Citi only allows one card per business so you can't have 2 citi aa bus mc.
But you can have a mc and visa.

jackcrawfish said:Only one thing I'm concerned about...will the $24000 BT post to CASH Returns card with uncapped 3% fee $720!!

No, you won't be charged a BT fee. It will just show up as a 24k purchase on the CashReturns. But don't get too excited when you see that because it, unfortunately, doesn't count like a real purchase for the 5% Cash Back.

jackcrawfish said:crap...

I was excited to fund a savings account with a CASH Returns credit card but I've confirmed with multiple CSRs and other sources that the technical issues where CASH Returns card funding transactions were posting as purchases have been corrected. Now any funding ideas I had have been squashed because these will post now as a cash advance and incur a 3% uncapped fee...

what a crock...

Yikes I sure hope that is not true. I have a big one in process now. It hasn't posted yet, but it is subtracted from my available credit now. I should be able to tell if it goes through as a cash advance in a day or so. Even if it does go though as a purchase, they could recode it as a CA later.

Between Mrs. J and I, we've got over 100k now at Mrs J's shiny new 4.76% Everbank account with a few more straggler BTs still forthcoming.

I faxed an app (no funding yet) for ebank's 5% 9 month CD on 9/8/2008 and called today because online the rate had dropped from 5.00% to 4.06%.

Rep said they will still honor deposits posting "in the very near future."

5.00% lock seems good for 9 months... perhaps I'll put 70% of it in the CD and keep some for adverse action and regular payments...

I'm not messing with reward checking accounts as for me the balance caps and transaction requirements are too prohibitive, IMO.

bas2000 said:hey jackcrawfish, did you get any of the new Barclays credit cards? I applied for 3, the Farm Bureau, Juniper Biz and Bank Atlantic Biz. They gave me all three cards then canceled one of the biz cards since they said you can only have one on your account.

The Farm Bureau is easy to get the funds, just deposit the included BT check.

The Biz cards are difficult and they won't send me a BT check nor deposit into my bank account. They said they will only transfer to another CC...

I wonder what's the best way to get the biz card funds? All my credit cards seem to charge at least $50 to $99 for a BT checks.

Thanks

You can BT to a card that already has a balance from a BT, and then use the same method you used to get BT from the 2nd card again. For me, I did a BT direct deposit from BOA, then BT from bank atlantic to BOA, and then DD from BOA again. And yes, a lot of cards these days have a $50 to $99 fee. There are still some with no fee, but the fee is justified as long as its capped and you end up on top.

jackcrawfish said:markkundinger said:jackcrawfish said:I was denied my Wells Fargo application initially. Wells Fargo credit analysts stated the credit policy is to only allow one card at a time. After confirming reopening was possible, I asked to close my $16,500 existing line to try and take advantage of an excellent BT offer on the new application. The credit rep said wait a few days for their decision on the new application.Interesting jack, and I may have missed it before but how long had the old card bene closed? i've got one that's been closed a few months. Do you know if "reopening" would require a hard inquiry? do you have a number for WF's credit ninja department?I applied while my first card was still open to test their policy of 1 card per person. Per my multiple card research, I was told:You usually can have only one Wells Fargo credit card account with you as the only cardholder.

You can close you account one day and submit an application the next dayWhen I called for the status of my application the credit rep confirmed their policy of 1 card per person. It was during the app status call that I requested closure of my existing 16500 card. (To your question regarding hard inquiry for reopen): I asked, "If I close my existing card (so that the new application can be considered) and I am denied, can I reopen the closed card without a hard inquiry?"

Her response was, "if the request to reopen is within 60 days of closure, a hard inquiry is not needed."

Frankly, I don't believe Wells would deny my new application and then reopen my closed line without a hard review.

YMMV


edit: 800-967-9521 is direct line to credit departmentWhen I logged in to Wells online I can see my new card with a 8000 credit line and a closed card with a zero credit line... hmmmmm...

I decided to call to request re-open of my closed AOR1.0 line. I was told a request would be made for a "re-open review" to a manager and that someone would call me within 24 hours.

Within 4 hours, I received a call approving the reopen request of my old Wells card. The person identified herself as being from the "Wells Fargo executive office." I checked online and saw that my old credit line has been fully reinstated (16,500). woo hooooo!

I'll call to request credit line reallocation or consolidation to my newer Wells card and report my results here later (Wells new BTs are free during the 1st 30 days from new account opening). I've already drawn 7000 of the new 8000 card... I'll see how reallocation goes.

ya, that'll show them for the $15 fee. Unless of course they catch you before the wire transfer takes place and you end up paying an overdraft fee for $96,500.00, hahahah.

jackcrawfish said:jackcrawfish said:markkundinger said:jackcrawfish said:I was denied my Wells Fargo application initially. Wells Fargo credit analysts stated the credit policy is to only allow one card at a time. After confirming reopening was possible, I asked to close my $16,500 existing line to try and take advantage of an excellent BT offer on the new application. The credit rep said wait a few days for their decision on the new application.Interesting jack, and I may have missed it before but how long had the old card bene closed? i've got one that's been closed a few months. Do you know if "reopening" would require a hard inquiry? do you have a number for WF's credit ninja department?I applied while my first card was still open to test their policy of 1 card per person. Per my multiple card research, I was told:You usually can have only one Wells Fargo credit card account with you as the only cardholder.

You can close you account one day and submit an application the next dayWhen I called for the status of my application the credit rep confirmed their policy of 1 card per person. It was during the app status call that I requested closure of my existing 16500 card. (To your question regarding hard inquiry for reopen): I asked, "If I close my existing card (so that the new application can be considered) and I am denied, can I reopen the closed card without a hard inquiry?"

Her response was, "if the request to reopen is within 60 days of closure, a hard inquiry is not needed."

Frankly, I don't believe Wells would deny my new application and then reopen my closed line without a hard review.

YMMV


edit: 800-967-9521 is direct line to credit departmentWhen I logged in to Wells online I can see my new card with a 8000 credit line and a closed card with a zero credit line... hmmmmm...

I decided to call to request re-open of my closed AOR1.0 line. I was told a request would be made for a "re-open review" to a manager and that someone would call me within 24 hours.

Within 4 hours, I received a call approving the reopen request of my old Wells card. The person identified herself as being from the "Wells Fargo executive office." I checked online and saw that my old credit line has been fully reinstated (16,500). woo hooooo!

I'll call to request credit line reallocation or consolidation to my newer Wells card and report my results here later (Wells new BTs are free during the 1st 30 days from new account opening). I've already drawn 7000 of the new 8000 card... I'll see how reallocation goes.WOOOOOO HOOOOOOOOOOO!!!!!!!!!!!!!!!

I just got off the phone with Wells Fargo. They consolidated 16500 AOR1.0 card limit into 8000 AOR2.0 card limit (online viewable AOR2.0 limit now 24500).

Furthermore, since I was still within the 1st 30 days of my AOR2.0 card life, they were able to ACH $13000 to checking for no fee. I'll update the CC ISSUER FAQ soon.

edit: Issuer FAQ details

here's another Barclay's datapoint for you. Pay attention to the dates. I applied on 8/22/2008 for a Farm Bureau Bank card:

I received an adverse action letter last week dated 10/17/2008 which thanked me for applying for the Farm Bureau Bank card. They were unable to approve me due to

"Sufficient credit available ...."

Reg B states "Notification of action taken, ECOA notice, and statement of specific reasons —(1) When notification is required. A creditor shall notify an applicant of action taken within 30 days after receiving a completed application concerning the creditor's approval of, counteroffer to, or adverse action on the application;"

Mrs J received two letters from Barclays also (Best Western and I Fly cards).

Upon call in (866-408-4064) I was told there were several letters which failed to go out (computer issues I was told). This 10/17/2008 letter was merely a formal notice of denial...

What would codename47 do with this information?

I never received a card from Barclays for my Farm Bureau Bank application.

Per
FTC Practice and Procedure Manual
on the web:

...civil penalties of up to $11,000 per violation...through actions brought in federal district court

Although codename47 might make out filing suit in federal court to be a simple process, it's probably not worth the hassle.