V2.0 Complete Biz / Personal 29 card A0R; V3.0 Planning Phase

ACTION

Applications

		Card					Mos	Fee		CL
1	B	UPS Store Rewards				12	75	D	
2	B	Office Depot Worklife Rewards			6	99	D	
3	B	Amazon.com					6	99	D	
4	B	GM World					12	99	D	
5	B	Priority Club Rewards				6	99	D	
6	B	Advanta Platinum				15	90	DA	
7	B	Chevy Chase Bank Flexible Rewards Platinum		12	75	D	
8	B	Capital One Platinum Preferred No Hassle Miles	12	N/A	DA	
9	B	CitiBusiness ThankYou Network			12	N/A	D	
10	B	Chase Platinum				12	75	D	
11	B	Bank Atlantic by Juniper			15	75	DR	
12	P	Associated Bank				12	N/A	A	 25,000 
13	P	Citi Professional with TY Network		12	N/A	DA	20,000
14	P	GM Flexible Earnings Card			12	99	A	 600 
15	P	Sony					12		DA	38,000
16	P	MilesEdge bank of america			6		EX	
17	P	ESPN Visa, WAMU				6		A	 10,000 
18	P	Pulaski Bank Visa Gold			6		O	
19	P	State Farm Bank Good Neighbor Credit Card		9		DRA	10,000
20	P	HSBC Weekend Card				12	99	EX	
21	P	National Park Foundation Platinum Juniper		12	50	A	 12,700 
22	P	Citi Upromise				12	75	DA	15,000
23	P	RBS Platinum MC				10	60	DRA	
24	P	Carnival Cruise Lines by Juniper / Barclays	6	50	D	
25	P	Emigrant Direct Platinum by Barclays		6	50	D	
26	P	Starbucks Platinum Visa by First USA		6	99	DO*	
27	P	PetRewards Visa by BofA			6		EX	
28	P	Bank Atlantic by Juniper			6	50	D	
29	B	FNB Omaha							DR

Total New (to date): $121,300 - 7 cards

Key:
B/P - business / personal
D/R/DR/A/O/EX/DA - deferred, rejected, deferred then rejected, accepted, other, experian puller, deferred then accepted

* Nice Chase rep called and said I could only have Sony OR Starbucks. As Sony has longer BT duration, I chose it. Fortunately, I had put the same BT amount on both apps so it seemed less dubious.
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INTRODUCTION
I did Business AOR 1.0 in July 2007.

Strategy:
Conduct two biz A-O-Rs for a sole prop and for a legit S-corp (purchased in late 07)
Conduct a personal A-O-R
Frozen EX
B*ge using PM123, NCIP, AMEX-CS
Use Citi & BA for BTs

Goals:
Plenty of 0% cash for refinancing biz A-O-R 1.0 from 7/07
Cash rewards (cardselection, miles, etc.)
Rebuild personal credit

Your help:
Please provide cards for which you would like me to apply. The sky is the limit. I will consolidate the list with links and execute in about two weeks. Your critique is greatly appreciated. OP will be updated with any missing information.

Stats: 32; high $2xxKs HHI; FAKOs 754/0, 741/5, 748/1 (T, EX - frozen, EQ)

Debt: $50K student loan (2.75% fixed), $250K unused HELOC (6% until 9/2010), $23K Discover
(house with no mortgage and car with no loan)

Business A-O-R 1.0 summary: 20 cards, 100% acceptance, $325K 0% money, paid off mortgage + HYS (~$75K)

Biz Cards for sole prop. (card, balance, CL, offer expiry):
Advanta 0K 12.5K NA - closed on 1/31/08 so ready to reapply per CSR
AMEX-FreedomPass 90K 99K 8/08
BA 19.2K 20.0K 5/08
Bank Atlantic 23.8K 25.2K 10/08
Cap1 19.9K 22.5K 9/08
Chase 75.8K 81K 7/08
Citi 33.4K 35.5K 8/08
M&T 19.2K 20.0K 8/08
Nat City 18.1K 20.0K 7/08
($300K / $336K / 89%)

Personal Cards (card, balance, CL, offer expiry):
AMEX-Blue 0K 5K NA
BA Quantum 0K 1K NA
Discover 22.6K 28K 0% for life
Citi daily spender 1K NA
SearsCiti 0K 2K NA
Amzn Chase daily spender 2K NA
Usair BA 0K 64.5K NA
($22K / $104K / 22%)
* I severely reduced personal credit by reallocating ~$85K during biz A-O-R 1.0

Are you planning to do the AOR with all those balances? I've wanted to do it but I wonder if it will work, I also have a SoleP and an LLC.

win333 said: Are you planning to do the AOR with all those balances? I've wanted to do it but I wonder if it will work, I also have a SoleP and an LLC. The only balance showing on my credit profile is the $23K from Discover.

Cardselection appears to be *partially* back. The got rid of all bonuses for a bit, but they have put some back now. Not as good as it was though.

Good questions, Win. Personal often doesn't see biz, even at the same issuer, so I think I'm okay for the Personal A-O-R. As for biz, I was planning to apply to new issuers or affinity cards for the sole prop. A-O-R 2.0 and thought the S-corp A-O-R using the TIN might not count the sole prop. credit with the same issuer. Not sure... but willing to try. I will definitely reapply for the consolidated biz cards which didn't seem to count against each other even when they were serviced by the same issuer. For example: GM, Chevy Chase, Chase all gave me $20K last time around and I was able to consolidate them into a mega Chase card while closing the branded cards. I figure I can hit them all up again.

Venturion said: Good questions, Win. Personal often doesn't see biz, even at the same issuer, so I think I'm okay for the Personal A-O-R. As for biz, I was planning to apply to new issuers or affinity cards for the sole prop. A-O-R 2.0 and thought the S-corp A-O-R using the TIN might not count the sole prop. credit with the same issuer. Not sure... but willing to try. I will definitely reapply for the consolidated biz cards which didn't seem to count against each other even when they were serviced by the same issuer. For example: GM, Chevy Chase, Chase all gave me $20K last time around and I was able to consolidate them into a mega Chase card while closing the branded cards. I figure I can hit them all up again.

Ya know I've really been trying to get this talked about, but I've had no luck. Creditboards hates the Fatwallet way and fatwallet refuses to try to understand how biz credit works.

So i've been on my own, My EQ is still debt free and my SP has credit with most lenders. I'm willing to try for my LLC if it will help you.

I've got biz debt with chase, citi, bofa, fnbo, m&t & AMEX. I'll hit up any lender you have in mind Tomorrow, my EQ is about to show 40,000 on the personal side so I have to do it Tomorrow.

I just applied for the CITI PP for my SP, CITI has denied my biz multiple times for any new credit. I'm hoping that having business reports now will change their mind. I should know something any day now.

I did 15 apps in Nov. with Experian frozen and only Discover wanted to see my Experian, I dropped the ball and didn't even call them. So I think it will work better than most would think.

Let me know, I'll try with any of the names listed above.

Venturion said: Good questions, Win. Personal often doesn't see biz, even at the same issuer, so I think I'm okay for the Personal A-O-R. As for biz, I was planning to apply to new issuers or affinity cards for the sole prop. A-O-R 2.0 and thought the S-corp A-O-R using the TIN might not count the sole prop. credit with the same issuer. Not sure... but willing to try. I will definitely reapply for the consolidated biz cards which didn't seem to count against each other even when they were serviced by the same issuer. For example: GM, Chevy Chase, Chase all gave me $20K last time around and I was able to consolidate them into a mega Chase card while closing the branded cards. I figure I can hit them all up again.

I applied for 1 personal 1 biz with Chase and Chevy chase, I got all the chases but the Chevy's seemed to vanish and Chase just played dumb. So I got 2 cards with 4 apps and couldn't figure out what really happened. Once I called the CHEVY app status line and it sounded just like the chase status line I figured I was busted .

I know AMEX is a pain, but thisguy got 2 50,000 cards. 1 Delta and 1 Starwood card, it seems as if the systems aren't talking to each other. I've been dying to try. I can't seem to put this all together Afinity, branded, co-branded. If you can put it together I'll just copy.

I've got my popcorn and I'm glued to the puter.

I haven't tried Sole-P and LLC with same lender yet (for major cards ) But it looks like SCM has had alot of success. I've been trying to get a LOC for my Sole-P, so I got side tracked and now my personal shows to much debt on EXP and EQ.

I'm going to move debt around and get set-up to do the same thing your doing. I'll pm SCM, i'm sure he'll jump in.

lhendricks - I think you may be right, but let's see what happens. I applied for a BA Power Rewards Visa for actual biz use today for the S-corp and it was approved. My sole-p has the same card. So perhaps the issuers willing to let you have two of the same card may be fair game, whereas the Advantas and Discovers of the world won't be accomodating. I think the list is still fairly large and I'll start compiling it.

I ordered my Equifax biz report - thanks for the heads up.

I'm going to go the normal route for the S-corp A0R, i.e. PGs, unless you or others convince me to do otherwise. I'm open!

From my preliminary list, the biz x 2 A0R should be about 20 cards again.

Judging just by the way accounts are set up at Citi and Chase, I believe each business is considered separately by them. It would be helpful to know what is on your business credit report of course. It seems that there are different types of business reports that lenders can pull, some including all accounts for a company and some only those where you are a guarantor, so what you see is not necessarily what they see. Also, we don't know who reports to D&B. So far I have my Discover Biz and a closed Chase United Biz (reported only after I closed it while the open cards are still not reported). PNC Biz showed up and disappeared. Citi, Cap1, Wachovia, FNBO never showed up.

Keep track of lenders pulling Equifax Biz (if you find out that they do). There is also Experian Biz (smartbusinessreports.com and AmericanExpress.com/businesscreditsecure) but hardly any issuer reports there, although some pull it. Be sure to sign up for the AM_EX version prior to freezing your personal Experian report if you are interested.

Glitch 99 said

One exception may be AMEX - I have 2 personal cards and 2 Biz cards (Corp, w/TaxID) with them, and they suspended all 4 accounts for my FR (and I only had to send in biz docs to unsuspend all 4). They also snagging part of my existing personal line to create the two biz accounts when I opened them.

Glitch, which biz docs did you have to send to AMEX? I am considering the same stategy for myself and I am so glad people are finally talking about this. S corp AOR (which I am in the middle of) then Sole Prop cards, then Personal. If it works, I think you can indeed do 2-3 AOR's a year.

I applied for five Chase cards last biz A0R. I just finished scraping the Chase site and see 16 Chase biz cards for this round. 15 of them will be 2x (Sole-P & S-Corp). Thoughts/obvious problems?

Chase Premier Cash Rebate
Chase Cash Rewards
Chase Platinum Free Cash Rewards
Chase Flexible Rewards Select
Chase Flexible Rewards
Chase Platinum Premier Value Miles
Chase Business
Chase Professional
Amazon.com
BellSouth
Borders
GM World
GoDaddy.com Rewards
Michelin Advantage
Priority Club Rewards
UPS Capital

PS. Any reason not to apply to all of the Chase personal cards with 0%, fixed fee BT offers as well? I would follow-up with one Macro-consolidation.

I may not be understanding, but I would not recommend applying for 15 total Chase cards, I don't care how many names or businesses you do it under, it's going to look hinkey.

Plus, there's a lot of redundancy. If you're planning on doing the BT on the business side, then you only need the 0% card there (maybe two apps, just to be safe). Any other cards applied for are going to be for credit limit padding and/or bonuses.

Venturion said: Mark - I applied for 5 Chase cards in the last A0R. Four received $10K CLs and one received $25K. I don't see why it can't scale without impacting credit availability. Was I just lucky last time around?

Win - launch date is still at least a week away because I have some upcoming business travel this week.

Cancel the biz trip, my popcorn will be stale

So your really gonna try that many, I think you'll get more than any of us can imagine. I thought I had nerve but you are the winner. I will absolutely go right behind you and do my AOR, I just need to move some debt off of my personal report 1st. I blew it applying for business lines of credit.

On a more important note, I've been disputing 6 inqs at a time off of my EQ report with great success. I think you should try, soon as the inqs start rolling in. That way any late pullers won't see see as many INQs.

It takes atleast 2 day to get them off, most of the time it's 3 days.

I applied for the chase UPS and the chase PROF. by the time they got around to checking my app the fraud dept called me. My address doesn't show on my credit report. So Chase ups wanted me to send in UTIL bills, then about a week later I get a call from the fraud dept again. This time its for the chase PROF. they want util bills because my address is not on my credit report.

I slipped up and said, " But I just faxed them in for the UPS card". She didn't care and said she had verified all she could and that she would need the util bills. So I said OKY DOKY I'll get them right to YA! Chase UPS line got 15K and the PROF. I got 20K.

So without a doubt those 2 cards are not seen by each other. Just like I think the AM3X Delta and starwood don't talk to each other either. Thisguy got 2 50,000 lines on those AMEX apps. I did notice THISGUY has a Dell account so he must have a business credit report. I think when AMEX saw the Biz credit report they gave him the MAX. I also think the biz credit report is why he did so good on his AOR. His HHI is only like 110,000, that is the only thing that explains why he did so good I think.

Food for thought

Well on a brighter note, if you get A/A you already have their money Not much they can do.

Well I just checked my EXPERIAN report and I see 3 different chase soft pulls in the last week.

Chase bank, Chase NA and first usa

Maybe if we can figure out who and how many different arms they have we could apply for a few per arm.

Chase Bank = either chase biz or chase platinum

Chase NA = same as above

First usa = My chase freedom card

There is a reason they are doing 3 softs, if it was just as easy as your SS# they would only need 1 soft or at most 1 soft for personal and 1 soft for business.

I don't know that much about all the different companies chase owns, BUT I know you guys do. Isn't the chase Sony card separate from the others for example.

I remember the chase commercial that says they offer over 800 different cards, there has to be a glitch somewhere and we are only exploiting a very small part of it.

ShaneM said: I agree with mark; I want to see what happens but completely expect for you to get denied on lots of these apps. They still have your social and thats all that matters. Let me get the full list together and then I'll run it all. This is the "Trash My Score" A0R I've got about 21 cards so far and expect to get around 30-40 before starting.

ShaneM said:
Last year I applied for around 5 Chase and got accepted on 3 (25K, 25K, 10K). So one would think I could have gotten more but actually got denied on the others. Good data point. Do you recall which three were accepted, which were not, and in what order applied/decided/reported pull? I did GM, Chase Rebate, Chase Platinum Visa, Chevy Chase Bank, and Amaz0n. I think adding BellSouth, UPS, Borders GoDaddy, Michelin, and Priority Club should be okay. I'll take the hit/risk for the FW team and report what happens. I've got nothing to lose.

CHASE CARD SERVICES


Address:
201 N WALNUT ST FL 6
WILMINGTON DE 19801
No phone number available
Date of Request:
01/28/2008
__________________________________________

FIRST USA,NA


Address:
PO BOX 8650
WILMINGTON DE 19899
(800) 955-9900
Date of Request:
01/27/2008
01/10/2007
_________________________________________



CHASE BANK USA,NA


Address:
3415 VISION DR
COLUMBUS OH 43219
(800) 848-9136
Date of Request:
01/25/2008
______________________________________

FIRST USA,NA


Address:
800 BROOKSEDGE BLVD
WESTERVILLE OH 43081
(800) 955-9900
Date of Request:
12/28/2007

________________________________________

CHASE BANK


Address:
800 BROOKSEDGE BLVD
WESTERVILLE OH 43081
(800) 955-9900
Date of Request:
05/15/2006 <-------------------2006 I did not have a freedom card (first usa)

Funny I have 4 softs from chase since 12/28/07 I have 5 chase cards, 2 personal and 3 biz cards. When I got my freedom they were real picky (I already had a 25,000 card) They wanted bank statements. I got 3 biz cards in NOV/DEC07 and they didn't bat an eye except for wanting util. bills.

Someone has to be able to do something with this info.

advanta and keybank report to experian biz

I wouldn't apply for all those Chase Cards. I am just in the last stages of my 1st AOR, which I launched last week Jan 29th. After seeing others have so much luck with Chase, I was surprised when I was denied for "too many new accounts in the last year" which means too many new accounts with Chase.

I applied for 2 Chase Biz, 1 Chevy Chase Biz, and 1 Chase Marriot personal. I was approved for the 2 Chase Biz (Both at the very top of my list) but was denied for the Chevy Chase and the Personal Chase because I had too many new accounts with them, and by too many they meant 2. Now I called back today and they are re-submitting my Marriot personal application, but they are closing out another personal card to do so. Not sue if you will have the same fate with the co-branded cards, but ti looks as though they are tightening the reins. Hope that helps, and good luck! Can't wait to see wait to see what happens!

Venturion

I bought the house for $350K three years ago and it probably sells for $320k. One roomate has being with me since i bought the house. Two rooms have come & go but in overall a steady income and it will continue to be so. I am not sure if i qualify for Obama modification program and neither a large HELOC. You are really caught between a rock and a hard place now that you missed a card payment. I dont think is a good idea to play this game any longer, the most i will get probably is $60k in AOR money with a good score.

Eureka, instead I should apply for a HELOC to replace the mortgage instead, looks like rates are staying low for 1 or 2 years, then what? maybe no more AOR? maybe they merge the business + personal cards together, etc.