When I submitted the BankAtlantic Biz card App.... (the one I got instant approved for 25k)... I tried a 15k BT to my Citi MC. Well this was before I was approved for 25k... and low and behold the 15k is now sitting in my Citi account as a credit balance.

I submitted the request to get a check for this balance. Should I submit another BT from this card for say $9500 and pay another $75 fee? If I would have known they would have approved me for 25k... I would have submitted a higher BT number. Duh!

DjPiLL said:r0man said:DjPiLL said:Then I'll try to get the ProfessionalSM card reallocated to the Business card then do BT. Or should I go the other way around (Business to ProfessionalSM?).
Reallocating from Professional to Business is better because the ensuing balance won't show up on your credit report and won't damage your credit score.


Good point. Forgot about that. I knew there was a good reason why you always go from personal to business.
I agree with r0man's sentiment about trying to get more balances off your credit report by using the CitiBusiness card over the Prof, but one thing you might consider is taking a BT on the Prof card for the first 11 months or so, paying it back and then reallocating to the CitiBusiness line. You might get line increases on the Prof over the course of the year and then be able to reallocate the Prof and more unused CL from the Diamond to the CitiBusiness. The offer on the CitiBusiness should be available for one year after you opened the account, but there's always a risk that it might "disappear." It's also easier to reallocate from personal to business and sometimes impossible to go in the opposite direction (with Citi).

You might follow r0man's advice with regard to the extra CL on the Bank Atlantic/Juni-Barclays card. If you haven't done a BT yet on the Juni-Barclays National Parks line, you might be able to reallocate or consolidate the line to the Bank Atlantic and then do another big BT: $17.5k on the Nat Park + $10k unused on the Bank Atlantic would give you $27.5k to play with. Provided that Juni-Barclays lets you do one BT, you would only pay $75 for the BT (vs. $75 on the unused Bank Atlantic + $50 on the Nat Parks = $125), you'd get an extra 3 months on the whole thing (15 months vs. 12), plus keep it all off you credit report.

I am seeing another Bank Of America account on my latest TC report with a 5,000 limit. This might be the BoA platinum plus mastercard.

I guess the strategy I should take with BoA is to try to reallocate all three personal cards (12,000 NEA, 9,500 BankAmericard, 5,000 PlatinumPlus) and move all of these balances to the NEA card and do one big BT right?

Is it worth reallocating all of these to the BoA business card? The biz card BT is 0 fee... but for only 9 months. Think its worth it to take three less months to get these balances off my credit report? I really don't care of my credit scores tank at this point... I already have a mortgage and a car. Besides the scores will go back up once balances are paid off anyways right?

r0man said:Citi is the only credit balance friendly issuer that I'm aware of among the big banks. Definitely DO NOT try this with BoA.

Thanks for the warning. I am going to do a search on this. I should probably call Chase and ask them if I can get a 16 digit account number to link to my HELOC (which is a 12 digit account).

DjPiLL said:I am seeing another Bank Of America account on my latest TC report with a 5,000 limit. This might be the BoA platinum plus mastercard.

I guess the strategy I should take with BoA is to try to reallocate all three personal cards (12,000 NEA, 9,500 BankAmericard, 5,000 PlatinumPlus) and move all of these balances to the NEA card and do one big BT right?

Is it worth reallocating all of these to the BoA business card? The biz card BT is 0 fee... but for only 9 months. Think its worth it to take three less months to get these balances off my credit report? I really don't care of my credit scores tank at this point... I already have a mortgage and a car. Besides the scores will go back up once balances are paid off anyways right?

BOA Biz card has a 3% uncapped fee for BT. The BOA Platinum plus will be a better card to consolidate since it has 0% offer and no BT fee (NEA IIRC has $30 BT fee). The BOA Platinum plus card is a good card to channel other BT into as long as you don't end up with negative balance.

DjPiLL said:r0man said:Citi is the only credit balance friendly issuer that I'm aware of among the big banks. Definitely DO NOT try this with BoA.


Thanks for the warning. I am going to do a search on this. I should probably call Chase and ask them if I can get a 16 digit account number to link to my HELOC (which is a 12 digit account).

FWIW, I've done the following with BA 0% $0 fee card:
Reallocated 2 cards into a 36K CL
BT'ed out $32K to checking
BT'ed in $20K from Bank Atlantic 0% card (leaving a $12K balance)
BT'ed out antoher $20K to checking (back up to $32K balance)
BT'ed in another $8K from US Bank 0% card (down to $24K balance)

All seems fine. I did this last month.

The wife wants to do a Wife-O-Rama now. LOL

Life is good. Now I have to start planning her AOR. Any advice I should follow for a Wife-O-Rama? All of our accounts are separate/individual. The only thing we share is the mortgage. Even our car loans are separate.

None !
I tried all tricks with Advanta, didn't get a buck in CLI (I was approved for 7.5K with a FICO of 780+ and requsted 2.5K increase). Yes, I submitted my tax returns, paystubbs but underwrites declined. Reasons : (1) insufficient number of years in business (2) insufficient history with Advanta.

Wrote a strong letter to their underwriting dept even and got no reply.

Advanta Sucks !
Advanta Sucks !
Advanta Sucks !

I just signed my wife up for the 29.99 Privacy 1-2-3. Her scores are 774/763/761.... pefect for the Wife-O-Rama.

She loves to brag her scores are better than mine.

Got more mail today:

National City Business sent me a letter saying my card was declined because they could not verify the business address. Oh well... i'll cross that card off the Wife-O-Rama.

I got all three Bank Of America personal cards as well as my Visa check card for the BoA checking account ($100 bonus) I opened. The CSR activated all three cards and was more than happy to reallocate everything into the NEA card putting that card at a 25,500 limit and the other two (Platinum Plus & BankAmericard) at $500 each. Did BT over the phone to my Citi checking account for 22,500. Very nice. Promotion good till Sept 23rd, 2008.

Advanta sent me a letter saying my card was approved (didn't say what limit was on the letter) but I already called them and got the limit which was 10,000.