Rorer714 said: jevon90 said: anybody know if there are are any limits on the number of apps for Elan CC's either personal and/or Biz at the same time or limit on number of total cards. I'm considering applying for all 3 biz cards at some point. On the business side I have a M&T card with a current BT. I received an instant approval of (25k) last Sunday for the Illinois State Bank card. I also applied for the Woodforest card and got the 7-10 notice. I have not received the letter yet but will update when I do. I also have an US Bank card with a current BT on the personal side.
Edit: In case you are interested there are over a hundred differnt banks that offer these Elan cards. It would sure be nice if they let you have one from each bank. I guess i can always dream! UPDATE: Just received my Woodforest card today. Only has a 15k CL. I guess I will have to apply for another card to see what their limit is (# of cards and or maximum CL exposure).
welookgoodcom said: It says to waive BT transfer fee i need to do bt at time to applying. but there's no place on 3 step application to do thatAfter I got denied for instant approval, there is a final page for balance transfers. I was denied instand approval and then at the bottom of the next page there is an "Add balance transfer" LINK (not the button, the button is for final app submital). The transfer requests the account number, issuing bank, and address.
I am assuming this is the same process that is used for instant approval. There was a 15 minute time limit on submitting the application, so if possible, don't spend too much time reading through things.
lhendricks92
Senior Member - 1K
posted: Mar. 4, 2008 @ 8:03a
welookgoodcom said: It says to waive BT transfer fee i need to do bt at time to applying. but there's no place on 3 step application to do that
It's been my experience that they will waive the transfer fee on BTs even if you wait until receiving the card to do the transfer.
JohnMcLarty
Member
posted: Mar. 4, 2008 @ 3:48p
I tryed to use my local CITI branch & the CSR said I needed a PO Box to the payment center to do a BT. So how can I get the CASH?
Data point: Applied on the 1st of March Approved on the 4th for $10,400 with BT for 10K. Based on my situation, see below, that is very nice of them.
HHI: 30-35K Occupation: Student Scores: 650-730
Questions: 1) Is it worth it to request a CLI upon receiving the card? 2) I requested the BT to my CITI debit card using the address on the citi website. Anyone has had experience with it (timing, glitches, etc)?
DFW06
Senior Member
posted: Mar. 7, 2008 @ 10:14p
I am sooo clumsy!!!.. after browsering the site for awhile, i decided to apply for the card. However, I accidentally applied for the College card. They approved me for a $1000. It's funny that i didn't even notice that until they called to verify some info, and told me that i'm approved.
i'm now still kicking myself. Just summited another application. Hope that they will approve me another.
Everything went smoothly with my BT. It took about 10 days for my Citi credit card to receive the mailed paper BT check. Too bad they can't process a BT electronically, but it's still worth it to get 0% and $0 fee.
lhendricks92
Senior Member - 1K
posted: Mar. 11, 2008 @ 2:33p
lhendricks92 said: Called today to attempt reallocation. Apparently my new CL on the Woodforest card is $31K. I requested a $30K BT on the app. Hmmmm.
I asked about reallocation, and the analyst said I would have to fax docs to CLI the Woodforest card. She understood I wanted to reallocate, but perhaps they have a max line on a single card without docs. I faxed personal asset statements. I'm usually happy to provide docs, as I suspect this a good antidote for adverse action. We'll see what happens.
When I got my card last week, I saw no signs of the requested reallocation. Sent an online message about it, and today I received a call saying underwriting has approved my reallocation. My new Woodforest CL is now $50K. I immediately did another $20K BT and was assured there would be no fee.
jevon90
Addicted Member
posted: Mar. 12, 2008 @ 3:22p
I did a Mini Biz App O Rama this afternoon and got approved for the M&T and Cambridge Biz Cards from Elan with $10,000 CLs from each(you can read more here). I also applied for a Woodforest App but got deferred. I didn't request any balance transfers with my app as I didn't know Citi's Address information for the BT payment they would have to mail it seems. I will look to try and gain higher CLs when I request BTs on the 2 cards or at the least reallocate them when I receive them. Thanks for the OP and the further information on reallocation success lhendricks92.
Have people found the consensus is two business cards per ELAN servicer? That is what I get from reading this thread - the third one is deferred. Both of my businesses got approved for two (didn't try a third) - one business both at 7500 and one business both at 15k.
LaJollaInvestor
Senior Member
posted: Mar. 14, 2008 @ 2:01p
I'm considering one of the Biz cards and was looking through the online ap
On the last page under Applicant statement it says:
I authorize Issuer, in determining my eligibility for credit, renewal of credit, and future credit extensions, to verify my employment and income and all other information I have provided, and obtain information about me, including my residence address, from other creditors, credit bureaus, employers, third parties, and federal and state records, including any state motor vehicle department, and waive any rights of confidentiality I may have in that information under applicable law
I've never seen the DMV thing before (although Penfed asks how many cars you own) Wonder what the deal is? (Checking your identity or like Penfed how many vehicles you own?)
Only thing holding me back is that I think Elan pulls EX in Cali.
I opened a couple of US bank checking accounts in the past month or two. Each time they offered me a $8k Visa with no hard pull. I refused because they had uncapped BT fees. Applied for M&T business card with a $14.9k BT. No pull on TU or EXP. I don't have access to EQ.
It took 6 days to find out the card was approved w/ a $15.5 CL. The CSR said the BT check would be mailed to another creditor on the 18th. Applied late on the 6th. Approved on the 13th. Check mailed on the 18th. More free money! Thanks, OP.
lhendricks92
Senior Member - 1K
posted: Mar. 19, 2008 @ 11:35a
Another datapoint:
DW has 2 Elan biz cards. Both 6 months old, both with 15K CLs, both with balances of $0. DW also has a Baylor personal card. It's also 6 months old with a $25K CL and $17K balance.
She recently applied for 1 biz (Cambridge) and 1 personal (LinuxFund). 2 days later she received a phone call from underwriting: "Why do you need so much credit?" Her response, "I'm exploring my credit options."
Approved for another $15K biz card and a $5K personal. I will try to reallocate the biz credit; the new personal line is useless.
jevon90
Addicted Member
posted: Mar. 22, 2008 @ 2:06p
More BT information from my AOR thread: So I initiated BTs on both of my new Elan Biz cards(M&T and Cambridge Trust) for $9,600(will pay off $101 on both cards so util for each is at 94.99%) each on the 10K lines I learned a few things -they don't allow reallocation(lhendricks92 was able to but he sent in documents; they did not even mention this being an available option for me) -CLIs aren't allowed for 9 months from account opening -I believe it's best to request a somewhat higher number BT on your app then as reallocation and CLIs are not allowed and it seems they issue a CL of a little over the BT request amount. I'm still happy with my ~19K in 0% BT money from them, but think I might have been able to get 5-10K more if I asked for more on the app.
lagomorph
Broke Member
posted: Apr. 2, 2008 @ 10:12p
Didn't see this posted anywhere, but when I looked at the Linux Fund card tonight (which used to be no fee) it had a 3% BT fee w/ $75 cap... haven't checked the others.
Pull the trigger, you'll get your chance to ask after you hit the submit.
B0HEMIAN
Ancient Member
posted: Apr. 3, 2008 @ 12:06a
nm. saw the prior posts.
Thanks for the tip. Do you happen to know how long does it take for usbank to pay the other card? My last leg of 0% on the other is due paying off in 20 days.
delzy said: Pull the trigger, you'll get your chance to ask after you hit the submit.
win333
Senior Member - 2K
posted: Apr. 3, 2008 @ 1:13a
lagomorph said: Didn't see this posted anywhere, but when I looked at the Linux Fund card tonight (which used to be no fee) it had a 3% BT fee w/ $75 cap... haven't checked the others.
I linked to the 0 FEE linux yesterday and now my link doesn't work, maybe the offer is gone.
lhendricks92
Senior Member - 1K
posted: Apr. 3, 2008 @ 8:29a
lhendricks92 said: I asked about reallocation, and the analyst said I would have to fax docs to CLI the Woodforest card. She understood I wanted to reallocate, but perhaps they have a max line on a single card without docs. I faxed personal asset statements. I'm usually happy to provide docs, as I suspect this a good antidote for adverse action. We'll see what happens....Today I received a call saying underwriting has approved my reallocation. My new Woodforest CL is now $50K. I immediately did another $20K BT and was assured there would be no fee.
Reallocation appears to be a YMMV situation. My wife has a new Elan CTC biz card at 15K, and 2 older Elan cards (Woodforest and M&T) each with 15K. She asked to consolidate all 45K onto the CTC card. Rep said she would need to fax business tax returns to create a single line that high. We are happy to send asset statements, but tax returns are too invasive and too much trouble. She might send bank and brokerage statements anyway to see what happens. Nothing to lose.
lhendricks92
Senior Member - 1K
posted: Apr. 3, 2008 @ 8:36a
One more note with Elan and US Bank...
Based on several data points, I would recommend calling to request BTs rather than using the website. (This assumes you didn't request a BT with the application.) I've had at least 2 online requests be rejected for "incomplete information," and if they are accepted, they take about a week to actually get processed (plus another week for mailing time.) When I've called, the requests have appeared on the website the next day.
And, as I've noted before, the reps have no problem sending your BT to any "creditor" with an account number. I've sent US Bank BTs to USAA savings and PenFed savings without incident.
jevon90
Addicted Member
posted: Apr. 4, 2008 @ 6:40p
Another Data Point: Regarding my 3 applications for Business Credit Cards last month, I finally got my rejection letter regarding the Woodforest card I applied for (I was accepted for 2 other Biz cards) and the reason given was "-Already has maximum number of requested products" so looks like Elan has a limit of only allowing 2 Business Credit Cards altogether or potentially 2 applications done within a certain time.
lagomorph
Broke Member
posted: Apr. 5, 2008 @ 4:58p
lagomorph said: Didn't see this posted anywhere, but when I looked at the Linux Fund card tonight (which used to be no fee) it had a 3% BT fee w/ $75 cap... haven't checked the others.
Looks like the 0% no fee BT is back. I jumped on it this time since I didn't know how long it would last. $12K initial CL. Transferred to two credit union cards (WSECU and Penfed), more than my current balances -- credit unions generally just stick any overpayment in the member savings account, that's what I'm hoping for at least.
win333
Senior Member - 2K
posted: Apr. 5, 2008 @ 6:06p
jevon90 said: Another Data Point: Regarding my 3 applications for Business Credit Cards last month, I finally got my rejection letter regarding the Woodforest card I applied for (I was accepted for 2 other Biz cards) and the reason given was "-Already has maximum number of requested products" so looks like Elan has a limit of only allowing 2 Business Credit Cards altogether or potentially 2 applications done within a certain time.
Can you list which elan cards you have and which ones you got turned down for?
They have a bunch of cards, you just can't apply for the ones that are serviced by the same system. The only way to figure it out is if we compare the cards by name.
I'm sure we can have more than 2 elan card. Just which ones?
33 personal and 16 biz in the QS.
I got approved for 2 Usbank cards last month, 1 SoleP, 1 LLC and M&T in Jan (I think), First nation bank (personal) and first national Biz (SoleP).
Maybe I'm wrong but that is 5 Elan cards in about 5 months.
unless 1st national bank of Omoha is different? it's confusing.
B0HEMIAN
Ancient Member
posted: Apr. 5, 2008 @ 7:53p
applied but decision was deferred. is there any number I can call to find the status?
jevon90
Addicted Member
posted: Apr. 5, 2008 @ 11:04p
win333 said: jevon90 said: Another Data Point: Regarding my 3 applications for Business Credit Cards last month, I finally got my rejection letter regarding the Woodforest card I applied for (I was accepted for 2 other Biz cards) and the reason given was "-Already has maximum number of requested products" so looks like Elan has a limit of only allowing 2 Business Credit Cards altogether or potentially 2 applications done within a certain time.
Can you list which elan cards you have and which ones you got turned down for?
They have a bunch of cards, you just can't apply for the ones that are serviced by the same system. The only way to figure it out is if we compare the cards by name.
I'm sure we can have more than 2 elan card. Just which ones?
33 personal and 16 biz in the QS.
I got approved for 2 Usbank cards last month, 1 SoleP, 1 LLC and M&T in Jan (I think), First nation bank (personal) and first national Biz (SoleP).
Maybe I'm wrong but that is 5 Elan cards in about 5 months.
unless 1st national bank of Omoha is different? it's confusing. Yeah I applied for M&T Business(approved) Cambridge Trust Business(approved) Woodforest Business(Rejected due to too many products)
cardjuggler
Senior Member
posted: Apr. 6, 2008 @ 4:34a
win333 said: [Maybe I'm wrong but that is 5 Elan cards in about 5 months.
unless 1st national bank of Omoha is different? it's confusing.
B0HEMIAN said: Do you happen to know how long does it take for usbank to pay the other card? My last leg of 0% on the other is due paying off in 20 days.
Did my A0R on 3/26 with 4 BTs to US Bank Linux - Chase, Citi x2, and Lowes (GE). BTs showed posted on 4/2 on US Bank website. Chase received payment - trans date 4/5, post date 4/6. Citi and Lowes haven't showed payment yet.
9 business days minimum, IME. You should be good with 20 days.
lhendricks92
Senior Member - 1K
posted: Apr. 7, 2008 @ 12:55p
dougneb said: B0HEMIAN said: Do you happen to know how long does it take for usbank to pay the other card? My last leg of 0% on the other is due paying off in 20 days.
Did my A0R on 3/26 with 4 BTs to US Bank Linux - Chase, Citi x2, and Lowes (GE). BTs showed posted on 4/2 on US Bank website. Chase received payment - trans date 4/5, post date 4/6. Citi and Lowes haven't showed payment yet.
9 business days minimum, IME. You should be good with 20 days.
cardjuggler said: win333 said: [Maybe I'm wrong but that is 5 Elan cards in about 5 months.
unless 1st national bank of Omoha is different? it's confusing.
FNB Omaha is not Elan; see the CC issuer FAQ
I thought FNBO has something to do with elan??? Who am I confusing this with??
B0HEMIAN
Ancient Member
posted: Apr. 12, 2008 @ 12:39a
Applied 4/2. Called the # on the app webpage on 4/8. Was told to call another # (800-???-1444, don't remember). Rep said it has been approved with 15K CL, the BT request of 8.7K was processed and check would be mailed out 4/11. The other card due is 4/22 so it should be fine.
lhendricks92 said: dougneb said: B0HEMIAN said: Do you happen to know how long does it take for usbank to pay the other card? My last leg of 0% on the other is due paying off in 20 days.
Did my A0R on 3/26 with 4 BTs to US Bank Linux - Chase, Citi x2, and Lowes (GE). BTs showed posted on 4/2 on US Bank website. Chase received payment - trans date 4/5, post date 4/6. Citi and Lowes haven't showed payment yet.
9 business days minimum, IME. You should be good with 20 days.
I just got my new card in the mail today (personal, CL $10k). If I apply for another one right now (business, or personal), what are my chances for getting approved for another $10k? If I understand correctly, all these cards are from the same bank (US Bank)?
I'm surprised and disappointed the initial CL was so low.
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