Like I said, chase prof. is like it's in a category by itself, get the biz card also.

I got the chase biz card for 6,000, then the prof. for 20,000, then the Chase ups card for 15,000. They never batted an eye and seem to be pushin the prof. It also doesn't report to your credit, since you don't want to many new accounts showing.

I'm not saying you'll you get 20,000, but it was my 2nd highest approval ever.

Alimo said:ok so maybe answering this question might help me...if I have a lot of inquiries, would that be reason for the credit card companies to take A/A or not? The reason I wanted to limit my AOR to 10 cards is so I don't have too many inquiries on my report. That's one reason why I only have 3 business cards listed...so I don't have like 20 inquiries but only 7 new accounts reported on my CR.

I think you misunderstand, # of new accounts to INQs doesn't matter in the slightest. I assume you know about B* right?

I admit with so few accounts it may be harder to tell if you'll get A/A or not. But really, really, what is the worste that can happen. In Sept 07 I had 31 EQ 25TU and 20 EXP. I quickly B*ed off the ones on EQ and TU. I had an older file but I was still getting approvals. mind you I only had FICOs in the 650s and an OLD newly reported collection.

Read this my aor I just take it day by day, it's not written great but you'll figure out whats going on.

Read this thread to really understan the possibilities, of course you'll need to adjust for your thin file.
Venturions AOR

If your worried about INQs, I'm thinking you don't know about B*. I'll PM you.

Yea, I worded my last post pretty poorly. My concern is whether or not a large number of inquiries can be reason for A/A.

So, suppose I want 7 new reported lines. If I have the choice between 7 personal cards + 3 business cards or 7 personal cards + 8 business cards, I'd go with the 7 personal cards + 3 business cards because I need the personal cards to report to make a thicker file (so I have a stronger base for future AORs) while at the same time not applying for too many cards to avoid A/A.

So I'd like at least 6 new, reported accounts. If 10 is a "safe" number of inquiries, I don't want more than 4 business accounts.

I do know about b* (thanks for the PM though) but I'm too lazy to do that. Besides, from what I hear, it could take a couple months before the inquiries are bumped and I really doubt the credit card companies are going to wait a few months before they decide to take A/A.

Who knows...maybe i'll become a bumper one of these days

Anything wrong with the order I plan on applying for the cards in? Should I switch from AMEX Nest/Knot to AMEX Blue? I know I won't be spending anywhere near $6500 a year with the AMEX card...maybe I will in a couple years though?

That may be the case now, but maybe AMEX will change?

Either way, I'm not planning on getting any $50k limits any time soon

Oh, ok, I thought you meant like they're not willing to give $50k limits easily. Your second sentence was pretty much the reason I'm going for AMEX.

Alimo said:GOAL:

2. AMEX The Nest or The Knot...................I'm just getting this to build relations with AMEX

Any and all help is GREATLY appreciated Advice:

If you want to build relations with AMEX, stop trying to get multiple AMEX cards just because a couple of people on FW told you it's a good idea to do an "AOR".

Someday, you might actully earn $180k on your own. Then, it sure would be a shame to have been blacklisted by AMEX, just because you wanted to get a bunch of their cards when you were a kid. In case you haven't been reading the news, credit card issuers are beginning a tightening cycle. As this occurs, they will begin dumping worthless and underperforming customers. In other words, AOR-type customers, who bring no benefit to their banks.

Read the "GOAL" you wrote in your original post. There's no financial goal there. You're spending hours of your time to mess up your credit report, and make a few hundred dollars in bonus money. What's the point? So you can brag on FW? Is this REALLY the best financial plan you can come up with?

Go talk to a local financial planner. Someone who will give you real financial goals. If your family really has $180k household income, someone in your family should already have a relationship with a planner. If not, do your family a favor and sit down with one.

win333: Again, total misunderstanding on my end. I see what you were saying.

ifyouhavetoask: (I just read through my post and it may come off as a bit defensive, but that wasn't my intention. Right now it's like you've told me "you need to go see a doctor," but if I don't see anything wrong with me, why would I see one? I need someone to show me what's actually wrong first. So yeah, I'm not being a dick, just trying to understand my situation better )

I'm actually aware of the credit situation but I suppose since I'm new to all this, I'm not really familiar with what constitutes an "underperforming" customer. I figured 1-3 cards is safe, 5+ is too much. I wasn't trying to get blacklisted. I see that I'm wrong. Would you recommend 0 or 1 card from AMEX?

Also, this AOR is just for my own gains, not for FW. The way I see it, I will have one of the worst (if not the worst) starts for an AOR compared to all the others I've read. I'll post my results so newcomers know what to expect, but I'm keeping the AOR fairly conservative cause I'm in this for myself. Anyway, the way I see it, if this AOR allows for $50-100k in BT money avaialble from a future AOR, that means I have an extra $200-600 a month to pay for expenses, which is not bad for a college student. The goal for this AOR is to get myself 2-3 good rewards cards, build a base for future AORs, and get some bonus money while I'm at it. The 1st two goals are more important than the bonus money.

My parents do have a financial planner. I don't see why I should sit down and talk to one. As far as financial planning goes, there's very little to plan for me at this point in my life. I'm finishing my 2nd year in college. I'm ahead. I have a part time job. I haven't worked long enough to have any real savings. Current financial goals? Finish college strong and go on to grad school. While there, make myself as strong a candidate as possible for a future job so I can hopefully come out of school with a well-paying and satisfying job. I don't see the AOR as a get-rich-quick scheme; I see it more as a method of getting some extra money to help with current expenses. That, or I may not even touch the AOR money and keep it in a savings account, but I'm not there yet as I'm not even considering BT money at this point. I want to keep my CR at LEAST at a 700 across the board. I don't see what harm is being done by getting a few more cards.

Again, as I've said, I'm just looking for answers. I completely believe what you're saying is right; I just want to know the logic behind your thoughts so I can become more informed.

ifyouhavetoask said:Alimo said:GOAL:

2. AMEX The Nest or The Knot...................I'm just getting this to build relations with AMEX

Any and all help is GREATLY appreciated Advice:

If you want to build relations with AMEX, stop trying to get multiple AMEX cards just because a couple of people on FW told you it's a good idea to do an "AOR".

Someday, you might actully earn $180k on your own. Then, it sure would be a shame to have been blacklisted by AMEX, just because you wanted to get a bunch of their cards when you were a kid. In case you haven't been reading the news, credit card issuers are beginning a tightening cycle. As this occurs, they will begin dumping worthless and underperforming customers. In other words, AOR-type customers, who bring no benefit to their banks.

Read the "GOAL" you wrote in your original post. There's no financial goal there. You're spending hours of your time to mess up your credit report, and make a few hundred dollars in bonus money. What's the point? So you can brag on FW? Is this REALLY the best financial plan you can come up with?

Go talk to a local financial planner. Someone who will give you real financial goals. If your family really has $180k household income, someone in your family should already have a relationship with a planner. If not, do your family a favor and sit down with one.

Since we are giving advice, here'e mine

YOU DON'T KNOW WHAT THE HELL YOUR TALKING ABOUT!

There I've said it, disregard OP some people just have no clue. You have a very good plan laid out (conservative for me) and this will teach you more than any college ever will. This is real world experience!

Just think, you'll learn about CD's and the cost of money and how to make the most of the tools in your quiver.

Forge on

Alimo, I like the idea of building a "bed" of credit. And AMX, Chase, Citibank, and Discover are too big NOT to have credit cards with if you're planning any strategies. Heck, I even applied for a Capital One card. Not because it looked good, but just because they were too big a player to ignore.