Just wondering. I have about 50 credit cards. If I did AOR, would I get another 20-30 or more?

Since you have such a detailed report, I was hoping that you could answer a question for me.

Did you get any existing cards to give you any BT deals or were all BT deals on new cards?

I am getting ready to do some BTs, but was not sure if I should bother calling my CC companies or just go with new apps.

Thanks

Hey thisguy, did USAA balk any at giving your wife a third credit card, and reallocating credit between them?

You know, your wife managed to get some really eye-popping initial credit lines. Of course, she had all of the ingredients 1) high reported HHI 2) good scores, and 3) individual cards with high lines already. But dayumn.

... Getting approved for a $30k BofA card when you already have 50k of credit
... Getting the ridiculous $50k AMEX Biz Starwood.
... Getting the $25k Citi Hilton when you have a $28k card carrying a balance.

jfharper said:thisguy said:
Our goal is to get more 0% money to replace the money we’ve had to pay back as the previous offers expired and pick up some bonuses along the way where possible.

I am looking to launch this AOR as soon as the credit report shows the current balances with <50% utilization.

Thisguy

Hey thisguy,
I'm new to this, and planning my first AOR...I'm still reading all the threads.

I read the general rule is to keep overall CL utilization under 50%, are you keeping to this? Or are you using > 50% to make the most $ in interest, then just before the 0% offers expire, payoff the balances, but just to under 50%, then use the new CL's to payoff the rest of the expiring balances?

I hope that makes sense.

We have typically gone much higher on util in the past and then paid down or off completely before a new AOR, but we have had some touchy moments before with line reductions or card cancellations *in particular Chase hass pulled this a number of times). In all cases we were able to show sufficient liquid assets to have accounts and limits re-instatedd but it demonstrated to me that we were walking a tightrope. This time I will try to keep all under 70% and most under 50% unless they are business cards in which case we will milk them for all they are worth. I will try to give some feedback on whether or not this is more successful, but in the long run I think it will be.

markkundinger said:Hey thisguy, did USAA balk any at giving your wife a third credit card, and reallocating credit between them?

You know, your wife managed to get some really eye-popping initial credit lines. Of course, she had all of the ingredients 1) high reported HHI 2) good scores, and 3) individual cards with high lines already. But dayumn.

... Getting approved for a $30k BofA card when you already have 50k of credit
... Getting the ridiculous $50k AMEX Biz Starwood.
... Getting the $25k Citi Hilton when you have a $28k card carrying a balance.

No problem with USAA. In fact they even honored the targetted offer after its expiration. We were conservative in how we moved the credit though. After they approved the new AMEX for $25000 we had 25 each on AMEX and MC and anotherr MC with 34. I moved equally from the two MC cards to get 60 on AMEX and did a 30K BT request. This way it didn't sound like we were milking anything. leave good cushions all around and the banks are less likely to get concerned. As far as the limits I couldn't be more pleased. We also just called Nat City about the $9K line the issued on the business card we got and they upped it instantly to $35K over the phone. I have a lot more updates to make but I am traveling all this week and next for business so just managing all of this stuff is challenging. I will get to the updates as soon as possible but wanted to answer your questions first. Thanks for all your help and support.

Thisguy

What did you say to NatCity Biz to get the $35K line???

One other question: I find my Wife-O-Ramas to be a little challenging because she barely tolerates my credit card investing shenanigans. It's hard to get her to make phone calls, so I try to minimize them. Lately, I've been telling her to just verify her identity and say my husband will be taking it from here.

Do you have any other suggestions or strategies?

I just posted over in another AOR thread how I almost have my wife convinced to let me do one in her name. That is my biggest problem...that she doesn't want to talk to any customer service reps. If she has to do this it could be the deal breaker. So you have not had any problems with her just authorizing you to speak on her behalf when you are on the phone with the CC reps? That makes me feel alot better if that is true.

I did pretty good during my first AOR (posted in Stats thread) and she has much better credit and bigger existing lines than I had when I did mine. I am in the planning stages for my AOR 2.0 right now. I am just going to mirror most of the apps I do in mine except I will obviously use her large lines to our advantage when I can.

lhendricks92 said:What did you say to NatCity Biz to get the $35K line???

One other question: I find my Wife-O-Ramas to be a little challenging because she barely tolerates my credit card investing shenanigans. It's hard to get her to make phone calls, so I try to minimize them. Lately, I've been telling her to just verify her identity and say my husband will be taking it from here.

Do you have any other suggestions or strategies?
I've been doing just that, saying I'm calling on someone else's behalf, then having them authorize it for a minute, then I take over. The other thing I'm starting on doing more is asking questions online via thier internal message center/email. This works particularly well with AMEX, they are very speedy at responses and have solved all my issues.

chocula said:Are you going to list your returns and how much you make doing this?

Yep. I will as soon as it levels off and final numbers are in. I am hopin to get back over 300K 0% invested. This wass my previous highpoint. I am alsos hoping, though it may be unrealistic, that by raising available lines and leveraging a smallerr portion of them I can keep my invested 0% balances high while still consuming only a small portion of available creddit. The question though is how many offers can I get on existing lines. I imagine there will come a point where the numberr of cars and size of lines per issuer won't allow us to get any new cards. That means I need to get good offers on existing lines. Just keep checking in and when all of the BTs are complete I will post the results.

The next phase will be to repeat with my creddentials and push things even farther. That's part-2. . .

More updates. . .mo money, mo money, mo money.

Bank Atlantic Business came through with a big $40K line and our Kroger and Chase Marriott Business cards came through. More updates as I sort and process.

Stay tuned. . . we're almost to 1/2 a Mil in one AOR.

Thisguy