MyCardBlog

I received an email from Daren who is “a loyal MyCardBlog.com” reader about his newly launched App-O-Rama. Daren completed his AOR a few weeks ago, and “it’s time to report the results and some nuggets of info and techniques gleaned in the process.”

App-O-Rama is a concentrated spree of applying for new credit and higher credit limits. The most important thing to do before an AOR is to pretty up your credit scores to present the most attractive picture to potential creditors. The trick of an AOR is by applying for many credit cards in a short time period (in an hour or so), you don’t let the creditors see the new accounts and inquiries while they’re considering your applications. You chances to get approved by a credit card issuer is significantly increased in this strategy. For brief introduction of App-O-Rama, you can refer to App-O-Rama. For detailed guidance on how to prepare an AOR, you can refer to App-O-Rama (AOR): Profting from Credit.

Let’s see how Daren prepared his AOR.

Pre-AOR Preparation

1. Increase current credit cards’ limit through online account. (NO way with Chase to avoid hard pull, so I gave up with Chase Card.)

2. Pay off all of credit card balances.

3. Find out all of the credit cards that I would apply for and get the links to those credit cards.

4. Check my credit report at www.annualcreditreport.com to make sure that everything is fine.

Goal: credit card sign-up bonuses

Credit score from creditkarma.com 773 (TransUnion)

Current Accounts:

Chase Perfect Card, 5k since 01/07

Citi Diamond Preferred Rewards Card, 8K since 07/05

American Express Blue Cash Card, 12k since 02/06

Age: 29, HHI: 120K

AOR Result

• Citi Business Card with ThankYou Network—–Approved, $10k CL
• Citi Platinum Select AAdvantage World MasterCard—-Declined
• Citi Professional Card with ThankYou Network–Approved, 12K CL
• Chase Freedom Visa Card—————————Approved, $8.8K CL
• AMEX Preferred Rewards Gold Card————Approved, $18K CL
• The Gold Card from American Express OPEN———Approved
• AMEX In Chicago——————————-Declined
• One from American Express——————Declined
• Gold Delta SkyMiles Card——————Declined
• AMEX Starwood Preferred Guest Card—————–Approved, $8K CL
• Chase Sony Card————–Declined (too many inquiries)
• Chase United Mileage Visa Card——Approved, 11K CL
• Discover More Card——–Approved, $7.5K CL (use code to get $100 after spending $500)
• Discover Business Card———Approved, 6K CL

Total earnings is around $1250(100 points=$1, 100 miles=$1) in about 1 hour!