My freeze was amazingly fast, I overnighted it and I think is was like 4 days.

lhendricks92 said:Venturion said:I applied for a BofA biz power rewards visa via the S-Corp recently. The inquiry showed up in the Equifax biz report and my personal report. I was approved for an $8,500 CL. When I applied for the same card last July in conjunction with my A0R and sole-P, I received a $20K CL. So the approval doesn't seem to be a problem; however, the CL may be limited. I believe Mark alluded to this before. I'm still going to call Advanta, Chase, AMEX, etc. to discuss prior to this A0R.

I bet your sole prop could have qualified for that second line of $8.5K.

This is what I've feared - BofA's treating your business credit as a single bucket tied to your SSN. I'm hoping this isn't the case for all issuers, but please keep us posted.

The 8500 might have been because the S-Corps credit isn't as good. I got a 10,000 Power rewards and I didn't even apply for it. I already had a 31,000 biz card with them.

It seems to me that 10,000 is about the average new credit line approval, I see very few 20,000 and 25,000 approvals in any AOR and I've only seen 2 50,000 lines given to thisguy. AMEX makes it hard to use it, not worth much.

lhendricks92 said:Look at Venturion's first AOR. $175K of new credit for a sole proprietorship with $2500 of revenue and no previous credit. Why? Because Venturion's personal credit is excellent.

Don't get me wrong - I want to believe additional businesses are additional opportunities for big lines (and thus big profit), but I have yet to see any evidence.

I'm with ya.

I had frozen Exp. and TU and applied for CRAP1, no limit yet but she said 5,000 so far but isn't done processing. Advanta pulled my EQ and approved instant, I just called and the computer said ( 2,500 ) what a JOKE!

My Fico was atleast 720 when I applied, but those 2 companies have NEVER been good to me. So trust me, I'm looking for the same answers you are. This is why I post about this topic, but you seem more ready to just give up on it instead of trying to see it through.

You can't build personal credit in a month, BIZ credit is much faster to build than personal but 6-9 months is what is suggested to get the best lines.

CRAP1 gave me a 1,000 BLOC and a 1,000 biz card in SEPT ( I closed them) so it's getting better but not by much. I'm really hoping Venturion knocks their socks off.

It might help if you could come up with some ideas.

I think the single identity underwriting is spot on for BofA, AMEX, and Discover. I'm not so sure it's true for Advanta, Barclays, Chase, Citi, etc. Only two ways to find out: call and apply. I'll do the first and report. Then adjust the strategy accordingly as the application phase begins.

Add Advanta to the list of issuers that only underwrite to one SS# AND, in its case alone, also only issues one card per SS# regardless of the number of businesses.

I spoke with Chase, which didn't really have much of a clue. The CSR indicated that I could have the same card for two different businesses, though the second card would not be eligible for any promotional application offers. He also said that I couldn't have more than one card for each business, which we know is patently false. Hence, I suspect the negation of the promo app offers may also be untrue. However, the important take-away is that each business can support the same card, even though the limit underwriting may again be a key issue.

Glitch99 said:Venturion said:I think the single identity underwriting is spot on for BofA, AMEX, and Discover. I'm not so sure it's true for Advanta, Barclays, Chase, Citi, etc. Only two ways to find out: call and apply. I'll do the first and report. Then adjust the strategy accordingly as the application phase begins.Discover includes everything in your 3-card limit, even using TaxIDs. I'm assuming Advanta will also deny you because of their one account per person policy.

A couple weeks after my A0R in which I got a Bank Atlantic Biz card (using Corp TaxID) w/$15k limit, I applied again as a sole prop just to see what would happen. I got a "You already have sufficient credit with us" response - with my personal guarantee on each, they rejected one business's app because of another biz's existing account. (I dont think I mentioned this in my A0R thread).

Discover, Advanta, AMEX and JUNY just don't play. AMEX will give you 100,000 but just try to get it. Discover has the 3 card limit but WalMart Discover and Sams club Discover DO NOT count towards the 3 limit.

I've never seen anyone with more than 1 advanta and some get away with multiple cards with JUNY but I think most only get 1 since Junami.

Glitch99 said:BofA then seems to adjust limits based on the individual account history - one account went from $3k to $15k over 4 years as 7 large BTs posted and were paid off, while another stayed at $5k over that same period but had no activity after the intial promo BT. Also, I got approved for a new $24k line, took out $23k BT plus a $20k promo on another account, then a month later got a 75% CLI ($6750 to $11750) on a third account. If they considered the 'big picture' of my Biz, they wouldnt have given another CLI with two other accounts showing $43k new balances on a combined $44k limit (trust me, my biz info doesnt support that much agrigate debt from a single issuer; yet $20-25k is reasonable, further indicating each account is maintained on an individual basis).

That is excellent information. It almost sounds like you shouldn't bother to reallocate/consolidate BofA biz lines if each line has its own credit bucket. Very unusual that they wouldn't aggregate a max exposure - they certainly do on the personal side.

I just asked for a CLI from 25K to 50K on my one and only BofA biz line. Perhaps I should have just applied for a new card, but they dangled another capped fee 0% BT on my current line. Anyway, I'll report back with the result.

lhendricks92 said:Glitch99 said:BofA then seems to adjust limits based on the individual account history - one account went from $3k to $15k over 4 years as 7 large BTs posted and were paid off, while another stayed at $5k over that same period but had no activity after the intial promo BT. Also, I got approved for a new $24k line, took out $23k BT plus a $20k promo on another account, then a month later got a 75% CLI ($6750 to $11750) on a third account. If they considered the 'big picture' of my Biz, they wouldnt have given another CLI with two other accounts showing $43k new balances on a combined $44k limit (trust me, my biz info doesnt support that much agrigate debt from a single issuer; yet $20-25k is reasonable, further indicating each account is maintained on an individual basis).

That is excellent information. It almost sounds like you shouldn't bother to reallocate/consolidate BofA biz lines if each line has its own credit bucket. Very unusual that they wouldn't aggregate a max exposure - they certainly do on the personal side.

I just asked for a CLI from 25K to 50K on my one and only BofA biz line. Perhaps I should have just applied for a new card, but they dangled another capped fee 0% BT on my current line. Anyway, I'll report back with the result.

I cant make a payment to my BofA power rewards card in my login, the same thing happened when I got my Merrill+ card. I have 40,000 of 46,000 used (personal) and 30,000 of 31,000 used biz card and 9800 of 10,000 power rewards card and I just got a 0% 9 month 75 fee offer on the 31,000 account that is 97% used LOL!

BofA is 1 strange animal, I'm starting to think that their biz cards are seperate like CITIs biz cards ( CITI trio)

Glitch99 said:lhendricks92 said:That is excellent information. It almost sounds like you shouldn't bother to reallocate/consolidate BofA biz lines if each line has its own credit bucket. Very unusual that they wouldn't aggregate a max exposure - they certainly do on the personal side. This could also relate to this theory/discussion. Since I've never carried a non-promotional rate balance on any of these accounts, does this make my cumulative profile inherently less risky and thus justify the otherwise unreasonable combined limit? If it wouldnt be so expensive, I'd be tempted to let my promo balances roll into standard rates just to see if the love gets more generous or is taken away.

I've done both Glitch and LUV just keeps coming, I forgot to mention I CLIed my 3,000 bofa personal to 10,000 after I CLRed all my BofA personal cards to my merrill+ card.

I just CLIed my Suntrust (Fia) from 600 to 20,000 but they countered with 900 . But BofA doesn't carry Suntrusts cards anymore. So I wasn't real surprised.

Venturion said:Got the Experian BRRRR confirmation tonight via mail. Watching Brian's Chase results, I'm likely going to revamp to do a smaller run of the co-branded Chase cards with just one of the business entities and also re-apply for the cards I closed after consolidation on the sole-P during last A0R. Will also do Advanta. Still need to call Nat City, Bank Atlantic, and AMEX.

The Brrrrr is great until they tell you they want to see it. But so far I've only lost 2 accounts. Upside is my EXP INQs are 5 months old and I'm still getting new approvals very often. I can keep this up all year

You can also decide who you want to see your EXP if you REALLY want a card, instead of everyone pulling it. Maybe later you can apply with the 1's that wanted to see it. My little trick I pulled on CRAP1 is a perfect example of me saving an experian INQ.

I AORed in
Sept
Nov
Dec mini
Jan mini
Feb mini

Remember these cards are really like NO DOC loans, Maybe it has something to do with that.

Example

You have 2 cards over 25,000, those amounts need documentation of income or assets UNLESS

Maybe their age, history of payments or ???

Maybe thats why we see very few approvals over 25,000.

If we could figure out what the criteria is, I think it would help alot.