redteamgo's AOR 2.0 - early results in...

AOR v2.0 (1.0 was not documented)

Goal: Get as much 0% BT money as possible and reallocate significant portion of personal lines to business cards. Obtain as much bonus money/points as possible.

Stats:

HHI: High five figures
FAKOs: 775(TU) 771(EX) 762(EQ)

Existing accounts (at or near zero balance):

Personal Cards
AMEX Blue Cash________________22,000
AMEX IN: Chicago_______________20,000
Bank of America WorldPoints______25,000
Chase Freedom_________________26,000
Citi Professional__________________4,000
Discover________________________5,000
Discover Miles___________________8,000
WellsFargo_____________________10,000

Business Cards (Sole Prop.)
Chase GM Business_____________25,000
Citi Business Platinum Select______5,000
Adanta_________________________5,000

Pre-App:
120K Personal
35K Business

Proposed Applications:

Business
1 - Advanta Platinum with Rewards 0%, 15 months, $90 fee, $30 CS Deferred -Can only have one card...will have to decide/call
2 - Amex Starwood Business Not for BT, 10K Starwood Points Approved, 3,000
3- Juniper Bank Atlantic Rewards Business Card 0%, 15 months, $75 fee Approved 20,000
4 - Chase Business Cash Rewards Card 0%, 12 months, $99 fee, $35 CS Deferred
5 - Chase Business Rebate Card 0%, 12 months, $99 fee, $35 CS Deferred
6 - BofA Business Power Rewards 0%, 9 months Deferred
7 - Citi Business 0%, 12 months, $0 fee, 15K TYP Deferred - Approved 7,500
8 - Citi Business PremierPass 0%, 12 months, $0 fee, 15K TYP Deferred - Approved 6,000
9 - Discover Business Card 0%, 12 months, $75 fee, $40 CS Deferred - Approved 5,200
10 - M&T Bank Visa Business Platinum Rewards Card 0%, 6 months, $75 fee Approved 10,000

Personal
11 - AMEX Starwood Personal Not for BT, 10K Starwood Points Approved 15,000
12 - AMEX IN: LA 0%, 6 months, $0 fee Deferred, Approved
13 - BofA NEA Rewards 0%, 12 months, $30 fee Approved 8,000
14 - Chase Sony Not for BT, $100 after $300 purchase Deferred
15 - Chase Platinum Visa 0%, 12 months, $75 fee, $25 CS Approved
16 - Citi Amex Platinum Not for BT, 15K TYP Approved 15,000
17 - Citi Associated Bank 0%, 12 months, $0 fee Deferred
18 - National City Lifespring Health Everyday Rewards Visa Platinum 0%, 12 months, $0 fee Didn't Apply
19 - USBank Baylor Alumni Association Visa Platinum Card 0%, 12 months, $0 fee Deferred
20 - Juniper National Park Foundation Platinum Visa 0%, 12 months, $50 fee Approved 10,000
21 - CitiProfessional...too lazy to add link. 15k TYP. Deferred - Approved 6,000

Any recommendations on additional cards? Can I reallocated my personal Discover lines to the business line?

I'm looking to pull the trigger on this either 3/23 or 3/24.

Seems like a solid list. You're missing the ever-popular BankAtlantic business card. And if you do that, you might as well apply for a juniper/barclays personal card, and then you *might* be able to reallocate more credit to the biz card (via the juniper personal rep).

And remember that Capital One is going to hit all three credit bureaus with inquiries.

SecondCor521 said: I think I have listed in my A0R pretty much all the best current deals on FW for someone like you here. Pick and choose the ones you want. The links were all valid as of about 20 days ago; a few of them may have expired but most should still be good.

I had an existing Discover personal card; I applied for one new Discover personal and one new Discover business and was approved for both via a mixture of new credit and shiftage from my existing card. Discover new accounts sent me a letter saying they had shifted credit line and if I wanted it rearranged I could call them. I did move all my credit to my new Discover business card by calling them. It was extremely easy and showed up online instantly.

ETA: The Discover CSR did say with a great deal of conviction that I could reallocate P->B but once I did that I couldn't reallocate back B->P. Since I'd prefer to use business credit this was fine with me, but others might feel differently.

2Cor521

Isn't that "Discover Business Card" appears on personal credit file? I got this information from some posts here. If that is the case, it seems to me that there is no advantage using business credit instead of personal credit?

I believe it is a very good list for AOR.

I would also copy the list of chase apps fromVenturions AOR list.

no citi professional?

FYI I saw you scrapped applying for the M&T Biz Card, but they do offer $0 BT fees, not $75 with this app.
Good luck

Discover biz shows on my personal.

I read somewhere you can have more than one Citi Professional.

TyroneSchulace said: Discover biz shows on my personal.

I read somewhere you can have more than one Citi Professional.

Mine doesn't via my PM123 Report. Has it always done that for you? or just recently? How long have you had the card?

Great info seniorfrugal on the Citi Platinum Am Ex to Diamond Preferred reallocation! I may be attempting similar move myself here soon.

Congrats on the 2nd CITI Pro. I'm curious how the CL on the new one compares to the CL on the old one ... also, I presume you're going to try to reallocate the old one onto the new one (after meeting the requirements of the 15K TYPs) -- please let us know how that goes.

To cash a check and to deposit one are two different things. A bank should be happy to receive a deposit (esp. in a zero-interest checking account) as they stand nothing to lose. They do put holds of various length on large-and-risky deposits, but the worst I've come across is Wachovia putting a 10-day hold on a $44K check. They did offer to move money over to a MMA though, so that I don't go elsewhere not to lose 10 days of interest.

Generally, the longer you history with a bank is, the shorter the holds. I don't seem to have any holds for any amount and regardless of how money comes into my checking account (ACH, check, DD, etc.) with Chase.

redteamgo said: I'll update my original post in the next few days. Right now I am wondering about FW'ers experiences depositing superchecks.

I have consolidated my chase line and need to deposit 60K+ and WellsFargo gave me grief tonight and said that they would charge $12+ fee, send the check to collections, and it could take 90 days to deposit (obviously I could care less about the fee, but I am not letting a bank sit on a 60K+ deposit for 90 days).

I deposited AOR 1.0 superchecks at WellsFargo and the only issue I had then was needing to go into the branch to deposit (I initially put them in the ATM and had them mailed back to me, they were ~$20K). Does anyone know of banks that will just do their job and deposit the money?

Thanks!

Edited to clarify that the money is to be deposited, not cashed.

I put 40K checks in suntrust all the time, if my balance is low the WOMAN wants to put a hold on it. I tell her they have never put a hold on any of my checks, then she wispers with someone else and it goes thru.

I would talk to the manager, if they don't see eye to eye pull your funds with a cashier check.

I won't put up with it!

EDIT: Tell the manager there is a law called check 21, learn it.

Thanks for the advice guys. I'll just mail the check to one of my HYS accounts.

win333: I would talk to the manager and then pull my money but that wouldn't really threaten them much and I don't want to waste anymore time there. As others have said, WF is a crap bank for holding money in so I keep very little there and only use them for their ATM access.

ahself: Thanks for the #, I'll give it a try.

Wait, aren't "superchecks" Wells Fargo credit card checks? And a Wells Fargo branch wanted to send it to collections? That's just retarded.

In general, if you're looking at a week or more hold on a deposit into a no-interest checking account, you're often better off depositing it directly in the HYS... even if that means mailing a check.

But still, this is where I'm a big fan of brokerage accounts (Fidelity and Schwab from personal experience). I can deposit checks at a local branch, funds are available for investments instantly, and generally avaialble for withdrawal in about 3 business days. Plus, the brokerages offer superior ACH features.

jevon90 said: TyroneSchulace said: Discover biz shows on my personal.

Mine doesn't via my PM123 Report. Has it always done that for you? or just recently? How long have you had the card?I just got it in '07. Man, this one almost screwed up the last third of a slow AOR. I was thinking it wouldn't show, so I put it in the first group. I had already BTed, then it showed up as a new acct! I'm just lucky everything else got approved before the balance showed.

1 - Advanta Platinum with Rewards 0%, 15 months, $90 fee, $30 CS Deferred -Can only have one card...will have to decide/call

$30 CS = Card Selection - OP gets $30 from cardselection.com for using their link. Deferred means that OP wasn't instantly approved.