I want to jump on a "mini" AOR immediately. I'm looking for around $20,000 in cash at 0% interest of course.
My current credit score is roaming between 710-730 with the 3 agencies. HHI - 85k 3 inquiries in last 12 months Credit age 3 yrs 7 months I carry a balance on 45% of my revolving accounts My largest CL is chase at $11,000, second larges is Discover at $8,500
Questions :
1) US bank has the best offer right now with a 0% transfer fee if done with the application. Anyone familiar enough with this offer know if I will be approved with my current credit score/situation?
2) Can I apply for all three cards offered by US Bank with the same deal : the Visa Platinum, Visa Signature, and Select Rewards Visa Platinum card? Or is this just rediculous?
3) From everything I've heard and read the best strategy is to balance transfer to my citi premier pass card and ask for a refund for my overpayment. How would US Bank look at this balance transfer when they have my credit report in front of them during the app process and realize I obviouslly have no balance on citi bank card, or is this irrevelant and they don't look at that?
Sorry for all the questions, i've read links for hours upon hours and can't find answers to my specific questions. I really want to jump on this immediately. Thanks in advance!
I linked the Credit Card offers i'm looking at from US bank below. Hope I did it correctly!
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monopolymoney said:I want to jump on a "mini" AOR immediately. I'm looking for around $20,000 in cash at 0% interest of course.
My current credit score is roaming between 710-730 with the 3 agencies. HHI - 85k 3 inquiries in last 12 months Credit age 3 yrs 7 months I carry a balance on 45% of my revolving accounts My largest CL is chase at $11,000, second larges is Discover at $8,500
Questions :
1) US bank has the best offer right now with a 0% transfer fee if done with the application. Anyone familiar enough with this offer know if I will be approved with my current credit score/situation?
2) Can I apply for all three cards offered by US Bank with the same deal : the Visa Platinum, Visa Signature, and Select Rewards Visa Platinum card? Or is this just rediculous?
3) From everything I've heard and read the best strategy is to balance transfer to my citi premier pass card and ask for a refund for my overpayment. How would US Bank look at this balance transfer when they have my credit report in front of them during the app process and realize I obviouslly have no balance on citi bank card, or is this irrevelant and they don't look at that?
Sorry for all the questions, i've read links for hours upon hours and can't find answers to my specific questions. I really want to jump on this immediately. Thanks in advance!
I linked the Credit Card offers i'm looking at from US bank below. Hope I did it correctly!
US Bank Linux45% utilization is only 50% of the picture. What the total outstanding balance amount? That will be just as important.
Is your 'scores' via a service, or FICO? Cause a 710 from PM123 would only be in the neighborhood of 660-680 FICO.
One US Bank card is probably sufficient. Dont expect much else. But I suspect that's the only issuer you can find that you do not have a large balance with already?
I think you can just have USBank deposit the money directly into your checking account. Overpaying another card and requesting a refund is only the best option if it is your ONLY option. It is not.
US Bank will mail a BT check with an account number to anyone. open up an FNBO direct savings acct, have US Bank mail them a BT check with your FNBO acct # on it to FNBO's mailling address and it'll show up in FNBO in 7-10 days. thats what I did to get my BT money off of the US Bank Linux card.
My credit scores were per Identity Guard - Free credit score report for 30 days. I didn't know there was a difference between FICO and whatever PM123 is...
My credit balance to limits is around 35% from some quick math.
US Bank has a 0% transfer fee if the transfer is done during the app process. I wouldn't be able to deposit this into my checking account in this situation correct?
Here is primary concern :
1) Will US bank make the balance transfer to an account that they can visually see has no balance on it
monopolymoney said:My credit scores were per Identity Guard - Free credit score report for 30 days. I didn't know there was a difference between FICO and whatever PM123 is...
My credit balance to limits is around 35% from some quick math.
US Bank has a 0% transfer fee if the transfer is done during the app process. I wouldn't be able to deposit this into my checking account in this situation correct?
Here is primary concern :
1) Will US bank make the balance transfer to an account that they can visually see has no balance on it
Thanks again!You call in once you get the card. Its still part of the same 'promotion', so there is no fee. But to answer the question - if you give them a valid account number (or a payee name and address to send a check to), they will send the money. Period.
And you still didnt mention what your total outstanding balance is. That'll be a huge factor.
I'm at 35% of my Credit Limits with a Total Balance of $9,400. This doesn't include my car balance of $16,000.
$5600 on my chase card. $2,400 on my Discover card. "Rewards Card" $1,400 on Citi Financial - Rooms to Go - 9 months old.
Once again I am not looking for $100,000 + in bt money like most AOR Deals only around $20,000. I guess I can take a shot at one account with USBANK, and one with BOA Student Plat plus which has a $75 cap, which seems hard to find lately.
Would it be a bad idea to just go with two, or should I try atleast 4 or 5 in case the first two don't go through.
I'm at 35% of my Credit Limits with a Total Balance of $9,400. This doesn't include my car balance of $16,000.
$5600 on my chase card. $2,400 on my Discover card. "Rewards Card" $1,400 on Citi Financial - Rooms to Go - 9 months old.
Once again I am not looking for $100,000 + in bt money like most AOR Deals only around $20,000. I guess I can take a shot at one account with USBANK, and one with BOA Student Plat plus which has a $75 cap, which seems hard to find lately.
Would it be a bad idea to just go with two, or should I try atleast 4 or 5 in case the first two don't go through.Throw on the Assoc Bank card too. That, with USBank and BofA cards, should get you there. With $9k balance, 35% utilization, a 3-year history, and a $85k income, I could see you snagging $15k limits on each, or $3k limits on each.
Dare I ask what your 'other' plan is for the money? I'm assuming the income is your parents, and you are soon to be graduating from college, meaning you dont want your first step out into the real world to be with $25k debt hanging around your neck.
I read the BofA student card wrong.. no 0% interest for 12 months just a decent transfer fee rate.
I have graduated college and am currently working on my masters, the income is from our married total.
And for the million dollar question... I have two stocks that I have day traded in and out over the past 4 months, currently I have doubled my money. 19 transactions positive, 4 negative.
I focus on these two because of their cash positions/flexibility/market share/ and the fact that this industry can't be outsourced. I have very specific buy and sell strategies. None the less it's much riskier that your average savings/cds, however I believe they are smart calculated risk, time will tell.
monopolymoney said:And for the million dollar question... I have two stocks that I have day traded in and out over the past 4 months, currently I have doubled my money. 19 transactions positive, 4 negative.
I focus on these two because of their cash positions/flexibility/market share/ and the fact that this industry can't be outsourced. I have very specific buy and sell strategies. None the less it's much riskier that your average savings/cds, however I believe they are smart calculated risk, time will tell.Thats called greed - If you've 'doubled your money', why do you need to borrow more to continue? If not taking all the money and running, you should at minimum be withdrawing your initial investment so you are only playing with 'found' money from here on out..... NOT borrowing more to add to the pot. Adding borrowed money only increases your leverage, which means it will take a much less percentage drop to clean out all your equity in the investment.
And try the BofA NEA card, 0%, with a $30 BT fee cap.
Yea I agree with you Glitch, I thought of doing exactly that. I have battled over this decision for the last 2 months. Definitely going to go for it. We'll see how it goes.
And for the million dollar question... I have two stocks that I have day traded in and out over the past 4 months, currently I have doubled my money. 19 transactions positive, 4 negative.
I focus on these two because of their cash positions/flexibility/market share/ and the fact that this industry can't be outsourced. I have very specific buy and sell strategies. None the less it's much riskier that your average savings/cds, however I believe they are smart calculated risk, time will tell.
Mind telling us what are the two stocks? Actually, it's infinitely riskier. With savings and CDs you have a guaranteed return. Also, there's such a thing as making too much money. Doubling in 4 months means your risk level is extremely high and the pendulum could easily drop just as much.
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