lhendricks92's AOR v2.0 and subsequent rolling thunder...

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.

djspray said: I will be watching this thread closely for the lenders' reactions to such high Business BT balances.

ummm, yeah, me too!

A couple of minor updates.

AMEX - Received my AMEX Starwood Biz card. $3k line, but I wasn't expecting much. I'll hit the crack CLI button in a month or so.

BofA - Still no evidence of my bt fee refund on the business refund. This is becoming a major headache. Tread carefully here, if you plan to add this card to your next AOR.

Updated OP.

kkerty89 said: lhendricks92 said: kkerty89 said: How did these banks notify you?

I was persistent in calling, which is time consuming, I must admit. I don't know how much that helped expedite things, but I was about to go on vacation the following week, and I wanted to have as much as possible set up before I left.

If you want to know about specific lenders, tell me which, and I'll see if I have any notes I can share.

thanks, I applied this approach and credited you in my thread,

Question on IN ChICAGO/NYC: I was reading T & C again and this one explicitly syasy 0% for 6 months blah blah on BT's submitted with this application...... Have you done anything with this card?
I have both the In Chicago/NYC. First i just applied for them (got CL's of 3.2 and 2.6k), then did CLI on crack online and got a 10.2 and 24.9 CLS. Then I wrote a 9k and a 23k BT check to my girlfriend (careful you write this to someone you trust) and had her deposit it, then write me a check for me to deposit in my own checking. This seemed the easiest/best option for me to get the money as you cannot write the checks to yourself except at a cash advance rate (and not direct deposit to checking). I would strongly recommend to not specify the the BT's at application and do the CLI online first so you can get a much larger CL. You can request the checks (just call in to get them mailed to you) and they are still 0%, no fee for 6 months as long as you do not write it to yourself.

lhendricks92 said: kkerty89-

to confirm MikeR397's account, i've seen several posts about AMEX in:xxx that echo his experience.

i'm probably not going to tempt the FR gods with an AMEX BT. it's not worth it to me. instead, i'm going to use the heck out of the SimplyCash biz card. nice CashBack program that auto-credits every month, and it's 0% for 12 months on purchases. i'll let the balance build. almost as good as a BT, and doesn't show on the personal report.

MikeR397 - hitting the AMEX crack AND launching a big BT seems to be a pretty strong AMEX FR trigger. I hope you come out OK.


thanks guys. I waded my way through a FR previously and dont really want to lose the 59K I have sitting on simplycash at 0% or the $1000 or so in blue cash rewards I'm due. I have no intent of hitting the pipe with a 15K line, but do want to reallocate everything unused and BT, just fearing ANOTHER FR because of it. I would really like a 75K line on personal credit, that would be great. ALSO, because of the no fee transfers, theoretically if you can get 6 transfer free checks, this can be treated like MBNA billpay in paying it off every month before close and starting over.

lhendricks92 said: kkerty89-

to confirm MikeR397's account, i've seen several posts about AMEX in:xxx that echo his experience.

i'm probably not going to tempt the FR gods with an AMEX BT. it's not worth it to me. instead, i'm going to use the heck out of the SimplyCash biz card. nice CashBack program that auto-credits every month, and it's 0% for 12 months on purchases. i'll let the balance build. almost as good as a BT, and doesn't show on the personal report.

MikeR397 - hitting the AMEX crack AND launching a big BT seems to be a pretty strong AMEX FR trigger. I hope you come out OK.
I am praying for luck to avoid an FR from AMEX, which I may need. (I do have two AU accounts over 3 years with them that have large limits from my dad, and we have used them both minimally so I should have a good history with AMEX, at least from an AU perspective). However, just an update on the AMEX check writing process, those that do it should be aware that the first check they write to a person (before AMEX has your signature on file, and if the check is large) will cause a phone call to verify before they honor the check. If you don't talk to them the day they call, they will deny your check and make you write another.

In my case, they called at 3:30pm, left a message demanding a call back by 4pm, which I didn't get the message till 7pm. So they cancelled the first check I wrote for 9k, which caused a $34 insufficient funds fee from a check my girlfriend wrote to me after it posted, and also a $10 return check fee (not to mention the check that was wrote to me for that amount didn't go through to my bank). I called them up, and told them to honor all my checks to her from now on, and they said fine and immediately approved the other 22k check I wrote to her. I've already rewrote the other 9k check to her for deposit and it went through fine the second time around now that they have my signature and request to honor it. As of now, the only real negative is the $44 in fees for the bounced check/girlfriends acct underage, but thier "anti fraud" policy certainly caused a headach. I'm praying to the credit card gods to avoid the FR and not doing any more CLI's with them (on 10.2k card) until well after I pay back the BT money in full.

hahaha, nice jon stewart reference!

didn't even try to reallocate BofA personal to biz - good call. let us know how that goes (along with the BT fee shenanigans.)

Chase - The CLI that I did not initiate was rejected. Great, I get a hard pull with no results, and all because I listened to someone from Chase who called me. I'll try not to make that mistake again.

M&T Bank - My online BT request to my savings account showed up at USAA today. Nice to workaround to the "We don't BT to checking" line the CSRs were giving me.

That was the last BT I was watching to make sure it found its proper home. Now it's time to make minimum payments and collect interest. Oh, and I guess I have the Bank Atlantic app still pending.

MikeR397 said: kkerty89 said: lhendricks92 said: kkerty89 said: How did these banks notify you?

I was persistent in calling, which is time consuming, I must admit. I don't know how much that helped expedite things, but I was about to go on vacation the following week, and I wanted to have as much as possible set up before I left.

If you want to know about specific lenders, tell me which, and I'll see if I have any notes I can share.

thanks, I applied this approach and credited you in my thread,

Question on IN ChICAGO/NYC: I was reading T & C again and this one explicitly syasy 0% for 6 months blah blah on BT's submitted with this application...... Have you done anything with this card?
I have both the In Chicago/NYC. First i just applied for them (got CL's of 3.2 and 2.6k), then did CLI on crack online and got a 10.2 and 24.9 CLS. Then I wrote a 9k and a 23k BT check to my girlfriend (careful you write this to someone you trust) and had her deposit it, then write me a check for me to deposit in my own checking. This seemed the easiest/best option for me to get the money as you cannot write the checks to yourself except at a cash advance rate (and not direct deposit to checking). I would strongly recommend to not specify the the BT's at application and do the CLI online first so you can get a much larger CL. You can request the checks (just call in to get them mailed to you) and they are still 0%, no fee for 6 months as long as you do not write it to yourself.

Does anyone know if this check can be written to your spouse? The last name will be the same, but the first name is obviously different.

lhendricks92 said: Citi - Decided to try to reallocate CL from Diamond AMEX to my Citi Biz PP card. Requested yesterday, but it hasn't appeared yet.
BTW, bumpage WORKS. I only have 2 TU AND 2 EQ inquiries showing. I've been pulling 3 times a day with TrueCredit, CreditSecure, and PrivacyMatters. Took less than a month, and now I'll cancel PM and TC.1)Reallocate from Personal to Biz with Citi? Prolly not going to work. What did the CSR tell you?
2)Nice with the Bumpage. That's definately my plan for my AOR 2.0 this fall - pay for about 2 months of each, bump before and after.

kkerty89 said: djspray said: 1)Reallocate from Personal to Biz with Citi? Prolly not going to work. What did the CSR tell you?

I did this successfully ~3-4 months ago.
Wow, I stand corrected. I've been shot down twice, and know it doesn't happen for many. Is it something particular to those two cards?