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Could you send me the required information to sign up & get the virtual Bank bonus please

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Hi Hustler,

Let me just say for the record that your blogs rock my face off.

But I have a question about your previous post about the Advanta Life of Balance Credit Card. You mentioned something about putting one’s car loan on the card. That’d be an awesome move for me- if I could figure out how to do it.

So my question is, how does one turn a traditional bank loan into a credit card balance so that he can transfer it and get the awesome balance transfer interest rate? Do you have to use one of those paper checks that come in the mail sometimes? Or do you have to take out a cash advance? Or is there some other way that you know of (perhaps that doesn’t involve a 3% fee…)?

Thanks Hustla,
Ed

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Hi, Small correction. Amex Blue Cash does not give 1.5% rewards. Grocery stores pay 1%. Most of everything else is 1/2%. Also, I had a credit score of 725 (excellent) with Experian (Amex’s own credit bureau). Blue Cash gave me a limit of 1990. A couple of months later, I tried to get it increased. My credit score was now 775 (max is 850), so this is more excellent and I was rejected. It would take me much too long with this credit limit to get to the point where I earn 5%. I prefer my Schwab 2% card. I think Amex drastically restricts the 5% usage deliberately. I have 2 other Amex cards which are linked with the Blue Cash card. I have a credit limit of $11,000 on one, and, on my business card, no credit limit. They also refused to shift the credit limit from either card to the Blue Cash. I would never have applied had I known how restrictive Blue Cash was. My credit score suffers from this unnecessary hard credit pull.

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