SIS comes back with the App-O-Rama FAQ - AKA MAKING THOUSANDS OF $$ FROM CREDIT Link AOR stories and post your successes

I was hoping to do my AOR today but almost all of the credit cards I'm seeing that offer 0% BT for 12 months also have a 3% (no limit) BT fee attached to them. That sort of defeats the purpose of making 4% in a low-risk savings account if you're paying 3% upfront. What am I missing?

ahself said: lappyhappy said: What am I missing?

The right apps with no BT fees. Not trying to be smart, but if you're looking at issuers' web sites, you're probably not going to find very many of those...this was even discussed one week ago in this thread.

As a start, look back at tim1's post as a place to find some useful application links. There are still several out there with no BT fees.

Thanks I'll look at tim1's post. I wasn't going through issuers I was going through the lists of best cards from some of the popular AOR websites. Most that I'm seeing have either an annual fee, no 0% BT offer, or no cap on BT fees.

Pangloss1980 said: Here's a quick question about an issue that at least a handful of us AOR folks have had to deal with: What do you do if you've got parents with a (quite) high HHI living nearby, as it relates to the address you provide on your apps? I'd lived with a friend as an informal renter when doing my previous AOR, so I claimed my parents address, and got accordingly high CLs for my AOR. (I'd lived with them after college and never changed my address with any official agency, so it seemed safe and reasonably legit.) But what to do if you've got a lease and cable bill in your name at a different address (as I do now)? If I don't tell the post-office, will anyone at the CC companies know? I'm cautious with my AOR money (<50% overall utilization, never any issues even from the touchier lenders), and so am not worried about any inquiries; just concerned about whether my next round of applications will get bounced back if I put my parents' address again.

I was in the same boat and didn't have any problems with this. You should be fine.

VanceWade said: Sounds like fraud to me. You're an adult with your own address. That would be the honest address to provide.

He's not going to have any problems doing this, it's not like the cc companies will check the address his cable bill goes to. It's not necessarily fraud or unethical either, depending on the situation. It could be that his parents address is the most permanent address that he has, so in this case he's doing the cc companies a favor by putting that instead of an address that he won't be at for long.

Lets say I am doing an AOR with my wife's credit, but she wants as little invovlement as possible. If I set myself up as an authorized user, I should be able to do the balance transfer myself, and talk on the phone if I need to. And authorized users don't normally involve credit inquiries? Probably some do?

ahself said: cameron2003 said: Lets say I am doing an AOR with my wife's credit, but she wants as little invovlement as possible. If I set myself up as an authorized user, I should be able to do the balance transfer myself, and talk on the phone if I need to. And authorized users don't normally involve credit inquiries? Probably some do?

I was in the same boat as you, i.e. wanting to use my wife's credit but she didn't want to talk on the phone much. I intentionally didn't set myself up as an AU so that it wouldn't impact my credit. Other than her having to speak to someone when having to activate some of the cards and verifying her identity when authorizing a rep to speak to me on occasion, her time on the phone was pretty limited and it was fairly painless overall. Check out my WOR for some discussion on the subject, particularly my last note in the OP and some of the first few posts in the thread.

Thanks. BTW, I used your thread as one of my main resources already, I appreciate what you did.

catonis said: After being on hold for a while, he came back and said "how about 40K". That's what he ended up offering. I took it and did 36K BT, which I will pay down under 20K to get under 50% utilization.

If the analyst went away and came back with this very generous $40K, this means he pulled a soft on ya, what were your scores then? Must've been high to get that kinda limit as soon as the account was opened. Moreover, If you applied for a joint, who was the primary and who's the AU?

I'm guessing you're the primary since you initiated the call for that sweet CLI.

I applied for 2 NC cards at the same time and received a low credit limit on both (5k), asked about an increase and they consolidated them to 1 card with 10k. I'm not sure if they will allow reallocation, but yes they will allow 2 cards.

Now, if someone can answer the same question for discover I'd appreciate it. Do they allow 2 cards and reallocation?

You can do a personal, personal, but you wont' be happy with the results, ie, your new CL will be $500 - $1000 tops. I did a Gas Discover on top of an existin' Vanilla, received $500 on the Gas and ended up consolidatin' into one and bumpin' the inquiry. _ Discover is stingy, a CLI attempt is worth more than a personal, personal.

oops wrong thread.

PoisnBGood, the interest rates are actually going up ... while it is true that the AOR climate is a bit cooler than it once used to be, one has to balance doing / not doing against personal situation. If you think you can boost your annual income by 10-20%, you're not in need of mortgage anytime soon, you don't stand much to lose in terms of credit history should you be hit with AA, etc. -- it may make a lot of sense to do it. There is also a lot of reasons not to do it now or ever, what matters is where you are on your own risk vs. reward scale.

PoisnBGood said: How common are the AA getting? It seems like they're being posted all the time, but I always take that with a grain of salt. I find people are much quicker to complain if something goes wrong than to talk about something going right. If I make sure all utilization doesn't exceed 50%, will I be pretty safe? I only have cards that I use, and I don't really want to lose them since I have it all set up for maximum Cash Back right now.

I can only speak of my own situation. Maybe I am clumsy, maybe I am unlucky, but I have HHI of 138K and got about $300K from my own AOR in March. Four months into it, Juniper closed my account, BOA closed my accounts and my wife's account and the account of every child using our home as a permanent address. Chase did the same, then threw in my father's accounts for good measure, though that may have been for his own AOR. I still have the money at 0%, but my credit base for future AORs or even for accumulation of rewards is now significantly reduced. I think I hit my dangerous AOR spot just when banks are at their most freaked out. I stayed below 90% utilization, which clearly was not enough to avoid AA. Who knows if staying under 50%, or making double payments, as others have suggested, would have staved off AA?

I really think I will successfully apply for credit in just a few months, but nothing is guaranteed. If you really can't afford to lose most of your credit cards, in today's environment, I would advise either avoiding AORs completely or keeping them very modest.

BlueEyesAustinTexas said: my wife's account and the account of every child using our home as a permanent address. Chase did the same, then threw in my father's accounts for good measure

How many people were using your single address??? The utilization plus questions about HHI may have played a role.

Six. I had four college students. They didn't use my HHI.

PoisnBGood said: I'd assume Chase would know about their cards, but if a citi card isn't on my credit report, maybe that will save me?If you tell me your name or address, I can see how much business credit you have available, your total current balance, and annual revenue by looking at your EQ Biz report, and I don't need your permission. Scary, huh? Lenders can probably look at specific accounts.
Good post
another good thread

Venturion seemed to do OK with lots of biz balances. YMMV

Any ideas on converting a 0% APR for purchases into cash? The APR for balance transfers is 7.99

National City wouldnt send my wife a balance transfer check. I'm guessing because they had sent me one last year and cross-referenced our names. What they said was "they dont do that, but would transfer to a card."

tim1 said: Citi closed her 8 accounts after BT of 89% of CL on 2 new cards and one existing card, also cashreturns usage to fund new checking accounts, and request for refund of overpayment from existing citibusiness card. no other aa from any other issuer, just citi.

Total new credit: 112k (after closure of all citi accounts)
Total BT funds obtained: 133k which includes 24k bt funds from now closed citi accounts and existing bt offer on existing account


Only problem I ran into is National citi offer is only for 6 months, terms changes the day after I applied. Also Discover More applied only a 3.9% offer to the account and I had to fax them the terms I printed out to get it fixed

tim1 - I wondered about the results of your A0R since you launched yours around the same time as MikeR397 and myself. I just noticed that you updated your results a few days ago and provided the follow-up (quoted above) in the next post.

Regarding your comment above about National City - Did your BT term end up as 6 or 12 months?

I used the link you provided, which clearly showed 12 months in the terms when I applied (on 7/2). I didn't think anything else about it until I read your update. So, I checked the terms/rates insert that came with my card and it showed my BT term was for 6 months. I called National City and, sure enough, my BT term was 6 months. I told the CSR that I had a screen shot (actually a copy and paste) of the terms clearly showing 12 months. At her request, I emailed her the terms and she called me back within minutes and confirmed that she re-posted the BT term to 12 months, which also extended my BT term by a month since she re-posted it this month.

Note to others who filed away the National City Quilter's Rewards card for their upcoming A0Rs...it's only a 6 month term now.

I just did a mini Business AOR July 1 . I recieved a citi business, AMEX simply cash, bank atlantic and chase business rewards. Total 75k bt 25k AMEX no bt. I have not used any of the funds yet but plan on using them for my business. The other day Juniper sent me an invitation for their bus card. Should I apply or is it a waste of time? My mid fico dropped to 692 from 713 before AOR. Thanks in advance for the input.

pasq said: I just did a mini Business AOR July 1 . I recieved a citi business, AMEX simply cash, bank atlantic and chase business rewards. Total 75k bt 25k AMEX no bt. I have not used any of the funds yet but plan on using them for my business. The other day Juniper sent me an invitation for their bus card. Should I apply or is it a waste of time? My mid fico dropped to 692 from 713 before AOR. Thanks in advance for the input.

Did you get any rejections? What utilization do you have after the BT?