Rolling Over Credit Card Debt - Strategy and ?s regarding 0% Credit Cards in Post App-orama World

[drchaos]

Thanks for the list but I just decided to let things rip as I wasn't optimistic about the balance dispute.

Navy Federal Credit Union will take 24-48 hours to approve my application.

I could not find a link to apply for the Edward Jones Card.

BOA, Chase, Wells Fargo, AMEX, and TD Bank all approved my applications.

Wells Fargo gave me $20K and I think one of the other cards was in the $5-8K range.

I really wasn't paying much attention to the amounts as I was trying to apply for all of the cards as quickly as possible.

I will post more results here when I have them.

[omgitsMatt]

---

@drchaos wrote:

Thanks for the list but I just decided to let things rip as I wasn't optimistic about the balance dispute.

Navy Federal Credit Union will take 24-48 hours to approve my application.

I could not find a link to apply for the Edward Jones Card.

BOA, Chase, Wells Fargo, AMEX, and TD Bank all approved my applications.

Wells Fargo gave me $20K and I think one of the other cards was in the $5-8K range.

I really wasn't paying much attention to the amounts as I was trying to apply for all of the cards as quickly as possible.

I will post more results here when I have them.

---

It sounds like you got some good results, I hope all the numbers add up in the end. Good job

[omgitsMatt]

The only thing that could have been done differently is not trying to change the due dates for a quicker profile update, otherwise you did everything you could to maximize this.

[drchaos]

If you read through the thread, the idea was suggested by one of the board members.

It was a huge mistake to follow it.

I did get my approvals but would have gotten higher limits had I not made this mistake.

If you are going to attempt to change your dates for the stars to align properly you need to do it at least three months ahead of time.

Doing it at the last minute was a bad idea.

What also hurt me was the credit card company telling me the wrong information.

If I knew sooner and did the dispute over a week ago, i might have had enough time for the disputes to succeed.

No point in crying over spilt milk.

Never going to make this mistake again.

[omgitsMatt]

I wish I had been paying attention sooner, I would have suggested against it for sure. I've switched a few due dates and also was tracking the reporting afterwards, it always slowed thing down, never made them quicker.

It was an honest mistake, it seems to all be working out and we learned something from it.

---

@drchaos wrote:

If you read through the thread, the idea was suggested by one of the board members.

It was a huge mistake to follow it.

I did get my approvals but would have gotten higher limits had I not made this mistake.

If you are going to attempt to change your dates for the stars to align properly you need to do it at least three months ahead of time.

Doing it at the last minute was a bad idea.

What also hurt me was the credit card company telling me the wrong information.

If I knew sooner and did the dispute over a week ago, i might have had enough time for the disputes to succeed.

No point in crying over spilt milk.

Never going to make this mistake again.

---

[drchaos]

Here is what I have so far:

Bank of America $14,000 on new card and $50,000 on existing card

Chase $8,500 on new card and $16,400 on existing card

Wells Fargo $20,000 on new card and $19,000 on existing card

AMEX $10,000 on Business Card, Existing card reduced from $25,000 to $6,400, forget how much is available on new card.

TD Bank $10,199.88 on Business Card, New card $5,000 and existing card $23,253

Navy Federal Pending applictation and $8,100 on existing card.

I will seek to move some of the available credit to the new cards soon.

[omgitsMatt]

---

@drchaos wrote:

Here is what I have so far:

Bank of America $14,000 on new card and $50,000 on existing card

Chase $8,500 on new card and $16,400 on existing card

Wells Fargo $20,000 on new card and $19,000 on existing card

AMEX $10,000 on Business Card, Existing card reduced from $25,000 to $6,400, forget how much is available on new card.

TD Bank $10,199.88 on Business Card, New card $5,000 and existing card $23,253

Navy Federal Pending applictation and $8,100 on existing card.

I will seek to move some of the available credit to the new cards soon.

---

The tough part with NFCU is they track trending data so well if you're an existing member and their internal score doesn't forget the months leading up to the application. I hope that one pans out still

[omgitsMatt]

How did NFCU go?

You probably already know, but Chase, Wells Fargo, NFCU and Amex allow you to reallocate.

- Chase is easy from what I've read.

- Amex is easy too, but they limit BTs to 10k or 70% of the cards limit.

- Wells Fargo requires the account to have no activity for 6 months unfortunately.

- NFCU requires you to have the card at 0 that you want to steal limits from and you have to call and specify its for a BT, otherwise they deny you.

What I'm curious about is, will NFCU allow you to reallocate to a _new_ account then initate a balance transfer? I'll try to look it up later

[omgitsMatt]

Otherwise, how did you do? Did you accomplish what you wanted?

[drchaos]

Thanks for your inquiry.

Navy Federal Credit Union is asking for more information and I don't really need the card so I am not going to waste more time with them.

Final results are as follows:

1. BOA Ultimate Cash Rewards $14,000 (Existing card still has $50,000 limit)

2. Chase  Freedom Flex $8,500 (Existing Card still has $16,400 limit)

3. Wells Fargo Activa Cash VISA $20,000 (Existing Card still has $19,000 limit)

4. Amex Blu Cash Everyday Card $23,400 (Existing Personal card limit reduced from $25,000 to $6,400, Also have Business card with $10,000 limit)

5. TD Bank Double Up card $5,000 (Existing Personal Card now has a $25,000 limit, Business Card has $10,500 limit)

Total limit on the new cards is $70,900.

I plan to move some of the availability from exisiting cards.

The BOA card is one of my oldest so I will probably keep at least a $1,000 limit on that one.