Its time to get started on round two. I may be shooting my wad a bit prematurely, as my last A0R was last October, but all inquiries are bumped, EXP is frozen (so getting approvals may take some time if I have to unfreeze it for anyone) and no inquiries will fall off in the next month anyways, and frankly I need something new to distract me right now.

My only concern is that I have 8 accounts that are 11 months old, so I might get flagged as having too many new accounts.

As before, I own a legit, operating C-Corp and will be applying for Biz cards under the corporate name/TaxID.

Household Income - $80,000
Business Revenue - $300,000

Credit Scores via PrivacyMatters-123:
TU: 750
EQ: 766
EXP: unknown (EXP frozen so PM123 cant update it, last score was 668 back in April. I'd ballpark it at 690-700 right now)

Scores include reported balances totaling $55,000, which will be paid off before applications are submitted.

No inquiries on TU or EQ, EXP will show about 20 (the most recent 7 being 11 months old) if someone insists on pulling it.

Goal is to pay HELOC back down to $0 (from $60k), and acquire $50-$75k cash between personal and biz accounts to put into savings accounts/CDs.

Existing Open Accounts (includes both personal accounts and corporate accounts):

Card                 Limit      Date Opened
AMEX Blue Cash       $20,000    8/03
AMEX Blue            $ 7,000    8/03 (per credit report)
Bank of America Plat $24,400    10/07
Bank of America Plat $ 1,000    9/03
Bank of America AAA  $   500    7/03
BofA Elite Rewards   $ 1,000    8/03
BofA Personal LOC    $10,500    8/03
Chase Disney         $ 1,000    10/06
Chase Sony           $21,000    10/07
Citi AT&T            $   500    10/07
Citi Professional    $10,000    10/07
Discover Card        $ 1,502    8/95
Hooters Card         $ 9,750    10/07
Juniper Nat Parks    $ 7,700    10/07     (increased to $22,900 via Bank Atlantic Biz reallocation)
Key Bank             $ 4,000    8/06
Key Bank Pers LOC    $10,000    9/03
Nat City Lifespring  $11,000    10/07
US Bank Baylor       $18,000    10/07
Wachovia             $ 5,000    2/07
(report is littered with misc closed accounts as well)
BIZ CARDS:
Advanta Biz          $12,500    
AMEX Blue Cash Biz   $ 5,000    
AMEX Plat Biz        $20,000    
Bank of America Biz  $20,000    
Bank of America Biz  $17,750    
Bank of America Biz  $24,000    
Bank Atlantic Biz    $15,200    (now closed, line moved to National Parks card)
Chase Biz Cash Rew   $ 1,000    
Chase GM Biz         $18,000    
Citizens Bank Biz    $ 5,000    
CitiBusiness         $15,000    
Citi PremierPass Biz $10,000    
Discover Biz         $22,500    
National City Biz    $ 9,000    
HSBC Biz             $ 5,000

Card                        Promo   Fee   Perks
Wachovia Biz (over phone)   0/12    none
Bank Atlantic Biz           0/15    $75
Chase Biz Rebate            0/12    $99   $40 via cardselection.com
CitiBusiness                0/12    none  15,000 TYPs
Citi Associated Bank        0/12    none
Citi Amex                                 15,000 TYPs, 3%/5% rewards for 2 years
US Bank ProBull             0/12    none
Bank of America Platinum    0/12    none
Chevy Chase Biz             0/12    $75
Chase Platinum              0/12    $75   $25 via cardselection.com
Citi AT&T Biz               0/12    $99
M&T Bank Biz                0/6     none
HSBC Biz                    0/6     none
National City Biz           0/6     none
Wachovia                    0/12    $75

Juniper I Fly               0/12    $50    $15 w/purchase
Eastern Bank Biz (Barclays) 0/12    $75
Discover More               0/12    $75    free digital camera
Cambridge Trust Biz         0/6     none
UPS Store Biz (Chase)       0/12    $75

I'll reallocate my Juniper/Barclays lines to the new Bank Atlantic card, so the I Fly card would just add another new account on my credit report. Word is only one Barclay's Biz card allowed at a time, so Eastern Bank is out (although I might try it at the end to see what happens). And I already mentioned excluding Discover, although I might apply for the camera once the Biz card balance is paid off in November. Moved UPS Store and Cambridge Trust to 'maybe' list in agreement with markkundinger's opinions.

BT stretegy includes reallocating/consolidating accounts to allow for a single, large limit on Bank America Platinum, Chase Platinum, Citi Associate Bank, CitiBusiness, Chase Business Rebate, US Bank ProBull, and Bank Atlantic Biz. Wachovia Biz, M&T Biz, Cambridge Biz, and HSBC Biz will also be utilized assuming their limits make it worthwhile.

BT money will be cashed out via welcome checks/ACH deposits when available, pushed to my HELOC if needed, or filtered through a Citi account (Bank Atlantic).

Citi AMEX is included for the 15k TYP bonus, and to be my spender for the next year. Once the dust settles, I will also revisit Google Checkout, as 3% return is higher than the 2% GCO fee. Yes, the net is only 1%, but at a steady $2k every 4-5 days (my transaction rate per account last fall) that'd net ~$1500 profit over a year for minimal effort.

Should I drop the Chevy Chase Biz and UPS Store Biz cards, as they are also issued by Chase? I think I will gain minimal new limits from them on the personal side, but I dont know about the Biz side. These can be reallocated to other Chase cards, correct?

Will US Bank reallocate? Do they even allow multiple accounts?

Anyone know of any Biz cards from other issuers that have 0% BT promos? I'd like to add 3-5 more apps, but dont want to add any more personal accounts.

markkundinger said:Why do the heloc advance so early? I'd be tempted to do it more like around 9/10.I'm going to draw on the HELOC the day prior to sending pay-off payments. HELOC is BofA, checking account is BofA, and all payments will either be pushed or pulled from BofA checking, so the whole process can be completed, from HELOC draw to all credit card balances at zero, within 3 days. I want to do it now, as most of my accounts have statement-closings at the end of the month, and are typically updated on their own the first week of the month. This will minimize the number of accounts I have to dispute (and the length of time I have to wait) to get everything updated with a zero balance.

markkundinger said:Right now, you probably have a lot of cards that are both very new and have very small credit limits. It probably wouldn't hurt anything to close/consolidate this with older, bigger cards, just as cleanup.Believe it or not, it is rather cleaned up. My personal BofA cards (except the newest one) all have ex-MBNA billpay, so I'm reluctant to close any of them. I want to leave Chase and Citi an extra account hack at if they get the urge, and I'm hoping to get a capped BT offer on one of my BofA Biz cards before consolidating them. Not too many other consolidation options. The Bank Atlantic and Citi PremierPass Biz will be closed soon, as will the National Parks card after reallocating to the new Bank Atlantic card, Sony card after reallocating, newest BofA Platinum after reallocating, AT&T card, etc.

jackcrawfish said:
Will US Bank reallocate? Do they even allow multiple accounts?I'm unfamiliar with reallocation, but I am almost certain they do not approve for more than one...other members??? data points?I saw in SecondCor521's March A0R he both successfully reallocated with US Bank, and used an existing account's limit to establish a new account ("shiftage", in his words).

as for closing the National Parks card after reallocating to the new Bank Atlantic card... Why close when you can leave it open as a 3.0 destination for your 2.0 used Bank Atlantic line? (rinse and repeat).Good point, I prob will leave it alone with a minimal limit.

jackcrawfish said:(a) wait to apply for Bank Atlantic card because within 4 weeks TU will see bumpage The problem with this is that new accounts w/balances will have reported by then, and its likely Juniper will slash that $22,900 limit once they see the new balances so I dont want to sit on it too long. Their computer tried cutting my $7,700 limit last winter with similar outstanding balances.

Glitch99 said:App#7; US Bank declined; kind of expected, will call and attempt to 'shift' existing $18k limit to establish new account.US Bank has weekend hours (800-947-1444), so I called this morning.

At first, CSR said I had been declined because "Experian says you (I) have no credit" (thanks to the freeze, which I didnt mention). Immediately pulled someone else (Equifax)and said "Hey, there you are".

She asked how much I wanted on the new card; I said I wanted to do a $15k BT, so $17-18k would be nice. She reduced my Baylor card from $18k to $2k, in order to allow for a new $18k card (net gain - $2k). Said it has to run through their 'verification department' first, but should be all set in 3-5 days.

I know I can do the same with BofA this weekend, but they tend to report new accounts really quickly so I'm going to wait until I get the other apps (namely Citi and Bank Atlantic) processing on Monday.

POTENTIAL DATAPOINT, TIP, AND/OR TRICK:

So I update PM123 this evening, and what do I find? After having given Citi my PIN to access EXP because they refused to pull anyone else, I now have 3 TRANSUNION inquiries from Citi.

EXP remains untouched.

Chase pulled Equifax once and TRANSUNION once, on their own. With 3 Chase apps pending, not sure what was for what (1 pull for 2 biz apps?). And they both show as "Chase", not FirstUSA or any other alias.

And of course, the obligatory TU inquiry from Barclays from my Bank Atlantic approval.

Inquiry count - 5 TU, 5 EQ (Including the 2 Schwab inquiries I've disputed). Couldnt have worked out any better.

BofA app is the only one that hasnt pulled. Will try to give them my EXP PIN tommorrow, as I think that's the cleanest report as of now with 8 11-month-old inquiries (19 total), as opposed to 5 1-day-old inquiries on both EQ and TU. I'm tempted to pay the $5.61 to unfreeze it for a week, just so PM123 can pull it and generate a score to compare with the other two.

All accounts are in, and the cash-out is complete.

New balances:

Card:                Balance/Limit
Citi Professional     $8,000/$10,000     12 months/no BT fee (offer on card from 10/07 A0R)
US Bank PBR          $15,000/$18,000     12 months/no BT fee
Bank of America      $22,000/$24,400     12 months/no BT fee
Bank Atlantic Biz    $20,000/$21,000     15 months/$75 BT fee
Chase Rewards Biz    $71,800/$72,000     15 months/$99 BT fee
M&T Biz              $15,000/$15,000      6 months/no BT fee
Citi Plat Biz        $15,000/$15,000     12 months/no BT fee (havent drawn this, waiting to
                                                              coordinate the end date 
                                                              w/15-month Biz offers)

Total               $166,800/$175,400

Personal Total (3 cards)    $45,000/ $52,400  (86%)
Unused personal limits              $116,650*
Overall Pers Util.          $45,000/$169,050* (27%)
*Does NOT include $89,000 HELOC with zero balance, which may or may not contribute to utilization calculations

Promos/Bonuses     30,000 TYP ($300)
                   $30 cardselection.com
                   3%/5% rebate on Citi AMEX for 2 years

Biggest surprise was BofA clearing the $71,800 Chase welcome check the next day.... The cash was transfered to my HYSA before it even posted to the Chase card.

Now if I could only get a capped-fee offer on any of my three BofA Biz cards ($61,750 combined limit).....