V2.0 Complete Biz / Personal 29 card A0R; V3.0 Planning Phase

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Venturion said: Any advice Clyde? I thought of calling the number provided with the rejection. I have 2 biz BofA cards and 2 personal BofA cards with total CL of ~90K and utilization of $19K all on the biz side. I also applied for a platinum plus pre-approved bofa card from jakeru that claims to have limits up to $100K. That is pending and I am definitely going to wait until that finishing processing before calling about the other boa cards. The optimal solution is to wait a few days, unfreeze EXP (may be a few late pulls?) and then apply only for the BofA cards (might freeze TU and EQ at that time). Thoughts, advice?

Does that mean the BofA pre-approved pulled a diferent 1, if thats the case then I suggest finding another BofA who will not want to pull EXP.

But if you don't mind a few EXP pulls, I agree with your last statement and was thinking the same thing about freezing the TU and EQ then unfreeze. Either way, I think your in control now!!!

My AMEX letter says to unfreeze ALL MY REPORTS, screw them!!

Haven't received the cards, but reporting today with zero balance:
$20K CitiPro
$12.7K National Parks

Result: handy drop in utilization and nice 14 point boost to TU score (760).

Spoke with credit analyst at BofA. He could see both co-branded cards that were denied due to not being able to pull Experian. The Platinum Plus pre-approved provided by Jakeru was also in limbo. He pulled TU after I explained the freeze. The $80K+ CL would require around $500K in income and/or $500K in liquid assets. He was willing to give $30K with my stats. Big factor was likely my $65K CL sitting idle on my Usair card.

Win - I put my SS# on all my apps as requested. Curious to see how your scenario turns out.

Mail delivery resumes today - lets see what turns up, especially with Chase.

So Venturion

Your saying you got BofA to pull TU for the 100,000 app. Did you take the 30,000? (maybe a dumb question)

Would he use that for the other 2 apps? I would explain that Experian hasn't sent the code yet, and they can clearly see on your TU that you are a prime borrower. Just a thought.

Good luck with BoA, You have BALLS! I would of jumped on the 30,000 offer, are you sending DOCs to get more.

I failed to mention, I already recieved the 10,000 us bank card and the 15,000 was mailed on Friday.

Give me just two or three days to work out the BofA details and then I'll share - I promise.

A little lottery in the mail tonight:
$20K from Capital One - woohoo. If I'm lucky, I'll get another $2.5K CLI when doing the BT like last time.*

I also got rejections from:
1. State Farm - "too many inquiries in the last 6 months" - I called; CSR thought app was denied b/c my $35K BT request exceeded the $25K limit. She offered to run the app again without another pull. I accepted and she asked if I had been house or car hunting (looking for a reason to overlook the multiple inquiries, which may have shown as many as 10 from TU that day). Of course I said yes - I have been car hunting. I was approved for $10K and she scheduled for another CSR to call me back tomorrow to figure what paperwork I could send in to get an even larger line. I asked for $25K.
2. RBS - "unable to verify credit references as provided." I don't know what that means. There is a number to call for "reconsideration." It was closed so I'll redial tomorrow. Letter claims Equifax was pulled.

I also received:
$20K Citi Professional
$10K ESPN WAMU

Good day for mail. Still waiting for Chase results and I'll let you know as soon as I BofA strategy has a result.

* So Cap1 may differ from Advanta in permitting more than 1 card per PG for multiple business entities. I consider myself fortunate in getting two $20K lines from Cap1.

The holidays continue... RBS approved over the phone this morning. I suspect all of my bottom half applications are going to require this type of finessing because of the multiple inquiries from Citi, Chase, etc. from the top half. This is exactly what the RBS person said (mirroring the State Farm person yesterday). And both asked/looked for reasons to overlook the inquiries. So that's two reversed decisions. Should I try the infamously difficult FNBO for a third reversal? I'm going to send in Pulaski info today (CSR indicated a HHI of over $120K will qualify for highest line of $20K). PS. RBS CSR didn't have the CL yet, so will find out in the mail in a few days.

PPS. Got the advanta approval - no CL yet.

Inq: 6EX, 1EQ*, 5TU
Scores: 781CS, 756TC, 762TC

*Credit Win for VERY fast and effective online disputing technique.

+ NCIP, PM123, CS, and CK for B*

Venturion said: Inq: 6EX, 1EQ*, 5TU
Scores: 781CS, 756TC, 762TC

*Credit Win for VERY fast and effective online disputing technique.

+ NCIP, PM123, CS, and KC for B*

What is KC in the above post? I am having some odd issues with NCIP so I'm looking to add another service for B*, thanks.

nice going.would love to see how the boa action ends.

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.