Alright - my initial suspicions and reasons for doing the personal A0R are being confirmed. I robbed too much personal credit in Business A0R 1.0 last July 2007. So I'm hearing from BofA, Advanta, RBS, etc. that I just don't have large enough lines on the personal side. None of them can see the numerous large business lines. So Advanta gave me $2,500 after closing my $12,500 card and reapplying. BofA was queued up to give me $30K, but I either got greedy or got an overzealous CSR, because the next two credit analysts couldn't do it and only gave me $10K. The plus side is that the $38K Sony, the $10K state farm , $10K RBS, etc., will all help rebuild personal credit. With Exp freeze, EQ disputes, and TU b*, I should be able to doing rolling A0Rs every 2-3 months for a handful of new cards. Still waiting on Chase...

PS. I did combine my $65K USair card with the new BofA Platinum Plus to get to a $75K card. I still have $1K on a Quantam card and $1K on the USair card, so a total personal exposure of $77K and $28.5K on the business side. The credit analyst also intoned that the BT fee could be waived or capped for such a large transfer. I'll let you know as soon as the card arrives and I give it a go.

Don't feel bad, Advanta gave me 2,500 also. Maybe it's a trend

Venturion said:Alright - my initial suspicions and reasons for doing the personal A0R are being confirmed. I robbed too much personal credit in Business A0R 1.0 last July 2007. So I'm hearing from BofA, Advanta, RBS, etc. that I just don't have large enough lines on the personal side. None of them can see the numerous large business lines. So Advanta gave me $2,500 after closing my $12,500 card and reapplying. BofA was queued up to give me $30K, but I either got greedy or got an overzealous CSR, because the next two credit analysts couldn't do it and only gave me $10K. The plus side is that the $38K Sony, the $10K state farm , $10K RBS, etc., will all help rebuild personal credit.

With Exp freeze, EQ disputes, and TU b*, I should be able to doing rolling A0Rs every 2-3 months for a handful of new cards. Still waiting on Chase...


Doesn't the above statement have a special ring to it, I think we should name it **the triple play**!



PS. I did combine my $65K USair card with the new BofA Platinum Plus to get to a $75K card. I still have $1K on a Quantam card and $1K on the USair card, so a total personal exposure of $77K and $28.5K on the business side. The credit analyst also intoned that the BT fee could be waived or capped for such a large transfer. I'll let you know as soon as the card arrives and I give it a go.

nice line on platinum plus card.

I'd say that's a pretty strong indication Chase is considering your sole prop and S-corp to be separate entities. Congrats.

EDIT: Yes, you can reallocate Sony to biz.

I wouldn't listen to any of their MUMBO JUMBO, I think you've found a nice set of chase cards that don't communicate with each other. That is the only reason I can come up with for all the approvals.

But that thought may be flawed, you only got 1 or 2 INQs from them.

190K, are you sure you want to combine SP and LLC? Call me conservative but I'd rather just pay the BT fee or maybe combine a few and make 30K cards. Asking for a 100K+ BT would freak me out.

I looked back at the 1st page and can't find your total credit now, do you have the number?

Can't wait for more results.

ps You couldn't make a long uninteresting post

pps Anythought on a 3rd Biz yet

Edit: When you do the US Bank app, could you do your LLC 1st and check for an INQ? I don't think they are checking personal credit when a corp applys. That would be a good data point for newbs and people with credit problems or high utilization on their personal report. The BT terms suck at the moment, but maybe that will get better.

The 2 US bank cards I got, have 3% fees. I got them thinking it could utilization on biz report and they were a new creditor for me. I didn't think they would give me much.

Trave rewards visa 2,500 bonus points 10,000
US bank visa biz platinum card 15,000

Bummer, any ideas?

Edit: the biz platinum turned out to be a Korean air Skypass card. I did not apply for this card and is 17.49% BUMMER!

Also ELAN is not mentioned anywhere, The INQ was U.S. Bank and everything says U.S. Bank. Not sure what to do with it. Even the TC that came with the card was in English and I guess Korean.

TyroneSchulace said:win333 said:cards I got, have 3% fees. I got them thinking it could utilization...Bummer, any ideas?
Edit:...Korean 17.49% BUMMER!Dude...OT?

Venturion: Maybe in a few weeks you could take advantage of a Chase denial to see how fast the EQ biz report updates?

How can my experience with a potential AOR card be off topic? We also PM each other.

Why are your EQs back to 5, did you apply for something else?

What BofA card is it, my quote for a merchant processing account is 1.70% for a non rewards swiped card and 2.69% for a rewards card.

Just a thought, my needs are a bit different for my biz than they are for AOR investing. Atleast until I get enough AOR money

Venturion - for pulling BT funds from your BOA platinum plus, any of these options work?

Or, if it's 0% on purchases as well as BTs, check out this post. VanceWade reported opening and funding a large, 4.6% APY Air Academy FCU CD with a credit card. If that can still be done and you are OK giving up the liquidity that long, it's not a bad rate, and might be a good way to utilize a 0% on purchases credit card.

Jake - unfortunately, its only 0% BTs. I don't have the other cards you mention, so I may have to apply for one of them. On the flip side, maybe I just leave this CL available for utilization #s. I'm going to be approaching the limits on the personal side.

PolarDude - yes, I will ultimately BT at least $75K onto the $2K card. I did closer to $100K on my last A0R on the same card. The only variant this time is that I did a BT directly into my checking account in lieu of a check request from Citi. Let's see what happens.