Does anyone know, or have an opinion as to whether I apply for either the BofA Platinum Plus MC or the BofA NEA card, and then reallocate available lines from my other BofA cards.

I've got 3 cards with BofA and it reads that all three are Platinum Plus VISA cards. (Though I'm pretty sure one of them is a Visa World Points.)

Point being, since they are Visa, it might not let me reallocate the lines to the Plat Plus MC even thoguh they are all BofA cards.

I could call and ask the CSR of course, I just figured I'd get a more accurate answer here. Those people will prob just make an answer up.

The reason for this, is if they approve me, and only give me 3 or 4K, I want to move about 5 - 10 K from those others are to make the line larger, and THEN BT about 8K - 10K over from AMEX.

RhizzleBop said:Does anyone know, or have an opinion as to whether I apply for either the BofA Platinum Plus MC or the BofA NEA card, and then reallocate available lines from my other BofA cards.

I've got 3 cards with BofA and it reads that all three are Platinum Plus VISA cards. (Though I'm pretty sure one of them is a Visa World Points.)

Point being, since they are Visa, it might not let me reallocate the lines to the Plat Plus MC even thoguh they are all BofA cards.

I could call and ask the CSR of course, I just figured I'd get a more accurate answer here. Those people will prob just make an answer up.

The reason for this, is if they approve me, and only give me 3 or 4K, I want to move about 5 - 10 K from those others are to make the line larger, and THEN BT about 8K - 10K over from AMEX.

If you read the reallocation thread, BOA is one of the easiest to move CL around. I don't know about which card is better for you, but Platinum MC has no fees while NEA has a $30 cap.

BT dept directly for BOA: 866-229-8607

Supposedly, elves work there and they always grant your reallocation wishes. I've never tried as this is my first BOA card.

PoisnBGood said:ahself said:PoisnBGood said:Hmm, I was under the impression that 49% overall util was enough. So there is a 49% overall and 89% per card rule? If that's the case, I will lower the others and take out more from NEA Visa card. Is there a rule like that for Biz cards?90% is definitely a threshold you want to watch out for. Most (all?) of us try to stay under 90% on each personal card. Some go over that for Biz cards since they don't show up on your personal credit report. However, I like to stay under 90% for those as well, mainly so that I don't draw any additional attention from the issuer.Ok, thanks for the tip. It's too late for Discover and Associated Bank since I already made the requests. I will pay off the extra on my first statement and stay below 90% on all of them. Any other opinions on the Biz card? Is going over 90% dangerous?green for ahself's response regarding the 49/89 comment...

In most cases of adverse action, it is caused by personal card usage/utilization - not biz card utilization. Therefore, I recommend going to 99% for biz cards.

PoisnBGood said:jackcrawfish said:PoisnBGood said:ahself said:PoisnBGood said:Hmm, I was under the impression that 49% overall util was enough. So there is a 49% overall and 89% per card rule? If that's the case, I will lower the others and take out more from NEA Visa card. Is there a rule like that for Biz cards?90% is definitely a threshold you want to watch out for. Most (all?) of us try to stay under 90% on each personal card. Some go over that for Biz cards since they don't show up on your personal credit report. However, I like to stay under 90% for those as well, mainly so that I don't draw any additional attention from the issuer.Ok, thanks for the tip. It's too late for Discover and Associated Bank since I already made the requests. I will pay off the extra on my first statement and stay below 90% on all of them. Any other opinions on the Biz card? Is going over 90% dangerous?green for ahself's response regarding the 49/89 comment...

In most cases of adverse action, it is caused by personal card usage/utilization - not biz card utilization. Therefore, I recommend going to 99% for biz cards.

Alright, in that case, I'm gonna use my Citi biz to BT to all the accounts I went over to bring the Util back down. Then take out whatever is left. Thanks a lot jackcrawfish for keeping up with my thread. You've been such a huge help. Hopefully I will gain experience from this AOR and help out others in the future as you have.My pleasure (usually).

Listen... I apologize if at times I was short (in your thread and my grumpy day)

After reading through my own AOR1.0, I was humbled to discover I asked many questions too (sell on E-Bay?; Will AMEX FR me?; Veteran's blessing?)

Pay it forward...

So one month later, all the BT money is in my bank, and I'm done. $107,780 in free money to get interest on. I bought 2 WAMU CDs of $25k each. Put another $25k in a rewards checking. And the final $25k+ is in a WAMU savings account waiting to pay off the minimal payments. I also paid off my car.

This has been a trying but fun experience. I learned a lot along the way, and I posted it in the OP so other can learn from me as I have learned from those before me. I plan to do an AOR for my wife in maybe 6 months, and then another one for myself a year from now. I think until I decide the credit crunch makes the effort too much for the profit, I will continue to do this.

Again special thanks to jackcrawfish for holding my hand through this whole ordeal. This would not have been nearly as successful without the guidance of an expert.