I thought I would update you all on my progress for my latest credit card app-o-rama. I’m sure some of you are aghast at this, but I plan to simply take advantage of the “free money” from the credit card offers and not to rack up debt against them.

I applied for all these cards on July 20th and have had mixed results between the card providers. Some were very speedy where I still have not received anything back from others.

Here is the current status on the 0% card applications:

Problems With Specific Cards

I was denied the Discover More Card and received a letter in the mail stating it was due to “Credit history established on your account”. Thanks for the detailed explanation Discover. My guess is that it was because I already have another Discover card with a 0% offer out on it that they do not want to give me another card. I don’t really have any desire to call to find out if that is really the case.

I also applied for the Chase United Business Card as part of this process in order to get the 25,000 free miles they were offering upon approval. Unfortunately they have been a real pain. Chase called me to say they couldn’t find my business in any records, so I faxed them a copy of my business license. Apparently that was not good enough, as they called again and asked if I had any other documentation so I faxed them a copy of the 2006 business tax returns. The first call was ok, but the lady on the second was very rude about it. This was on Friday and I have not heard back from them yet.

Good Experiences With Others

The service at the Bank of America NEA WorldPoints was great. I talked with a very friendly CSR who waived the $30 balance transfer fee for me. One of the better credit card companies I have spoken to, and it was also the first card I received in the mail.

The others have just had automated phone systems for activation which is easy enough.

Final Thoughts

I was a little disappointed with the credit limits I received from Chase and Advanta. For Chase I’m not sure $4,000 is worth the $75 balance transfer fee and hassle of keeping up with it especially after the business card experience.

So far I have been given $55,900 in 0% credit from this process. Hopefully I will hear from Citi this week about the two outstanding card applications with them as well.

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