Thanks to all the FWF AOR gurus. I read the finance forum and learnt about AOR. After reading and reading and reading, I feel that there are still more to read and learn, and I am not sure if I am ready. Anyhow, I am eager to launch my first AOR. I am at the preparation stage right now.
Purposes:
- Air mile bonus
- 0% BT offers
- Get more CL to consolidate and re-allocate into those CCs with 0% BT offers
Existing Credit Cards:
Personal
Chase United Mileage Visa $8,000, 1 year (08/2006)
Chase Platinum Visa $8,500, 8 years (05/1999)
Chase Buy.com Visa $17,000, 1 year (04/2006)
Chase Rewards Mastercard $5,000, 3 years (10/2003)
[AMEX Starwood Preferred Guest (AU) $10,000]
AMEX Hilton HHonors Platinum $15,000, 6 years (07/2001)
Citi AA Mastercard $20,400, 1 year (09/2005)
Citi Dividend Mastercard $6,800, 2 years (02/2005)
Discover Card $15,500, 8 years (06/1999)
Patelco Gold Visa $25,000, 9 years (04/1998)
Target Visa $7,000, 2 years (05/2005)
Macy Visa $6,000, 2 years (08/2005)
Total Personal CL: $134,200
Business
Chase Business Visa $16,500
AMEX Business Blue $15,000
Capital One Miles Business Visa $7,000
Advanta Business Mastercard $7,500
Total Business CL: $46,000
Total CL: $180,200
All credit cards have very low or no utilization. No BT with any of them currently.
No mortgage (mortgage ended when house sold in Dec 2004), renting
myFICO: 807
Privacy Guard: EQ – 767, EP – 779, TU – 766
Credit Cards planning to apply:
Chase United Mileage Plus Signature Visa® Card, 25,000 UA miles with $250 purchase, 1st yr fee waived
Chase United Mileage Plus® Platinum Business Card, 25,000 UA miles with $250 purchase, 1st yr fee waived
Citi Business AA, 20,000 AA miles with $250 purchase, 1st yr fee waived
Citi PremierPass® Card - Elite, 25,000 TYP, 0% BT 15 months, no max BT fee, $75 annual fee waived for Citigold member
Citi® Business Card with ThankYou Network (Visa or Master Card), 15,000 TYP, 0% BT 12 months, no BT fee
Citi ProfessionalSM MasterCard, 15,000 TYP, 0% BT 12 months, no BT fee
Citi® Platinum American Express® Card, 15,000 TYP after $300 purchase, Free Airport VIP Lounge Access, 5xTYP on EDS
Citi AT&T Universal Rewards Card, 6,000 TYP, 0% BT 12 months, no BT fee
Citi® Dividend Platinum Select® MasterCard®, 0% BT 12 months, max BT fee $250
Citi® Diamond Preferred® Rewards American Express® Card, 6,000 TYP, 0% BT 12 months, no max BT fee
Citi Home Rebate Card, 0% BT 12 months, no BT fee
Citi Diamond (F3A3), 0% BT until 02/01/2008, no BT fee
Chase Sony, $100 credit, 0% BT 12 months, max BT fee $75
Chase Platinum Visa, 0% BT 12 months, max BT fee $75
Chase Business Cash Rewards, 0% BT 12 months, max BT fee $75
Chase Freedom(SM) Cash Visa® Card, 0% BT 6 months, max BT fee $75
AMEX IN: NYC, 0% BT 6 months, no BT fee
AMEX IN: CHICAGO, 0% BT 6 months, no BT fee
AMEX BUSINESS GOLD REWARDS CARD, 25,000 bonus points with 1st purchase, 1st yr fee waived
American Express SimplyCashSM Business Card, 0% purchase 12 months
AMEX Starwood Preferred Guest® Business Credit Card, 10,000 Starpoints with 1st purchase, 1st yr fee waived
AMEX Blue, 0% purchase 15 months
AMEX Platinum Business, 0% purchase 12 months
Discover Miles, 0% BT 12 months, max BT fee $75
Discover Miles Business, 0% BT 12 months, max BT fee $75
Advanta Business card with Rewards, 0% BT 15 months, max BT fee $50
Bank of America® Platinum Plus® MasterCard®, 0% BT 12 months, no BT fee
BoA Financial Rewards® Visa® Platinum Plus®, 0% BT 6 months, no BT fee
BoA NEA WorldPoints™ Platinum Plus® Visa® Card, 0% BT 12 months, max BT fee $30
BoA Money Return Visa Card, 0% BT 6 months, no BT fee
BoA FIA Elite Rewards® World MasterCard® Credit Card, 0% BT 12 months, no max BT fee
BoA Rewards American Express Card, $50 credit, 0% BT 12 months, no max BT fee
BoA Platinum Plus® Business Rewards MasterCard®, 0% BT 9 months, no max BT fee
HSBC Platinum Mastercard w/ Cash Back, 0% BT 12 months, max BT fee $99
Bank Atlantic Rewards Business Master Card, 0% BT 15 months, max BT fee $75
Juniper National Park Foundation Platinum Visa Card, 0% BT 12 months, max BT fee $50
Travelocity Rewards Mastercard (Barclays), up to 10,000 points, 0% BT 9 months, max BT fee $50, 1st yr fee waived
M&T Bank Business Platinum Rewards Card, 0% BT 6 months, no BT fee
National City Visa® Business, 0% BT 6 months, no BT fee
National City Elite Visa, 0% BT 6 months, no BT fee
Korger 1-2-3 Reward Mastercard, 0% BT 12 months, max BT fee $75
Pulaski Bank Gold Visa® Card, 0% BT 6 months, no BT fee
GM Business Card, 0% BT 12 months, max BT fee $75
GM Flexible Earnings Card (issued by HSBC Nevada), 0% BT 12 months, max BT fee $75
RBS Platinum™ MasterCard®, , 0% BT 10 months, max BT fee $60
First National Elite Visa, 0% BT 12 months, max BT fee $75
USAA Platinum Mastercard, credit balance friendly
Washington Mutual Business Platinum MasterCard®, 0% BT 12 months, max BT fee $75
Washington Mutual Platinum MasterCard®, 0% BT 12 months, max BT fee $75
Capital One® Visa® Business Platinum Credit Card, 0% BT 12 months, no BT fee
Fifth Third Bank Business MasterCard, 0% BT 12 months, no BT fee
EmigrantDirect Platinum MasterCard, 0% BT 6 months, max BT fee $50
Wachovia Visa Card, 0% BT 6 months, no BT fee
Baylor USBank Visa, 0% BT 6 months, no BT fee
Amazon.com Business Visa® Card, $30 Amazon credit after first purchase
Questions:
- Are there any other cards that I should add or remove? For example:
Are there any other good GM cards to apply?
PNC bank Visa card now only offers 4 billing cycles, and there is no max on BT fee?
- Are there still any perks going through cardoffers.com or cardselections.com? Should I bother to go through those or any other referral sites?
- Some people have reported a limit of 2 Citi applications per 60 days but it is YMMV. Is it 2 personal + 2 business applications, or 2 applications altogether? Does it hurt to try to apply more?
- Some people suggest moving the billing cycle towards the end of the month. Will it create two billing cycles in a month? E.g. if an original billing cycle ends on the 18th, if I request to move to the 30th, will the credit card company create another billing cycle from 19th – 30th?
- Any other advice or recommendations?
Here is the final list of Credit Cards that are applied, in the priority order:
RBS Platinum™ MasterCard®, 0% BT 10 months, max BT fee $60
Citi AT&T Universal Rewards Card, 6,000 TYP, 0% BT 12 months, no BT fee
Discover 0% For Life, apply over the phone, 0% BT 12 months, max BT fee $50, 2 purchase per month after 12 months
Chase United Mileage Plus® Platinum Business Card , 25,000 UA miles with $250 purchase, 1st yr fee waived
Chase United Mileage Plus Signature Visa® Card, 25,000 UA miles with $250 purchase, 1st yr fee waived
Chase Business Cash Rewards, 0% BT 12 months, max BT fee $75
Citi® Business Card with ThankYou Network (Visa or Master Card), 15,000 TYP, 0% BT 12 months, no BT fee
Citi ProfessionalSM MasterCard, 15,000 TYP, 0% BT 12 months, no BT fee
AMEX IN: NYC, 0% BT 6 months, no BT fee
AMEX BUSINESS GOLD REWARDS CARD, 25,000 bonus points with 1st purchase, 1st yr fee waived
Bank of America® Platinum Plus® MasterCard®, 0% BT 12 months, no BT fee
BoA Financial Rewards® Visa® Platinum Plus®, 0% BT 6 months, no BT fee
BoA Platinum Plus® Business Rewards MasterCard®, 0% BT 9 months, no max BT fee
Discover Miles Business, 0% BT 12 months, max BT fee $75
Bank Atlantic Rewards Business Master Card, 0% BT 15 months, max BT fee $75
Capital One® Visa® Business Platinum Credit Card, 0% BT 12 months, no BT fee
Fifth Third Bank Business MasterCard, 0% BT 12 months, no BT fee
Washington Mutual Business Platinum MasterCard®, 0% BT 12 months, max BT fee $75
Washington Mutual Platinum MasterCard®, 0% BT 12 months, max BT fee $75
National City Visa® Business, 0% BT 6 months, no BT fee
National City Elite Visa, 0% BT 6 months, no BT fee
Juniper National Park Foundation Platinum Visa Card, 0% BT 12 months, max BT fee $50
M&T Bank Business Platinum Rewards Card, 0% BT 6 months, no BT fee
Advanta Business card with Rewards, 0% BT 15 months, max BT fee $50
Korger 1-2-3 Reward Mastercard, 0% BT 12 months, max BT fee $75
Wachovia Visa Card, 0% BT 6 months, no BT fee
Citi PremierPass® Card - Elite, 25,000 TYP, 0% BT 15 months, no max BT fee, $75 annual fee waived for Citigold member
Citi Business AA, 20,000 AA miles with $250 purchase, 1st yr fee waived
Chase Sony, $100 credit, 0% BT 12 months, max BT fee $75
American Express SimplyCashSM Business Card, 0% purchase 12 months
BoA Rewards American Express Card, $50 credit, 0% BT 12 months, no max BT fee
Citi® Platinum American Express® Card, 15,000 TYP after $300 purchase, Free Airport VIP Lounge Access, 5xTYP on EDS
Baylor USBank Visa, 0% BT 6 months, no BT fee
HSBC Platinum Mastercard w/ Cash Back, 0% BT 12 months, max BT fee $99
Amazon.com Business Visa® Card, $30 Amazon credit after first purchase
Total:
16 business credit card applications.
19 personal credit card applications.