MikeR397's AOR 2.0 - Stage 3 of 4 Complete - Over $400k thus far

the 5th 3rd is only available in certain states, but there are cobranded banks that offer a 5th 3rd serviced card nationwide.

dl73 said: Mike, in case you still hadn't heard about your BOA Platinum Plus, I applied using your link (thank you) and even though I've yet to hear from them either, the card showed up online with my other accounts a couple days after I submitted my app. I see you have another BOA card so if you're as impatient as me you might want to login and check. I called them and reallocated a chunk of credit from my other card, plus they did the no fee BT right into my checking acct, couldn't be easier!

Were you able to reallocate without the actual card in hand? I was instantly approved for the same card, and I also see it online with my other BoA accounts, but I still haven't received the card yet.

ahself said: Were you able to reallocate without the actual card in hand? I was instantly approved for the same card, and I also see it online with my other BoA accounts, but I still haven't received the card yet.

Yes, was able to reallocate and initiate the balance transfer without receiving the card, they just had to do a few extra security steps/questions. I saw the reallocation show online immediately after I got off the phone.

UnixLab said: MikeR397 said: FYI - I cancelled my Advanta card less than 2 weeks ago and applied for a new one yesterday (to escape their one card rule), and got an email that I was approved this morning . No word on the CL yet. Pretty good fact, given thier 15 mo BT offer.

Does anyone know if you already had a Bank Atlantic biz card, do you need to close it before reapply or you can just apply for 2nd one and merge CL later?

For those of you done AOR biz with 15 mon. term, do you in a hurry to pay it off when you pay your personal card off when 12 mon. term is up and ready for next round? Since it pulls personal credit report, can I assume it won't affect my next round AOR for biz and take the full advantage of 15 months?
I'm a little confused by your post, so I'll just tell you what I know. Every small business credit card I've applied for, including the Bank Atlantic card, generated a hard credit inquiry on my personal report. The difference is that the account balances don't show on your personal credit reports. The only exception to that I've seen so far is the CitiProfessional Card, which shows on my personal credit reports. But that's more of a hybrid card than a true business card. So the account balances on your business cards shouldn't affect your personal credit reports, including your credit scores.

In summary, you must consider your personal credit card balances before you embark on either a personal AOR, a business AOR, or a combination of the two.

UnixLab said: Thanks glxpass.

for example, You do AOR on both personal and Biz 12 months ago. you got Bank Atlantic 0% for 15mon. Now, 12 months later, you have paid off all your personal card "debt" from AOR and ready to go on another AOR. Should I pay off the rest balance on Bank Atlantic before you start the new combined AOR even they are 3 more months to go. Or you can start AOR without pay off Bank Atlantic debt and it won't affect your new biz card application.

And I am also curious about if anyone who currently have Bank Atlantic biz try to get the same card for 2nd time without cancel the old card.
If your business credit balances aren't revealed on your personal credit report, then I'd say you can start a personal-only AOR, as long as inquiries have dropped off, and accounts have aged adequately, IOW, your FICO scores have recovered. I can think of one possible exception to this, however: If one of the personal cards is from the same issuer as an ongoing business BT, then that information might be exposed. For example, if you had a new Juniper National Park Foundation personal card (a Barclay's card), and an on-going BT with BankAtantic BusinessCard (also a Barclay's card), then I don't know whether they'd be visible to one another and possibly cause adverse action by Barclay's.

jackcrawfish said: I expect 30+ green for you on this one.It's official... 31 positive and the ever negative poo = 30 green for your thread, Mike.

Will you apply for a WAMU account (after logging in to see offer)?

jackcrawfish said: jackcrawfish said: I expect 30+ green for you on this one.It's official... 31 positive and the ever negative poo = 30 green for your thread, Mike.

I suspect this will unleash a virtuous circle. At least I fell for it: I gave it green now.

^^ I tipped, but I would have tipped for a drink that cost money as well, so the tip is really a sunk cost, not to be included in my price analysis.

Green for MikeR. I appreciate your candor.

These reports are most helpful when they include all the details.

I have to admit that I was a bit nervous for you when you started and I'm happy that it seems to be turning out OK- with the exception of Citi.

The fact that you use Citi as a daily spender *should* help your case-- Citi loves usage. If you can offer them
proof of assets it may make them more comfortable.

The trick will be getting to speak to the right person.

I hope you're successful- let us know how it goes.

Wonderful thread, Mike - full of great info. Was that Wachovia app by phone? If so, what did they say? Also, I might have missed it, but what revenue did you put on the biz apps, and is the biz reporting anywhere?

MASSIVE MASSIVE MASSIVE CITI ADVERSE ACTION. LET ME REPEAT, MASSIVE.

CITI HAS CLOSED EVERY CREDIT CARD FOR EVERY PERSON IN MY ENTIRE FAMILY. ALL OLD CARDS (SOME LIKE 8 YEARS OLD) TO ALL NEW CARDS. OVER 20 CARDS CLOSED, PERSONAL AND BUSINESS, ALL ASSOCIATED CARDS (KEY AND ASSOCIATED BANK ALSO CLOSED).

None of the cards were AU cards, some of them were used for daily spenders. No one has ever missed a payment, and everyone's credit scores were 700+. My mom, dad, sister, and myself have had every Citi card closed. We each got letters in the mail stating all the accounts were closed. My sister and I have done a recent AOR, but my mom and dad have not applied for any credit for 13 months. Mom has $0 balances reporting also. There is no reason given on their closure letters. It says "Specifically, your credit report indicates." No reason at all.

I'm going to fight this but it does not spell good news at all, especially since mom and dad have not applied for any credit and mom's credit reports indicate $0 balances right now.

It appears basically what happened is that they noticed that my family has individually borrowed a lot of credit with them, and then closed all my mom and dad's credit cards at a random time, depsite them not having applied recently. To make matters worse, they have locked some (keybank) of the online logins so I can't even view my balances to make a payment without calling.

Pretty good data point (in addition to the previous thread on Citi AA), about thier new postion on risk management.

del

What kind of balances with Citi, personal and business, did everyone have when they closed the cards? See if you can find the A/R soft pulls from Citi (mine are always EQ) to determine exactly when they started the process.

Have fun on your trip, and don't worry about Citi. Given mom and dad's lengthy credit history, you should be able to get some lines restored. (It's possible - you've seen my story.)

lhendricks92 said: What kind of balances with Citi, personal and business, did everyone have when they closed the cards? See if you can find the A/R soft pulls from Citi (mine are always EQ) to determine exactly when they started the process.

Have fun on your trip, and don't worry about Citi. Given mom and dad's lengthy credit history, you should be able to get some lines restored. (It's possible - you've seen my story.)Thanks for the optimism. Me, sis, and mom had $0 balances with citi at the time. Dad had about $12k personal, $17k on the Keybank card, and about $18k on the professional, no business.

Where can I see the soft pulls? The only time I've seen them is getting my free annual credit report. I don't think TrueCredit, CreditProtect, or CreditSecure shows them, do they?

MikeR397 said: EvilCapitalist said: Do all people in your family whose CCS Citi closed share identical address somewhere on the credit report?Yes, the address is the common link (and last name).

That is probably the key. I can't imagine they could even figure out who to target otherwise.

Damn! I feel for you.
The conspiracy-nut inside me says they read this thread, and found you based on the whole family picture.

A few days on the beach should do you good.

MikeR397 said: MASSIVE MASSIVE MASSIVE CITI ADVERSE ACTION. LET ME REPEAT, MASSIVE.

CITI HAS CLOSED EVERY CREDIT CARD FOR EVERY PERSON IN MY ENTIRE FAMILY. ALL OLD CARDS (SOME LIKE 8 YEARS OLD) TO ALL NEW CARDS. OVER 20 CARDS CLOSED, PERSONAL AND BUSINESS, ALL ASSOCIATED CARDS (KEY AND ASSOCIATED BANK ALSO CLOSED).
My finger almost burns to green this post, but you know what we mean, Mike. Best of luck.

TyroneSchulace said: Damn! I feel for you.
The conspiracy-nut inside me says they read this thread, and found you based on the whole family picture.

GMTA

peteypablo said: I think Citi, BOA and Chase are all adopting a new strategy of reviewing everyone at the same address when they find a situation that concerns them. OP describes massive adverse action by Citibank. I have seen similar action by BOA. They reviewed and closed every account at my address, including my wife's accounts (with relatively low balances) and those of two college student sons. I half expect the same treatment from Chase in another month.

I think these banks are violating federal law by considering the credit of other people at the same address. OP's example is the most clear; they closed accounts that presented no problem at all considered on their own, and in fact were unable to even give a reason for the closing in some cases. Surely it is not legal to close an account simply because you live with people who are credit risks. Each of us has the right to be considered on his or her own merits. Most of the reasons given are clearly trumped up.

I agree that it's an outrageous reaction, but then so is "universal default". And they do ask about "household income" when you apply, so it's no surprise that they should deal with you as a household and not an individual. All in all, I suspect that everything is covered somewhere in the fine print.

markkundinger said: I just want to confirm that all the citibank accounts were truly segregated from each other (no joint or AU going on). Also, do you have any citibank deposit accounts in the mix, with any joint-linking going on?

Agree that it sounds like you got nailed via the shared address.Correct, absolutely not 1 shared account at all. No desposit accounts at all, only credit cards with Citi.

Also, to make matters worse, I've been fighting to get my Cash Rewards card open for 2 weeks...The first week the manager who reviews this for me was on a business trip, and now this entire week she is on vacation, and apparantly there is no one else there that can reveiw my account. The further problem is that I really can't get obnoxious and demand review now b/c that can't help my chances. I'm pretty much at Citi's whim.