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KiasuChick's Pay-My-Rent -O-Rama updated 12/29/2007 Archived From: Finance

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   posted: May. 1, 2007 @ 6:32p
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Hello - I've been doing AORs for years now but today was my first major AOR. Since I cannot afford a house in SoCal I want to fund my rent for a year with OPM!

My goal is to get $120k in 0% to put in HYS, while staying around 50% total utilization. Also having paid off my car what's the point of my OK credit score, might as well put it to good use!

I have a three prong AOR strategy.

1. Currently I have $30k @ 0% in the US in my Mum's name expiring in July 2007 and 2. £10k ($20k) in the UK @ 0% until February 2008. 3. I have only one CitiBusiness card with 0% in my name so I plan a rolling AOR.

Starting with my AOR today, then another in my Mum's name in August/September then another in the UK in 2008.


++Pre-AOR Situation

Card----------------------Date------Limit-----Current Balance-------% Util.
AMEX Costco TrueEarnings--2005------$24,900---$900.17---------------4%
Citibank Plat. Div. MC----2003------$25,000---$582.6----------------2%
BOFA MC - ex MBNA P Plus--1998------$35,000---$1858.32--------------5%
Chase---------------------2003------$5,000----$0--------------------0%
BOFA Visa----------------2005------$17,500---$0--------------------0%
AMEX Blue-----------------2001------$24,900---$0--------------------0%

Total CL: $132,300
Total Balance: $3,341.09
Avg Utilization: 3%

Other Cards
Citi Business-------------2006------$4,800----$3,040--------------63%
Macys---------------------1998------$2,000----$0-------------------0%
Old Navy------------------2001------$1,100----$0-------------------0%
Home Depot----------------2001------$7,000----$0-------------------0%


Citi (Cons.) Student Loan-2006------$9,855----$7,923


Total Debt: $13,197.03
Total CL: $147,200.00


++Application Stats

HHI: $93k
Age: 27
FAKO (TC): TU789/EQ796/EX796
Employment: 6 years, 3 months with current employer (yuck, bad planning)

 

++AOR Summary

Card------------------Promo Length---Max. BT fee---Approved?-----------Credit Line-----------BT Amount Requested
Chase CLI-------------NA-------------NA-----------Approved----($5000 --> $17,000)--------
Fidelity Worldpoints--12-------------UNCAPPED------Approved----NA--$10000---------------
FNBO Visa-------------15-------------$75-----------Approved------------$15,000-------------
Advanta Plat Bus MC---15-------------$50-----------Approved------------$12500-----------------
Discover® Platinum----12-------------$0------------Approved-------$12000---------------15k
Citi Simplicity-------12-------------$0------------Down----------------NA--------------------
CitiBusiness® PPass---12-------------$0------------Approved-----$4000--------------------
AT&T Universal--------12-------------$0------------Approved------------$4500-----------------
State Farm Visa--------9-------------$0------------Deferred------------NA--------------------15k
CitiBusiness w/TY-----12-------------$0------------Approved-----$4000--------------------
AMEX IN:LA-------------6-------------$0------------Approved------------$25200----------------
Yahoo! Titanium Visa--12-------------$50-----------Approved------------$4200--------------------
Star Wars Card--------12-------------$75-----------Down----------------NA--------------------
Chase Free Cash-------12-------------$75-----------Approved------------$7000--------------------
Juniper I FlyVisa-----12-------------$50-----------Approved------------$15000----------------
RBS Platinum----------10-------------$60-----------Approved--------$7000--------------------
Sony Plat. Visa-------12-------------$75-----------Approved------------$7000-----------------


++Results

Total new CL: $149,400 (total CL: $276,800)
Total Approved: 13/14


Overall I'm glad to see SOME approvals, bit worried about the # of deferred. Hope they pulled my credit today. Upset I couldn't get the Fidelity card as I really want that for 1.5% Cash Back. FIA/BofA was totally down today as well as Citi Simplicity.

Am I missing any cards I should apply for today, 13 is unlucky # ?


   posted: May. 1, 2007 @ 6:32p

++AOR Inquiries

STATE FARM FINANCIAL S 05/10/2007 Experian - damn these guys are crazy!!! It's just a credit card.
RBS 05/03/2007 Equifax
**STATEFARM 05/02/2007 Equifax --> bumped 08/07/2007
**ST FARM BANK 05/02/2007 TransUnion --> bumped 06/21/2007
FNB OMAHA 05/01/2007 Experian -- Most likely for 6% til 9/28 HYS account - nm got approved for the FNBO card.
FIRST USA,NA 05/01/2007 Experian
DISCOVER FINANCIAL SER 05/01/2007 Experian
AMEX 05/01/2007 Experian
FIRST USA,NA 05/01/2007 Experian
FIA CSNA 05/01/2007 Experian
ADVANTA FINANCIAL CORP 05/01/2007 Experian
**BRCLYSBANKDE 05/01/2007 TransUnion --> bumped 06/17
**CITI/CBSD 05/01/2007 TransUnion --> bumped 06/18
**CITI 05/01/2007 TransUnion --> bumped 06/16
**CITI/CBSD 05/01/2007 TransUnion - bumpage? - mysteriously disappeared 5/12 according to TC

++Pre-AOR

** T-Mobile 04/30/2007 TransUnion -- work blackberry contract --> bumped 06/16
** CITI 03/03/2007 TransUnion -- CLI ---> bumped off 05/21/2007
** CITI 02/26/2007 TransUnion -- CLI ---> bumped off 05/21/2007
** CITI/CBSD 06/17/2006 TransUnion -- Student loan consolidation - bumped off 05/18
**CITIBANK N.A 04/10/2006 TransUnion -- ?? -----> bumped off 5/16/2007
VISA/FDSB 12/28/2005 Experian -- Macys Visa application
BANK OF AMERICA 10/11/2005 Experian -- 0% B of A card


++TrueCredit FAKO

TU 789 EX 796 EQ 796 05/01/2007 2pm
TU 783 EX 787 EQ 796 05/01/2007 11:10pm
TU 782 EX 787 EQ 796 05/02/2007 11:47pm
TU 782 EX 788 EQ 793 05/04/2007 12:14am
TU 782 EX 788 EQ 793 05/05/2007 01:16am
TU 774 EX 776 EQ 793 05/06/2007 09:51am - weird nose dive today, new accounts showing up?
TU 774 EX 776 EQ 793 05/07/2007 11am ish
TU 774 EX 776 EQ 787 05/08/2007 11:43am
TU 776 EX 776 EQ 787 05/09/2007 12:15pm
TU 776 EX 775 EQ 787 05/10/2007 12:18pm
TU 776 EX 775 EQ 787 05/11/2007 12:48pm
TU 776 EX 775 EQ 787 05/12/2007 1:05pm
TU 776 EX 775 EQ 787 05/13/2007 2:40pm
TU 776 EX 775 EQ 787 05/14/2007 10:03pm
TU 776 EX 775 EQ 787 05/15/2007 10:35pm
TU 780 EX 777 EQ 787 05/16/2007 11:45pm - finally bumpage on TU
TU 780 EX 777 EQ 787 05/17/2007 11:48pm
TU 782 EX 777 EQ 787 05/18/2007 11:57pm - another TU inquiry bumped today
TU 782 EX 774 EQ 787 05/20/2007 11:15am
TU 785 EX 774 EQ 787 05/21/2007 2:23pm
TU 782 EX 774 EQ 783 05/22/2007 3:03pm
TU 782 EX 774 EQ 783 05/23/2007 3:25pm
TU 776 EX 773 EQ 783 05/24/2007 4:35pm - $5060 balance showing for RBS - TU
TU 776 EX 773 EQ 777 05/25/2007 11:45pm - $5060 balance showing for RBS - EQ
TU 775 EX 767 EQ 777 05/26/2007 11:54pm
TU 775 EX 727 EQ 777 05/28/2007 11:01am - EX reporting Juniper balance
TU 767 EX 727 EQ 777 05/29/2007 1:28pm - TU reporting FNBO balance
TU 767 EX 727 EQ 777 05/30/2007 1:29pm
TU 763 EX 725 EQ 777 05/30/2007 4:07pm - TU and EQ showing $40k revolving balance
TU 761 EX 725 EQ 742 06/01/2007 5:21pm - big hit on EQ today from more debt being reported
TU 761 EX 725 EQ 742 06/02/2007 8:57pm
TU 761 EX 723 EQ 742 06/05/2007 12:14am - where is bumpage?
TU 761 EX 723 EQ 742 06/06/2007 12:18am
TU 761 EX 707 EQ 742 06/07/2007 7:30am - chase balance on EX.
TU 728 EX 707 EQ 734 06/08/2007 8:16am - $65k balance showing across the board now
TU 728 EX 718 EQ 734 06/09/2007 10:10am - EX up 11 points today, not sure why debt is the same.
TU 761 EX 718 EQ 734 06/11/2007 10:30am - TU up, weirdness.
TU 761 EX 710 EQ 744 06/14/2007 9:01am - big hit to EX with $87k showing now. EQ up again. Weird.
TU 761 EX 710 EQ 729 06/15/2007 10:50am - EQ down again.
TU 765 EX 710 EQ 729 06/16/2007 11:11am - 2 inquiries bumped from TU
TU 742 EX 710 EQ 729 06/17/2007 5:00pm ish - $87k on TU and one inquiry bumped.
TU 747 EX 710 EQ 729 06/18/2007 6:55pm - another inquiry bumped from TU, one more to go
TU 747 EX 719 EQ 729 06/19/2007 7:50pm - EX up, debt the same
TU 747 EX 719 EQ 729 06/21/2007 12:59am - last inquiry bumped from TU
TU 747 EX 719 EQ 729 06/22/2007 1:00am
TU 747 EX 719 EQ 737 06/23/2007 2:55pm - $97k showing on all CRA
TU 747 EX 719 EQ 737 06/25/2007 7:00pm
TU 747 EX 719 EQ 737 06/26/2007 7:41pm
TU 747 EX 719 EQ 737 06/28/2007 11:39am
TU 747 EX 719 EQ 737 06/29/2007 6:20pm
TU 747 EX 719 EQ 737 07/02/2007 01:00am ish
TU 747 EX 719 EQ 737 07/04/2007 11pm ish
TU 747 EX 719 EQ 737 07/05/2007 11:41pm
TU 747 EX 706 EQ 737 07/09/2007 1:53pm - $49k AMEX balance showing on Eq, total $144k
TU 739 EX 706 EQ 722 07/12/2007 11:30pm - $144k showing across the board. Is this the lowest point?
TU 739 EX 706 EQ 722 07/18/2007 8:56am - $153k on EX & EQ
TU 740 EX 706 EQ 722 07/22/2007 10:50pm
TU 740 EX 706 EQ 722 07/24/2007 12:15am
TU 740 EX 706 EQ 722 07/25/2007 12:57am
TU 740 EX 704 EQ 717 07/27/2007 1am ish - no changes in debt.. just don't like me today.
TU 740 EX 704 EQ 717 07/28/2007
TU 737 EX 704 EQ 717 07/30/2007 11:40pm
TU 737 EX 704 EQ 717 08/03/2007
TU 737 EX 704 EQ 717 08/06/2007 1:12am
TU 737 EX 704 EQ 722 08/07/2007 2:22pm - YAY! first Equifax inquiry bumped off today!
TU 737 EX 704 EQ 722 08/09/2007 10:50am - 2nd EQ gone!
TU 737 EX 704 EQ 722 08/14/2007 11:11pm
TU 737 EX 704 EQ 722 08/17/2007 10:49am
TU 737 EX 704 EQ 722 08/25/2007 12:42am - $164k on EQ and $157k on EX
TU 643 EX 652 EQ 722 09/03/2007 9:18pm - major drops on TU & EX from closed Chase cards. $164k balance still showing up.
TU 643 EX 652 EQ 722 09/05/2007 12:30am - feeling a bit sorry for myself today
TU 643 EX 652 EQ 722 09/08/2007 09:30am - pull on TU for B of A MMA - sucks!! myFICO TU 695 EQ 651 EX 635
TU 643 EX 702 EQ 722 09/14/2007 11:50pm - Balances at $155k on TU and EQ. Score up on EQ.
TU 727 EX 702 EQ 722 09/19/2007 10:50pm - TU back up to 727, no change in debt.
TU 727 EX 702 EQ 722 09/23/2007 10:55am

TU 746 EX 733 EQ 764 09/26/2007 - got kicked out of TC for excessive inquiries, using AMEX CreditSecure now. #s are nicer on AMEX anyway. $144k total debt showing up.
TU 746 EX 733 EQ 773 10/05/2007 1:15am
TU 746 EX 739 EQ 773 10/14/2007 2:30pm EX showing $137,378 total debt.
TU 762 EX 739 EQ 779 10/16/2007 1:15am $137,378 across the board.
TU 762 EX 749 EQ 779 11/05/2007 11:55pm Score up 10 points on EX showing $88k balance. 9 inquiries on EX now too.
TU 772 EX 749 EQ 789 11/11/2007 2:20pm $79k on EQ. $81k on TU and EX.
TU 740 EX 737 EQ 777 11/21/2007 3:21pm Showing $85k balances, weird drop for just $4/5k
TU 749 EX 737 EQ 777 11/21/2007 2:30pm $86.4k across the board.
TU 749 EX 740 EQ 789 12/15/2007
TU 762 EX 749 EQ 789 12/18/2007
TU 770 EX 749 EQ 780 12/29/2007 TU inquiry from September bumped off.
TU 789 EX 749 EQ 789 01/13/2008

++Cards Received

Discover - 05/07
Sony - 05/07
FNBO - 05/07
AMEX IN:LA - 05/07
Fidelity Worldpoints Visa - 05/08 -- yipppeeee!
CitiBusiness - 05/10
CitiPremierPass - 05/10
Juniper I Fly America - 05/10
AT&T Citi - 05/10
Chase Free Cash - 05/12
Chase Yahoo! - 05/12
RBS Platinum - 05/12
Advanta Business - 05/14

++Balance Transfers and Checks

First National Bank of Omaha Platinum Edition Visa -- $11k to IN:LA AMEX -- COMPLETED
Advanta Platinum Business MC -- $11k to HSBC Debit card -- COMPLETED
Discover® Platinum Card -- $10k to HSBC Debit card -- -- COMPLETED
CitiBusiness® PremierPass Card -- COMPLETED
AT&T Universal Rewards Card -- $1500 to HSBC, $20k check -- COMPLETED
CitiBusiness Card with Thank You Network -- COMPLETED
AMEX IN:LA -- $21.2k to existing 0% card, $20k to HSBC Debit card, $7.8k to existing card --COMPLETED
Yahoo! Titanium Visa -- $25k check to bank account -- COMPLETED
Juniper I Fly America Visa -- $12k check to bank account -- COMPLETED
RBS Platinum -- $5k check to bank account -- COMPLETED

Total BT completed: $150k
Total in process: $0
Total yet to initiate: $0


Overall total planned: $150k


++PS

Thanks to everyone who has contributed to the AOR thread and painstakingly documented their AORs to share the knowledge.

Message edited by: kiasuchick on 2008-01-13 15:18:21 CST
   posted: May. 1, 2007 @ 6:47p
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5 out of 13 approvals (and no instant denials) is good, don't worry. I don't see Chase Freedom on your list, it looks like the $250 bonus is back, check out the thread.


   posted: May. 1, 2007 @ 6:53p
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kittenmittens said:5 out of 13 approvals (and no instant denials) is good, don't worry. I don't see Chase Freedom on your list, it looks like the $250 bonus is back, check out the thread.

I checked it out before I applied for the free cash card and no $250 bonus to be found


   posted: May. 1, 2007 @ 6:58p
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What's the deal with the Fidelity card? The only one I see is the one that pays from an account you have with them? Is there a different card?


   posted: May. 1, 2007 @ 7:03p
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daregan said:What's the deal with the Fidelity card? The only one I see is the one that pays from an account you have with them? Is there a different card?

This is the credit card not the ATM card.

5000 worldpoints = $75. So it's straight 1.5% Cash Back into my Fidelity account. From there I can use it to pay bills, cash from atm or transfer to HYS. Very frustrated I couldn't sign up for it.


Edit: Looks like application is up again, applied but said they cannot give a decision right now. Fingers-crossed!!!!


   posted: May. 1, 2007 @ 7:12p
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Hey, this may be a dumb question but what do you mean by OPM in you first post.

I checked the acronym list on the Wiki and didn't see it there, and I'm failing to see the obvious meaning.


   posted: May. 1, 2007 @ 7:14p
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Montresor said:Hey, this may be a dumb question but what do you mean by OPM in you first post.

I checked the acronym list on the Wiki and didn't see it there, and I'm failing to see the obvious meaning.

I hazard a guess -- "other people's money"?


   posted: May. 1, 2007 @ 7:15p
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Hate to be a Gloomy Gus, but I don't think you're going to make enough to pay southern california rent for more than a few months (unless you're living in a really cheap place!)

For the debt that's in your mother's name, are any of your lines joint? For doing rolling AORs, it's important to keep all your tradelines separate (especially the ones carrying debt).

You'll probably get at least a decent number of the deferred cards approved.


   posted: May. 1, 2007 @ 7:15p
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madscribe said:Montresor said:Hey, this may be a dumb question but what do you mean by OPM in you first post.

I checked the acronym list on the Wiki and didn't see it there, and I'm failing to see the obvious meaning.

I hazard a guess -- "other people's money"?

Yes other people's (aka big corporation's) money


   posted: May. 1, 2007 @ 7:21p
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markkundinger said:Hate to be a Gloomy Gus, but I don't think you're going to make enough to pay southern california rent for more than a few months (unless you're living in a really cheap place!)

For the debt that's in your mother's name, are any of your lines joint? For doing rolling AORs, it's important to keep all your tradelines separate (especially the ones carrying debt).

You'll probably get at least a decent number of the deferred cards approved.

My rent is paid if I can get $120k @ 5% APR. Just hope I can get that amount.

Yes I took myself off as AU over two years ago for my Mum's accounts. I put myself on to "build" credit under her SS# as she hadn't lived here for 30+ years.

Everything is separate. And the UK doesn't talk to the US for now, so that's nice.

Thanks for the advice!


   posted: May. 1, 2007 @ 8:47p
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Looks like some nice work. I dont see you mention scores going in but I fugure you were pretty high to bein with. My own AOL will start within the next week. Waiting to see if a few scores update etc right now. Great work! Post the followups on the deferred apps!

Rob


   posted: May. 2, 2007 @ 12:12a
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robertw477 said:Looks like some nice work. I dont see you mention scores going in but I fugure you were pretty high to bein with. My own AOL will start within the next week. Waiting to see if a few scores update etc right now. Great work! Post the followups on the deferred apps!

Rob

I will be posting updates. Scores this morning from TC: TU789/EQ796/Ex796


   posted: May. 2, 2007 @ 1:31a
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Wait, how did you apply for a Citi Simplicity card? I thought they were discontinued?


   posted: May. 2, 2007 @ 2:13a
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markkundinger said:Wait, how did you apply for a Citi Simplicity card? I thought they were discontinued?

Yes I think you are right. I had the link but the server was down when I went to apply page. Their site is still up though with the application link??


   posted: May. 2, 2007 @ 1:25p
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kiasuchick said:markkundinger said:Wait, how did you apply for a Citi Simplicity card? I thought they were discontinued?

Yes I think you are right. I had the link but the server was down when I went to apply page. Their site is still up though with the application link??

When you click to apply, you get this error:


A system error has caused a delay in processing your application. Please try again later.

This is before even filling out the app. Methinks card is dead!


   posted: May. 2, 2007 @ 1:28p
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500 a month is pretty cheap rent...

Also, you need to consider tax implications, bringing your total down a bit.


   posted: May. 2, 2007 @ 3:00p
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highmktgoods said:500 a month is pretty cheap rent...

Also, you need to consider tax implications, bringing your total down a bit.

That's what I was thinking. You're must be either getting a REALLY sweet deal on rent or you're living in a rickety shack somewhere. That said, the AOR strategy is still a great plan if done properly.


   posted: May. 2, 2007 @ 3:23p
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kiasuchick said:daregan said:What's the deal with the Fidelity card? The only one I see is the one that pays from an account you have with them? Is there a different card?

This is the credit card not the ATM card.

5000 worldpoints = $75. So it's straight 1.5% Cash Back into my Fidelity account. From there I can use it to pay bills, cash from atm or transfer to HYS. Very frustrated I couldn't sign up for it.


Edit: Looks like application is up again, applied but said they cannot give a decision right now. Fingers-crossed!!!!

If it makes you feel any better I really wanted this card also. I applied online. After filling everything out, I was sent to a page that said the online application process was down to call a 1-800 number. I called the next day and was denied. I thought this was pretty odd because my credit is pretty strong. I shook it off and figured I would reapply 6 months from now. I got the card in the mail about a week and a half after the online app process. I guess it went through after all.


   posted: May. 2, 2007 @ 3:30p
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highmktgoods said:500 a month is pretty cheap rent...

Also, you need to consider tax implications, bringing your total down a bit.

Yeah I'm looking at gross income and not net. Tax isn't due until next year . I take home office deduction so that helps too.


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