This Series has been updates: The Definitive Guide to Hustlermoneyblog Part 3
A few recent comments recommend to only apply around twenty cards due to some rejections. Although I feel that would be a fine route, I feel the best way to go if you have good credit is to apply at a minimum 50 credit cards. Why do I feel this way? Lets take Chase credit cards for example. They do not limit you to the amount of cards you can get. Say you only get around 3 or 4 Chase cards with 0% APR BT for 12 months and you got approve to say 15 Chase Cards. You want to Transfer Credit from all the crappy Chase cards to your Chase 0% apr card by calling CSR. Hence, this will increase your credit limit on your 0% APR Chase Cards three-or fourfold. This mega App-O-Rama would be best to hit them in a short time frame, preferably on a weekday from 8-12AM. However some issuers will only limit you to a few cards. Who are they?
- Citi Cards: Allow 2 main cards every 60 days, however you can apply to these Co-Brand-Name Citi cards also: Good list of Citi Cards
- Discover Cards: 2-3 Limit
Here are the no limit ones, although they will catch on quick:
- American Express: No Limit
- Chase Cards: No Limit
- Bank of America: No Limit
- Capital One: Not sure
Here is a good list from fatwallet:
Card———————– Bonus ——————— BT Offer
Chase SonyStyle———— $150 ———————- 0% for 12 months with $75 fee apply here
Citi Simplicity Rewards—- $100 ———————- 0% for 12 months with no fee apply here
Citi Professional SM——- $150+$40 cardoffers ——- 0% for 12 months with no fee apply here
Chase Cash Plus Rewards—- $100 ———————- 0% for 12 months with $75 fee apply here
Citi AT&T Universal——– $50+$30 cardoffers ——– 0% for 12 months with no fee apply here
BofA Money Return———- $30 cardoffers ———— 0% for 6 months with no fee apply here
BofA Worldpoints———– $75 ———————– 0% for 12 months with 3% fee apply here
Discover Miles————- $75+$40 cardoffers ——– 0% for 12 months with no fee apply here
AMEX Starwood*————- $100+$40 cardoffers ——- No BT offer apply here
PNC Platinum Rewards——- $50———————— 0% for 12 months with no fee apply here
BofA Rewards AMEX———- $50 ———————– 0% for 12 months with 3% fee apply here
Chase Priority Club**—— $120 ———————- No BT offer apply here
AMEX Blue—————— $50 ———————– No BT Offer (0% upto 15 months on purchases) apply here
GE Money Platinum———- $0 ———————— 0% for 12 months with $75 fee apply here
Capital One Platinum——- $0 ———————— 0% for 12 months with $75 fee apply here
Citi Diamond Preferred—– $50+$30 from cardoffers—- 0% for 12 months with $75 fee apply here
Krogers 1-2-3 Rewards—— $0 ———————— 0% for 12 months with $60 fee apply here
HSBC GM Flexible———– $35 from cardoffers——– 0% for 12 months with $75 fee apply here
First National Rewards—– $50 ———————– 0% for 9 months with $75 fee apply here
I would recommend apply to all the cash reward cards from cardoffers.com, again, you must be a member. I estimate that you should get at least $500 cash bonus from cardoffers alone. Yes, double dipping from them and the Credit cards company.
How to apply for business cards if you don’t have a business? Easy, I’m pretty sure you have sold something on Ebay. That would make you a sole-proprietorship. Make sure you put your name as your business name and your social security # as your tax id number. Here is a good list of business cards.
Business credit cards are great because they do not go on your credit report. You can BT to the max and not worry about debt-credit limit ratio.
If you have a home, it might be a good idea to apply some Home Equity Line of Credit (HELOC) loans. Why? Because this is just like a credit card. You don’t have to spend it, and some has 0% Apr intro offers with no fees. Worst scenario, this will increase your credit limit overall, hence making your debt-ratio lower when you do balance transfer later on those 0% APR credit cards.
Any application tips you wonder? Well, tell the truth about employment and housing information, but reach for the sky when ask about financial household income. If you are a college student, your household income should be your mom, dad, brothers and sisters + any “relative” that lives with you combine. When ask if you want to balance transfer now on the application, I would delay this because you want to see what you can get first from the same issuer and later to combine credit limit on one card for Balance Transfer. Now go apply with your roboform, and come back a couple days later for more info on what to do next.