Just got an offer for BoA business card in my email. Terms are 0% on BT for 9 months, no fee. Sorry, there's no offer code. This is as opposed to the normal terms of 0% for 6 months and 3% uncapped fee. I just completed my AOR but might apply for this card still. Does anyone know if BoA has strict requirements regarding business cards or are they pretty relaxed (I do not own a business but was able to get 2 business cards from Citi).

Regarding PNC -- It's true that they have 0% BT, no fee and $50 bonus, but they gave me a very small credit line. I applied for Chase on the same date, and PNC's CL is just 1/3 of Chase.

I'm collecting various bits of knowledge in preparation for my AOR ... One thing that I was not able to find much on (despite having read almost every thread that has "AOR" in the title) is the following:

1) how successful are people in giving their check-/debit-/bank-card number instead of credit card number as BT destination?
2) did anyone get caught red-handed doing this? what were the consequences?
3) how does this transaction look on the receving end? ACH? or smth. else? Are there any problems (except for a much anticipated several-day hold)?

I just don't want to go through PenFed (btw, they just bumped their BT rate to 5.99%) -- too much time to be invested (+ some money upfront, which is smth. I'm not a big fan of).

Freddingo said:I believe there is a thread dedicated to this question, search a bit...
Actually - look at page 1 of this thread under OP (sis')
Quantification of #7, Money to be Made
Maximum annual income I ever earned from CC BT interest rate arbitrage and CC/bank rewards
How to make money with Balance Transfers
How to get the Balance Transfer money from CC companys that don't transfer to checking accounts

cyberkost said:I'm collecting various bits of knowledge in preparation for my AOR ... One thing that I was not able to find much on (despite having read almost every thread that has "AOR" in the title) is the following:

1) how successful are people in giving their check-/debit-/bank-card number instead of credit card number as BT destination?
2) did anyone get caught red-handed doing this? what were the consequences?
3) how does this transaction look on the receving end? ACH? or smth. else? Are there any problems (except for a much anticipated several-day hold)?

I just don't want to go through PenFed (btw, they just bumped their BT rate to 5.99%) -- too much time and money to be invested.

Well, I read this entire thread before posting here ... but that was not enough to answer my questions (let alone answer them conclusively). You're right though -- I should probably take this question of mine there. I put it in this thread first b/c it seems that this is the one most frequented by seasoned AORammers (and it is their word I trust the most).

For those of you who have participated in the app-o-rama, perhaps you have an excel sheet that you used as a template to hold all of the credit card info / call numbers, etc. I'm curious as to how you organized yourselves. Please post an excel template if you have one, or point to a better tool. Thanks.

Yup, BT counted as a purchase.

If you're not going to take advantage of the BT offers, your score should recover almost completely within 6 months. The inquires will stay on your report for 2 years though.

Just did my AOR tonight. Immediate results are as follows:

Personal
Citi Diamond Preferred Rewards MC Deferred
Citi Professional Card Deferred
Chase SonyStyle Card Approved $5000 (temporary)
Morgan Stanley Discover Gas Declined (letter 3-5 days)
Morgan Stanley Discover Platinum Declined duplicate app
Citi AT&T Universal Rewards Approved $3,600
Citi Platinum Select Card Deferred
AMEX Platinum Business Premium Cash Rebate Didn't apply
FNB of Omaha Platinum Edition Visa Deferred
Chase Disney Rewards Visa Deferred
HSBC GM Flexible Earnings Card Approved Unknown
Bank of Omaha Platinum Visa Declined duplicate app
Bank of Albuquerque Platinum Visa Deferred
FNB Bucks Back Platinum Visa Declined duplicate app
Chase Freedom Visa Approved
Chase Free Cash Rewards Visa Deferred
Bank of Texas Platinum Visa Deferred
Penfed Visa Platinum Cash Rewards Deferred

Business
Citi Business Card with Thank You network Error
Citi Business Card with Thank You network Error
Advanta Platinum Rewards BusinessCard MC Deferred
Advanta Platinum BusinessCard MC Deferred
Advanta BusinessCard Error
Chase Business Cash Rewards Deferred
Chase GM Business Deferred
AMEX Simply Cash Business Card Approved
AMEX Platinum Business FreedomPass Card Approved
AMEX Platinum Business Card Deferred

The "Error" listed for three cards was some sort of browser error. I tried redoing the application and got the same thing, so I'll just wait and see what comes of it.

If anyone has questions, let me know. I'm probably not going to post a separate AOR thread, since I know that makes the old timers grumpy.

2Cor521

OK guys, need some help. Did a search, and found that some credit cards require that you make x number of purchases every x number of months in order to maintain the intro rates on BT's.

I'm doing a mini AOR, and have read the terms and conditions until my eyes were buggy for each one of my new cards, and DID NOT see such requirements. Can anyone, from personal experience, confirm or contradict this or point out any other gotchas for the following cards:

BofA Platinum Plus
Citi Professional
Citi Upromise Platinum Select
Citi Platinum Select
Discover Platinum

Thanks!

Pugranch -- I never got an approval the second time but I had read about similar problems before here on FW so I would not be surprised at duplicate apps. I did apply for lots of Citi cards though and already have three existing Citi cards, so I don't really expect approvals on all of them.

PolarDude said:SecondCor521 said:

...



Useful info that FNB of Omaha only allows 1 app. I wonder if you would have tried one of their cobranded banks, there would have been an approval? I think they are slow in processing the apps. I am also curious if you get more than 1 Advanta card. I think you had some Elan cards in there, and they have a ton of cobranded banks.
What were your scores/age/utilization/High credit/reported income?
What kind of biz structure was it? (Ein supplied? Corp, sole proprietor?)

Congrats on any approvals you get!

This is my first AOR, so I am still not exactly clear on the relationship between the brand names and the issuers and the card types and all that. I was trying for a variety of issuers but I did notice a going through the apps that even when it would say "bank X" it would end up REALLY being First USA, or Chase, or something. I don't know what effect that might have on my approvals.

Scores: If I had done my own thread, I would have called it a Lazy-O-Rama as I didn't check my credit scores before and have no intentions of checking them after. I do know when I applied for my mortgage in late November, my mortgage company informed me my score was 761, and that was before my only outstanding balance dropped under 50% utilization on that card. I can check my Equifax report for free and I know I have lots of credit cards from the big issuers with high limits, no lates ever.

Age: I have one card that reports on my Equifax report that was opened in 1978. It's actually my Dad's card but it ended up on my report because we have similar names and at the time I was living at his address. I have never fixed the error because I know it helps my credit score. (I've told him about it and he's fine with it.)

Utilization: Just under 49% on one card, all the rest at zero balances. Overall utilization is about 6% depending on how they want to count my HELOC which reports on Equifax as a mortgage account.

High credit: I have a $35,900 line with Citi.

Reported income: Prefer not to say specifically. Probably about average for a FWer.

Biz: "2Cor521 Enterprises", no EIN provided, sole proprietor, 1 employee, financial services consulting.

2Cor521