Update: All cards are paid off. Made about $2000 in cash before taxes. Closed Citi Cards used in the AOR because reading various threads, Citi has a maximum number of cards they will issue per person, and a maximum credit limit they will let you have based upon your household income. On 8/18/2008 I pulled all 3 of my credit reports from annualcreditreport.com and disputed all trade lines with all 3 agencies. Waiting a week for the credit cards to update with the agencies and all balances to report 0. Then I will apply for all the cards on AOR 2.0.
Goals: To get as much money as I can to put in FNBO, HSBC, and Emigrant Direct to collect interest on.
Planning stages: Household Income is $42,600. I'm single, 29, live alone, work in state government in IT. Cash on hand in Amboy Direct is $6000. Signed up for bonus $75 BofA checking account http://www.fatwallet.com/forums/finance/841510?highlight_key=y&keyword1=%2475. Comments in thread said if you use your BofA login when signing up, it is a soft pull.
Existing cards from the AOR: Bank of America Platinum Plus MC with $21,400 limit BankAtlantic Business MC with $15,000 limit US Bank Baylor Alumni Visa with $15,000 limit Chase SonyCard Visa with $21,700 limit Discover Miles Card with $4100 limit National City Visa with $7500 limit Kroger 123 Rewards MC with $12,500 limit
Existing Cards not from AOR: Chase Platinum Visa with $2700 limit (oldest card, from 2004) Chase Freedom Visa with $500 limit (got it for a sign up bonus, reallocated its limit to the Sony Style above) Chase Rewards Plus Visa with $6000 limit (daily spender, has a balance around $1500 I pay off monthly) Chase Cash Plus Rewards Visa with $8000 limit (use at sams club and incase Chase ever ends the RPV, $50 balance) Citi Diamond Preferred Visa with $6100 limit (has a $3069.31 balance at 0% for life)
Strategies: Apply for National City card first since they wait a couple of days before checking your credit and freak if they see a bunch of hard credit pulls on your report. After a few days then apply for the other cards. National City will do BT's over the phone.
Not sure who underwrites Coastal Federals CC's. Does anyone know? Worse comes to worse, I'll launder through a Citi card.
Only applying for AMEX card for the $100 gift card after first purchase.
Will Make purchases on Citi cards to satisfy the Thank you points requirements and then do a BT on the ones that have no BT Fee.
Discover sends BT checks a few days after receiving the card, or can send BT checks if you call. Will consolidate my current card to the discover more card. Getting the other discover card for the free digital camera and then will sell my current Canon A570is on eBay.
Going easy on Chase because I don't want to lose my rewards cards with them. Will consolidate the SonyCard to the business card and move $2200 from my platinum Visa to the business card also. Chase does hard pulls on consolidations/reallocations.
US Bank will mail BT Checks to anyone with an account number, so I will have them mail directly to FNBO Direct.
As for the 2 Juniper Cards, they are underwritten by Barclay's, so I will consolidate the I Fly America to the Juniper Business Card, and consolidate my BankAtlantic card to the Juniper Business Card also. They will only mail BT checks to CC's, so I will launder it to Citi and request a refund from Citi.
Not sure if Wachovia will BT to checking or send checks, may have to launder through Citi.
For Bank of America, I will consolidate whatever credit limit I get on the NEA Card and my limit on my current MasterCard to the new Platinum Plus MC, and then do a BT to checking account over the phone.
Advanta will BT to checking over the phone or send checks, I can't remember which. I'll call them after getting card to find out.
To enter a coupon code in your post please enter the following info:
Coupon Code:
Coupon Offer:
Merchant:
Expires (optional):
Restrictions (optional):
saving...
Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.
Is it really worth the special scheduling for the Nat City quilter's card when it's only 6 months? (I don't know what their reconciliation story is).
Jackcrawfish just reported that it's a max of one biz card at Barclays. These are untested waters, but your juny biz app might have problems.
Advanta has been very... erratic lately, both in the credit lines they grant and in the revised terms and conditions on their cards (speaking rudely to a CSR can trigger a default rate... not kidding).
I don't think you can get two Citiprofessional cards at once.
In general, I think you've got too many citibank apps. In theory their allocation buckets may support the cards (except for Pro), but there's a chance that they're just to skittish to allow it.
Likewise, two simultaneous Discover More apps runs a chance of one getting canceled as a duplicate or something else weird happening.
Wachovia apps are phone unless you have a bank account, and most attempts to get a card in an AOR with them seem to have failed.
Instead of personal AXP Gold for 10k, MR points, how about a Biz Gold for 25k MR points? there is no rush at all on citibank BT's, since the clock doesn't start until you finally make the transfer. This is fine because reallocation can take so long.
Coastal looks like BB&T from the link. Don't know anything about either, check if you're in their lending area.
Will you use your true household income or exaggerate? I lie outrageously and no one has ever called me on it. I thought you pretty much have to if you want large lines.
Is it really worth the special scheduling for the Nat City quilter's card when it's only 6 months? (I don't know what their reconciliation story is).
Jackcrawfish just reported that it's a max of one biz card at Barclays. These are untested waters, but your juny biz app might have problems.
Advanta has been very... erratic lately, both in the credit lines they grant and in the revised terms and conditions on their cards (speaking rudely to a CSR can trigger a default rate... not kidding).
I don't think you can get two Citiprofessional cards at once.
In general, I think you've got too many citibank apps. In theory their allocation buckets may support the cards (except for Pro), but there's a chance that they're just to skittish to allow it.
Likewise, two simultaneous Discover More apps runs a chance of one getting canceled as a duplicate or something else weird happening.
Wachovia apps are phone unless you have a bank account, and most attempts to get a card in an AOR with them seem to have failed.
Instead of personal AXP Gold for 10k, MR points, how about a Biz Gold for 25k MR points? there is no rush at all on citibank BT's, since the clock doesn't start until you finally make the transfer. This is fine because reallocation can take so long.
Coastal looks like BB&T from the link. Don't know anything about either, check if you're in their lending area.
i think 6 months with the national city is worth the effort and applying early. And I think you're right about the Discover More cards. I'll drop the one with giving the camera and add a discover business card here and drop the Juniper I Fly America card and Citi Professional MC.
RudolfSchmidt said:Will you use your true household income or exaggerate? I lie outrageously and no one has ever called me on it. I thought you pretty much have to if you want large lines.
I will probably exaggerate. Last year when I did my AOR I had a gf living with me that made our combined income $80k.
Discover More Card 6 months, $75 BT Fee, free cameraIn my experience, it's actually 12 months 0% $75 fee + camera. You might want to scratch your first MORE card app and go with the camera offer one as Discover only allows 1 account every 10 monthsUS Bank Linux Card 12 months, $0 BT Fee when using offer code 45248 when doing the BT US Bank Irish Visa 12 months, no BT feePersonally, I think one USBank is enough as althes reportsPeoples Bank [RBS] Platinum MC 9 months, $60 BT FeeI was denied and as I understand CLR is not an option from RBS 123 Kroger cards
markkundinger said:Jackcrawfish just reported that it's a max of one biz card at Barclays. These are untested waters, but your juny biz app might have problemsFYI, if you do apply for the JuniperBiz, they very likely will reject the app even before pulling credit report - They use TU for most everyone I've seen so they're bumpable if that's of interest to you.
Selfishly, I'd love to see another data point besides Nummerkins for FW members... JuniperBiz is so new to us
jackcrawfish said:markkundinger said:Jackcrawfish just reported that it's a max of one biz card at Barclays. These are untested waters, but your juny biz app might have problemsFYI, if you do apply for the JuniperBiz, they very likely will reject the app even before pulling credit report - They use TU for most everyone I've seen so they're bumpable if that's of interest to you.
Selfishly, I'd love to see another data point besides Nummerkins for FW members... JuniperBiz is so new to us
so you think I should close my bank atlantic business card and then apply for a new Bank Atlantic Card instead of applying for the juniper biz card?
Squeezer99 said:Citi has a maximum number of cards they will issue per person, and a maximum credit limit they will let you have based upon your household income.
Just an FYI, the first part is incorrect. The second part is what limits you. I've had 9 Citi cards before. The only limits are on how many you can apply for at any given time. Good luck though, I'll be watching.
Squeezer99 said:jackcrawfish said:markkundinger said:Jackcrawfish just reported that it's a max of one biz card at Barclays. These are untested waters, but your juny biz app might have problemsFYI, if you do apply for the JuniperBiz, they very likely will reject the app even before pulling credit report - They use TU for most everyone I've seen so they're bumpable if that's of interest to you.
Selfishly, I'd love to see another data point besides Nummerkins for FW members... JuniperBiz is so new to usso you think I should close my bank atlantic business card and then apply for a new Bank Atlantic Card instead of applying for the juniper biz card?for those out there with an active Juniper/Barclays line, markkundingers steps are ideal:
Reallocate Bank Atlantic biz to the personal card
close the Bank Atlantic biz card
then get a new business card (Bank Atlantic or Juniper Biz)
Reallocate from personal to business.
for those out there withOUT an active Juniper/Barclays line, his steps can be modified:
close the Bank Atlantic biz card
When you get denied because of too much Barclays credit, call 866-408-4064 and ask them to move recently closed line in order to open new line
YMMV (I was told no by one of the Barclays credit analysts)
In my AOR Here Both Citi and barclays/bank alantic closed all cards within a month of the AOR due to "too many new accounts", "too much new credit". Be sure to take the BT's quick before they close the accounts.
and only one discover card.. they did not process the 2nd "duplicate app"
i applied for the national city quilters reward card this morning. I'll apply for everything else this weekend unless I hear back from national city before then.
tim1 said:In my AOR Here Both Citi and barclays/bank alantic closed all cards within a month of the AOR due to "too many new accounts", "too much new credit". Be sure to take the BT's quick before they close the accounts.
and only one discover card.. they did not process the 2nd "duplicate app"
So, my experience on Discover: Applied to biz card Applied to open road card Biz called to ask for more info, approval after call Checked online status to see Personal app was canceled as a duplicate Called Personal CSR to tell them I wanted both cards, because I want to split my biz and personal purchases CSR approved over the phone and said I can get a even higher CL if I prove my income
4 days later, I received 5 letters from Discover: Letter stating they need more info for biz Letter stating my personal app was canceled Letter stating I can get a higher CL if I prove my income for personal card Biz card Personal card
I have since activated both, signed on to see them both online, and faxed over my pay stub. I think that Discover will auto cancel the 2nd app because they THINK its a duplicate. But you can call to try and get both. Of course this is with a biz and personal, not sure about 2 personals.
Also, I was a AU on my wife's Discover More card prior to my AOR. Hope that helps anyone looking to score 2 Discover cards at once.
PoisnBGood said:tim1 said:In my AOR Here Both Citi and barclays/bank alantic closed all cards within a month of the AOR due to "too many new accounts", "too much new credit". Be sure to take the BT's quick before they close the accounts.
and only one discover card.. they did not process the 2nd "duplicate app"
So, my experience on Discover: Applied to biz card Applied to open road card Biz called to ask for more info, approval after call Checked online status to see Personal app was canceled as a duplicate Called Personal CSR to tell them I wanted both cards, because I want to split my biz and personal purchases CSR approved over the phone and said I can get a even higher CL if I prove my income
4 days later, I received 5 letters from Discover: Letter stating they need more info for biz Letter stating my personal app was canceled Letter stating I can get a higher CL if I prove my income for personal card Biz card Personal card
I have since activated both, signed on to see them both online, and faxed over my pay stub. I think that Discover will auto cancel the 2nd app because they THINK its a duplicate. But you can call to try and get both. Of course this is with a biz and personal, not sure about 2 personals.
Also, I was a AU on my wife's Discover More card prior to my AOR. Hope that helps anyone looking to score 2 Discover cards at once.
PoisnBGood said:Hate to burst your bubble, but the discover biz doesn't have a 0% on BT. It's 0% on purchases.
"Balance Transfers: 3.9% until the last day of the billing period ending during March 2009;* then the standard APR for purchases"
arg, thanks for catching that. T&C must of changed since i last bookmarked it. well that sucks, i can't find a 0% BT discover business card, just the personal ones.
Squeezer99 said:PoisnBGood said:Hate to burst your bubble, but the discover biz doesn't have a 0% on BT. It's 0% on purchases.
"Balance Transfers: 3.9% until the last day of the billing period ending during March 2009;* then the standard APR for purchases"
arg, thanks for catching that. T&C must of changed since i last bookmarked it. well that sucks, i can't find a 0% BT discover business card, just the personal ones.
They don't exist as far as I know. But the card does have a $40 credit offers rebate, as well as a $100 credit after spending $100 in 3 months. That's $140 for your effort. Plus there are ways to abuse the 0% purchase, such as funding checking accounts with it. I myself will be paying a $2k+ tuition bill with mine. Good luck.
Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.
