Jackcrawfish Inaugural App-o-rama | Paid AOR Early | 2.0 Launch = Aug 18, 2008 Archived From: Finance |
July 29, I jumped in @ 4:30 am CDT. By 7 am I was finished (I added 2 business apps 5 days later). Thanks to markkundinger for his inspiring 1st and 2nd AORs (similar template follows): Goals:++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++Personal Info: ___TrueCredit FAKO scores:
(moved daily detail to separate post here)
Cards (Issuer, order of application, personal or business, status/line) DID NOT APPLY |
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Summary also located here FAKO's
pers old : na | na | na | 031,000 | 000,000 TOTAL>>: 34 | 25 | 09 | 290,700 | 183,090 How did I get the cash?......How long did it take? |
Your info looks very solid and you should have good results as long as you do your research first. If you have any questions you can't find, you can PM me if you wish. Good luck! |
OP, you should also post what cards you are applying for. Without any info, this thread seems more like a your financial FAQ than an AOR. |
Yeah, unless you're about to get a car loan or refi, your circumstance is appropriate for an AOR. Now tell us what the plan is and we can tell you what's wrong with it. |
AOR to commence in less than 2 weeks. I'll post my cards later tonight. I added a few to begin with... chime in on those if you like... |
I would go with 1 discovercard. |
From a 1st glance it does not look diversified enough. (Currently see 4 Citi, 4 Discover, 2 BOA, Chase, Pulaski.) You may not get much more from Citibank w/ your Citi 31K CL. And it appears that Citi doesn't like to realloc to 0% BT cards. I would try for Citi Home Rebate for 3 reasons 1) 6% rebate paid to mortgage in 1st year, 2) another BT transfer point (w/ easy online check request) 3) global utilization reduction. Too many Discovers. From other posts, they are stingy on # of cards and initial CL. And the big thing now are Business cards for longer 0% BT (up to 15 months) and to hide utilization. |
Thanks for the input. I do not have a business (I haven't even sold anything on e-bay) so I hesitate in applying for business/professional cards. |
jackcrawfish said:Thanks for the input. I do not have a business (I haven't even sold anything on e-bay) so I hesitate in applying for business/professional cards.Ok, I'm posting my standard response to the "I don't feel comfortable with business cards answer: 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, or mowed someone's lawn and gotten paid for it) you are indeed a sole prop. There is no filing with the state needed 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 with the credit card company and your job and the government. Also, just put $0 revenue and 0 years in business if this is the truth (There is no problem with getting credit for a start up company). I have done this with applications before and received 9 of 9 business credit card approvals with business credit lines totaling over 120k. They care more about your personal score/report than your business revenue. GO FOR IT! To summarize: Business type: Sole Prop. **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. |
Thanks to MikeR397 for his business card encouragement. Thanks also to thisguy for his MAJOR recent app-o-rama. I have learned much. As for diversifying, telflonmail, I'm adding some business cards and diversifying as well (see revised planned apps to enter next week). |
Re: That Capital One Business card link. You're not the first to note a 12 mo 0% BT offer from them, yet every link I follow (and search for) only shows 0% on purchases, BT is normal rate. May want to double-check that. |
You are correct. Thank you for catching the error. It's 12 months 0 % for PURCHASES... OP modified accordingly/ |
Just an FYI on the BofA Power Rewards biz card, some people are saying there's no fee on the BT, while others are saying it's the standard 3% uncapped. I did a chat with a BofA small biz "consultant" before applying and she said there was no BT fee (I know - can't always trust the reps). Wife was approved today for 20K - I'll update when we get the card and I can see the actual terms. |
I received 3 instant decisions so far. 10 minutes following AOR... my FAKO scores are now TU=766 EX=757 EQ=749. Inquiries mostly hit EQ... TU=3 EX=5 EQ=16 I'll update my OP soon. what fun..... |
I am interested in your business card application results. Even though I did my First AOR last may but now after seeing MikeR397 encouraging everyone to apply for business cards, I am really inclined to fire few business applications later this month. Though I have sold few items on CL and eBay over the time so I guess I am a legitimate Seller (Sole Prop.) |
The three instants you got were all good approvals (especially the all-important zero-fee BofA card). I wouldn't trip too much about there being only three of them, instants are the exception no the norm. Capone gave you an instant-denial? That's harsh. For a bank that pulls from all three credit bureaus, they shouldn't be so picky about too many inquiries. You applied for all three Discover cards at once? that might be a little too hardcore for them. But then again, guys like AMEX Chase and Citibank will approve some folks for 4 or 5. If you do get approved for multiple, I recommend consolidating into one giant card, both to reduce BT fees, and to (probably) reduce the negative impact on your credit scores. Also, good call on saving the HSBC/GM card as the very very last application. |
I added WAMU today via "apply today and then we'll tell you the offer". Since I had nothing with them I thought it worht the app. I noticed 2 inquiries from TU dropped off for today's bureau pull (hmmmm). Updates... updates... I need to know where the deferred apps stand. I'm going nuts in anticipation.... Perhaps I'll add a card from CAP1 today.... |
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misfire! 2¢ 
