Thanks OP for very informative post...!!!

I was trying to find offers for the following cards, but all seem to offer smaller BT term then the one you got. Were this preapprovals or did you find some on-line ad? If it's on-line ad, do you still have a link?

BofA Platinum Visa -------------------0% for 12 (6 Month)
eTrade Platinum Visa---------------0% for 12 (No BT offer)
RBS Platinum ------------0% for 12 (10 Month)
WaMu Platinum------------- 0% for 12 (6 Month)
Commerce Bank Visa ------------------0% for 12 (2.99% for 6 month)

TIA

Awesome thread.

Nicely written, easy to follow. Would be interested in hearing about your strategy/approach to ensuring monthly min pmts are made, balances retired at end of promo periods, etc.

Great Job!

Would you mind including in the OP how much you paid for BT Fees? Those should probably count against your total profit.

Also, what's your total minimum payment each month for the BT's?

Thanks!

Hi
this is a great thread -first time poster here- need advice! thanks in advance!

- i need to get some credit lines/cards for inventory .Used up 90k in aug to buy a house.
my mortgage broker advises i cannot not pull any equity/refinance for 6 months.

my situation is this.
self employed- my credit score 752 in july 2006.
wife[works part-time] credit score 755 in july 2006.

bought a house for 550k in aug 2006 with 55k[10% ]down.18k closing plus 17k rehab.comps for 625k-645k.
-first mortgage 417k @6.75
-2nd mortgage[heloc] 78k @7.5%
no other loans.no late or missed payments on anything.


Home Business [internet retail]incorporated jan 2004.
2004 yearly revenue 600k ,60k gross profit, net profit 40k- household income 72k
2005 yearly revenue 300k ,90k gross profit, net profit 60k- household income 98k
2006 yearly revenue 350k ,95k gross profit, net profit 68k - household income 97k

Bus cards
AMEX bus.platinum 2004 -[to be paid in full each month] - no specified limit - i am primary cardholder [max used 80k / month ]

AMEX bus. line of credit card 2006 prime plus 4% $10000 limit- using $6800[said they cant increase it!!]

Personal cards
AMEX gold rewards-2003 [to be paid in full each month] - no spec. limit - i am secondary cardholder [max used 15k in a month ]
chase mastercard- 2000 18% apr[$2900 balance] cl $5300 - i am secondary cardholder [max used 5k in a month ]
discover classic - 2005 [no balance] cl $1200 - i am secondary cardholder [max used 1k in a month ]
Sears card aug 2006 0% apr 12 mths.[$ 700bal] cl $1200 - i am primary cardholder
Sears card aug 2006 0% apr 12 mths.[$2500bal] cl $3500 - wife is primary cardholder

questions?
1.i need about 50k cl for black friday sales- am i a good candidate for app-o-rama?
2.the address on all cards and business is the old family house address-any need to change the old addressses?
3. Should all applications have the new or old addresses?
4. Should i clear all balances before attempting app-o-rama?
5. which credit cards should i apply for ?

thx


TextTextText

Hi Everyone,

Sorry I haven't followed up on everyone's comments, but I have had a crazy Fall. In October, My employer let me go due to cost cutting measures (I received a sweet severance package though, so all is well). And I just received the biggest suprise of my life in that my wife is expecting. I am still a little depressed about it, as we weren't planning on having any children, so this will turn all my plans for the next 20 years upside down, but I am sure I will get over it!

Anyhow, another Fall activity was closing out this AOR. I have paid off all my BT's and will be planning a new one for mid 2007. Now I am off to Jamaica for a much needed vacation. When I return, I will put together a final post to summarize my results (I am well over $10K in gross AOR income) and pick your brains for some feedback on my next AOR (I may do a double-AOR with my wife's 800+ FICO score).

Enjoy the holidays !!

Steevyniu2004

steevyniu2004 said: • I had my lovely wife add me to her MBNA Chicago Bulls card with a 1992 history and $25k limit in order to increase my credit history and size of average CL.
When having your lovely wife add you to her credit card how long does it take for this to show up on your credit report?

Is it immediate for the purposes of the AOR?

You know, your update reminded me of how well-presented your original post was.

... it looks like you cut some of your BT's short at around the 8 month mark, am I right?

I do, however, disagree slightly that the First AOR being the most lucrative. I think it can make the biggest initial jump in CLs, and perhaps the best/most signup bonuses, but I think later AORs, which build upon the massive credit limits from earlier ones, offer greater total moneymaking opportunity.

As for the gains on the stock trading, all I gots to say is "way to go".

As a big opponent of AORs the fellow FWFers have changed my tune. It still isn't for me on this large level because I don' think I could do all of the micromanagement of it, but it is good to see you guys doing this and doing it well. 10K + bonuses is nothing to sneeze at. GJ and thx for the detailed posts to see how people are profiting from this. I did take a car loan in the past week that I have planned to pay off in the next 14 months and BTd about $30,000 for 15 months at 0%. I will save about $2500-$3000. I couldn't have and wouldn't have done it without the knowledge of some of the peopel here. Thx again to all.