Hindustani's Second AOR (Dec 2007)

lhendricks92 said: if you're at max exposure with citi, get the hilton honors visa and reallocate. it seems to have its own independent credit bucket. you might have to downgrade from visa signature to reallocate. search for scott1961's posts in the reallocation thread.

Thanks for the suggestion, I will take a look into the hilton card. BTW, I searched the reallocation thread twice but could not find scott1961's posts on it.

Hindustani said: Thanks for the suggestion, I will take a look into the hilton card. BTW, I searched the reallocation thread twice but could not find scott1961's posts on it.

here's an example of converting a Hilton and then reallocating.

lhendricks92 said: Hindustani said: Thanks for the suggestion, I will take a look into the hilton card. BTW, I searched the reallocation thread twice but could not find scott1961's posts on it.

here's an example of converting a Hilton and then reallocating.

Thanks. I now realized I was looking in the wrong thread for scott1961's posts

I've also been preparing for my next AOR and hoping to get a second Citi Driver card. Unfortunately, the BT fee is now 3% with a $75 cap in the first 12 months. Cardselection hasn't updated their page, but if you click through to the terms and conditions page, it spells out the fee as I've stated.

Just got a pre-approved offer for HSBC platinum card in mail. I know that HSBC is unpopular for AORs for giving meager CLs but I could not find an instance where the meager CL was for a pre-approved offer. Worth a shot?

mhesidence said: Hindustani said: Just got a pre-approved offer for HSBC platinum card in mail. I know that HSBC is unpopular for AORs for giving meager CLs but I could not find an instance where the meager CL was for a pre-approved offer. Worth a shot?

Not for BT purposes, maybe (but unlikely) for lowering overall utilization.

Thanks. I will probably keep it as the last app in that case. Last time HSBC gave me a $700 limit and I wasn't too happy with it. Pre-approved offer may result in higher CL but you never know!!

74ak said: Does anyone know if Advanta Business and Barclays Business credit cards report to personal credit report. I have TIN number for my business, but was not asked during application process? Or do I provide it later?

advanta and barclays do not report to personal, at least for my S-corp.

also, i believe both applications asked for TIN. i have yet to encounter a business application that didn't.

74ak said: lhendricks92 said: 74ak said: Does anyone know if Advanta Business and Barclays Business credit cards report to personal credit report. I have TIN number for my business, but was not asked during application process? Or do I provide it later?

advanta and barclays do not report to personal, at least for my S-corp.

also, i believe both applications asked for TIN. i have yet to encounter a business application that didn't.
so did I have to put TIN instead of SSN and I screwd myself over? Advanta application on the next page they did ask for Business Name but not TIN...
The business cards don't show on my personal report (except of course for the credit inquiries from applying). I used SSN and applied as a sole proprietor. If you did the same, I don't see any problem with that. I just called up the application for the Advanta Small Business Card and noticed the same as you -- it asks for SSN. Since it's a "small business card", they probably expect situations similar to mine. If you want to use TIN instead of SSN, I'd simply call them and ask. I'd also ask if it's going to cost you another hard inquiry, and if so, I'd weigh that against wanting the card to show up under your TIN rather than SSN on business credit reports.

lhendricks92 said: almost all business card applications require a personal guarantee, so they'll ask for both SSN and TIN, if you're not a sole proprietor.
Just for fun, I went through the App as a corporation, but didn't submit. The SSN field didn't change its designation, nor did another field appear for TIN. It's quite possible after the submit, the request for TIN might appear for other business types than sole proprietorship, but if you're a sole proprietor, it looks like it's just SSN they want, probably because of the personal guarantee you mention. So perhaps the applicant is a sole proprietor who also has a TIN. It's interesting to me that a personal guarantee on a pure business card won't affect your personal credit reports. I say "pure" because you have pseudo business cards like Citi Professional that *will* show on your personal credit reports.

Regardless, I'd still contact Advanta and ask about using TIN instead of SSN if that's what you want. It might not be possible, but never hurts to ask.

double post

74ak said: glxpass said: Regardless, I'd still contact Advanta and ask about using TIN instead of SSN if that's what you want. It might not be possible, but never hurts to ask.
Just talked to them and they don't need TIN...have some "magic" database that will "find" my TIN...I don't believe it; and they will report this card on either personal or business report at their discretion (which most likely will be under my SSN)
Strange. All I can tell you is that my business Advanta card uses my SSN and doesn't show on my personal credit reports. I wonder if they've changed their policies in the last few months. I don't think at least for other business cards that using SSN means that it will show on your personal credit reports. If so, that would sure put a crimp in the Why you should get business credit for your AOR! thread.

In case you check in before pulling the trigger:

- Principal: likely to suffer from the usual FNBO problems with the denial due to the funky ICS / ARS. I think they raise a red flag based on inquiries per ADDRESS, which kills a tag-team AOR. In any case: I suggest doing first or not at all. And possibly at least a full day before the others.

- SunTrust: $16K; the processor is (was?) Infibank, which is owned by FNBO but I did NOT have the usual FNBO problems); purchases only (at the time) but I successfully funded a new Citi savings account. (Otherwise good to reduce utilization.) More evidence in favor of SunTrust over Principal: credit report showed "NA/STI" and the printed statements are different (whereas Principal's statements look just like FNBO).

- State Farm: in one case: $9K (though pulled all 3 credit reports); in another case they pulled the 3 credit reports but lost the app; I was too busy to followup. Worth doing IMHO.

- CapOne Bus: might be worth adding; sometimes has 0% in the envelope even if not on the site! ... otherwise might be good for no-fee purchase checks (either as a BT destination or to cycle through)

- Citi Home Rebate: per the CC Issuer FAQ, I wasn't able to reallocate CL to or from that 1 year ago; no idea if that's changed. (Unlike some others, I've done other Citi reallocs in the meantime.)

UPDATE:

- no Elan? There used to be lots of banks with 0% x6, though I haven't kept up to date. (Also, I've had trouble doing BT online; sometimes the check they issued just disappears. Still worth a try.)

- GE Money had a capped offer in the envelope even though it was no longer on the site. That may be gone, but may be worth a try. If nothing else, reduces utilization.

I'm getting ready for my next AOR. Thanks Hindustani for a tremendous blueprint for an AOR. I really appreciate all the work you've put into documenting this.

I've consolidated a number of my cards to avoid getting rejected due to too many cards with one company (and to keep my sanity). I have an BofA Efectiva with a $54K limit and a BofA MLB card with a $12K limit. I'm planning on the NEA card, but didn't see another BofA card as profitable. Has anyone tried to get two of the exact same cards from the same issuer during the same AOR? I'm afraid BofA won't let me reallocate the $54K and the $12K to one card without income/asset verification.

tarcapone said: I'm getting ready for my next AOR. Thanks Hindustani for a tremendous blueprint for an AOR. I really appreciate all the work you've put into documenting this.

I've consolidated a number of my cards to avoid getting rejected due to too many cards with one company (and to keep my sanity). I have an BofA Efectiva with a $54K limit and a BofA MLB card with a $12K limit. I'm planning on the NEA card, but didn't see another BofA card as profitable. Has anyone tried to get two of the exact same cards from the same issuer during the same AOR? I'm afraid BofA won't let me reallocate the $54K and the $12K to one card without income/asset verification.

Don't try the exact same card in the same AOR as they will reject one application as duplicate. If they offer both visa and mc then that may be a way to go but talk to a CSR before doing it. There are some 0% APR for 6 months cards from BofA which has no BT fees.

I am trying to CLR to the home rebate card right now, I called yesterday (no movement yet).

I have a FNBO card from 1/2007, I did my AOR and they declined my CLI and my BIZ card, No A/A. Then I B*ed and applyed again for the Commercial card with my DnB # and was approved for 12,000 0% 12 mnths on purchase only.

I figured since people where having trouble with them I would just B* very quickly and it seems to have worked.

cardjuggler - Thats a good idea in general. But I pulled my report after I applied for Principal Bank card and they have already pulled my report from experian. This means I am good to go for tomorrow right?

win333 said: FNBO was very slow for me, I think it was a week or so for them to pull my report.

You mean the Principal Bank card? They pulled almost instantly for me.

cardjuggler said: Hindustani said: cardjuggler - Thats a good idea in general. But I pulled my report after I applied for Principal Bank card and they have already pulled my report from experian. This means I am good to go for tomorrow right?

Maybe, maybe not. I think the ICS / ARS report is the main problem. AND/OR a second pull 3-30 days later. With 4 AORs under his belt, MikeR397 plans to wait several days ... which is probably not what you want at this point. Still might be worth a phone call if you can reach them during working hours prior to kicking off your AOR.

Or not: I don't have enough data to say what will PROBABLY work, just enough to caution that "business as usual" seems highly unlikely to work.

Have any of the recent AORs gotten a Principal card? I'm happy to be wrong.

Thanks for the insight. Well I have already applied for it and will go ahead with my AOR tomorrow. If I don't get this card then it is a lesson learnt as all data points were discouraging but I still went ahead and applied for this card.

Cards are issued by First Bankcard (a division of First National Bank of Omaha).

This is right off their website.

Did I miss something, my principal visa is issued by infibank.

I DID NOT think they were the same, am I wrong?

well this board and wikipedia are great, I stand corrected. FIA is much easier to figure out.

Now that you mention it, I think when I called PNC for app status the CSR found my FNBO card instead. I had forgoten. Thanks

I guess I've got 29,000 with them all together