mhesidence's AOR - phase 3 realloc and get the money

Goal $100K in 0% BT money, trying for business credit and a few personal cards.
HHI $140K
Sole Proprietor: $0 income, 0 years in business

Current Cards

Issuer/Name           CL        Balance
AM3X Blue         $35000             $0 
BoA Fidelity 529  $20000          $2034 
BoA Motely Fool   $30000             $0 
Chase Sony        $27000        $19,868 (should be $0 by next statement close 11/18)
Chase Cash Plus    $5000           $117
Chase Freedom      $4500           $312
Citi Diamond      $24500         $16895 (69% util, for life 0% BT)
Citi Dividend      $1500             $0
Citi PP            $2000             $0
Discover          $15000          $2761 (18% util, for life 0% BT)
Discover          $17000             $0 
DCU Visa          $15000             $0 
HSBC               $5000             $0
Providian          $7500             $0
------------------------
14 cards Total CL  $209K

1 business card
Advanta            $2500   Useless now that they have crappy Cash Back.

True Credit
FAKO scores/# of inq   TU    Ex    Eq
11/15                766/1 735/2 761/3           
11/18                760/1 735/2 763/2  <-- sure NOW it starts bumping inquires.
11/26                753/4 730/4 759/4
11/29                753/4 730/4 761/4  <-- 3 new account showing. TC fakos are so messed up.

Issuer/Name                          BT terms                 Notes
Discover Business                    0% 18 months/$75 max     Reallocate from Personal
Chase Business Rebate                0% 12 months/$75 max     Reallocate from personal
Chase Amazon Biz                                              Realloc to Chase Business card
BoA  NEA                             0% 12 months $30 max
Juniper - National Park Foundation   0% 12 months $50 max     Realloce to Bank Atlantic Business?
Juniper BankAtlantic Business        0% 15 months $75 max
National City/Life Spring business   0% 12 months no BT fee
AmexIn Chicago                       0%  6 months  no fee
RBS Platnium                         0% 10 months $60 max
Citi Home Rebate                     6% on Utilities          I'm going to actually use the card
Citi Business                        0% 12 months no fee      15K TY points
InfiBank/Principal Bank Low rate     0% 12 months $75 max     Infibank okay for AOR?

 Creditor Name   Date of Inquiry Credit Bureau 
 BANK OF AMERICA 11/26/2007      Experian 
 AMEX            11/26/2007      Experian 
 CBUSA/CBSD      11/26/2007      Equifax 
 CITI            11/26/2007      Equifax 
 RBS CC          11/26/2007      Equifax 
 BRCLYSBANKDE    11/26/2007      TransUnion 
 BRCLYSBANKDE    11/26/2007      TransUnion 
 DISCOVER        11/26/2007      TransUnion 

No Chase inquiry?

All the personal cards (5) were instantly approved, all biz cards (4) where deferred.

Disappointed with the biz cards, but with 0 years in business and 0 income it guess its to be expected.

12/12 ----------- Phase 3 ---- Reallocate and Get the money ----------

Reallocated AMEX on line IN:Chigago $20K is now $45K. No fee BT. BT'ed $20K to
BoA card that has Billpay choice. BoA card has nearly that much from paying off
chase card (see above) from previous AOR. Will probably do another $20k next billing
cycle.

Closed the Chase Sony card (it was my youngest chase card) and reallocated all $27K
to the Chase Biz card now at $37K. Deposited $35K directly into Fidelity account
using BT check that came with card.

Juniper's BankAtlanic biz card...now approved. Called and had Juniper close the personal
card in favor of the biz card as suggested here.

Discover miles biz, reallocated $10K from one of my personal cards for a total CL of of $20K.
Need to get a BT target for this card.

RBS, only $7K with them, probably just let leave it to decrease overall utilization.

BoA NEA, leaving it for now. Need the credit limits on existing BoA cards for BT targets.

Before AOR, 14 cards Total CL $209K
New Personal $39.5K
New Business $41K

After reallocation
18 personal cards $211.5K
4 biz cards $78K

How about Chevy Chase Biz, GM Business, and Amazon Biz? I got ~$10K from each and consolidated. Definitely check with 5/3 so you don't waste the inquiries. I don't see any reason you should settle for $100K in BT money, especially with more biz apps.

Nm, Glitch beat me to it about the BofA expired deal.

I just kept my Citi 0-for-life open during my recent AOR. I'm just not taking another personal BT out with them, and going to try and reallocate as much as possible to business. I've only been declined for 1 card so far (except a couple store cards at the end), so I don't think it spooked too many. Some are starting to think it might be healthy to have a decent BT showing before taking $100+ more out.

Well, you should be set for a good AOR now that kitsapfreeloader has negged your thread, like mine and everyone else's. Lol.

Glitch99 said: The BofA no-fee platinum link is not valid anymore. The $30-cap NEA card, and random $75-cap cards are still available from BofA.

Close the Advanta card since you say it is useless, and you wont do any worse with a new app w/promo.

I think the BOA offer is still valid.

I was wondering about the no-fee 0% 12 months BT on the BOA Platinum (planning a mini-AOR myself) so I did an "online chat" with a BOA rep to see if it's still valid.

Here's the transcript of the conversation.

you: Hi.. I'm planning to apply for the Visa Platinum card at this link (https://offers.bankofamerica.com/ConsumerCard/OTS5Offer.aspx) .. and wanted to confirm that the 0% 12 months balance transfer with no fees offer is still valid?
you: Some reps have said that there is a fee ($75 capped) and some said there is no fee, so I'm a little confused.
Christina: It should be listed under the terms and conditions tab on your link
you: It states, "None for each such cash advance (minimum $0)." I assume that applies to balance transfers AND check cash advances?
Christina: Great! That means there are no fees for balance transfers
you: Ok, thanks! Have a good day.
Christina: You are very welcome.

Also, the information about the card at this page here also indicates that there is no fee for balance transfers, so this would confirm what the rep. said.

good list so far, thanks.

With your existing lines, scores, and HHI, you could aim for 200K

The BofA link -- I used it on 10/04. It's no fee and 0% on BTs, cash advances, and purchases (i.e., awesome!). Just save or print the T&C and you should be fine.

For Citi, I hope you've been making more than minimum payments on that 0% balance. I mentioned somewhere deep in FWF -- about a year ago I was denied a card with reason "you've been making minimum payments on other accounts with us." I had a 0% BT for life also. It wasn't much so I paid it off and reapplied successfully 3 months later. Another warning about Citi here and a few posts above.

Are you sure you can reallocate National Park Foundation to Bank Atlantic Business? They are issued by different banks (Barclays vs BankAtlantic), kind of like HSBC Ca$h Back is issued by Household Bank, and H$BC Direct Rewards is issued by Direct Merchants Bank. If this is possible... I wish I'd known a month ago.

Regarding Discover Business -- the issuer FAQ says it shows up on personal CR. Mine hasn't shown up yet and I hope it doesn't, but it hasn't been long enough.

Good point, didn't notice that. It's a shame. If I had to guess, the codes are FAATCY for MC and FAATC5 for Visa (sc value in the URL of the second page). Worth a shot

Waiting, watching.... good luck!

scripta said: Are you sure you can reallocate National Park Foundation to Bank Atlantic Business? They are issued by different banks (Barclays vs BankAtlantic)...

Barclays is fronting for BankATL. You can reallocate, no problem. I've done it twice. Call the Juniper/Barclays credit department directly. Look for the number in the credit card issuer faq.

Good luck with AOR.

My Discover Biz shows 12 months BT promo even though I used the 18 months link. I have to fax the app to them. Also, they told me income verification is required for aggregate CL of 25K+ (which includes personal and biz, even if EIN is different from your SS#).

Juniper and National city take thier sweet time before pulling credit report. In my case, most of my other pulls were already reported when they pulled it. No wonder my application was rejected for having too many recent inquiries

onedollarinmywallet said:

I re-checked the links and it seems for the Bank of America Platinum Plus VISA or MasterCard, there are two different offers: one for 6 months, another for 12 months.

12 months 0% no-fee BT offer
https://offers.bankofamerica.com/ConsumerCard/OTS5Offer.aspx
the link opens up a PDF from https://staging-disclosures.bankofamerica.com/cpcms/static/pdf/IAT-WB-8-0107.pdf

6 months 0% no-fee BT offer
http://www.bankofamerica.com/creditcards/index.cfm?context_id=marketing_detail&offer_id=ECOMM0908API00400800122011EN000&left_hig=all_cards

Both are the same cards with no-fee BT offers.

When you try to apply to the 12 month offer above you get an error. I expect that offer is dead.
I think 12 months with a $30 cap is better than 6 months no fee.

Going to do check TrueCredit tommorow morning and see if the chase card has reported $0 balance yet. I guess its time to figure out the order in which I'm going to apply for cards.

mhesidence said: When you try to apply to the 12 month offer above you get an error. I expect that offer is dead.
I think 12 months with a $30 cap is better than 6 months no fee.

Going to do check TrueCredit tommorow morning and see if the chase card has reported $0 balance yet. I guess its time to figure out the order in which I'm going to apply for cards.

Thanks for the verification. I'm surprised that BOA didn't remove the page from their site. I just tried it myself and sure enough, it redirects to this site: https://offers.bankofamerica.com/ConsumerCard/MNCError.aspx

DUH!

mhesidence said: cyberkost said: If Chase has NOT reported $0 balance yet, do you plan to dispute with CRA to get them to show $0 before Chase reports?

No, the chase statment closed on the 18th, it usually takes a few days to show up at the CRA's after the statement closing. I checked true credit yesterday (should have waited until this morning) so I need to wait 24 hours.

Yes, I know it takes several days (and then Experian gets updated first and others get updated a little later) ... however, for example, in case of AMEX "several days" is more like a month ... I wouldn't put off my AOR by a month just b/c of that. I would call CRA and dispute the balance 1-2 days after the statement closes, b/c, technically speaking, if the balance on you card at this very moment is $0 and CRA shows $10K their info is incorrect. It's true that they make take their time correcting this (30 days or whatever the legal timeframe is), but in my experience they adjust such things on the spot.

mhesidence said: Chase account hasn't updated to the CRA yet, maybe tommrow.

Got a Capital One, No Hassle Miles Visa Platinum offer in the mail. 0% APR on purchases (BT APR same as purchases) util Aug. '08. No BT fee. No anuual fee. Credit line between $500-$20K.

Worth a shot? I'd really hate to burn 3 inquires for a $1000 credit line.

I wish we could figure out CrapOne's CL algorithm. The wife picked up a 1K line in her last A0R. She didn't even bother to activate it. As a data point, she requested a 20K BT, but she didn't have a targeted offer. Maybe the latter helps.

My theory is this: tiny limit (less than 1K), left-over cards from BofA and Juniper put her in CapOne's subprime bucket, despite having several 30K+ CL lines with a variety of issuers. I wouldn't be surprised if these low limit lines cause harm in some lenders' proprietary models, even though they don't affect FICO.

TrueCredit shows Chase Sony account at $0 on EX, but TU and EQ haven't updated yet.

Stupid EX score didn't change at all. I know its a FAKO score, but really.

Pulled the trigger. Updated OP.

Thoughts on reallocation or Biz applications?

Wait, only 9 apps? Are you sure this really counts as an AOR?

You'll definitely want to reallocate with BofA and AMX. I recommend holding off on Citibank or Juniper Reallocatoin until you find out if you get the business cards, then you can stuff credit over to there.

And you do realize that a F/R with AMX is inevitable, right?

mhesidence said: So I had to filter the discover biz and bank atlantic BT thru my BoA billpay choice. Used different statement periods to help reduce the chance BoA would think something funny was going on.

FWIW, I've used my Fidelity billpay Visa to launder BTs a couple of times without incident. Damn, I love MBNA billpay.