Alright - My 2nd AOR ends next month, and I've been outta the game for a while. What changes have happened? I'm assuming there are numerous changes (with the current economic situation) that have taken place to reduce the productivity of the AOR. I've been skimming through, but finding out valuable information about the AOR game on this site is so widespread, it makes it difficult.
I found a thread that talks about Chase preventing consolidations and limiting if not completely abolishing reallocations. I'm looking for any VALUABLE information to the AOR game that may have changed in the past year. Just major topics will help, and I can dive further into them to find out actual example situations which may differ from person to person. Thanks in advance for the help you guys can provide.
1. Consolidations/reallocations are basically a thing of the past. Exceptions exist 2. CLI requests are often met with CLDs on any accounts you have with that lender. 3. Interest rates stink, stoozing/arbitrage profits are in the tank. 4. Capped fee offers are rare as hen's teeth.
Adding to the list... overall credit is still shrinking (of course there are exceptions):
-Large lines are being cut in half left and right. Avoid bringing attn to it, do not call CS if possible. -Lenders no longer offer new lines to match your existing large CLs anymore. They are scared of it. -Lenders have stricter total exposure. They will offer you a lower CL if you already have a "large" line with them. *Might* be beneficial to close prior due to no CLR. But there are still ones that will consolidate old lines into the new cards. -You get minus points for having a mortgage. -Lenders look more closely at CR than score. Inquiries are looked down upon even more, not just the last 6 months.
BT game/arb definitely getting harder. Consider mini-AORs and look at the bonus offer cards and get some free TYP/flights/cash/etc.
Doesn't sound like the process is as cut and dry as it was before (which I expected). I may just try a mini-AOR for me and the DW once I figure out which issuers haven't completely cut off reallocation.
Mortgage hurts the credit score, huh? That's disappointing. Is there a thread someone can point me to so I can read a little more on this?
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