Any thoughts on which Baylor card might offer the highest CL?
glxpass
Senior Member - 5K
posted: Feb. 21, 2008 @ 12:49p
Just a word of warning, based on my personal experience with US Bank: Their pre-approved offers apparently don't take into account how many hard credit inquiries you have. I had around TU8, Ex10, and Eq15 a few months into my AOR when I tried to take advantage of the offer, and was denied due to too many inquiries.
OTOH, Chase sent me a pre-approved Chase Professional pre-approved offer at about the same time, and I was approved for that card, with a 20K CL. I even already had a Chase GM Business card. Go figure.
lhendricks92
Senior Member - 1K
posted: Feb. 21, 2008 @ 12:57p
Venturion said: Any thoughts on which Baylor card might offer the highest CL?
25K is common. DW got the cash reward card last summer, but I doubt which card you pick matters.
I applied yesterday. Found out I was approved today, but the CL is unknown.
lhendricks92
Senior Member - 1K
posted: Feb. 21, 2008 @ 12:59p
glxpass said: Just a word of warning, based on my personal experience with US Bank: Their pre-approved offers apparently don't take into account how many hard credit inquiries you have. I had around TU8, Ex10, and Eq15 a few months into my AOR when I tried to take advantage of the offer, and was denied due to too many inquiries.
OTOH, Chase sent me a pre-approved Chase Professional pre-approved offer at about the same time, and I was approved for that card, with a 20K CL. I even already had a Chase GM Business card. Go figure.
In general, I think Chase is less uptight about inquiries than smaller outfits like US Bank.
MikeR397
Senior Member - 3K
posted: Feb. 21, 2008 @ 1:27p
Venturion said: Any thoughts on which Baylor card might offer the highest CL?FYI: I got the US bank card over the summer, got a 11k limit, called in and asked for a CLI for a BT and they upped it to 25k (after 3 day credit department review with no new hard pull for CLI).
Applied and got the 7-10 days. Might be related to the EX freeze. Did get the BT request after the decision and entered $30K request.
Will try M&T later today.
lhendricks92
Senior Member - 1K
posted: Feb. 21, 2008 @ 3:05p
approved for 25K baylor and 15K Woodforest for my biz. i'm going to try to reallocate my 25K from M&T tomorrow. that card is 6 months old. i'll report back.
coollife3000
Member
posted: Feb. 21, 2008 @ 3:07p
Terms for all of these apps say "No Balance Transfer Fees for balances transferred with this application."
Enjoy!
I see the where it says "no blalance transfer fees for balance tranferred with this application", There is also: "Balance Transfer Fee: 3.00% of the transaction amount, $5.00 minimum". Does this mean I'll get 3% charge if apply on the phone? And I will not get the BT charge if apply through the link.
Just would like to verify. Thank you.
lhendricks92
Senior Member - 1K
posted: Feb. 21, 2008 @ 3:17p
no, it means BTs normally have uncapped fees, but they will make an exception if you ask for a BT with the application. i'm sure you could do this over the phone as well as through the link. in fact, i bet you can even wait until you get your card to request the initial BT. YMMV, but US Bank tends to be pretty flexible with BTs.
tolamapS
Senior Member - 2K
posted: Feb. 21, 2008 @ 3:26p
Is there a geographic area restriction for any of these USB cards? I have read that with some other cards (not necessarily USB), some fatwalleters got rejected because their "address was outside of bank's service area".
Yeah, they are flexible...I did one last fall and the CSR said you had 1-2 months after application....my bt didnt go through with the application since it was higher than the limit they gave me and just called at activation to get the no fee offer...I specifically asked for a higher limit with the bt and it was a no go on my end...I have a 15 month offer from a pre-approval...
markkundinger
Senior Member - 2K
posted: Feb. 21, 2008 @ 4:17p
tolamapS said: Is there a geographic area restriction for any of these USB cards? I have read that with some other cards (not necessarily USB), some fatwalleters got rejected because their "address was outside of bank's service area". US Bank itself can be fairly nationwide. Some of the smaller banks, for instance Woodforest, I think won't even let you apply unless you specifiy a site in their lending area.
All 4 links you provided are showing 3% BT fees, $5 min [no max], now.
lhendricks92 said: Last summer, US Bank (aka, Elan) offered many cards with 0% BT offers and no fees. At some point, they all switched to uncapped fees.
I checked this week - the no fee deals are back. Some examples:
Terms for all of these apps say "No Balance Transfer Fees for balances transferred with this application."
Enjoy!
barefool
Senior Member - 1K
posted: Feb. 21, 2008 @ 4:32p
cclyde said: All 4 links you provided are showing 3% BT fees, $5 min [no max], now. Read up above that. It states, "No Balance Transfer Fees for balances transferred with this application."
Anyone know the amount of co-brand cards you can have with Elan? There are a ton of them out there with this offer. Napoleon State Bank Highland Bank
EugeneV
Ancient Member
posted: Feb. 22, 2008 @ 10:27a
I don't think there is a limit, but most of these banks probably do not lend outside of their service area.
lhendricks92
Senior Member - 1K
posted: Feb. 22, 2008 @ 10:43a
When I spoke to the Elan credit department about my app, I asked about how US Bank's relationships work with these smaller banks. She said US Bank is the lender, and all of the smaller banks are just using their name to market the cards. Bottom line, I don't think you have to be in the smaller bank's lending area - you just need to be in Elan's. For example, I'm not sure why a tiny Texas bank (Woodforest) would lend to someone in Virginia. I could be wrong, and it's probably a good idea to verify before you apply.
mase said: What credit bureau are you guys getting pulled on?
Looks like Experian for me.
Darn you Experian and your immunity from bumpage!
Rorer714
Senior Member
posted: Feb. 22, 2008 @ 2:04p
lhendricks92 said: excellent finds, 74ak. can anyone find a biz card with a 12 months offer? Found at least 20 differnt sites but all where 6mo for business. Will keep looking!
excellent finds, 74ak. can anyone find a biz card with a 12 months offer? I looked for 12months biz as well but did not find any, it seems elan has standard offer regardless of the brand, be it Main Source,Provident or Credit Union(why would they even offer business cards for teachers)
I will keep looking though
JohnMcLarty
Member
posted: Feb. 22, 2008 @ 4:08p
Will the BT offer let you send a check to your self? Or do you have to have a ballance on an other card that you want to pay down?
lhendricks92 said: approved for 25K baylor and 15K Woodforest for my biz. i'm going to try to reallocate my 25K from M&T tomorrow. that card is 6 months old. i'll report back. FWIW, I called the customer service number on the back of my M&T business card and was told that they don't allow any reallocation or consolidation between 2 M&T cards or M&T and any other Elan business cards. The rep didn't know if it'd be better or not to close the existing business card before applying for a new one. He gave me the number for the Elan applications/credit department and said they might know which is the best way to proceed with an existing account.
Of course what I was told might be completely untrue, but I figured I'd report it anyway. I'd like to know how best to proceed before I apply for another Elan business card.
MikeR397
Senior Member - 3K
posted: Feb. 22, 2008 @ 10:22p
JohnMcLarty said: Will the BT offer let you send a check to your self? Or do you have to have a ballance on an other card that you want to pay down?I am pretty sure that they will send you checks, but you have to call for them. I could be wrong, but I think I remember this.
MikeR397 said: JohnMcLarty said: Will the BT offer let you send a check to your self? Or do you have to have a ballance on an other card that you want to pay down?I am pretty sure that they will send you checks, but you have to call for them. I could be wrong, but I think I remember this. The M&T Business card would only BT to another credit card and they only sent checks as of July 2007.
On a different note, I just noticed that when my wife applied for the Baylor personal card in August of 2007, I requested a $24.5K BT on the app and she received a $25K credit limit. It was the only line that she received from her 17 card AOR that was over $15K other than $35K from PenFed. Coincidence?
jackcrawfish said: Cheapoking said: US Bank method to approve or disapprove new or allocate CL's is narrowed down to ICS/Advance Resolutions Services INQUIRIES, as per my experience. Too many and you are SOL.Good news reported here by crawsfire.
Freezing your ICS/ARS report is possible and will likely remove the large barrier to approval with them.
Summary:
SuperG03 said: what reasons did [US Bank] finally end up giving as to why the denial? jackcrawfish said: Too many applications at address. crawsfire said: This was a chronic problem for me and my spouse with US Bank until I froze our ARS reports. To freeze ARS you need to fax or mail a signed written request with your name, address, social security number, and proof of identity like a drivers license, state ID, etc.
Advanced Resolution Services, Inc 6111 Oak Tree Blvd, Suite 400 Independence, OH 44131 Ph: 800-392-8911 Fax 216-615-7642
We were both approved after trying 3 times for each of us (once every 3 months). Every app resulted in the "too many apps at our address" denial. I apped again for each of us after we received a letter back from ARS confirming that they had frozen our files due to our request. (I told them I believed my credit report data had been compromised) It took about 10 days to get confirmation from them. Luckily US Bank pulls EQ for us and I disputed the inquiries off online after each try(this is no longer possible). We were both approved about 2 weeks ago with 0 inquiries showing for US bank and ARS frozen. I got 24K and my wife got 22K on the Linux card. jackcrawfish said: Are/were you a frequent BT arbitrage AOR gamer? Prior to your approvals two weeks ago, had you any prior business with US Bank? Is your credit profile large? FAKO Scores? Household Income? crawsfire said: 40 y/o, playing with credit since I was 18. No US bank cards in the last 5 years or so because they used to pull EX for me and I avoid those pulls. I think US bank services my Lexus card. I retired early at 23. I live off of interest income now which is low 6 figures annually. I have never ever been asked for financial docs for a credit card. I usually have about 30 on my reports. When my average age starts getting low I just cancel one or more of my 21 y/o AMEX cards and get some new ones since they backdate the new accounts and the ones I closed still contribute to age. I can keep my spouses average age up there too by adding her as an AU to these cards. I can usually get AMEX to pull TU for me. If there is anything I did right as far as credit card arbitration goes it was getting my first AMEX at 18. My spouse is 26, no job, nursing student. We usually keep one of our reports clean and the other dirtied up with arbitrage and rotate every 12 months or so.
eta/ Credit secure fakos all about 774, 776, 778. True EQ fico 746 as of two weeks ago (about 28% utilization right now, when paid off will likely be close to my fako score) I have 380K in CL, Spouse has 220KUPDATE: dl73 reported success in gaining an approval AFTER freezing ICS report. dl73 in linked thread said: Just reporting back my data points on freezing ARS - both my wife and I always got denied by US Bank over the last couple years for what was obviously due to ARS.
After we froze my wife's ARS she then got an instant approval on her first try for a Linux card After we froze mine, I got denied - but it was at least a more conventional reason due to Experian (excessive inquiries) and no longer due to ARS information.
So in my experience freezing ARS can only have a positive effect at least for US Bank applications.
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