lhendricks92 said:Shouldn't be a problem to move the professional's CL to the citiBusiness MC, correct?
Beats me, you should let us know what you find out. In general, Citi won't let you transfer business -> personal and personal -> business. The wildcard is what is the Professional treated as?

If you do consolidate the line over to the business side, it will have the advantage of hiding any BTs you do with that balance from your credit report, but the disadvantage of not having the CL there to boost your FICO.

if i'm interpreting the reallocation thread correctly, people have reported no (few?) problems with moving professional CL to another business card. seems the prof card is treated as a business card for reallocation purposes (even though it is reported to your personal CRAs)

and, yes, you make a good point about overall personal utilization. that's the reason why i went for the hooters and penfed cards. also hoping to hit the AMEX crack pipe, but i'll forgo the in:nyc BT. somebody talk me out of it if i mention something to the contrary. i'm hoping to keep personal util below 30%.

one question...who and what, exactly, tracks business credit? is it a problem if i have 6 or 7 business card at 90%???

cardjuggler said:lhendricks92 said:if i'm interpreting the reallocation thread correctly, people have reported no (few?) problems with moving professional CL to another business card.
That's what I recall too, but here's a recent data point: can move CL Personal-to-Prof but not back; cannot move Prof-to-Bus or Bus-to-Prof. As always, YMMV with a different rep, etc.

How about moving Personal-Business?

USAA received my $22,500 "payment" from BofA. I called to transfer the credit balance to my savings account and was told they have a new policy. I'm not sure what the exact parameters are, but they put a 7 business day hold on the payment. I can call tomorrow to do the transfer.

Advanta - Requested a check sent to USAA savings. They will actually mail the check. How old school.

Updated OP with BT Plans.

lhendricks92 said: one question...who and what, exactly, tracks business credit? is it a problem if i have 6 or 7 business card at 90%???

I'm wondering this myself?

A few more udpates...

AMEX - Received my SimplyCash card in the mail. CL of $25K, but they lowered my FreedomPass CL from $25K to $500. No big deal. I'll probably move about $15K over to in:nyc. The SimplyCash card might actually find its way into my wallet. 5% Cash Back on gas, wireless phone, and office supplies, 1% on everything else. Automatically credited each month. PLUS it's 0% on purchases for a year. Still waiting on Biz Starwood.

Barclays - They denied my Nat'l Parks app. I expected this, so I called the credit department directly (look in the credit card issuer faq), spoke to human immediately, and I was able to reallocate $23.5K from my useless SeaMiles card to the now magically approved Nat'l Parks. SeaMiles is left with $500. Should get BT checks with the card.

BofA - Finally got a CSR to agree to reverse the bogus BT fee on my biz card. Hasn't shown up online yet.

M&T Bank - Requested a BT on their website. For the address and account number, I used USAA's deposits address and my savings account #. I know they will send a physical check, so we'll see if this works.

Started making initial purchases for the occasional bonus here and there (I really want that $25 ESPN store GC!! ). Added as many accounts as possible to yodlee and my Fidelity billpay card. Need to request changes to statement closing dates. I try to make all cards close at the end of the month for simplicity (and to extend some 0% offers).

Today's updates:

Nat City Biz - $13,500 to Fidelity Visa. this is my billpay card, so it happens to have a substantial balance at the moment. saves me having from having to make a cash payment this month.

Principal - no go on CLI, even after offering to provide financial docs. requested $7500 BT to wife's Citi card with a big BT balance. that card still has 5 months left on no fee 0% BTs, so i'll just request another BT from citi when Principal's check clears. welcome to BT laundering.

updated BT plans in OT.

lhendricks92 said:Lot of news today...and it's mostly good.

citi - both business card were approved for $7500 each. seems kinda low, but i'll try for CLIs at activation. given citi's latest reallocation policies, i'm not sure my strategy here. I might consolidate the 6 month old professional into the business premier pass, and then do BTs on both business cards. if i could reallocate at will, i would do something fancier, like move most of the CL to the premier pass and BT. then, in 11 months, reallocate to the business MC and BT. any other ideas?

chase - the personal Marriott was denied - too many new accounts. i'm going to try for a CLI at activation for the Sony Visa to make up for this loss of potential CL. one fewer account is fine by me.

infibank - approved, 15k

M&T Bank - Business Card approved, 25k, SWEETNESS! and CSR confirmed they can ACH a BT to my checking account as soon as i activate the card.

Merrick Hooters - approved, $18,750. excellent, no BT opp here, just improving util.

National City - personal Visa approved for $10,000. immediately requested a BT to my AMEX Fidelity gold card. i've done this before and the credit balance will automatically sweep into my Fidelity brokerage account when the gold card statement closes.

National City Visa Business - approved, initially for $9k, asked for more, was offered $15k.

PenFed Rewards Visa - approved, initially for $12k, asked for more, was offered $20k.

All and all, I'm quite pleased so far. I've already accumulated over $200K in new credit, and I'm still waiting to hear about 5 apps.


How did these banks notify you?

MikeR397 said:Wow! That is a great second AoR. Congrats.
Seriously. It looks like the calls for CLI's afterwards really helped. I can only hope for this much on my second in November. I will be watching this thread closely for the lenders' reactions to such high Business BT balances.