markkundinger said:Jelleve - My perverse hope with AMEX is to get FR'ed and survive. In fact, if I don't get FR'd, I know I'm doing something wrong. If they close my cards, I don't mind, since I don't use mine for anything.
My thoughts exactly about BT's with my "crack CLI'd" AMEX cards. It's not like they're giving any great BT offers anyway, and I sure as heck don't use them for purchases. They wouldn't shut us out forever.

Kiasuchick recently got F/R'd and cards locked(link)...but not before they allowed her 49k BT to be posted/deposited. Later they opened the cards again.

markkundinger said:#10 - Citibank PremierPass Elite (25k TYP, $75 annual fee) - insta-approved $12,000

#22 - Citibank Diamond Preferred Rewards (10 TYP, 12mo 0%, no fee) - deferred

I tried unsuccessfully a reallocation between these 2 cards about 5 months ago. This week I called again to request a reallocation and they told me that it would take 48 hours for my accounts to be updated with the new balances. Still waiting for that.

markkundinger said:Regarding AMEX, I'm not sure if I will be able to sweet-talk Amex into unfreezing a card so I can buy groceries like kiasuchick did, she's a smooth operator, and I'm kind of a donk

Hahaha... thanks! Everything is negotiable

Looks like a great AOR, Mark.. GOOD LUCK. I think you'll be fine with AMEX stating your 2006 tax return income. Hee, I'm jealous on the # of cards... but all in good time. Hope that they don't end capped fees within the next year.

If yoru that afraid of FR stagger your other BTs out a little and do the AMEX first so they wount show up, i dunno if u tracked the fr thread, but i just passed without anything on accual 26k income and 47k lines, I mean you should be pretty in the clear, although i had mass spending (35k on my HH since it opened 9 months ago)

What does one fill in for "legal business name" when they apply for a business account without a business? Do you just make something up or do you have a DBA license or something?

bronkrdr1 said:Stumbled on to this totally by accident. Have enjoyed reading it and trying to figure the acronyms. Think I've got it...except can't...for the life of me....figure out what AOR means? Please forgive my ignorance. Thanks.

App-O-Rama...see the thread stickied at the top of the page.

Mark I had a feeling you were planning for another. Great post with breakdowns and follow-ups as usual. I was also impressed to see how your pre-FAKO jumped back up. Mine never did fully recover from my app last year. Don't know why as I was obsessive with timely payments and had NO slips. Other than a selective card, I am on "time-out." LOL

Will keep checking here to see how you progress!

DavidScubadiver said:What does one fill in for "legal business name" when they apply for a business account without a business? Do you just make something up or do you have a DBA license or something?
David, I'm copying/pasting something I wrote awhile ago to summarize an answer to your question. Hope it helps:

If you do not have a business, and want to apply for business cards for 0% promos for personal use, just put Sole Propritership and your name as the business title, then use your SSN as the TIN. This is perfectly legal option (you can even ask the reps if you dont' believe me).

You are also the owner of a sole prop, so you have authorization to make transactions and get credit. As long as you have ever sold anything (ie books, electronics, especially anything online (eBay/Amazon) that could be verified) you are indeed a sole prop. There is not filing with the state need for a sole prop, and for tax purposes, your TIN is your SSN.

I DO NOT RECOMMEND using your day job randomly as the business name unless you are an authorized officer to make transactions on behalf of your buinsess. Regardless, you should not be using your day job business as a basis for your personal 0% money either way. This is fraud and could land you in serious trouble both with the credit card company and your job and the government.

To summarize:

Business type: Sole Prop.
Business name: Your exact name here
Tax Identification Number: Your social security number here.

**Do not lie about your revenue/business income if asked (never lie about anything). Be honest, it doesn't mean you will get rejected. It could just mean you are a startup to the credit company. I only had less than 1k revenue in eBay sales and managed to get almost 50k of total business credit through 6 different cards.

MikeR397 said:DavidScubadiver said:What does one fill in for "legal business name" when they apply for a business account without a business? Do you just make something up or do you have a DBA license or something?
David, I'm copying/pasting something I wrote awhile ago to summarize an answer to your question. Hope it helps:

If you do not have a business, and want to apply for business cards for 0% promos for personal use, just put Sole Propritership and your name as the business title, then use your SSN as the TIN. This is perfectly legal option (you can even ask the reps if you dont' believe me).

You are also the owner of a sole prop, so you have authorization to make transactions and get credit. As long as you have ever sold anything (ie books, electronics, especially anything online (eBay/Amazon) that could be verified) you are indeed a sole prop. There is not filing with the state need for a sole prop, and for tax purposes, your TIN is your SSN.

I DO NOT RECOMMEND using your day job randomly as the business name unless you are an authorized officer to make transactions on behalf of your buinsess. Regardless, you should not be using your day job business as a basis for your personal 0% money either way. This is fraud and could land you in serious trouble both with the credit card company and your job and the government.

To summarize:

Business type: Sole Prop.
Business name: Your exact name here
Tax Identification Number: Your social security number here.

**Do not lie about your revenue/business income if asked (never lie about anything). Be honest, it doesn't mean you will get rejected. It could just mean you are a startup to the credit company. I only had less than 1k revenue in eBay sales and managed to get almost 50k of total business credit through 6 different cards.

What about taxes? Anyone write off interest, expenses, etc? Put your AOR income as business income?
I've love to seem some details. I've never done business taxes before but I assume with TurboTax type programs it should be pretty easy if you plan on it from the start of the year.

Mark, great going! This is going to be a hell of thread, as you're subjecting yourself to experiences many others don't.

Great discussion on BT money from business cards. Could we talk a little bit about what might be wrong with the following arrangement:
1) business card is applied for and received. Business type = sole proprietorship, business name = applicant name, TIN = SSN, no paperwork is filed with the state or anybody as far as documenting/legally establishing the business.
2) BT to checking in may May 2007, and subsequent transfer to HYS account
3) applicant receives 1099-INT in Jan 2008 from the HYS bank and pays appropriate taxes (federal.state/etc.) on the PERSONAL tax return
4) business has produced no income, so IRS gets no paperwork on the business side of things (business card issuer sends nothing to IRS, right?)
5) BT is repaid completely in Apr 2008, taxes on the interest earned in 2008 are paid on the PERSONAL tax return filed in, say, Feb 2009.