OK, I'm in. After many delays, I finally quit waiting for the perfect Tuesday morning to AOR, so I did it on a Friday afternoon (7/20) I started during business hours, but wound up finishing after (probably 4-7 pm). I wanted to take things moderately, so I didn't apply for thousands of cards. I also didn't request a BT with any of the applications. I wanted to see how things shook out. I stuck to all personal cards this time because I haven't really squared the business cards with no business legality. I'm pretty sure nothing would ever come of it even if it weren't kosher. But I also figure that, since I'm putting my toe in the water this time, I can stick to personal lines to get in the door with most issuers.
HHI is $140k
Pre-AOR (after CLI and time to report) --------------- BoA UGA Platinum MC - $48k limit - 0% util - established in 1997 Chase BP Visa - $11.5k limit - 15% util (everyday spender) - established in 2001
AOR ---------------- AMEX In Chicago - instant approval (Exp) - $16.9k - 0% for 6 months, no fee - (I immediately increased the CL to $24.5k) HSBC Platinum MC with Cash Back - instant approval (Exp) - $600 - 0% for 12 months, $99 fee Barclays National Park Foundation Visa - instant approval (TU) - $10k - 0% for 12 months, $50 fee Barclays USAirways World MC - instant approval (TU) - $12.5k - 0% for 6 months, $100 fee (I need a $10k BT to get 10k miles, so I won't consolidate with the NPF Visa, although maybe I should) Wamu/Providian ESPN Total Access Visa - instant approval (TU) - $2k - 0% for 6 months, no fee Citi Professional card w/ TY Network - instant approval (Eq) - $15k - 0% for 12 months, no fee (I tried to apply for another Citi card right after this one, but it wouldn't let me. I think it was a web site snafu rather than intentional) Cap One No Hassle Miles Rewards - instant approval (all 3) - $30k - 14% BT APR, but no fee - I got it for BT laundering Discover Miles - deferred approval (Exp) - $20k - 0% for 12 months, $75 fee - 12k miles with a monthly purchase - (the rep called to verify info and offered a $25k CL if I would fax documentation for income, but I passed) BoA Platinum Plus MC - deferred approval (Exp) - $5k - 0% for 12 months, no fee (I reallocated $47k from the UGA card above to make this a $52k card. Then I BT'd $25,480 (49%) direct to my checking.) Chase Platinum MC - deferred approval (Eq) - $6k - 0% for 12 months, $75 fee Principal Visa - deferred approval (Eq) - $15k - 0% for 12 months, $75 fee National City Visa - deferred approval (TU) - $12.5k - 0% for 6 months, no fee
Pre-AOR CL - $59.5k New CL - $153.1k Total CL - $212.6k
Now, a week later, all the apps have pulled credit, but I haven't received all the cards in the mail. Should I wait until I get all my cards/decisions to start my BT/reallocation plans? Or should I BT as I receive the cards? Nevermind, I figured these guys probably won't pull another CR, so I'm moving forward when I get the cards. TIA
thank you for speaking on behalf of the entire FWF community.
OP, can you tell us more about your HHI, age of your existing lines, etc.? any reason why you didn't want to apply for more cards? seems like you're missing some low hanging fruit. and where are the biz cards???
OP, from what I have seen, it looks like you've got a lot more potential here than what you are taking advantage of. For citi alone, you can have 5 cards at once! (two personal, the professional, two business). Here are two references of high goals you can shoot for: example 1 and example 2
Of course, you don't have to do any more. However, you've come this far, and you are indeed a member of FWF, so I can only assume you like free money
MikeR397 said:OP, from what I have seen, it looks like you've got a lot more potential here than what you are taking advantage of. For citi alone, you can have 5 cards at once! (two personal, the professional, two business). Here are two references of high goals you can shoot for: example 1 and example 2
Of course, you don't have to do any more. However, you've come this far, and you are indeed a member of FWF, so I can only assume you like free money
O ya, and...
BUSINESS CARDS, BUSINESS CARDS, BUSINESS CARDS, BUSINESS CARDS, BUSINESS CARDSThis is my first AOR, so my main goal was to get my feet wet and get a presence with all the major issuers for future reallocation/consolidation. Assuming I don't crash and burn here, my second AOR, and my wife's AOR is where I'll go whole hog for a drawer full of cards and millions in limits.
Sorry, but I'm a look six times before you kind of half-assed leap kind of guy. Have patience.
barefool said:MikeR397 said:OP, from what I have seen, it looks like you've got a lot more potential here than what you are taking advantage of. For citi alone, you can have 5 cards at once! (two personal, the professional, two business). Here are two references of high goals you can shoot for: example 1 and example 2
Of course, you don't have to do any more. However, you've come this far, and you are indeed a member of FWF, so I can only assume you like free money
O ya, and...
BUSINESS CARDS, BUSINESS CARDS, BUSINESS CARDS, BUSINESS CARDS, BUSINESS CARDSThis is my first AOR, so my main goal was to get my feet wet and get a presence with all the major issuers for future reallocation/consolidation. Assuming I don't crash and burn here, my second AOR, and my wife's AOR is where I'll go whole hog for a drawer full of cards and millions in limits.
Sorry, but I'm a look six times before you kind of half-assed leap kind of guy. Have patience.Haha, no problem. Just giving you a headsup in case you were interested. Good luck with what you have already done.
barefool said:This is my first AOR, so my main goal was to get my feet wet and get a presence with all the major issuers for future reallocation/consolidation. Assuming I don't crash and burn here, my second AOR, and my wife's AOR is where I'll go whole hog for a drawer full of cards and millions in limits.
Sorry, but I'm a look six times before you kind of half-assed leap kind of guy. Have patience.
Same here, my 1st AOR last year was just a test drive, only 5 personal cards. After I'm more confortable with it, I did a larger AOR for my fiancee. I'm about to launch my 2nd AOR, which will have 20ish business cards and 20ish personal cards.
lebice said:Same here, my 1st AOR last year was just a test drive, only 5 personal cards. After I'm more confortable with it, I did a larger AOR for my fiancee. I'm about to launch my 2nd AOR, which will have 20ish business cards and 20ish personal cards.
that's EXACTLY what i did. used my credit as the first AOR punching bag, then improved my tactics on the wife-o-rama. good luck, OP. keep us posted on your results.
oh yeah, and don't forget to tell us your vitals (HHI and age of lines).
lol, that is EXACTLY OPPOSITE of what I did. I went from one primary 5.5k limit card to 20 cards and 134k of total credit in one week. Only wish that one primary card had a higher limit, then I could be sitting on top of 200+k of personal credit lines
barefool said:MikeR397 said:OP, from what I have seen, it looks like you've got a lot more potential here than what you are taking advantage of. For citi alone, you can have 5 cards at once! (two personal, the professional, two business). Here are two references of high goals you can shoot for: example 1 and example 2
Of course, you don't have to do any more. However, you've come this far, and you are indeed a member of FWF, so I can only assume you like free money
O ya, and...
BUSINESS CARDS, BUSINESS CARDS, BUSINESS CARDS, BUSINESS CARDS, BUSINESS CARDSThis is my first AOR, so my main goal was to get my feet wet and get a presence with all the major issuers for future reallocation/consolidation. Assuming I don't crash and burn here, my second AOR, and my wife's AOR is where I'll go whole hog for a drawer full of cards and millions in limits.
Sorry, but I'm a look six times before you kind of half-assed leap kind of guy. Have patience.
looking to get my first AOR going and have a general question for the experienced FW members. Got a 0% promotional offer from BOA for the max credit line of 35k so i was looking to follow some advice posted here and have the money deposited directly to my account then push it into my HSBC savings at 5%. What is not clear to me here are the benefits of this exercise. The way i see it , i am making 5% on 35 k but still required to make monthly payments to BOA on the 35k balance at 0% . Please advise
Seeing all the tactics FWF members are using: start with own AOR to learn, then launch a wife-o-rama, I am very tempted to start new threads with titles such as these:
- "Acquiring multiple wifes (husbands) legally - how? Tips and techniques appreciated", - "Need data-points from spousal AOR to do an ROI analysis of acquiring multiple spouses", - etc.
ChumChurum said:Seeing all the tactics FWF members are using: start with own AOR to learn, then launch a wife-o-rama, I am very tempted to start new threads with titles such as these:
- "Acquiring multiple wifes (husbands) legally - how? Tips and techniques appreciated", - "Need data-points from spousal AOR to do an ROI analysis of acquiring multiple spouses", - etc.
J/K
Or you could take it up a notch and do the MikeR397-style fam-o-rama. What's the ROI on adopting 16 year old kids for AOR purposes? There's still a little time before the FICO models change to ignore AU status.
lhendricks92 said:ChumChurum said:Seeing all the tactics FWF members are using: start with own AOR to learn, then launch a wife-o-rama, I am very tempted to start new threads with titles such as these:
- "Acquiring multiple wifes (husbands) legally - how? Tips and techniques appreciated", - "Need data-points from spousal AOR to do an ROI analysis of acquiring multiple spouses", - etc.
J/K
Or you could take it up a notch and do the MikeR397-style fam-o-rama. What's the ROI on adopting 16 year old kids for AOR purposes? There's still a little time before the FICO models change to ignore AU status.I'm really quite disappointed my parents stopped at only 2 kids. Can you imagine the potential that this family has?
minchanin said:looking to get my first AOR going and have a general question for the experienced FW members. Got a 0% promotional offer from BOA for the max credit line of 35k so i was looking to follow some advice posted here and have the money deposited directly to my account then push it into my HSBC savings at 5%. What is not clear to me here are the benefits of this exercise. The way i see it , i am making 5% on 35 k but still required to make monthly payments to BOA on the 35k balance at 0% . Please adviseYou can use thier own money to pay them the monthly payments. Therefore, only your principal that is earning interest is slightly reduced. Example:
35k in 5% (approximately, i know about compounding interest and how APY incorporates it) savings in month one: $145.83 in interest earned.
After month one, pay them 1k monthly payment from this balance, so now your current balance is (35,000 + 145.83 - 1000 = 34,145.73)
Month 2 interest: 142.27 interest earned.
Get the picture? You pay them back with thier own money, not yours (unless you have the income to do so).
ChumChurum said:- "Need data-points from spousal AOR to do an ROI analysis of acquiring multiple J/K
dude... NEED data points is MY thread title...LOL!
on topic... OP, not bad for a first AOR.. 12 is bout what I did the first time... 20 the 2nd.... and this time (I have just below 800 score), I am going for 30 or so...
All I need is 3 or four to break the 250K mark.... and I am thinking it will be closer to 400K when done!
EDITED, because SPLINT gets in the way of typing correctly!
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