VerbalK's AOR Part Deux... DONE!!!!

Doh, it is 75 bucks. Well, this will count as my first eff up. Maybe it was a good idea asking for 14, since they gave me 24. Anyway, jack, that is how it happened. I applied. Checked the status link to see I was denied. Called a few hours later. The first CSR said she could remove some of my Nat Parks line to create the BA line. I told her to close it, which she did, and said that I would have a new line of 8??? on my new BA line. I asked about a CL increase, and she said typically I would need to utilize it for a month first. She then xfered me to a guy to verify some security issues. He then mentioned 24,000. I asked again and he verified. He then said my 14K BT was approved, and that I couldn't change it.

Oh well, if I pull out another 10K, that still only a .625 % fee... I'll live with that.

As far as BOA, I still don't understand. I plan on asking for my personal line, and perhaps my biz line to be reallocated, but didn't know if there is a particular rush to do so.

Gotcha... I called just now, and they don't have the new account in there system yet. I'll give it a few days. I never have had a problem laundering through Citi, and I think all the rest of my cards are pretty friendly to giving out blanks checks or xfering to Checking. The only other card I specified a BT for was the Nat City(12K to my FCU to overpay my car loan). I'm not expecting to get that much from them anyway.

Stingy Discover... Call told me I was at credit limit. I closed my Miles and reduced my Biz to 2000, but all they could give me was the measly 8500 that I pruned from my other cards. If I BT 85% of my line with a $75 fee, that's about 1%, hardly seems worth it.

I didn't close my Biz, or reduce my regular discover since I like their buy and return xmas shopping promos. So I still have 3 good cards for that, a free camera, and my credit line with them back on my reports. Unless interest rates start climbing up, I'm not sure I'll go for the BT.

DjPiLL said: In the CLI thread I believe somebody had luck getting a CLI increase with Discover to up their limit to 24k....source DjPiLL speaks of

VerbalK said: Yes, I reallocated from Biz to Personal.

You just need to talk to the right department?
I had Discover call me up and offer me a BT promotion. I told them I had a large promo balance with a competitor that was more than my Discover CL, could they allocate some CL over from my biz card? After holding for a supervisor I was told it couldn't be done. They did CLI the personal card by 20%.

VerbalK said: But your's wasn't a new application. I think when a new application is being considered, the biz lines are in play. Ditto - same experience.

Wasn't able to reallocate my BOA biz line to my personal line. Is this worth call the Biz CSR?

Boo, Called citi, said they can't reallocate to a card with a 3% or lower balance transfer offer. I called twice and got the same story, said it was a company wide policy enacted about a month ago. Should I keep calling, or does someone have another strategy? That's a lot of money left on the table.

Also, Nat City gave a pretty decent line. Called to consolidate, but was told I need to fill out a form (7-10 days).. boo.

Advanta, as predicted, crap line.

Only waiting on US Bank and Chase now. So far I'm batting 8 for 11, though it's not looking like I will be bank much cash.

Edit... some good news, it turns out my Bank Atl xfer didn't go through, so now I can do it again for the max 20K and not get another fee. I'm going to wait until one of my citi card BT post and then BT to that one.

VerbalK said: More City Crapitude! I made a small purchase on my Citi Biz for the 15K TYPs. Last time I would make the purchase, wait a day for it to post, immediately pay it back, then do the BT. However, this time, Citi won't accept payments higher than the last statement balance. So I will end up loosing a month of BT (not to worried since I only got a 10K line), and I won't be able to schedule future payments beyond the current statement. Citi has turned into and AOR killer. I yearn for better days of irresponsible lending.
First, I support your general assertion that citibank has taken their AOR-ball and doesn't want to play any more.

However, I bumped into this "can't pay my card quick" problem just recently on a cash returns. Two options:

1) Use a bill pay service to push a payment to the card

2) Now, after a few weeks, I can use the online payment as long as I'm showing a balance. Haven't had my first statement yet, but have had a few charges and payments already. But today, at this moment, I can't make a payment again. Go figure.

Just got done with some US Bank horsetrading. I got a denial email, promising more info via regular mail. I called US Bank, got transferred to card services, then got transferred to underwriting services (800-947-1444, in case you are interested). The guy asked me my income. I stated 69 on the application, with 7 grand for "other". I seem to remember the app specifically asked for personal income, so I didn't include my HHI estimate of 130K. I explained this, and he said "Well that will make a difference". He came back and said I can be approved (he mentioned 10K), but I would have to do something with my other line. I had requested a 16K BT to citi on the application, and he offered to shift enough off to cover the BT. I said I would take as much off as possible. I said he could close the Baylor and put all 25K (35K total) over to the Irish. He said he couldn't move it all, but he said he could close the Baylor and put 25K total on the Irish. I countered with 25K on the Irish, 10K on the Baylor. He countered with 20K Irish, 10K on the Baylor. I was being pushed from my desk by an IT tech, so I said okay and he said it should be taken care of in about a day.

I then took a walk and thought wiser. I called back and got it set to 25K on the Irish, 5K on the Baylor. The new women said okay. I then asked about the BT and whether I would get convenience checks. She said the randomly send them, but if not, I would be charged a large fee to request them. I then asked if I canceled the current BT, when I could do a new one. She said I would have 30 days from approval to initiate a no fee, 0% BT. So I canceled the citi deal (the last one I tried that with didn't go through, so I wonder if citi is getting tougher with overpayments). I'll hope for the checks, but if not, I'll launder through either my BOA or one of my Citi 0% cards.

EDIT 10/7... Called again... got the original guy. He seemed a little perturbed at my call back to adjust the deal we originally settled on. He said he will work on getting Baylor lowers to 25-15 (originally he said 10), and approving Irish for 20, along with some 16K BT that I put on the application (not for next time, ask for 21K). I noticed today that Baylor was indeed cut to 15K. Still haven't received Irish yet, but am hopeful.)

I assume you mean USB, not BOA

1. CSR1 - I can approve for 10K, but you have a 16K BT, but you have another account
2. ME - Yes, I know, can I shift that line
3. CSR1 - Yes, I can move x from Baylor to give you 10K+x to cover BT and give a little room
4. ME - Can I move more?
5. CSR1 - (hesitant) well, yes, but in order to get the BT with a little room....
6. ME - Can I close Baylor and move all 25K over
7. CSR1 - No, I can't go that high, I can close Baylor and make Irish 25K
8. ME - Well, I'd lose some credit line then, can I make Irish 25K, Baylor 10K
9. CSR1- I can do 20K Irish, 10K Baylor
10. ME - Sounds good
11. (walk)
12. ME - Can I do Irish 25K, Baylor 5K
13. CSR2 - I will ammend the note.

So I guess I'll have to wait and see and make sure all the notes go through without a hitch. I feel good though, that's another 21K of BT money, and should get me up into the 6 figures.

Chase Biz denied me by mail... interesting because their phone line still says in consideration.

"You already have the maximum amount of credit we can offer you" - BS, I only have one personal Chase card with 10K
"Total credit lines on open accounts too low" ??????
"Insufficent history of credit information is reported" ????????

Just called twice... first guy sounded retarded. Next girl was perky and polite.

She disagreed with the reasons that were listed. She said that some new triggers were put in place recently, the biggy being that I applied for another chase card the same day. She also said some of my inquiries were problematic, even though Chase only saw 4 EQs that primarily came from banks and utilities (they were less than 6 mos old though). She apologized that there is nothing she can do, though I can reapply (which actually isn't technically the case since chase requests you state you haven't been denied in the last 6 months by chase). She says that supervisors are looking into it because she is seeing a lot of denials by people with outstanding credit.

So with the demise of AMEX BT offers, Citi clampling down on CLRs, and Chase putting the hammer down on the denial buttons, does this spell the end of AORs? I came in with what I consider nuclear scores, good lines across many lenders, and damn near no debt on my reports, and walk away with under 100K of BT money. Oh well, it was still fun, sorta.

Update on Discover, got a runaround, but again reaffirmed that I can't move biz credit to personal lines. I think I probably should wait a month, reduce my Biz line, and ask for a CLI on my Discover More Card. I'll do that after I get done with bumpage. In the meantime I may use my More card as a spender for a month or two since it has 0% on purchases. I'll go between that the the Citi AMEX for the TYPs.

markkundinger said: For Chase, call the "chase business - live person" number on the status page. [800-453-9719] You'll probably get a credit ninja, and can hopefully work out something.

I just had the same runaround. Had to cannibalize my old $38k card completely for the new ones (no new net credit).

That was the first number I called. The second time I called the number that was on my letter, and I think the xfered me to the same place. I got my personal app approved, and since Chase took a hatchet to my monster lines from last year (at one point I think I had 80K personal, and 60K business), I don't really have much to work with. I'll get about 15000 line of personal credit. If you didn't get an additional credit, I doubt I will. I think I'll lay of chase, and maybe in about 6 months apply for some rewards cards and try to get some decent lines with them again. Hopefully they'll be more generous to me next time.

Verbal, I just looked, and your credit profile is very similar to mine last year, including HHI. (which, unfortunately, is not uber-high like some of the guys around here). The main difference seems to be that Chase barely tolerates my existence, while they loathe you. I can't quite explain it. You might be able to convince a ninja to cannibalize your personal card for biz, if that's worth it to you. Being able to document business financials and/or extensive assets might help too.

I suggest you get married.

VerbalK said: the biggy being that I applied for another chase card the same day........ end of AORs?

As I understand it, the advantage of the A0R is no longer to hide inquiries, but to hide the new accounts and debts. Since those don't appear for several days or more anyway, couldn't one bypass this new red flag by spreading the A0R over several days (one app per issuer per day)?

Delete

VerbalK said: naas said: VerbalK said: the biggy being that I applied for another chase card the same day........ end of AORs?

As I understand it, the advantage of the A0R is no longer to hide inquiries, but to hide the new accounts and debts. Since those don't appear for several days or more anyway, couldn't one bypass this new red flag by spreading the A0R over several days (one app per issuer per day)?

Probably not a bad idea, though Chase doesn't have any capped 0 percent cards available right now. I think I just got hit with some bad timing as they are implementing new policies.

Its a shame they removed the cap to their Biz card apps. I would be a perfect candidate to see if they reject me for "too much available credit" since I have a 72k line with them on my Biz card. But Chase loves me as I have had no prior AA with them and they actually raised my wife's CLs.

Maybe I should apply for a card just for shyts and grins.

Chase rejected me for "you already have all the credit we want to give you"
"Your credit lines are too small" (contradicts #1, doesn't it?)
and last, but not least "record of late payments" (absolutely false)

Lending department rep told me that they had a computer glitch and while she approved me to reallocate credit to open the new card, the computer problem prevented her from reconsidering my existing capped BT fee application, so I'd have to reapply, call back in two days to have the application manually reviewed, and then argue with CS on the BT fee after doing my BT. As far as she knew, CS was still authorized to reduce or waive BT fees, but they didn't have to do it, it would be at the CS rep's discretion. I suppose I should have just gone ahead, and played CSR roulette until I found one who'd waive a $900 BT fee, but that seemed risky.

Worried about some BOA trouble. I BT out from my boa card to boa checking the day before I bt'd from another card to boa card. The second BT is appearing before the first, so I have a negative balance. I noticed I missed a call from a number that tracks back to boa card services. Calling the number results in a busy signal, no messages. Am I in trouble? Anyone have any problems overpaying a BOA card?

The BOA call was about the overpayment. I had to explain all my shenanigans. Apparently my xfer for 17500 was canceled since they thought it was a duplicate request. I tried to do another xfer for 30000, but was told I was limited by my available credit limit of 20100. I then BT'd 20000, with the expectation of doing another xfer next week for 10000. The rep then said she could mail me a check for the 13000K overpayment, and then ACH the 20000. That puts me at my max limit, but didn't feel like complicating matters. I'll pay 3000 for my next payment to get me down to 85% utilization.

Also, all my TU inqs have disappeared. I know they may come back as I can't be near bumpage yet, but fingers crossed.