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?
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.
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.
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.
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.
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
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.
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??
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 ) .
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.
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...
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.
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...
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.
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?
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
capecodder33 said: 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. creative ideas... includes a useful Quick Summary plus long discussion.
Personally I think a HELOC is very useful for the many banks that will not BT to checking. Not yet tested: whether the "Equiline" CC for my Chase HELOC is a reliable destination, or whether it's better to stick with BT to the HELOC address.
1. what is the savings/mma account with the best combination of convenience/high interest? i looked through the stickied thread on this and there are so many responses, i dont know where to begin. is there a general/consensus "best" place to put your money? seems like it would be EmigrantDirect but there are lots of places with substantially (i.e. .30%) higher rates. can anybody recommend one of the 5.30+% places? ideally, i'm looking for a savings/mma account that is as easy-to-use and convenient as emigrant/ingdirect but with the higher rate.
2. my only real big fear about doing an AOR and then transferring tons of money to a savings/mma account is the possibility that my credit score will divebomb to such an extent that some of the cards will see fit to unilaterally raise my 0% BT rates to usurious levels (i.e. 25+%)... has this happened to people before? what can i do to make sure it doesnt happen to me? if a card wants to increase my rate, they WILL notify me right? i worry, though, because i'll probably be getting so much snail-spam from card companies i might not notice/pay attn to something like that.
3. has anybody had success asking the different cards to WAIVE the BT fees? i.e. tell them "well, you know, a competitor card of yours offered me the same 0% deal but they have no fee..." does it work?
4. do you gus keep track of ALL your cards/transfers/promotional gifts/free points etc. in Quicken or money? it seems like it would be an enormous hassle to keep track of all that junk and also kind of difficult...
Warrior1994 said: I just did an apporamma about 4 months ago. I checked my credit score and its at 665! Before the apporamma my score was at 750. My total credit card balances due is about $25K but I have about $100K in available credit. None of my cards use over 50% of the credit limit. I got hit with 12 inquires from the apporamma, no late payments, defaults, ect. Is it normal for my score to be so low at this point? Will a credit score of 665 be bad if I'm applying for jobs (i'm a cpa)?
I've read several places in FWF that 6 months seems to be the key point for inquiry dings to wear off, so give it a couple of months and see if your score doesn't bounce up a good bit. I expect with most jobs, the score doesn't matter so much as delinquencies, public records, or really excessive debt. Each employer is going to have their own view of that, though.
How important is it to do an AOR early in the day? I am working during the day and it would be easiest for me to do the AOR at around 5-6 PM EST until late at night (midnight). I've seen people mention doing it early in the day/early in the week..... why is this vital?
also, what does CLI stand for? credit limit increase?
crazyapps said: How important is it to do an AOR early in the day? I am working during the day and it would be easiest for me to do the AOR at around 5-6 PM EST until late at night (midnight). I've seen people mention doing it early in the day/early in the week..... why is this vital?
Depends on how important you think the inquiries are. The theory is that the shorter amount of time you complete the applications in, the (possibly) less inquiries you could have. Some companies may only pull credit once for several applications in one day. It's pretty hit or miss from what I can gather though. In my AOR, they pulled like crazy.
also, what does CLI stand for? credit limit increase?
my credit score actually increased after AOR. however, i have yet to pull funds out. increase in score was probably due to increased credit line of overall credit. i suggest applying for cards, then using credit monitoring reports to daily pull credit to bump queries off your report for a few wks, then apply for some more cards =)
665 is still a decent score (average/better than average) and it's only going to go up over time.
The effects of a hard inquiry will be reduced after 6 months.
There is no way your credit score will affect your job search.
cclyde said: Warrior1994 said: I just did an apporamma about 4 months ago. I checked my credit score and its at 665! Before the apporamma my score was at 750. My total credit card balances due is about $25K but I have about $100K in available credit. None of my cards use over 50% of the credit limit. I got hit with 12 inquires from the apporamma, no late payments, defaults, ect. Is it normal for my score to be so low at this point? Will a credit score of 665 be bad if I'm applying for jobs (i'm a cpa)?
I've read several places in FWF that 6 months seems to be the key point for inquiry dings to wear off, so give it a couple of months and see if your score doesn't bounce up a good bit. I expect with most jobs, the score doesn't matter so much as delinquencies, public records, or really excessive debt. Each employer is going to have their own view of that, though.
Hope this isn't too off topic. Does anyone have an estimate of how many pulls (I've got True Credit) one must do to knock a couple of TU inquiries off?
How can you search if you can't spell the word you're searching for.
It's Roboform kamello. Unless you love typing the same info over and over and over and over and over and... well, it's essential. You can use the free version for your first AOR. Well, actually for all subsequent as well, but you just might find it's worth the price. Handy dandy little tool.
I have developed a plan for a follow-up to my casual AOR from early January, I wanted to run the plan by the sages here so they could tell me if it’s a stupid idea and not to bother.
My first (Casual) AOR:
Began early January 2007
HHI $90k
FICO: approx 790 (I didn’t do any credit monitoring, that was what I was told my score was when I applied for a HELOC (which I did not close on) about a year ago)
Original Cards:
Chase BP CL: $30k (12 years old) balance approx 2k, paid in full every month
Chase plat visa: $5k (14 years old) bal 0 (never use card)
Cards and limits (all cards I applied for I received):
B of A NEA Card (0%, 12 statements, $30 max fee) $12.6k, increased to $20.1k via consolidation with BofA Financial Rewards plus) BTd $12k
Citi Professional (0%, 9 months (oops). $16.8cl, BTd $8k
I do see several newbe mistakes (no Chase or AMEX lines, the ‘unconsolidatable’ ATT card, etc.) and I do realize I have been conservative with my utilization. However, this conservatism resulted in a credit score that still seems reasonable: 3/31/07: 736 (via the TU freebie promotion from another thread, all lines and balances had reported)
I was generally pleased with how the AOR went despite its informality (I did not apply for all the cards in one day, the process stretched over a month). However, the small Cls with Discover, ATT and Citi Diamond seem silly, I tried to consolidate the ATT and Citi cards in every possible combination but the CSR told me it was impossible. I would like to make the small lines more usable, extend my 0% (the Citi Professional card 0% BT will expire in September) and get some more $$$ in my HYS.
These small credit limits, combined with:
my surprisingly healthy credit score (correct me if I am wrong)
An increase in HHI to $140k in July
My lack of BT money from Chase
Has led me to consider a follow on mini AOR in August. My plan is this: Late May:
Pay down GE and BofA below 50%
Pay off Discover, Citi Diamond Preferred and ATT. This payoff would be about 5 months before expiration but I think it would provide a worthwhile bump in scores in return for paying off small balances.
Mid August:
Apply for a Chase 0% BT card, (reallocate approx 30k to the promotional card from my other chase cards) BT 50% (wish I jumped on the Freedom promotion).
Apply for another Citi card and consolidate Diamond and ATT (hopefully) CLs to it BT 50%
Possibly apply for three(?) other cards that I don’t have yet. (if I can find decent BT terms)
My questions are:
Am I being greedy? (is it stupid to try again after six months?)
Would I be better off if I wait until the bulk of the 0% approaches expiration?
Some have said that if you don’t get any denials you haven’t pushed hard enough, should I keep pushing?
What about CLIs? Should I ask for them before applying for new 0%? (so far, I have had no ‘free’ opportunities for CLI with my cards, but it has only been a few months, my new and improved HHI will help, but the duration of the 0% offers on those cards is getting shorter)
I guess I am just looking for advice from those folks who have done more than one AOR, is rushing the next one (including paying down small BT balances prematurely) a foolish strategy or is it worth a shot?
BobbyRobert said: Am I being greedy? (is it stupid to try again after six months?) No, no. It actually sounds like a good plan. If you review the stats thread, you'll see that you could probably apply for several more (though I do think waiting until Aug. is a good idea). And, the CC Issuer FAQ lists plenty of "minor" cards to consider.
I'm think I'm in the midst of a huge AOR failure. I applied for 14 cards (two should be shot down immediately because I did three Discover aps before I found out about 1 per 30 days). All were defered except two. A $3000 Travelocity card (oddly says $17,500 on the Juniper ap status lookup) and a $600 GM Card. Great. I did a mini AOR in December and I didn't receive any especially large lines there either (biggest $8000), but when I asked for increases they all went over $10,000. Spidey sense has REALLY low ones coming this time. 765 score, $5000 tied up in a 0% Chase Sony, $6000 left on my car, $3000 probably showing on my Citi (paid it off today), and around $100,000 free credit (thanks AMEX). Since I went after cards for BTs rather than bonuses for the most part, am I just screwed and have to live with a bunch of low limit cards that probably won't receive increases since I now have so many inquires and lines of credit? I'm bumping like a madman for what that's worth.
Wifey in her January AOR made 20 apps, 17 deferred, 2 instant approvals and 1 instant denial. Total new credit came in at 316,900. Never try to make sense of what the issuer's do, it's beyond the ken of mortal men. Example: Citi approved her for 5 of 7, turned her down for a Citgo gas card, and sent her a note on the other that they couldn't verify who she was and a utility bill was needed. Yes lady, here's 5 cards with 56k in limits, wait, you want another card, who the heck are you? How the heck does someone with a credit profile like hers get turned down for a stinkin' gas station card?
Ok, after reading for a while I've decided to start an AOR, but I'm trying to find the best possible credit cards for it.
Some background on me:
23 Years Old
Veteran of the military, now full-time student
I'm not currently working, but I'm pulling $1800 a month from GI Bill + other extra money from investments/interest. Made $26k taxable + ~11k GI Bill last year. I will be getting a job shortly and my fiance is working so that counts towards household income of about $40k.
I don't know my FICO, but my credit is spotless with a Best Buy (4k limit) credit card and credit union card (6.5k limit) from 2003, motorcycle payment from 2004 - 2005 paid off, car payment 2005 - still paying. Have USAA AMEX card for $8k limit that I just got in late 2006. I carry no balance on any of my credit cards.
My goals are:
To make more than $2k in interest. $5k would be stellar for me. Not hurt my credit too much, I will be getting my scores and signing up for TrueCredit.com And to try and get a good amount of rewards.
What do you guys think my chances are in performing a successful AOR and getting approved for some decent limits with a household income of about $40k and my credit history above? I don't want to kill myself doing a bunch of inquiries if I won't get approved.
To make more than $2k in interest. $5k would be stellar for me. Not hurt my credit too much Which is more important? Even if you stay below 50% utilization, your credit history is short so I would guess that a reasonably profitable AOR is going to hurt your credit.
At age 23, treat your first several AORs as early steps in a long-term strategy for making extra money (provided you can pay bills on time and avoid the temptation to spend "other people's money").
A very rough estimate: you could make 5% of your HHI, and your wife another 5%. (I have no idea whether you can do that well on your first AOR, but perhaps your second 1 year later. And, that may require more aggressive utilization than is wise. The math is left as an exercise for the reader, though I'll be happy to chime in on reasonable attempts.)
New CL from AOR: $ 20,000 = 1.3x HHI New CL from AOR: $ 24,100 = 0.28x HHI New CL from AOR: $ 39,400 = 0.44x HHI New CL from AOR: $ 45,000 = 0.69x HHI New CL from AOR: $ 55,000 = 1.5x HHI New CL from AOR: $ 59,000 + some unknown New CL from AOR: $ 83,300 = 1.1x HHI New CL from AOR: $102,500 - 0.98x HHI New CL from AOR: $102,600 = 1.3x HHI New CL from AOR: $121,000 = 1.34x HHI New CL from AOR: $155,000 = 1.6x HHI New CL from AOR: $162,000 = ?x HHI New CL from AOR: $193,000 = 1.9x HHI New CL from AOR: $250,000 = 1.47x HHI New CL from AOR: $259,900 = 1.5x HHI New CL from AOR: $271,500 = 1.18x HHI New CL from AOR: $294,900 = 1.47x HHI New CL from AOR: $295,000 = 2.1x HHI New CL from AOR: $307,000 = 1.2x HHI
I did not see this question anywhere though I am sure it is here somewhere. I currently have 11 credit cards (4 Buss and 7 personal) and was wondering if the experts could tell me if I would be better off closing accounts or leaving them prior to my AOR. I have not had an hard pulls in a month on my credit and am planning my AOR in 5 months.
Gregoryfo2 said: I did not see this question anywhere though I am sure it is here somewhere. I currently have 11 credit cards (4 Buss and 7 personal) and was wondering if the experts could tell me if I would be better off closing accounts or leaving them prior to my AOR. I have not had an hard pulls in a month on my credit and am planning my AOR in 5 months.
I think the general consensus is to keep them open. The business cards shouldn't be showing on your personal report anyways.
To make more than $2k in interest. $5k would be stellar for me. Not hurt my credit too much Which is more important? Even if you stay below 50% utilization, your credit history is short so I would guess that a reasonably profitable AOR is going to hurt your credit.
At age 23, treat your first several AORs as early steps in a long-term strategy for making extra money (provided you can pay bills on time and avoid the temptation to spend "other people's money").
A very rough estimate: you could make 5% of your HHI, and your wife another 5%. (I have no idea whether you can do that well on your first AOR, but perhaps your second 1 year later. And, that may require more aggressive utilization than is wise. The math is left as an exercise for the reader, though I'll be happy to chime in on reasonable attempts.)
Ok, I've read a lot about CC that allow me to reallocate credit lines, should I try and get those cards first as long as they have good balance transfer rates/fees?
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