djspray said: Got a few cards today. Advanta, ESPN, and both AMEX's are in. BT'd $9,000 from Advanta to checking ($90 fee). $13,000 from BofA is showing in FNBO today, that makes me happy. Received Penfed materials today, sending back in tomorrow, but still no notification about online notes about "Financial Verification". I reallocated my AMEX's to give me $43,400 available for 6 mo. BT on IN:Chicago. If I remember right, they recently changed the rules regarding their BT checks, and they are all (no matter who's name it's in) counted as Cash Advances, or atleast that's the CSR convinced me of. I'm trying to devise a way to BT to one of my cards to utilize it. Suggestions? I'll let you know what I come up with.
You need to launder. The PenFed would be great for that. Take a no-fee cash advance and pay it off with a BT from AMEX. You could also use a no-fee BT card (e.g., Citi Biz or US Bank). Just make sure you create the balance FIRST and then request the BT. Seems like everyone (even Citi) is getting twitchier about negative card balances.
Thanks for the tip, lhendricks. I guess I don't have to worry about my negative balance BT from Lifespring now that it go declined, lol. Penfed still hasn't called me about income verification, so I'll prolly be proactive today to get this squared away before the weekend. I hope that works out, as it seems like the best option for a possible $20,000 BT from AMX.
Received Barclay's cards, Key Bank, IN:Chicago, and a few others on Saturday. Also received a Kohl's card with a CL of $1,500 after they said they declined me in store. Recieved Discover and CitiBus PP today. Denial for 5/3 Business card - excessive inquiries, new lines, insufficient time of relationship (I assume with bank, lol), etc. Upon activating and hearing that woman's wonderful voice, I realized the Key Bank card is a division of Citi. I know I read that somewhere, but I almost wish I hadn't applied if I could have reallocated more to my Citi cards. Reallocated $3,000 from National Park to Bank Atlantic, which is now $10k. I'll prolly take almost all of that out once I get some BT checks. Got Lasalle Bank(for $200 bonus) on Sat., and SBoT info today which was much quicker than I expected. I will try to make it to notary today to get that app moving. Realistically, it looks like I might top out at ~$125k BT money if I can get the Penfed issue squared away(for $20k AMEX BT), which I emailed them about today.
djspray said: Reallocated $3,000 from National Park to Bank Atlantic, which is now $10k. I'll prolly take almost all of that out once I get some BT checks. You wont get any BT checks from Bank Atlantic; it has to be an actual BT, and directly to a credit card at that. No other options have been found.
Long break, progress stalled somewhat. BT'd $6,300 from USBank (no fee) to BofA Iowa last Wednesday, and will request ACH to checking once it appears. Chase Business Rewards app was still pending last Wed., who knows what they are still doing. The Chase AMA card I converted too has 0%, 12m BT, $75 fee offer, too, and I just got checks over the weekend, so the Chase BT will happen no matter what. Started some reallocations on Citi personal cards to start moving to business, should have $5k to move while keeping reasonable CL's on personal side.
Penfed is becoming a pain. Penfed wanted last two paystubs, which I sent .pdf's last week. Now they changed their notes to "still require income verification noted 'additional income.'" This additional income is my two housemates making the same income as myself. I actually have 3 right now, but one is leaving soon and didn't want to push it. I don't want to bring them into this, even though they are following my progress. I'm thinking of sending an email saying that it is the income of my two housemates which are the same salary, and can give contact info, but would rather not send them actual paystubs. Thoughts?
lhendricks92
Senior Member - 1K
posted: Nov. 26, 2007 @ 9:44a
djspray said: Penfed is becoming a pain. Penfed wanted last two paystubs, which I sent .pdf's last week. Now they changed their notes to "still require income verification noted 'additional income.'" This additional income is my two housemates making the same income as myself. I actually have 3 right now, but one is leaving soon and didn't want to push it. I don't want to bring them into this, even though they are following my progress. I'm thinking of sending an email saying that it is the income of my two housemates which are the same salary, and can give contact info, but would rather not send them actual paystubs. Thoughts?
I would just be honest about the roommates' contributions to HHI. Do you have any significant assets (like BT proceeds) you could show them? I was able to get my app approved by providing bank/brokerage statements without showing income docs. Of course, this was back in June before the credit crunch sh*t hit the proverbial fan.
I could send them my Bank Accounts showing BT proceeds and some my IRA that I started a couple years ago. I'll just give them what I have, and worse case scenario they approve me for a lower CL.
-Penfed said that if I wanted to consider them household income, I would have to have them as a "co-applicant on the loan." I said I wasn't aware their credit cards were treated as a loan, and I offered further financials. They are proceeding with the app without considering the additional income.
-Called Chase last night, and they just approved my Business Rebate card for $5,000. Phew.
-Citi can't reallocate any CL of Plat. AMEX, as it is considered NPSL. Put request for additional $3k of personal CL from Diam. Pref. to CitiBus PP. She said it should be possible.
-BT form US Bank originated 11/21, but still hasn't shown up in BofA Iowa. I might have messed up here, as many recently many are saying negative balances on BofA cards is bad, while others say it has worked out OK. I called last night to warn them but it wasn't showing yet, only a $1 Temp Auth for "Cardmember Service." As soon as it appears, I will be talking to them.
-Oh, and GE Money Bank card has been showing up on my EX for about a week with $4,500 CL. Who knows where the card is, and they claim that I wasn't in their system when I called last week.
lhendricks92
Senior Member - 1K
posted: Nov. 27, 2007 @ 9:38a
you could probably convert the citi AMEX card to something with a reportable (and reallocate-able) limit. it's a pretty sweet rewards card, though. you might actually want to use it to (gasp!) buy something.
btw, did you ever find out why nat city declined your lifesprings app? any chance at reconsideration?
I'm definately keeping the Citi Plat AMEX. Gotta hit $300 with G/G/DS for 15k TYP, then as soon as my 5 TYP/$ promotion runs out on my Diam Pref in Jan., it will be my daily spender. I never thought I'd find a better card than my Fidelity 2%.
Lifespring declined because of excessive inquiries and new accounts. They obviously pulled late in the day, so I wouldn't put this one far up your list. When I called last week, they didn't want to discuss reconsidering.
lhendricks92
Senior Member - 1K
posted: Nov. 27, 2007 @ 9:51a
i'm strongly considering Eugene's semi-rolling A0R technique to guarantee app order. If this is important, I don't see much downside to spacing your A0R over a week or 2.
win333
Senior Member - 2K
posted: Nov. 27, 2007 @ 10:14a
djspray said: - -BT form US Bank originated 11/21, but still hasn't shown up in BofA Iowa. I might have messed up here, as many recently many are saying negative balances on BofA cards is bad, while others say it has worked out OK. I called last night to warn them but it wasn't showing yet, only a $1 Temp Auth for "Cardmember Service." As soon as it appears, I will be talking to them.
I wonder if the problem with a negative balance is just most people don't wait long enough to request a check? FNBO and others don't even give you access to funds after a payment until something like a week after!!!!
It seems they are nervous that the payment may be no good, So I think it's better to wait until the neg balance has time to clear TOTALY.
I would not talk to BofA until ATLEAST 1 week after neg balance hits!!!
The $6,300 negative balance from BT just showed up today in BofA. I'm considering one of two approaches since I probably shouldn't have gotten myself here in the first place.
1) Transfer online to BofA checking account, then hope that they don't assess cash advance fee, then call if they do to see about having it removed. Then transfer out to FNBO via ACH 2) Call and say I made mistake by sending to wrong BofA card (NEA has BT already out) and see if they can just transfer to checking.
The second requires human contact, but it seems from following this thread that they may be watching online transactions anyway.
win333
Senior Member - 2K
posted: Nov. 28, 2007 @ 11:58a
If you call now it's gonna be a problem, this is what thiefs do.
make a payment, then run card up again before bad payment is figured out!!
Semi-roll works - and group the apps by the bank, too - some banks pull fewer than the number of apps you have. Do be mindful that some cards may take a week or two to get approved (Discover Biz took 2 weeks,for example - but pulled TU). Citi reports new accounts very quickly, so may get those apps toward the end of the AOR. From what I see, score takes a pounding not so much from extra inquiries, but with second new account showing up on a CRA report. I wouldn't space it over more than a week or two though - as the new accounts are bound to start showing up by then. And one would want to reallocate clis and have BTs in place before freaking he issuers with new accounts
lhendricks92 said: i'm strongly considering Eugene's semi-rolling A0R technique to guarantee app order. If this is important, I don't see much downside to spacing your A0R over a week or 2.
Hey, I was wondering if the AMEX deal still has 25,000 points. I read the fineprint as reccomended but I only saw 5,000 bonus points (and more with major purchases)..... Are there any amx cards still giving the 25k or did this end in the last few weeks? THANKS
babaamit said: Hey, I was wondering if the AMEX deal still has 25,000 points. I read the fineprint as reccomended but I only saw 5,000 bonus points (and more with major purchases)..... Are there any amx cards still giving the 25k or did this end in the last few weeks? THANKS babaamit, See my post here. The front page and terms at the top of the app page don't mention the 25k points, but the terms link (here) still say 25k points after first purchase, no minimum. I also have a screen shot.
-Went to transfer $6,300 negative balance from BofA Iowa to BofA MyAccess checking today and got this message: "We were unable to complete this transaction due to a problem with the status of one of your accounts. For further assistance, please call the customer service phone number located on your account statement or your ATM/Check card." Ruh roh. I might have to call now. Maybe I should have tried it yesterday.
-Finally got GE Money card yesterday with $4,500 limit. With $75 fee, I'll only make <$165 on the BT. I might just leave it open to keep my personal utilization low, just as I'm doing with my Key Bank card. I'm definately feeling the credit crunch with these low CL's. I've tried for CLI's upon activating, but all want to pull credit again or say not eligible for 6 months.
EDIT: -Oh, and the Pers -> Biz Citi reallocation hadn't showed up after 2 attempts, so I requested a $9k No-fee BT check on CitiBiz PP two days ago. The extra $3k just showed today, so I might call and take another $3k no-fee BT.
-Penfed finally declined me, stating not enough HHI for requested amount. That was a waste of $5 in their account. I'm going to have to figure out another way to get my AMEX BT out.
-$6300 negative balance on BofA Iowa is still there, and I can't transfer it. I figure I'll wait until my statement closes, then see if I can transfer. They haven't contacted me about it.
-Requested another $3k check from CitiBiz PP.
-Called Chase (after hours) about moving $24.5k from Freedom to Business Rebate again. He said it should go through no problem, and even promoted the idea of investing it. My favorite line was "I'm probably just the gray-haired guy that you hate to listen to about financial advice..." I wish I got more CSRs like him. I'll be thrilled if this $42k BT for $75 fee goes through.
win333
Senior Member - 2K
posted: Dec. 3, 2007 @ 8:42a
I called BofA and after pushing apropriate # to speak to a CSR, 1 of the options was (do you want a refund of a credit balance)
my credit was only 7 bucks, but maybe it'll be automated. I still think after 7 days you'll be alright and there will be no doubt that it has cleared. So no need to investigate or anything like that.
-My Chase reallocation went through! $43,000 available on Business Rebate. I will be sending the check out to SBoT shortly. I'll probably stay with them for a month or so since they initially waive the required purchases.
-Still searching for balance refund option on phone system, but it might not be an option for all cards/accounts.
-Looks like I might be starting a FR with AMEX. Just got letter yesterday saying there is "a very important matter to discuss." Two letters, one for each of my business cards, and they aren't "suspended" as others have seen. They currently only have $1000 CL's, as I reallocated everything to my IN:Chicago card (but haven't taken a BT yet). Called and my account manager won't be in for another 5 hours. Honestly, I'm inclined to close the Blue Cash Business right away, I don't need it anymore. The Bus Gold Rewards was just for the 25k points and TD.com bonus, and I might just tell her if it's going to be an issue, I'll just go ahead an close it, too.
markkundinger
Senior Member - 2K
posted: Dec. 4, 2007 @ 9:16p
yep, that's how my amazingly soft F/R started. They just confirmed some data, asked me to confirm my income over the phone, and then sent me on my merry way.
-I've left 2 messages with "Ms. Williams" about my F/R, and haven't had a call returned. My cards aren't suspended, but I'm thinking about calling to complain about their CSRs never returning calls. They take customer service pretty seriously, so they might just go ahead and dismiss my case. I tried to call and cancel my old Blue Cash for business, but it kept transferring me to F/R dept. and asking for my extension. Thoughts?
-I got my $9k Citi BT check yesterday, and I expect my $3k one today. I'll be sending those (hopefully tomorrow) in with a $42k check from Chase Business Rebate to SBoT.
Now to figure out how to get money out of AMEX and Bank Atlantic. Anyone experience on BT'ing to check card with Juniper? I'm going to check the "summary" thread.
fatwallet5150
Member
posted: Dec. 7, 2007 @ 2:40a
Regarding Bank Atlantic, I tried getting a BT credited to my CU checking account via my Visa debit card. The CSR said they would mail a check instead of transferring it electronically.
Big mistake.
Request put in on 11/5, the account charged on 11/6, and nobody knows where the check is. Hasn't been received by my credit union, and BA doesn't have any tracking number or way to find out if the delivery made it. They haven't confirmed whether the check has been cashed, either.
I called my CU, and the only deposit for the whole institution matching the BT amount occured 3-4 days before my BT request. Otherwise, they haven't seen it.
I've put in 2 requests to research the issue (once last week and once 2 days ago), but haven't seen nor heard anything from them. Meanwhile, I had to make a payment greater than my non-BT balance last weekend in order to avoid a late.
In short, its been a clusterf**k, and its primarily my fault!
So be sure to specify a card or other account that will actually receive the check or can be electronically submitted to. I'm sure MikeR397's thread has some tips that I obviously overlooked....
Might be time for Planet Feedback just to light a fire and get the issue resolved so I can try the BT again....
markkundinger
Senior Member - 2K
posted: Dec. 7, 2007 @ 6:54a
With Barclay/BankAtlantic/Juniper I recommend just biting the bullet and BT'ing to another card. Either a citibank card you can get a credit balance refund on, or a card you can do no-fee deposits into a bank account from.
-Ms. Williams from AMEXfinally got back to me this morning, and was very apologetic about some "system issues." She just confirmed my employment information, address, length of employment, phone, email, etc. Phew, that wasn't anything to worry about. Guess that's over for now.
-Sent $12k in checks from CitiBiz PP and $42,500k from Chase Biz cards to SBoT.
-Will probably BT $9.5k from Bank Atlantic to Citi Diamond tonight.
-Haven't been shutdown from TrueCredit yet (using NC and PM123), and I've already bumped down to only 5 TU inqs.
-Negative balance on BofA Iowa still, statement just closed and I haven't been contacted yet. Still can't transfer online, and can't get refund phone prompt (probably due to large amount) - guess I'm going to have to call.
-Somewhere between reallocating $3k of National Parks to Bank Atlantic($7,000) and being told I was denied for a CLI by Bank Atlantic on 11/19, my CL ended up being $15k. Who knows. BT'd $14.5k to check card, against the advice above. Feel free to let the "I told you so's" flow if this goes bad. It was indicated to me that the balance would be transfered electronically, and I plan to watch the progress like a hawk. I also was unsure as to how Citi would treat a $14.5k negative balance on a $4k card. If it does go sour, at least it will be another data point.
-Very disheartened to see SBoT changing to 5.01% APY. As soon as I receive my debit card from them for online access (hopefully showing my 12k from Citi and 42k from Chase), I will probably transfer the funds out to FNBO. I thought it was too good to be true.
-BT'd $9k from Discover Biz Miles to Chase Check card. I forgot to make small purchases for the two Miles cards in November, so I guess I lost 2,000 miles. No biggie. I'm sure 24,000 miles will still net me something nice.
mhesidence
Dismembered Member
posted: Dec. 14, 2007 @ 9:11a
djspray said: Feel free to let the "I told you so's" flow if this goes bad.
-Tried to clear up utilization numbers, which hadn't been updated in QS for a while (thanks Economist). If there is anything else that is unclear in my post or QS, let me know.
-I'm convinced that NC and PM123 are only bumping one inq at a time now, whereas it was doing double damage for sure at first. I haven't been blocked either. Interesting.
win333
Senior Member - 2K
posted: Dec. 14, 2007 @ 11:00a
I'm sure on my Equifax that pm123 doesn't bump extra when used with TU or chase. But on TU they all count as a soft.
Why wouldn't you just make your small purchases now!!!!! so what if you pay 50% interest on 2.00?????
djspray said: -Very disheartened to see SBoT changing to 5.01% APY. As soon as I receive my debit card from them for online access (hopefully showing my 12k from Citi and 42k from Chase), I will probably transfer the funds out to FNBO. I thought it was too good to be true.
Why not E*TRADE? Same 5.05% APY, but: 1) faster transfers 2) larger number of accounts to link with
win333 said: Why wouldn't you just make your small purchases now!!!!! so what if you pay 50% interest on 2.00????? I did. I made small donations to my favorite blog for Discover cards, Chase Sony and Citi PP. Bought some Starbucks with AMEX Biz Gold.
E-trade sounds a bit better, I'll think about opening one. At one time, I had 8-9 savings accounts, so I've been trying to cut back. Down to just Fido MMA, FNBO, E-LOAN, Chase and Lasalle (for bonus).
lefty331
Member
posted: Dec. 14, 2007 @ 7:43p
Regarding where to stash AOR cash, I just bought a 6 month and 3 month CD at Countrywide. They raised their rates to 5.5% today, while everyone else is dropping. I'm also keeping some more "liquid" at Etrade and Fidelity, just in case. So my average yield is almost 5.4%.
https://bank.countrywide.com/CWBRates.aspx
I've enjoyed your thread! Now back to lurk mode ....
markkundinger
Senior Member - 2K
posted: Dec. 15, 2007 @ 2:33a
I'm glad you had a namby-pamby F/R.
Also, Countrywide could be a good choice, but I recommend staying under FDIC insurance limits.
Ok, ok. You guys sold me on Countrywide. I'll probably open Savingslink(5.3%, $10k min) and a 6m 5.5% CD once I do some math to figure out how much I can lock away. A few things have to happen before then, though: my oustanding BT's (Citi, Chase, Bank Atlantic) have to post to accounts. I also need my SBoT debit card to get online access so I can finish linking to FNBO to withdraw the funds. I'm impatient sometimes, and timing on getting this money out is driving me nuts. Well, it'll only make me stronger, right
Edit: Oh, and Bank Atlantic immediately recognized the Check Card as a no-go. They declined the BT that afternoon, after which I submitted another (same amount) to Citi Diamond Preferred (non-0%-for-life).
fatwallet5150
Member
posted: Dec. 17, 2007 @ 6:41p
Regarding Bank Atlantic, you're fortunate..... I'm still in limbo. I've had to go the Bank Customer Service route as well as the Project Feedback route. No resolution yet, and its been 42 days thus far...
Unlike Citi, which, from what I understand, doesn't charge a BT to your account until the its cashed/clears, Bank Atlantic charged my card right off the bat, and won't release it, and customer service won't do anything about it except submit research requests that never get researched....
-$9.5k BT from Discover Biz to Chase Checking posted 12/17, showed up online today.
-$14.5k BT from Bank Atlantic to Citi Diamond still "Pending."
-TU inq's all bumped today. Hopefully I can get to EQ before PM123 and/or NC shuts me down.
-Got 15,000 TYP on 1st statement from CitiBiz PP, and will hit $300 purchases on Citi Plat AMEX this month for another 15k. I've been clearing out my TYP in student loan rebates and depositing them as quickly as possible in case Citi tries anything adverse. I've been cleaning up with my 5 TYP/$ Diam. Pref. since September, netting ~$475. They probably can't wait till it expires 1/15.
Just spoke with a nice BofA CSR about refunding my $6,300 negative balance on Iowa card. It didn't seem like a big deal at all to her, and she said she could either send me a check, or could transfer to another BofA card. I asked about transfer to checking, but she said it would be considered a BT and would be subject to BT fee, rates, etc. I don't think that's correct since it's a negative balance, but I didn't want to press the issue and get a manager involved. I was just happy to be presented with the option of a check. Now I just hope I evade adverse reaction from the people actually writing the check...
win333
Senior Member - 2K
posted: Dec. 19, 2007 @ 1:21p
djspray said: Just spoke with a nice BofA CSR about refunding my $6,300 negative balance on Iowa card. It didn't seem like a big deal at all to her, and she said she could either send me a check, or could transfer to another BofA card. I asked about transfer to checking, but she said it would be considered a BT and would be subject to BT fee, rates, etc. I don't think that's correct since it's a negative balance, but I didn't want to press the issue and get a manager involved. I was just happy to be presented with the option of a check. Now I just hope I evade adverse reaction from the people actually writing the check...
Did you ask if you could BT the neg balance and the credit line? that way you could just pay what ever the capped fee was. I did call BofA biz last night and since I have a -11.00 balance it asked me again if I was calling about the neg balance.
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