It's getting to be that time of year again, time for a new round of AOR cards. This will be my third go around. For a little history, see: AOR 2.0 Thread. I'll be updating this post as I go, but the first up to bat is my sister.
Strategy: This will be a four person, family-o-rama. I have some alternative uses, but for all my liquid funds, hopefully at least $500-$600k this go around, 100% of everything goes into HYC accounts, which still pay a nice 4-5%, and I use a cool site, to very quickly make all my debit purchases monthly. The site charges $1 per day for an email subscription; I don't care about the emails, but I can choose a "10 day subscription package" for each of my debit cards and have it charge the card $1 per day for 10 days in a row, taking care of all the nightmare of making 100+ HYC payments per month with about 1 minute of my time. I'm still earning 4%+ on the HYC accounts even after the quick $10 off the top.
Sister: Currently, the only cards she has with a balance is a BOA personal $11.3k (exp 7/10/09) and a Chase business $19k (exp 11/15/09). Given that Chase buisness 0% rates are no long available, I'm not sure if I will pay off her Chase balance yet, as the only risk is not getting a Chase personal card, of which all her credit is on the business side and they don't allow consolidation across the business/personal now (correct me if I'm wrong on this).
Sister's Current Cards
1. BOA - $14,400 2. Chase - $20,700 business credit only; (what a waste, I have no idea what she can do with this credit now) 3. AMEX - $500 (AA, used to be $24,900) 4. Citi - Either $0 or $2k ATT, $25k CR, $12k professional (after family wide AA, see AOR 2.0, I'm not sure her current Citi status, will have to check) 5. National City - $10,000 6. She has about $25-$30k of other CL's, but not of use for current AOR purposes other than to help overall utilization.
CRA Pulled / Sister's Planned Applications
1. EX - BOA- 0% 12 mo, $30 max BT fee; unless someone knows where to find that old no bt fee BOA card, which I can't. 2. DENIED - TU - Chase Disney - - 0% 12 mo, $75 max BT fee. Again, its unfortunate she only has Chase Business credit ($20,700 of it) and they won't let you move business credit to a personal card. I really wish we could find a Chase Business 0% offer! (Dad has a $50k Chase business line). 3. DENIED - BLACKLISTED STILL - EX - Citi - Cannot find any 0% 12 mo Citi personal offers, just 6 mo 0% offer. Help! 4. TU - DENIED - APPLIED 8/8/09 - ASKED FOR $24.5K BT TO 5/3 HELOC - US Banknull - 12 mo, 0% No BT Fee - always had a problem getting approved for this for my sister and I, and may apply before paying BOA off b/c they don't believe you have high HHI if you have no CC balances. 5. EQ/TU - Wachovia - - must call (866) 327-6214 to apply, 0% 12 mo, $99 BT fee. 6. EQ - National City - 0% 6 mo, $0 BT fee. May have to close existing National City card to get approved. 7. EQ - RBS - - 0% 6 mo, $60 fee. They are pretty stingy with CL, not sure if this is worth it. 8. ?? - PenFed - - 2.99% LOB BT offer. Juniper - ...
Areas I need help on: 1. Anyone have a Discover personal and/or business 0% app? 2. There are no deals for CardSelection.com or Cardoffers.com for any of these apps right?
If you are a member of one of those sites you should be able to send a referral link to your sis and make $20 per completed application. However, I haven't gotten my check for signing up for a card myself so ymmv.
I haven't done my AOR 3.0 because of credit market conditions but it will be very interesting to see your results. Hopefully I will feel encouraged to do mine too. Best of luck.
Hindustani said: I haven't done my AOR 3.0 because of credit market conditions but it will be very interesting to see your results. Hopefully I will feel encouraged to do mine too. Best of luck.
Citi Platinum Select MC has an offer of 0% for upto 12 months based on credit history.Thanks, but the balance transfer fee on this card is not capped, unfortunately.
As for my general success, fortuantely my family has a lot of credit already, and IF we can consolidate, it just takes one card at each issuer to get a sizeable BT out.
I'll be watching this. My AOR 2.0 paid off the house (with HELOC line backup) and a 2.24% backup. WOR 2.0 I am about ready to launch to continue the float.
At the beginning of the year, I experienced a reluctance to move lines.
narshe14 said: I've been more worried about consolidating lines. I had read that Chase was not doing consolidations any more, for personal and business cards?There's a whole thread on the topic here.
HCAA
Member
posted: Jul. 4, 2009 @ 8:42p
Good luck.
I may plan for another round credit card application mainly for sign up bonus. I am uncertain how many CCS should I go for current economic or banking situation.
www.infodailynewsletter.com is anything BUT Cool. This website is ugly and unprofessional looking (need a web designer). Red for you.
$1 /day = $365/year. $15,000 @2.25% interest (ally bank CD rate) will yield the subscription fee . I get more smart investment ideas from fatwallet for fee.
swagatalakshmi said: www.infodailynewsletter.com is anything BUT Cool. This website is ugly and unprofessional looking (need a web designer). Red for you.I look for functionality in my financial products, not "bling". If it's reliable and does what it says it will, I'd consider it as a worthwhile alternative to typing in numerous $1 payments on my cable bill each month.
swagatalakshmi said: $1 /day = $365/year. $15,000 @2.25% interest (ally bank CD rate) will yield the subscription fee . I get more smart investment ideas from fatwallet for fee.FYI, finding ways to manufacture 10 $1 "throw-away" transactions per month has been core to the rewards checking discussion ever since that type of account first appeared here a couple years ago; finding options that recur automatically has been the challenge.
Spending $10 (typical required transactions are 10/month) to earn an extra $60 ($50k in a 4% rewards account, verses in a 2% CD) IS one of those "smart investment ideas (you can get) from fatwallet for f(r)ee".
MikeR397
Senior Member - 3K
posted: Jul. 4, 2009 @ 10:53p
Venturion said: Mike - will you be doing any b*age? Are you considering freezing any of your reports?I always do b* after each round. In the past, near all of my apps pulled TU, then EQ, then only a few EX, which was perfect for b*. Before last year's AOR, Citi switched to EX. I've never frozen a CRA before, and I'm still not certain its really needed. Given the fact that I'm probably only going to have 10-15 apps I'll do in total per person, there's not enough EX pulls that'll hit that make me care much anyway. I don't recall ever being denied by an EX puller for too many EX inquiries.
In fact, I haven't check my reports very recently, and all my EX inquries from June 07 AOR 1.0 should in theory have dropped off by now.
What services do you use to bump? I thought bumpingdoesnt work anymore? It will be interesting to see your results, but getting 600K new might betough in this environment.
Rob
swagatalakshmi
Member
posted: Jul. 5, 2009 @ 1:33a
Glitch99 said: swagatalakshmi said: www.infodailynewsletter.com is anything BUT Cool. This website is ugly and unprofessional looking (need a web designer). Red for you.I look for functionality in my financial products, not "bling". If it's reliable and does what it says it will, I'd consider it as a worthwhile alternative to typing in numerous $1 payments on my cable bill each month.
swagatalakshmi said: $1 /day = $365/year. $15,000 @2.25% interest (ally bank CD rate) will yield the subscription fee . I get more smart investment ideas from fatwallet for fee.FYI, finding ways to manufacture 10 $1 "throw-away" transactions per month has been core to the rewards checking discussion ever since that type of account first appeared here a couple years ago; finding options that recur automatically has been the challenge.
Spending $10 (typical required transactions are 10/month) to earn an extra $60 ($50k in a 4% rewards account, verses in a 2% CD) IS one of those "smart investment ideas (you can get) from fatwallet for f(r)ee".
Website says : "For just $1 charged daily to your debit or credit card, join today to receive a daily financial tip via email and start taking advantage of answers to questions like these:"
1) You are about to throw away $30/month not $10/month.
2) Why throw away even $10/month ? don't we pump gas ? I have 2 reward checking accounts and I never had to "throw away" anything.
3) Having a "good" website means something different. It has nothing to do with "blings".
4) It seems you have some stake on this website. You are never going to get my $10. Best of luck.
mh83
Senior Member
posted: Jul. 5, 2009 @ 6:15a
swagatalakshmi said: Website says : "For just $1 charged daily to your debit or credit card, join today to receive a daily financial tip via email and start taking advantage of answers to questions like these:"
1) You are about to throw away $30/month not $10/month.
2) Why throw away even $10/month ? don't we pump gas ? I have 2 reward checking accounts and I never had to "throw away" anything.
3) Having a "good" website means something different. It has nothing to do with "blings".
4) It seems you have some stake on this website. You are never going to get my $10. Best of luck. You should read more carefully to fully understand what is being offered by the website.
1. No, you can opt for $10/month. There are various subscription plans being offered, two of which result in 10 one dollar charges to the debit/credit card.
2. Many of us have over ten Rewards Checking accounts with over 100 debit card transactions required monthly. We also have busy lives and welcome efficient strategies of fulfilling those requirements.
3. Many websites evolve and improve over time. The look of the website isn't as important to me as having more options. I would like subscriptions with varying prices.
4. I have no stake in the website but admire the creator’s ingenuity.
Rorer714
Senior Member
posted: Jul. 5, 2009 @ 6:52a
Are you looking at any 0% on purchase cards? Ones with rewards can actually work out better than 0% BT with no fee.
bmcgin
Member
posted: Jul. 5, 2009 @ 7:38a
I could easily make a website for the specific purpose of charging reward debit cards. Allow people to create an account, input debit cards, have it randomly charge between 1 and 20 cents 10 times per month, send email notifications and be fully automated...
....could be a useful site, call it chargemydebitcard.com or something...
mh83 said: swagatalakshmi said: 4) It seems you have some stake on this website. 4. I have no stake in the website but admire the creator’s ingenuity.Neither do I. The site seems to be aimed (either intentionally or inadvertantly) at solving debit transaction requirements with no effort - something alot of people here have be searching for for years. If the creator is a FW reader, or if it is merely coincidence, the site does appear to be filling a niche (even if you are not part of that niche).
And if you read MikeR397's other threads over the years, he ALWAYS shamelessly pimps the latest opportunity he's found, so I'm not going to jump to the conclusion that its his own site just because he showed some enthusiasm.
I'm not interested in anyone's opinion of the merits of the concept (and I dont think anyone else is, either), everyone has their own prefered methods of meeting requirements; I'm interested in hearing if anyone finds it to be defective or unreliable, or if it really does work as advertised.
mh83 said: I would like subscriptions with varying prices.I'd like to see some options that recur monthly. Right now it looks like subscribing would meet my current month's requirements, but I'd have to resubscribe again next month.
DummyO
Nerdy Member
posted: Jul. 5, 2009 @ 8:23a
Glitch99 said: And if you read MikeR397's other threads over the years, he ALWAYS shamelessly pimps the latest opportunity he's found, so I'm not going to jump to the conclusion that its his own site just because he showed some enthusiasm.
I think the site is a great idea, but with 5 seconds of research one can pretty easily make a sound assumption that it is his site. A little disclaimer would be nice. Although, I'm pretty sure the rest of the community has covered it by now.
BOA site isn't showing a cap on the BT fee. I only see $10/min. Am I missing it?
danis21
Member
posted: Jul. 5, 2009 @ 9:09a
Is penfed not in your list? They don't have a zero % APR, but they do have 2.99% for life, which gives it about 5 years to pay off. If inflation goes up, rates will increase in next 5 years for sure (until then you can probably break even at 4.2 / 4.3 % HY CD, if they exist.. assuming 30% tax rate).
DummyO said: Glitch99 said: And if you read MikeR397's other threads over the years, he ALWAYS shamelessly pimps the latest opportunity he's found, so I'm not going to jump to the conclusion that its his own site just because he showed some enthusiasm.
I think the site is a great idea, but with 5 seconds of research one can pretty easily make a sound assumption that it is his site. A little disclaimer would be nice. Although, I'm pretty sure the rest of the community has covered it by now. I figured it really doesnt matter either way as long as it functions as promised, so I wasnt going to bother digging. Now if the site wanted me to send $1000s of payments that they would then send back to me for a small fee, you'd be damn sure I'd find out who was behind it before even considering giving it a try .
Mike, I'll be looking forward to seeing what offers you can dig up, since I'll be looking to reload at the end of August and as of now have no clue what cards/offers are still available.
1. close the Chase Bus-- it doesn't even show on your personal credit reports (to improve utiliztion), and it might prevent you from getting a good line on a new Chase personal 0%. you have ZERO chance of getting Chase to move that line under there current policies.
2. do NOT close the National City! You can call to move NCity CLs between cards if approved. They'll send you out a letter to sign asking for the CL move and you send it back and they make the change.
3. Barclay's is the same-- apply for a personal card along with the Bank Atlantic Biz Card, and they'll let you move. In my experience, they generally will give a bit more CL on the personal side, and they don't ding you for applying for both products.
4. I think Citi and Chase are more sensitive to "seeing" other recent AOR inquiries, so probably better having these toward the front of your AOR list.
MikeR397
Senior Member - 3K
posted: Jul. 5, 2009 @ 11:32a
crowe1130 said: BOA site isn't showing a cap on the BT fee. I only see $10/min. Am I missing it? Thanks for the heads up, I had the wrong link in there. The link has now been updated:
Be careful with this one, I think its the very last BOA capped fee out there.
MikeR397
Senior Member - 3K
posted: Jul. 5, 2009 @ 11:37a
robertw477 said: What services do you use to bump? I thought bumpingdoesnt work anymore? It will be interesting to see your results, but getting 600K new might betough in this environment.
AMEX Credit Secure (need a AMEX card) is my favorite b/c you can update your report anytime during the next day, and don't have that 24 hours + 1 minute rule. I think it cots about $11 per month, same with Chase. Its been about 10 months since I've done bumpage, can anyone provide info that these services will no longer b*?
MikeR397
Senior Member - 3K
posted: Jul. 5, 2009 @ 12:26p
Rorer714 said: Are you looking at any 0% on purchase cards? Ones with rewards can actually work out better than 0% BT with no fee.Well, I have other use for cards to make purchases on, but do you have any suggestions at 0% on purchase cards I could apply for? I know Wamu used to have the most of these types of offers before they merged with Chase.
bhumin
Member
posted: Jul. 5, 2009 @ 1:30p
have you looked at the ally no penalty CD? I thought about starting up a small AOR (would be my first) to try this thing out. What you guys think?
johnf585
Member
posted: Jul. 5, 2009 @ 1:47p
MikeR397 said: robertw477 said: What services do you use to bump? I thought bumpingdoesnt work anymore? It will be interesting to see your results, but getting 600K new might betough in this environment.
AMEX Credit Secure (need a AMEX card) is my favorite b/c you can update your report anytime during the next day, and don't have that 24 hours + 1 minute rule. I think it cots about $11 per month, same with Chase. Its been about 10 months since I've done bumpage, can anyone provide info that these services will no longer b*? AFAIK, Chase IDP no longer allows daily pulls and you can only get a new report once every 30 days unfortunately.
darkhunter
Member
posted: Jul. 5, 2009 @ 3:22p
MikeR397 said: crowe1130 said: BOA site isn't showing a cap on the BT fee. I only see $10/min. Am I missing it? Thanks for the heads up, I had the wrong link in there. The link has now been updated:
Be careful with this one, I think its the very last BOA capped fee out there.
What am I doing wrong? I still can't pull up the link to the card with the capped 0% offer? When I click that link it takes me to a page with 3 cards featured. I read the terms of all 3 and they all say 3%, nothing about a cap unless I am missing it. How do you find the capped offer?
zeego
Senior Member
posted: Jul. 5, 2009 @ 5:33p
Terrific idea, the infodailynews.com and a convenient service. Effcient for those of us with multiple reward accounts, takes just a few moments to meet your monthly requirements.
bobopig1
Member
posted: Jul. 5, 2009 @ 6:03p
Chase ID protetion is no more a daily puller. it became every 90 days per pull for me. AMEX CS credit check total Nationalcity id protect still work.
MikeR397 said: robertw477 said: What services do you use to bump? I thought bumpingdoesnt work anymore? It will be interesting to see your results, but getting 600K new might betough in this environment.
AMEX Credit Secure (need a AMEX card) is my favorite b/c you can update your report anytime during the next day, and don't have that 24 hours + 1 minute rule. I think it cots about $11 per month, same with Chase. Its been about 10 months since I've done bumpage, can anyone provide info that these services will no longer b*?
MikeR397
Senior Member - 3K
posted: Jul. 5, 2009 @ 9:01p
darkhunter said: MikeR397 said: crowe1130 said: BOA site isn't showing a cap on the BT fee. I only see $10/min. Am I missing it? Thanks for the heads up, I had the wrong link in there. The link has now been updated:
Be careful with this one, I think its the very last BOA capped fee out there.
What am I doing wrong? I still can't pull up the link to the card with the capped 0% offer? When I click that link it takes me to a page with 3 cards featured. I read the terms of all 3 and they all say 3%, nothing about a cap unless I am missing it. How do you find the capped offer? Hum, that is really weird. I checked it twice this morning and it linked to the individual card. Maybe the session info dies or something. I don't know what to tell you now, as my link is also going to the three cards. FWF effect? I'll update the link if I find a new one.
cclyde said: 0% and/or $100 bonus Discover codes/phone numbers are usually in at least one of the coupon inserts in the Sunday paper each week.I'm also seeing these in my Sunday paper but mine are now saying 1.99%, not 0%.
I think the Bank of America "capped fee" initial BT offers are gone. I looked all over - couldn't find one. Best BoA I could find was 0% for 12 months with 3% uncapped fee. My current BoA cards BT offers are fee-capped at $75 - but at 4.99%! No good.
They're shutting things down several months before the new law hits.
Glitch99 said: swagatalakshmi said: www.infodailynewsletter.com is anything BUT Cool. This website is ugly and unprofessional looking (need a web designer). Red for you.I look for functionality in my financial products, not "bling". If it's reliable and does what it says it will, I'd consider it as a worthwhile alternative to typing in numerous $1 payments on my cable bill each month.
swagatalakshmi said: $1 /day = $365/year. $15,000 @2.25% interest (ally bank CD rate) will yield the subscription fee . I get more smart investment ideas from fatwallet for fee.FYI, finding ways to manufacture 10 $1 "throw-away" transactions per month has been core to the rewards checking discussion ever since that type of account first appeared here a couple years ago; finding options that recur automatically has been the challenge.
Spending $10 (typical required transactions are 10/month) to earn an extra $60 ($50k in a 4% rewards account, verses in a 2% CD) IS one of those "smart investment ideas (you can get) from fatwallet for f(r)ee".
eBay will work. Make a manual payment of $1.00 you can do like 3 one day then you have to wait a couple days.
Not sure if anyone is still following this thread, but FYI National City - I've done 2, 6-month 60K 0% BTs with them & neither had a BT fee. The last one I paid off last month. Each required me to start a new (personal) card, and they reallocated all but $500 of the old line to the new. I have a NatCity business account and VISA, but have not "comingled".
BTW Mike, regardless of how this comes out for you, we appreciate the info. A valiant effort nonetheless.
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