Azurik said:Cards I Currently Own:

Business:
American Express Centurion --- $1,000,000 CL


And for anyone that doubts Azurik really has a Centurion, go back and search the archives. He does.

Curious as to what kind of money you are looking at making from going ahead with this and will it be enough to offset the potential risks. In the last day we have had one poster say his home insurance went up because of credit report and another had auto policy go up. 740 seems to be a borderline FICO to start an AOR with and I would worry about a sudden drop causing problems with those other great existing lines you have. Also it seems you are in a position where you could find something more profitable than doing an AOR. Sorry to sound negative just playing devils advocate

One other thing, You say you work in Defense related industries , Could what will appear as a sudden run up in debt possible cause any problems for you?

azurik, still selling dells at the computer show?

Here is my little honeypot:

Citi ProfessionalSM Card
• 10,000 bonus points after 1st purchase, redeemable for a $100 gift card*

Citi® Diamond Preferred® Rewards Card
• 10,000 bonus ThankYou Points®, after your first purchase, redeemable for a $100 gift card†

Citi PremierPass® Card - Elite Level
• 15,000 bonus points after first purchase within 60 days of account opening Convert to regular premier pass after you use and get credited with 150k points to avoid the $75yr fee

CitiBusiness PremierPassSM Card
• 15,000 bonus points after first purchase within 60 days of account opening Convert to regular premier pass after you use and get credited with 150k points to avoid the $75yr fee

CitiBusiness® Card with ThankYouSM Network
• Receive 10,000 ThankYouSM Points after your first purchase, redeemable for a $100 Gift Card†

That is about $600 in gift cards.

Reward yourself :)

DamnoIT said:Here is my little honeypot:

Citi ProfessionalSM Card
• 10,000 bonus points after 1st purchase, redeemable for a $100 gift card*

Citi® Diamond Preferred® Rewards Card
• 10,000 bonus ThankYou Points®, after your first purchase, redeemable for a $100 gift card†

Citi PremierPass® Card - Elite Level
• 15,000 bonus points after first purchase within 60 days of account opening Convert to regular premier pass after you use and get credited with 150k points to avoid the $75yr fee

CitiBusiness PremierPassSM Card
• 15,000 bonus points after first purchase within 60 days of account opening Convert to regular premier pass after you use and get credited with 150k points to avoid the $75yr fee

CitiBusiness® Card with ThankYouSM Network
• Receive 10,000 ThankYouSM Points after your first purchase, redeemable for a $100 Gift Card†

That is about $600 in gift cards.

Reward yourself :)

Thanks for that Citi side-bit DamnoIT.

I am looking through your list and another list I found earlier. I think my MAIN goal is to get as many statement credits/gift cards as I can. Secondly, I want to apply for a few 0% BT and put the BT check into a MM fund earning interest on their dime. The majority of them charge 3% BT fee though (with a cap of $50-$75), so I'm seeing if the second part of what I want to do is worth it.

Azurik said:scott1961 said:One other thing, You say you work in Defense related industries , Could what will appear as a sudden run up in debt possible cause any problems for you?

That, is a VERY good question. We are starting to look into credit reports to see if potential new hires are financially responsible. Although, my background check is done, I am in the process of applying for my security clearance at the Secret level. That is probably something I should look into and if that presents itself as a problem, I might need to scale it down a bit - like doing a mini-AOR instead.

Since you only reported your CC credit lines (as opposed to other balances such as car, house, HELOC etc), it would be advisable to tread carefully. If it's a DOD clearance, DISA does not look very favorably on a sudden increase in credit lines/debt. If it's a NATO clearance, that process is a little more painful, but not as much as a TS. If your job is dependent on acquiring a certain clearance level within a certain amount of time, I would recommend putting this on hold until your interim clearance is granted.

I understand some people's concern with DoD clearances; however, based on Azurik's Finacial / business background, I daresay it will have little or no effect on his clearance process. If anything, he may be asked to explain whay all the inquiries, and he can say based on his side business(es), along with future plans for additional income sources, he is enhancing his credit scores... as we all know, you take a ding for 3 to 6 months with regard to an APP-O-RAMA, but then your scores INCREASE, as your overall CL increase and proportionally your utilization percentages DECREASE.

Within the last 2 weeks, I did my annual APP-O-RAMA (sorry I haven't posted results yet)...

FICO dropped 17 points within the first week, then JUMPED up 43 POINTS, as individual utilizations decreased...

My outstanding balances are now more equally spread across my lines, and overall utilization dropped from 38% to 20%, only BECAUSE of an approximate additional $60,000 in CL!

I'm anxious to see your plans. I know whatever you do will be well thought out and thorough. I'm sure the SIS and DaveHanson gods will be watching closely. Best of luck.

My question is how much will they let you get. I'm assuming your Centurion shows as a balance type credit limit. If not, I don't know how concerned they'll be about having too much available credit. I'll bet you'll be able to pull in minimum wage simply with BTs!

WorkingTree said:Does your cunning plan involve katooeys?
had to google "katooey"...link for the uninformed like me..