Unbelieevable's 2/28/07 AOR (with daily updates)

Post updated.

FYI - I plan on calling ADVANTA tomorrow to see if they will do BT to checking as others have posted that they have been able to successfully get them to do.

mackomon said: What was the chronology of your CLI's, CC apps and savings account apps? What would you recommend? Should they be all done the same day or does it even matter?

On 2/28, I started with all of the new applications, and then immediately did the online credit increase requests for the existing cards.

From the OP:

Bank Accounts opened:
ELOAN 5.25% Savings (2/27/07)
Citi Checking (20,000 Thank You Points) (2/28/07)
iGO 5.30% Savings (3/4/07)
AMTRUST 5.36% Savings (3/5/07)

sithlordabe said: Unbelieevable said: Just checked my CR for today...no change in scores from yesterday (see OP).

Also noticed that a couple of inquiries I had expected would fall off by now were still there:

FAC 03/02/2005 TransUnion
FDC 03/02/2005 TransUnion
FIRST AMERICAN CREDCO 03/02/2005 Experian
KROLL FACTUAL DATA/060 03/02/2005 Experian

Since it's been over 2 years, I thought they'd be gone by now...

These inquiries almost certainly have to do with my mortgage application because we purchased our home in June 2005.

They won't be factored into your FICO score calculations. Inquiries over 1yr aren't counted, inquiries over 6 month have minimal effect.

Also, FYI, Experian keeps inquiries for 25 months, not 24 like everyone else. TU, I've noticed, doesn't drop them right on the 24 month mark either, they miss it by a few days. Either way, you shouldn't be concerned about those 4.

I noticed the TU ones fell off today.

Unbelieevable said: Also, yesterday I received a welcome packet from CitiBanking for the checking account I opened with the 20,000 TY points bonus. The welcome packet clearly states that I will receive the 20,000 TY points after complying with the guidelines. ($1500 deposit AND 6 months of direct deposit OR billpay for 2 bills/month)



sounds like a success...does chase do a soft for a cli request (like AMEX). FYI - BofA did a CLI with a soft on my worldpoints plat....

Regarding the Chase United Mileage Plus personal card, I received a letter yesterday stating that my application had been denied. It had a reference number and a phone number, so I called them this morning, and they said it was denied by the computer, but they approved me immediately over the phone for a $5,000 limit and said I will have the card in 7-10 days.

Regarding the PNC Bank Business card, When I spoke to them this morning after receiving my card yesterday, they said that they will be sending checks in the mail that I can use for BT, and that as long as I use those checks, I can write a check to myself and it will still be considered a BT and not a Cash Advance and therefore be applicable for the 12months 0% no fee BT.

Chase allowed me to re-allocate the credit limit from my Priority Club Visa over to the new Sony Card today. I moved over $23,000 to give the Sony card a $30,000 limit and that leaves the Priority Club card at $2,000.

Re: Credit Score trending

I can't check TrueCredit until late tonight because I didn't get a chance to check it until late last night, so I have to wait 24 hours. Anyways, when I called today to cancel my Citi Credit Monitoring trial service, they offered me a free triple credit report and score, and since my trial doesn't actually end for 2 weeks, I accepted. The credit scores were quite different from what has been showing on TrueCredit...is this normal for it to be that big of a discrepancy between the scores at different monitoring services in such a short amount of time? I'm curious to see what TrueCredit shows later tonight (it'll be at least 10PM Central before I can do it) and if there is any change there too.

CREDIT SCORES
DATE TU EXP EQ
3/3 750 754 724 (PrivacyMatters)
3/4 750 752 724 (PrivacyMatters)
3/5 750 752 724 (PrivacyMatters)
3/6 752 752 721 (PrivacyMatters)
3/7 752 752 721 (PrivacyMatters)
3/8 752 752 721 (canceled privacymatters.com monitoring after pulling today)
3/8 752 752 707 (now with TrueCredit triple score monitoring, pulled again today-no idea why the big change in EQ score)
3/9 752 741 707 (TrueCredit)
3/10 752 741 707 (TrueCredit)
3/11 752 741 707 (TrueCredit)
3/12 714 727 738 (Citi Credit Monitoring)

Thanks, I kinda figured that was what might be going on.

I received the CitiBusiness Cards today (both of them) and the National City POINTS Card too. Info has been added to the OP, as well as the TrueCredit.com scores from tonight.

I have just removed the following card from the list of cards applied to:

Chase Business Cash Rewards (none)/12month 0%, 3% $75cap/No Annual Fee

...because I don't think I actually applied for it. I think I skipped over it on my list because there were some below it that were more attractive to me, and I never made it back to it. I just went through all of the papers I printed out from that morning and that's the ONLY card on the list that I have nothing printed out for, which tells me I never applied for it.

I just added it back to the OP.

At this point you have nothing to lose as far as an inquiry is concerned. Chase is going to do soft pulls anyway so I don't believe it will increase the risk of adverse action. Using the same reasoning about 2 weeks post AOR I requested an increase from 6700 to 20000 on the VW card that was obtained in the January AOR. I was surprised that not only did they say yes, they sprang for 25k. They did do a hard pull.

Then again there's the thought that promos come and promos go, but there are always promos to take advantage of.

Unbelieevable said: I went for it, no instant decision, and when I called I was GRILLED about why I was applying for so much credit in such a short period of time. At any rate, they agreed to re-allocate some credit to create this new account and I should receive it in the next 7-10 days.

So when you say you were grilled, what was your final answer? What did you tell them to get them to give you the credit?

-Pak

How did I respond? I answered all of her first few questions truthfully (many of them were for verification purposes) and then she asked why I had been applying for so much credit with Chase recently and with other financial institutions, and I told her that I had a good year. The she asked about the Sony Card BT check from the other day, and I told her it was for my eBay business, to fund local purchases with local vendors for the items I sell on eBay. Then it was questions about why I had so many accounts with Chase, and I explained that I like the variety of rewards on the different cards, and that I was interested in the freedom program now. She finally said she could reallocate the line from an existing card and I would have my new card in 7-10 days.

FYI - Chase hard-pulled TransUnion when I applied for the card. Transunion Score on TrueCredit dropped from 752 down to 749.

I didn't ask...didn't want to cause any more trouble/suspicion!

I have had this problem when I was doing daily pulls. You only solution is to call TrueCredit and they can then help you. I do not think it is anything to do with your AOR.

I called FNB Omaha, and was informed that they denied me. I'll be getting a letter in the mail supposedly that will explain why.

Also called BOA AMEX about that one - talk about strange. Apparently they said they received 2 applications for the other BOA card, and none for the BOA AMEX. I know for a fact that I applied for 2 different cards because I have the printouts from that morning, but I'm just going to leave it as-is since I'm satisfied with the results of the AOR as they stand.

I noticed you signed up for the AMX Business Gold Rewards card. When you received it, did it mention anywhere having the 25k bonus points, or just 5k points? I received my card and there is no mention of the 20k Bzz bonus points.

Thanks,
-Pak

mike212 said: Pakaderm said: I noticed you signed up for the AMX Business Gold Rewards card. When you received it, did it mention anywhere having the 25k bonus points, or just 5k points? I received my card and there is no mention of the 20k Bzz bonus points.

Thanks,
-Pak

I applied for that card and it also had no mention of the bonus. I made one charge and within days received 20,000 points. Then after the first billing period closed and a statement was generated I received the 5,000 additional points.

Ditto! Although I'm still waiting for the 2nd cycle so that the negative goes away and my points actually become available for use. (see thread about that card if you have no idea what I'm talking about)

deallover said: Nice post. Green 4 u.

2 Questions.

1) What is the advantage of AOR besides getting free perks and huge credit line?

2) If I have BT offer. Can I reuest let's say 20k of balance transfer to my bank checkcard VISA account?
Will it be treated as CASH advance? If not then I get free 20k money in my bank account earning 5%.

thanks in advance.


1. Sign-up Bonuses and large/additional credit lines to be used for BT are the main advantages and probably why about 90% of FWFers do an AOR. Another advantage is the opportunity to most likely raise your credit score in the long term (after a likely sizable drop for a while).

2. BT transfers to checking or debit cards are YMMV with almost all cc companies. Advanta allowed me to easily transfer BT funds to my checking account over the phone. Chase sent a BT check with my card, and I used it to write myself a check. Just be sure to confirm that the terms of the check coincide with the BT terms (with Chase, the terms were printed on the back of the sheet that the check was attached to). I have seen in other FWF threads that others have had good luck with BT to debit cards through credit unions, and the money goes straight to their checking account, but again, YMMV.