Glitch99 said:Go for reallocation with the Chase Biz cards. I just did this, very simple with no questions asked. Move $9k from one to the other, then write out the welcome check included with the card for $18500.

yep, chase biz reallocations are a snap. congrats on the BofA CLIs!

bogalusa said:[glitch99 said:But if you can show the related assets, any limit decrease should easily be restored.
Do you mean financial assets strictly? Hmmm...could be a problem, except maybe for retirement assets.For example, a few months ago BofA sent a letter saying they were cutting my CL from $25k to $20k (I had a $19k BT outstanding). I called up and asked why, they said my outstanding revolving balances were too high. I told them I had $30k+ in a HYSA (actually my Corp's, so lucky they didnt want docs) to pay off the balances which were all at 0%, and wanted the extra $5k restored for a 'cushion' but had no plans of using it. They restored the line immediately. FYI - at the time I was showing ~$36k on my credit report with a $65k stated income, overall utilization was roughly 50%.

I only ment that you are approaching a level where they might start to worry, but you should be able to easily reassure them with a legit explination. I wouldnt be concerned at your current level, but only push it further if you are prepared for some consequences. Everyone tends to focus on utilization percentages, but the balance/income ratio can be a big factor as well.

PS - where was that link to the Baylor pdf file? The account I just opened says 3% with no cap, but I may also try to work out a no-fee BT like you seem to have.

bogalusa said:glitch99 said:PS - where was that link to the Baylor pdf file? The account I just opened says 3% with no cap, but I may also try to work out a no-fee BT like you seem to have.
At this link, Devildoc mentions this PDF (screen shot, I think).
The USBank offer I used expired 9/30/07.

bogalusa said:devildoc said:The USBank offer I used expired 9/30/07.
Right. Now even though (according to the csr) my offer had the same terms (maybe even sweeter terms), glitch99 might do well to make reference to the expired offer -- just as I did -- when he calls.

Good luck, glitch99.

As mentioned I did not do this by phone. I believe the link I used was this one.Well, I sent an email via thier website, simply saying that when I found the card there was a no-fee BT offer and that is what prompted me to apply, but they changed the terms sometime in between.

Today I get a response saying to get a %0/12mth no-fee BT to use promo code XXXXX when making the BT request (I dont want to give the actual code until my request processes, in case it is limited/account-specific. But it may be possible for anyone to get their own no-fee offer code if they ask). The email even gave very specific instructions on how to make the request online; the request page has a field to enter the promo code.

Not quite what had been discussed here, but thanks for prompting me to ask.

Updates-

USBank Baylor - Called to verify that my card gets 0% BT w/ NO BT fee. True. Glitch, hope you get at least as good a deal and CL ($15K) as I did.

Discover Open Road - Reason for denial was that my existing Discover More card is less than 10 months old. It's now on the calendar for April or next round, whichever makes more sense. Thanks again, glitch.

Discover Biz - Got the card yesterday, but CL only $4.5K!!! After activating, I called to question that, and they said they saw my Discover More card w/ $10.5K CL and so $4.5K was their intended CL.

When More card is 6 mos. old in early Dec., I plan to request CLI (as they told me today). Then reallocate a chunk of it to Discover Biz and BT somewhere. BT expires in May 2009.

T&C says $99 BT fee cap, will have to check my app, as I thought it was capped at $75.

Thanks, glitch99, for pushing me on that (despite the outcome).

bogalusa said:Discover Biz - Got the card yesterday, but CL only $4.5K!!! After activating, I called to question that, and they said they saw my Discover More card w/ $10.5K CL and so $4.5K was their intended CL.

Discover is stingy, but at least you can reallocate from personal.

Am I in the danger zone wrt personal util?

All figures are for personal util. They are approximate and from my own records, not what's currently reported by CRAs:

Pre-AOR lines:----17% (12.6k / 73.3k)
AOR lines:----------46% (46.8k / 102.0k)
Combined lines:--34% (59.4k / 175.3k)

Lines of concern - I have done 3 BTs on personal CLs: BOA $20k to checking acct, Natl City $13.5k check mailed to me, USBank $13.3k to HELOC. On these 3 lines, I am at 89% / 90% / 89% util, respectively.

I am concerned that:
a) doing any more BTs on personal CLs will invite trouble, and
b) more important, what I have done to date with these 3 lines is bad enough in that lenders will report to CRAs at different times (e.g., HELOC won't report until early Dec., giving lenders plenty of time to do softs, not like what they see and decide to close lines, etc.).

I have some personal BT opptys unused as yet, but was thinking of them as helping util more than anything. But if necessary, I could probably use them to bring all personal lines to max 50% util.

I have some biz BTs to take care of, so even if I did no more BTs w/ personal lines, I will be pleased with the AOR. Just want to stay out of trouble. Thanks

You are starting to push it, not really from a utilization perspective but from an actual balance perspective - $59k in unsecured debt against $108k income. As said previously, you are risking adverse action but most likely the 'inconvenience' kind; things that aggrivate but do no substantial harm. You could push a bit higher if you want, but be prepared to fight the consequences - but if you have the assets (the BT cash in your HYSA) to support the debt, you should be able get through it relatively unscathed.

Bump. With luck, I'll post some summary results before long...