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BBRZMC

Frequent Contributor

BBRZMC

Looks like I'll be closing this card at the end of the month.  I called the HSBC backdoor numbe for a CLI, I transfered to another dept asked for CLI, gave my information was told it will be looked at.  Checked email today an alert from USAA CMS, Cap1 HP on EQ.  I don't have a cap1 card, called the number then remembered I do have one, BBRZMC ughhhhhhh, HP and CLI declined, will get letter in mail.  Lowest limit 500 and cap1 to boot, I think CLI's are done for with that one.  If I need anything from BB I'll just put it on my Freedom or my Discover for some real rewards.

01/06/2015 Walmart TU 726
01/06/2015MyFico EQ 705
01/10/2014 USAA FAKO EX 728, EQ 728, TU 728
Discover It $1700, USAA Cash Rewards AMEX $11K, USAA Rewards Platinum MC $12K, CareCredit $13.2K, Chase Freedom $5000, Walmart $4500, Lowes $9800, QVC $1200, HSN $2350, Macys Red Star Store $2900, Paypal smart connect $4022, VS Angelcard $1200, Amazon Store $2500, BCE $4K, Sam's Club Discover $8500, Home Depot $7200, FNBO AMEX $7800
12 REPLIES
Moderator Emeritus

Re: BBRZMC

No growth with Cap1.  RIP

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Contributor

Re: BBRZMC

Never saw the advantage of store cards myself, especially if you have ggod cards with solid rewards. My USAA visa doesnt have great rewrds but the USAA shopping mall offers x2-x7 points when you use the mall to shop so it makes up for it.

*USAA WORLD MC 18k* *USAA VISA 12k* *AMEX BCE 10k* *DISCOVER IT 15k* *AMEX ZYNC* *B of A SIGNATURE CASH 15k* *NAVY FEDERAL PLATINUM 20k* *CITI DOUBLE CASH 15k* *Veridian CU 14k* *Barclays Apple 12.5k*

Valued Contributor

Re: BBRZMC

+1 

 

I kicked them to the curb earlier this year, the AF is killer. I knew that CLI's would be out of the question. It was nice to shop in the store for stuff, but honestly I was allready buying 90% of my electronics from either Amazon, NewEgg or Tiger Direct better prices. From time to time Chase offeres  5pts per dollar on purchases at NewEgg. Thats even better than the bbrzmc.  

Cards: Chase Southwest 20k & CSR 10k & CSP 10k & Freedom 6.6k & Amtrak/Freedom 4.6k, FNBO DISC 25.1k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 10k, Paypal Extras MC 7.5k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5.9k, Walmart 10k, Citi Simplicity 9k, Discover IT 16k and a nice stack of store cards.
Last APP/HP 5/15/2017 Marcus Loan. 30k
Established Contributor

Re: BBRZMC


Shogun wrote:

No growth with Cap1.  RIP


Capital One truly needs to find a way to build a bridge between their rebuilder cards and their prime cards. They have been able to do what many credit card companies have been unable to do which is why I have been long their stock since it was $40 a couple years ago.

 

The majority of CC companies are Prime only (Chase, AMEX, Citi) or Subprime only (First Premier, CreditOne). Capital One is both. They have the ability to generate revenue on fee based subprime cards AND interest/swipe-fee based prime cards. However they have a high turnover rate with their subprime cards as compared to their prime cards. I would venture (no pun) a guess that it is because they lack the CL-growth and demands of their semi-prime customers (620-680) and thus lose them as customers.

 

The scary thing is that former cardmembers are unlikely to go back to Capital One after closing their rebuilder card once they reach levels that would qualify them for their Venture or their other prime cards.

AMEX SPG $20K | Citi TY Premier $20k | PenFed PlatRewards $25k | Barclay Arrival+ 40k | Chase Freedom $20k | BofA AMEX $15k | Discover IT $10k | | NASA Platinum-Advantage $10k | CapOne Quicksilver $10k | Amazon Card $10k | NASA PLOC $30k @ 8.25% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
Mega Contributor

Re: BBRZMC

Cap1 does give CLI's on the store card, im not sure about the RZMC.




EQ FICO 548 3/3/16
Valued Member

Re: BBRZMC

Earlier this week (Mon or Tue), I hit the luv button and was instantly approved for a $300 CLI. It wasn't a hard pull. It's still a toy limit (went from $400 to $700), but they DO give CLI's. This card started at $100 two years ago. Mine is the one without an AF.

2007 - All Scores low 500's
06 DEC 2010 - EQ 696: TU (FAKO) 720: EX (FAKO) 730 (650 pulled by GMAC)
3/10 BBRZMC $100, 9/12 $700; 9/10 USAA Plat. MC $3000; 12/10 Barclaycard (iTunes) Visa $2500 now $4200; 12/10 Citi Forward Visa $5000, 6/11 $6200; 12/10 AMEX Zync; 4/11 BofA CR Sig Visa $5000; 9/12 AMEX Hilton HHonors Surpass $1000; 9/12 Discover IT $1000
Mega Contributor

Re: BBRZMC


Mace wrote:

Earlier this week (Mon or Tue), I hit the luv button and was instantly approved for a $300 CLI. It wasn't a hard pull. It's still a toy limit (went from $400 to $700), but they DO give CLI's. This card started at $100 two years ago. Mine is the one without an AF.


Smiley Very Happy

 

I thought GECRB was bad with the $150 CL's..................

 




EQ FICO 548 3/3/16
Frequent Contributor

Re: BBRZMC

I had gotten a CLI from 300 to 500 when it was still with HSBC.  I don't know if that has anything to do with it, but it's coming up for AF in Oct, so if I don't get any love it's getting closed a becoming a part of my rebuilding history.

01/06/2015 Walmart TU 726
01/06/2015MyFico EQ 705
01/10/2014 USAA FAKO EX 728, EQ 728, TU 728
Discover It $1700, USAA Cash Rewards AMEX $11K, USAA Rewards Platinum MC $12K, CareCredit $13.2K, Chase Freedom $5000, Walmart $4500, Lowes $9800, QVC $1200, HSN $2350, Macys Red Star Store $2900, Paypal smart connect $4022, VS Angelcard $1200, Amazon Store $2500, BCE $4K, Sam's Club Discover $8500, Home Depot $7200, FNBO AMEX $7800
Valued Member

Re: BBRZMC

Two of the CLI's were while it was still HSBC. The most recent was, obviously, Cap 1. The initial $100 CL on this card was a joke but it was my first card in about eight or nine years so I was happy to get it. If not for that card and it's joke of a CL, I wouldn't have the cards I have now, wouldn't have been able to get my car loan, and wouldn't have been able to buy a house earlier this year.

2007 - All Scores low 500's
06 DEC 2010 - EQ 696: TU (FAKO) 720: EX (FAKO) 730 (650 pulled by GMAC)
3/10 BBRZMC $100, 9/12 $700; 9/10 USAA Plat. MC $3000; 12/10 Barclaycard (iTunes) Visa $2500 now $4200; 12/10 Citi Forward Visa $5000, 6/11 $6200; 12/10 AMEX Zync; 4/11 BofA CR Sig Visa $5000; 9/12 AMEX Hilton HHonors Surpass $1000; 9/12 Discover IT $1000