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cardjuggler
- Senior Member
rated:
posted: Apr. 1, 2007 @ 3:31a 
Senturon said:I have heard murmurs on some threads about a 2 year 'age requirement', and others who disagree.
There's your answer: some say yes, others say no. So, either:
- try it then add your results to the AOR stats thread
- wait 6 months then try it
Note: don't be bummed that lots of people who do AORs have (or claim!) higher HH income, just be glad you discovered it early. (And, read the Adverse Action thread BEFORE your AOR to make sure you're up for the risks, and as motivation for paying all your bills on time after the AOR.) |
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psychtobe
- Senior Member - 2K
rated:
posted: Apr. 1, 2007 @ 10:16a
So we have BT money out in my wife's name. When the offers start to expire, we'd like to roll them over; is it possible for me to do my own AOR (in my name) and transfer the balances to a different account owner? Or does she have to keep going through her own new credit applications? |
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cyberkost
- Ancient Member
rated:
posted: Apr. 1, 2007 @ 10:29a
If you're talking about transferring balances from the cards that belong to your wife (and only to her) to those that belong solely to you -- that's not allowed. You might want to play the game of becoming a joint on her cards (or, rather, making her joint on your new card), but that may unnecessarily constrain the scope of your AOR. |
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devildoc
- Happy Member
rated:
posted: Apr. 1, 2007 @ 10:44p
I have not had problems doing BTs from my wife's cards to mine and vice verse even without AU status. YMMV |
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Glitch99
- Senior Member - 5K
rated:
posted: Apr. 1, 2007 @ 11:41p
psychtobe said:So we have BT money out in my wife's name. When the offers start to expire, we'd like to roll them over; is it possible for me to do my own AOR (in my name) and transfer the balances to a different account owner? Or does she have to keep going through her own new credit applications?
cyberkost said:If you're talking about transferring balances from the cards that belong to your wife (and only to her) to those that belong solely to you -- that's not allowed. You might want to play the game of becoming a joint on her cards (or, rather, making her joint on your new card), but that may unnecessarily constrain the scope of your AOR.
Joint accounts are bad - they make the same debt show on two separate credit reports.
Bouncing balances back and forth between spouses, etc has been referenced here many times. If you give them a valid account number, they will transfer the balance. |
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cyberkost
- Ancient Member
rated:
posted: Apr. 2, 2007 @ 7:18a
Glitch99 said:
...
Bouncing balances back and forth between spouses, etc has been referenced here many times. If you give them a valid account number, they will transfer the balance.
Good to know, thanks! |
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WalStMonky
- Happy Member
rated:
posted: Apr. 2, 2007 @ 12:59p
Glitch99 said:Joint accounts are bad - they make the same debt show on two separate credit reports.
Bouncing balances back and forth between spouses, etc has been referenced here many times. If you give them a valid account number, they will transfer the balance.
The latter is true between different issuers, but you'll not likely get BofA to pay off your spouse's BofA account. I've noticed they seem to be able to tell nowadays, and are calling to verify transfers to differently titled accounts.
As far as joint accounts, wouldn't it also be true to say 'joint accounts are great! Keep them zeroed and they decrease utilization for both sides'. No, I'll never open another joint credit account but I'm not going to close the ones we have. |
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byex0039
- Cranky Member
rated:
posted: Apr. 2, 2007 @ 6:43p
Warning about FNBO during an AOR: I applied for 7 cards in a recent app-o-rama, including the FNBO offer for 15 month BT with 0% interest. I was approved on 3/18/07 for the card with an initial limit of $15,000. Today, I received a letter in the mail saying my card has been canceled due to excessive inquiries. They pulled Equifax to open the account, but I do not see a soft pull since on EQ from them (unless they are: FIRST OHIO BANC & LENDING, INC). My FICO from TU was 777 on 3/30/07, the day we got free FICO scores.
My inquiries: EQ: 15 [7 last 12 months, 6 on 3/18/07]
EX: 8 [2 last 12 months]
TU: 6 [1 in last 12 months]
All three reports show only 1 account with a balance: 15929.00 balance / 20000.00 credit limit
The overall utilization on the reports is 15929.00 total balances / 125000.00 total credit limits |
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mrBIGgmd
- Member
rated:
posted: Apr. 2, 2007 @ 6:55p
byex0039 said:Warning about FNBO during an AOR: I applied for 7 cards in a recent app-o-rama, including the FNBO offer for 15 month BT with 0% interest. I was approved on 3/18/07 for the card with an initial limit of $15,000. Today, I received a letter in the mail saying my card has been canceled due to excessive inquiries. They pulled Equifax to open the account, but I do not see a soft pull since on EQ from them (unless they are: FIRST OHIO BANC & LENDING, INC). My FICO from TU was 777 on 3/30/07, the day we got free FICO scores.
My inquiries: EQ: 15 [7 last 12 months, 6 on 3/18/07]
EX: 8 [2 last 12 months]
TU: 6 [1 in last 12 months]
All three reports show only 1 account with a balance: 15929.00 balance / 20000.00 credit limit
The overall utilization on the reports is 15929.00 total balances / 125000.00 total credit limits
The same thing happened to me. I found out my account was closed when I tried to activate the card. Those jerks. I do not want to give them my business. |
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WalStMonky
- Happy Member
rated:
posted: Apr. 2, 2007 @ 8:32p
It sure makes me feel dirty having their 0% money in my HY savings account.
Seems they're doing that backup pull much quicker. Hmm, maybe it would be better to apply for their card solo a couple of weeks before the actual AOR.
But no doubt it's happy days in the Monkey house. Looking forward to an all expense paid trip to the left coast later this month, courtesy of the AOR and FWF tips. Well, I'm sure the wife will figure out some ways to make it less than all expense paid. I mean seriously, what is wrong with Taco Bell if it's FAR?? |
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Broohaha
- Senior Member
rated:
posted: Apr. 3, 2007 @ 11:32a
This is a great thread. I've pulled off the AOR a couple times and its always been a nice little profit. |
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capecodder33
- New Member
rated:
posted: Apr. 3, 2007 @ 1:02p
First off I would like to say hi to everyone and commend the FW community for their wealth of information that they contribute on these boards. /cheers FW . I have a few questions about what to do before and after I do my AOR and how to move the the BT to where I want the money to sit.
A little back ground info for you : I have two open CC's. One is a Providian with a zero balance and the other is a MBNA credit card with a $5800 balance. I have my checking/savings and mortgage through Sovereign Bank that also issues you a Visa debit/credit card. I just opened up a WAMU savings account online that offers 5 percent interest and have linked that to my Sovereign checking account. So my questions are..
1) With my current set up, will I be able to tranfer my BT offers to my WAMA account directly/indirectly?
2) I heard that if you open a Citi account that you can have your BT deposited in that account then request that money be sent to you via check or transfer to your bank account. Is this correct? Also, do you need to have the Citi card open for a certain time for them to offer this service or can you use that service right away?
3)Should I open a small HELOC? Will this be another option or does this not work?
4) What would you folks suggest as the easiest set up to have all my ducks in a row so when I do do my AOR, that I will be able to move the money where I need it ( any high yeild account will do ) .
Thanks in advance . |
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crazyapps
- Member
rated:
posted: Apr. 3, 2007 @ 4:45p
Hi all, I'm new here and would like to try my hand at this apporama thing. But I checked out a bunch of offers from app-o-rama.com as well as cardoffers.com and I notice that the new verbiage in the T&C says that cash advance offers have a fee of 3% with a $5 minimum and NO MAXIMUM.
Meaning, if I was lucky enough to get a $10,000 CL from a card and I wanted to put that $ in an EmigrantDirect account, I'd have to pay $300 to do that. At 5%, that's $500 profit per year minus the $300 fee which is a huge amount.
Is this a new trend with these cards? Am I missing something? Are there still a lot of cards out there that have either no fee or have imposed a maximum amount? Would I be able to bypass the fee or get a maximum of $75 imposed if I speak to a CSR at one of these card companies? Thanks for your help. |
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crazyapps
- Member
rated:
posted: Apr. 3, 2007 @ 5:25p
Hmmm... Actually I think I realized the error I was making... I'm looking to execute BTs and not cash advances, right? I didnt realize that these CCs will let you do a BT directly to your bank account... |
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WalStMonky
- Happy Member
rated:
posted: Apr. 3, 2007 @ 8:26p
It is a major issue to get the verbiage correct. Issuers are rather extreme with their magic words. Say the right ones and they'll bend over backwards to give you free money. Say the wrong magic words an you get bent over...and charged an extra fee for the privilege. |
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crazyapps
- Member
rated:
posted: Apr. 3, 2007 @ 8:36p
Another question: for those of you that did most of your apps over the internet, what % of them were immediately approved and what % were you told "we need to review your application; we'll get back to you within 30 days"?
For those of you with a slew of the latter, about how long did it take them to approve your app eventually and send you your new card?
I'm having trouble because my info was recently exposed to a security breach at my university so I was told to put a credit watch on my credit file, which I did. Five days ago, I applied for a new student loan and had to call in to verify my info because of the credit watch. I tried to call the credit bureaus today to take the credit watch off my file but Experian and Equifax have phone systems that are COMPLETELY automated and I couldnt get a hold of a live person. For Experian I got an automated system that offered to temporarily remove the alert on my credit report but they asked for my "Personal ID #" and I entered about a dozen different things, including my SSN but had no luck.
Meanwhile, I actually got through to someone at Transunion but they said they did not have ANY record of a credit watch on my file, which makes no sense since I had to call in for the student loan I applied for five days ago!!
As you can see, this whole thing is driving me kind of crazy....
Anybody with any ideas? Ideally, I would just like a way to figure out once and for all whether or not there is a credit watch on my file. I cannot really go through with 20-30 applications if each and every one of them will be put on hold because of a watch on my credit... |
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WalStMonky
- Happy Member
rated:
posted: Apr. 3, 2007 @ 9:43p
Get current copies of your CRA data, then call.
We've done lots of AORs since 2001 with fraud alerts on the reports without problems, unless you have some pathological need for those instant approvals. Wifey hard cards in the mailbox in less than a week from her 1/17 AOR. HSBC was the only issuer who was a true PITA in the bunch. |
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crazyapps
- Member
rated:
posted: Apr. 3, 2007 @ 9:52p
WalStMonky said:Get current copies of your CRA data, then call.
We've done lots of AORs since 2001 with fraud alerts on the reports without problems, unless you have some pathological need for those instant approvals. Wifey hard cards in the mailbox in less than a week from her 1/17 AOR. HSBC was the only issuer who was a true PITA in the bunch.
ok, that's encouraging.
a few questions:
1. what is "CRA data"?
2. for those apps you sent it with a fraud alert on your credit report, did each of them call you to confirm your identity? or did most of them just approve you and send you the card anyway?
3. how long is the usual lag between sending in the application and learning of approval?
thanks. |
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jfarinha
- Member
rated:
posted: Apr. 3, 2007 @ 10:01p
Here is an AOR that I did
Paid for myFICO scores by getting a 20% discount with cpvsavings
Transunion 751 Equifax 696 experian 744,
Equifax--- 14,400 account didn’t hit credit yet. So, it was lower, a day after the AOR, it hit credit.
Current accounts, this was done for my daughter that just turned 19.
Current salary 137500.00 3 yrs on job. Chief marketing officer of a business that I own.
1. capital one 500.00 limit 12/06 4 mos old
2. Orchard card 500.00 limit 12/06 4 mos old
3. Added authorized user account 14,400 limit 8/05 bal 481.00 20 mos
4. Added authorized user account 10,500.00 limit 7/04 0.00 bal 36 mos
Average age 16 mos
Mistakes: should have waited a day, I didn’t think they would hit Equifax anyways. And should have put on some aged authorized user accounts.
Applications submitted 4/2/07
1. CitiBusiness Premier Pass -- 0% for 12 months -- No BT fee
2. CITI Professional MC (15K points
3. Sony Visa Card (Chase) -- 0% for 12 months asked for BT’d 18k into (juniper) instant approval $1000.00 gave credit card number, exp date
4. Financial Rewards Platinum Plus -- 0% for 6 months -- No BT fees, asked for bt 18k to (4266), instant approval for 10,400.00.
5. BofA NEA WorldPoint Platinum Plus VISA --> deferred asked for Bt 24k into (5424)
6. CitiBusiness with TY Network Card -- 0% for 12 months deferred
7. Chase United MP Personal:LINK 25k Bonus miles—asked for bt 24k to (amxd)
8. Chase Business Cash Rewards -- 0% for 12 months -- 3% max. $75 -- Cardoffers: NONE -- LINK
9. Citi Diamond Preferred Rewards: CO. 0%/12mo/no fee deferred
10. AT&T (Citibank) Universal Rewards Card -- 0% for 12 months -- No BT fee (with offer) -- Cardoffers: $30 -- LINK
11. Citibank Premier Pass -- 0% for 12 months -- No BT fee (with offer) -- Cardoffers: $33 -- LINK
12. Citi Home Rebate Platinum Select -- 0% for 12 months -- No BT fee (with offer) -- Cardoffers: $30 -- LINK
13. Discover Gas Card -- 0% for 12 months -- No BT fee (with offer) -- Cardoffers: $40 -- LINK asked for 24k BT to (citiL) deferred
14. Bank of business card ask for 24k Bt to (4266)
15. BofA American Express -- 0% for 12 months -- 3% BT fee, no max. (??) -- Cardoffers: NONE --
Application Status: Applied – Pending
16. American Express Blue -- 0% for 15 months (purch. only) -- No BT Offer -- Cardoffers: $75 -- LINK
Application Status: Applied – instant denial
17. AMEX Starwood Preferred Guest ($40 CardOffers, 10K+ Starwood points, convertable to FF miles) --> instant denial
18. Advanta Platinum Business Card with Rewards -- 0% for 15 months -- 3% max. $50 -- Cardoffers: $50 -- LINK instant denial. Asked for 25k bt to bof Bus. Card.D
19. RBS Kroger 1-2-3:LINK. 0%/12mo/2% fee up to $60—deferred asked for BT 14k to bofAMXADY
20. PNC (Elan) 0% for 12mos NO FEE deferred
21. WaMu %/till Jan08/$75 max fee. 6,000 points. WaMu offers 1 free real FICO score monthly asked for BT 14,800 to(169)
22. Juniper I Fly Free: .LINK. 0%/12mo/$50 max fee. $15 statement credit. Asked for BT to bof D
23. Merill lynch https://www.card.ml.com/MLRewardsCenter/ Introductory 1.9% APR on Balance Transfers and Cash Advance. Asked for Bt 14,400 to (6395)
24. Citi HHonors Visa Signature (applied 3/28 @ 11:20): CO. 2.9%/6mo/no fee. 15k HHonors points.
25. Captal One Platinum MC (: 7.99% fixed BT rate for life/no fee. Asked for bt of 18k to (3987)
26. Zions Cash Rewards - Up to 50% Cash Back Your Zions Bank Credit Card automatically comes with Zions Cash Rewards. Deferred
Navy credit union.
Experian pulls
• ADVANTA FINANCIAL CORP Date: April 2, 2007
• AMEX Date: April 2, 2007 •
• BANK OF AMERICA Date: April 2, 2007
• CAPITAL ONE BANK Date: April 2, 2007
• FIA CSNA Date: April 2, 2007
• FIRST USA,NA Date: April 2, 2007
• FIRST USA,NA Date: April 2, 2007
• ZIONS FIRST NATIONAL BK Date: April 2, 2007
• BANK OF AMERICA Date: February 1, 2007
• BANK OF AMERICA Date: December 2, 2006
• CAPITAL ONE BANK Date: December 2, 2006
• HSBC NV Date: December 2, 2006 11 new pulls
Equifax pulls
ADVANTA BUSINESS CARD 04/02/2007
CAPITAL ONE BANK 04/02/2007
CAPITAL ONE BANK (CAPSTONE) 12/02/2006
CITIBANK USA 04/02/2007
CITIBANK USA N.A 04/02/2007
CITIBANK USA NA 04/02/2007
CITI CARDS CBSDNA 04/02/2007
CITI CARDS CBSDNA 04/02/2007
CITIBANK SD (NA) 12/02/2006
FIA CSNA 04/02/2007
GEMB/DILLARD'S 12/02/2006
HURLEY STATE BANK 12/02/2006
KROGER 04/02/2007 9 new ones
transUnion Pulls
CAP ONE BANK 04/02/2007 TransUnion
BRCLYSBANKDE 04/02/2007 TransUnion
WASHMTL/PROV 04/02/2007 TransUnion
ELAN FINANCI 04/02/2007 TransUnion
ADVANTA BANK 04/02/2007 TransUnion
DISCOVER FIN 04/02/2007 TransUnion
BK OF AMER 12/13/2006 TransUnion
CAP ONE BANK 12/02/2006 TransUnion 6 new pulls |
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