Back in the bad old days. Of course every generation hyphenates the way it wants to. Then there's N'Sync. Heh. What the hell is that. Jump in any time, Eddie, these are good topics.

Amhenn said:So why do so many people apply for BT cards when they know they are only going to get $1000-$5000 CL. Reallocation. Read #5 from OP's post and check this thread

Great work as usual SIS.
Anyone wishing to thank him for his work should consider dropping by here.