All seemed ok so I just decided what the heck go for it. I am tired of typing the same info over and over so I gave up in applying after the following list
The goal of this AOR, like many, is to get 0% money. There is a few business cards added just for the bonus GC/cash/miles.
Current Cards Opened CL Balance Utilization AMEX Blue 2003 $16K $0 0% CLI to 31K the day after AOR BoA (Rewards) 2006 $9K $0 0% *HSBC (DirectRewards) 2006 $25K $638 2.5% Citi Dividends World Card 2003 $8.9K $0 0% CLI to 15K the day after AOR *Citi Professional TY 2006 $15K $1400 9.3% CLI to 30K the day after AOR *BOA FIA CSNA (Fidelity Rewards) 2005 $34.6K $7900 22% increased to 36.4K without request Discover 2000 $10K $0 0% CLI to 12.5K the day after AOR Total $118,500 $9.9K 8% After CLI $158.9K * are everyday cards that are paid off every month
Other Debts Mortgage 1 House $~150K of $189K original balance opened in 2003 Mortgage 2 HELOC 30K limit 0 balance opened in 2006
Deferred means no instant approval. I am disapointed on the fact that I did not get more instant approvals. It did not appear to be any reason why some were deferred and some were approved, the citi professional card was the last card and got the highest balance. All of the apps were done online (aside from USbank).
Credit Scores (TU(inquiries:BT Reported) / EXP(inquiries:BT Reported) / EQ(inquiries:BT Reported)) : 778(1) / 792(3) / 790(4) (8/16/07) Pre AOR 757(3) / 780(9) / 764(18) (9/20/07) 760(2:5K) / 780(9:5K) / 764(18:5K) (9/27/07) bumpage on TU has started 760(2:5K) / 734(9:30K) / 764(18:5K) (9/29/07) 720(2:30K) / 734(9:30K) / 769(16:5K) (10/1/07) TU bumpage stopped started on Equifax 720(2:30K) / 734(9:30K) / 772(14:5K) (10/2/07) bumpage up to the AOR hard pulls I expect to see a delay in bumpage. 720(2:30K) / 734(9:30K) / 772(14:5K) (10/3/07) like I expected 2 pulls no bumps. I expect the TU bumps to start shortly 720(2:55K) / 736(9:30K) / 720(14:55K) (10/4/07) The chase priority club reports as an installment account (no limit) 720(2:55K) / 724(9:91K) / 720(14:55K) (10/5/07) 722(1:55K) / 718(9:158K) / 720(14:55K) (10/6/07) One More TU bump and one more to go 704(0:158K) / 718(9:173K) / 710(13:158K) (10/12/07) EQ bumpage started again, TU Done 698(0:173K) / 717(9:173K) / 728(6:173K) (10/15/07) Yeah, hit the 600's on TU 698(0:173K) / 717(9:173K) / 734(4:173K) (10/16/07) All EQ INQ left are after AOR and will probably take a few more days 698(0:173K) / 699(9:173K) / 719(2:173K) (10/19/07) Note my mortgage was being transferred and just reappeared on EX and EQ which explains the hit. 698(0:173K) / 699(9:173K) / 724(0:173K) (10/25/07) Yeah!!! Done bumping!! Now I can cancel TrueCredit and save 11.21/mo 726(0:160K) / 711(9:160K) / 741(0:160K) (3/10/08) Paid and cancelled the priority club card 710(0:160K) / 713(9:160K) / 740(0:160K) (6/23/08)
Current Cards After AOR Reallocations and CLI's AMEX Blue 31K BoA (Rewards) .5K *HSBC (DirectRewards) 25K Citi Diamond Preferred Card 15K ** after the transfer of the CL they “forgot” to take the 10K off CLR an additional 12.5K *Citi Professional TY 10K *BOA FIA CSNA (Fidelity Rewards) 17.3K Discover 7.5K WAMU 5K ** AOR unused card Total 97.9K
Personal Cards citi drivers edge Approved $7.5K CLI to 10K -- BT'd 9.9K citi att platinum Deferred Approved $7.5K – CLR to Professional Card and closed BOA Platinum Deferred Approved After all CLR 38.5K -- BT'd 38.4K US Bank Deferred Approved 10K -- BT'd 9.9K NEA BOA Deferred Approved 5K CLR to Above Card and closed Juniper Barclays Deferred Approved 5K -- BT'd 4.9K chase Sony Deferred MIA chase priority club Approved 25K -- BT'd 24.9K (3/1/08 - CLR'd to business card and closed) Discover Open Road Deferred Approved 10K limit CLR 5K -- BT'd 14.9K Citi Professional Approved 20K After all CLR's 70K-- BT'd 69.9K Baylor Visa® Platinum Card Approved 15K -- BT'd 14.9K Baylor Visa® Platinum Rewards Card, Deferred – Denied Assumed Chase United 21.5k miles Targeted Deferred MIA American Express Gold Rewards Card Approved no limit WAMU approved 5K WAMU ESPN card Declined – too many apps Kroger 1 2 3 Deferred Denied too many inquiries citi home rebate platinum Deferred Denied - maxed out new card requests Discover Miles Denied Pending app for above
Business Cards Bank Atlantic Juniper Deferred Approved 20K -- BT'd 19.75K Advanta Platinum Business w/ Rewards Approved 10K -- BT'd 9.9K Citi Business Rewards Deferred Approved 7.5K -- BT'd 7.45K American Express : Business Gold Rewards Approved no limit (closed 3/1/08) National City Visa Business Deferred Approved 23K -- BT'd 22.95K (paid 3/4/08) Chase Business Deferred Approved 10K -- BT'd 9.975K -> (3/108 CLR ->35K took additional BT 25.9K) Advanta Platinum Business 12 months $50 Declined only one card allowed
Total new Personal CL: 105K Total Personal CL for BT: 188.5K Total new Business CL: 70.5K
The fruits of my labor currently sitting at 3.55% (after rates fell and CD's expired: 6 Month 0% money: $47.85K (3/6/08 - All paid back) 6 Month (by CLR) 0% money: $25.9K 12 month 0% money: $170.250K 15 month 0% money: $39.350K BT Fees paid: -$400 Estimated Interest (including bt fees) tax free after 12 months: $7200 Estimated Interest (including bt fees) tax free after 15 months: $7500
American Express points: 50K Cash Back: $20 Chase Priority Club: 30K Citi TYP: 0K (Citi screwed me on the 15K! They have no record and after the month and a half of run around, I give up) Drivers Edge Milage bonus 20K TYP
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The Citi Professional isn't a business card, its actually a personal card/reported on your personal credit report. There is a CitiBusiness card w/ no fee, 12 month no fee 0% BT, and 15k TY points, see my AOR for the link. You didn't apply for the Baylor University card (again see my AOR), gives big limits but you have to launder thru a citi card. You didn't do the national city visa personal which has a 6 month no fee 0% BT and will mail a BT check, and you didn't do any WAMU cards.
Squeezer99 said:The Citi Professional isn't a business card, its actually a personal card/reported on your personal credit report. There is a CitiBusiness card w/ no fee, 12 month no fee 0% BT, and 15k TY points, see my AOR for the link. You didn't apply for the Baylor University card (again see my AOR), gives big limits but you have to launder thru a citi card. You didn't do the national city visa personal which has a 6 month no fee 0% BT and will mail a BT check, and you didn't do any WAMU cards.
Traditional WaMu cards approval are terrible to deal with. First, they do hate to see any TU pull. Scond, they are subprime lenders, so a year ago I asserted that if you add to the then-active application for card that you frequently make cash advances, you'll get a higher likelyhood of approval/higher CL.
dmlavigne1 said: Which baylor card did you do? They all seem to be a BT $5.00 min and no max?!?!?!? I also tried the additional Wamu card and was instantly declined!
Just added Baylor Visa® Platinum Card, got 15K Whee thats like finding 15K. Wonder if I should try another Baylor card? So all you did was wait for the Citi cards to arrive then BT the baylor money to Citi (thus forming a credit) then writing a check for the credit + the BT money?
dmlavigne1 said:Just added Baylor Visa® Platinum Card, got 15K Whee thats like finding 15K. Wonder if I should try another Baylor card? So all you did was wait for the Citi cards to arrive then BT the baylor money to Citi (thus forming a credit) then writing a check for the credit + the BT money?
thats correct, BT the baylor card to a citi personal card and then you can request a credit limit refund or BT check to be mailed to you online at citicards.com after you log in under maintenance requests. about a week and a half after i got my citi drivers edge card, AT&T universal, and my citi professional cards, citi mailed me some blank BT checks tho, so you could use one of those instead of using the online options.
Thanks Squeezer for the help and linkage. I applied for another Baylor card and was deferred (probably soon to be rejected) I guess I just have to sit aand wait until the cards finalize (and I get to watch my credit scores drop )
treasurebeacon said:why do people keep posting as if the entire FW needs to know of their AOR
Since this is a DISCUSSION board, they post the TOPIC to start a DISCUSSION, which is a sharing of knowledge, opinion, and EXPERIENCE.
Try it, you might like it!
*PS, not the entire FW, only those on FWF... a caring, thoughtful community of people that like to DISCUSS financial TOPICS!*
Back on Topic:
OP, good luck. BTW, NICE HHI!!! are you including relatives in that (other than spouse?). if not, good job for your age!
Don't sweat the scores, they MAY plummet nearly 100 points by the time you are done... recovery is about 6 months (actually, it should increase slightly, because of higher limits)!
Also, don't sweat the deferreds... I did my first time, and my first AOR was a mini... I quit after a couple of deferreds, and ended up getting approvals later! I left a lot of apps unused, and a lot of money on the table... I learned after my first, and am prepping for my third as I type! If I don't chicken out, I will do Lots of biz apps, and will proably end up somewhere around double my current TOTAL CL!
Technologist said: OP, good luck. BTW, NICE HHI!!! are you including relatives in that (other than spouse?). if not, good job for your age! Good LUCK!
Nope, just the spouse. Key is to find a spouse that is as motivated as you and ALWAYS keep looking for better opportunities. We no longer live in an employment from cradle to grave world. If you are good at your profession, someone will pay for your services. Ohh yeah, and pick professions that are maximum minimum (ie, maximum (or relative maximum) salary for minimum schooling) read engineering degrees (obviously I do not have to spell alot or write alot ). They won't earn you CEO or corporate lawyer money but you come out of school employable and can easily advance with little or no debt.
So I thought after all of this why not ask for a CLI on my current professional card. I mean I have already had 15+ hard pulls whats one more. I asked for 15K which I thought was reaching and I got an additional 15K. Of that line 20K will be transfered over to the new professional card for a 0% offer.
I just called Citi again for a CLI on my old Dividend rewards card (now the world dividend mastercard or whatever) and asked for 20K we'll see what happens. I feel like a smuck now becuase I had another rewards card that I cancelled when they changed the Cash Back terms and had a 15K limit on it. The CSR asked if I wanted to transfer the limit to the other card and like a smuck I said "naw, why would I ever need more than 8900 for my gas and grocery card" I was such a moron!!!
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