The underwriting criteria for CSP/BCP and others has fallen through the floor, SPG too and Barclay Ring wasn't that hard to obtain previously.
My consideration for difficult to obtain is near gold-plated, somewhere around 740 FICO and established tradelines, no thinnish file either.
Most cards that are generally considered to be goal cards by most of the forum have dropped to 680 FICO underwriting or so, where before that wouldn't have passed muster for either Amex or Chase on their pinnacle products available to mortals.
US Bank Cash+ may be one of the next hardest honestly, there just doesn't seem to be many out of the reach of the average FICOed person anymore.
Will probably change eventually but it's a good time to be in a spot to upgrade your cards. Really wish I'd started this journey a year earlier
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 648, Wally TU 673, EX 687 (06/15/13)
Goal Score: 680 in all three (01/01/14)
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One card for a year isn't going to cut t still in my opinion with them even north of 700 FICO typically though every credit profile is individual to the consume and as such YMMV
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 648, Wally TU 673, EX 687 (06/15/13)
Goal Score: 680 in all three (01/01/14)
Take the FICO Fitness Challenge
Revelate wrote:
Other than the Penfed top tier cards, I'm not certain there are any anymore.
The underwriting criteria for CSP/BCP and others has fallen through the floor, SPG too and Barclay Ring wasn't that hard to obtain previously.
My consideration for difficult to obtain is near gold-plated, somewhere around 740 FICO and established tradelines, no thinnish file either.
Most cards that are generally considered to be goal cards by most of the forum have dropped to 680 FICO underwriting or so, where before that wouldn't have passed muster for either Amex or Chase on their pinnacle products available to mortals.
US Bank Cash+ may be one of the next hardest honestly, there just doesn't seem to be many out of the reach of the average FICOed person anymore.
Will probably change eventually but it's a good time to be in a spot to upgrade your cards. Really wish I'd started this journey a year earlier
I couldn't agree with you more. Over the past 6 months or so, the criteria for approval have dropped significantly for many of the "hard to get" cards. There really isn't anything that is too difficult to get.
Even the palladium card is doable for mere mortals. If you hand CPC 250k and become a private client, you can have one. While 250k may sound a lot to many people, in the grand scheme of things it's not that much. Any high-earning professional who is responsible about their wealth acculumation, and with no major financial obligations can save this much eventually.
Most doctors, moderately successful attorneys, upper-middle level management, successful small business owners, and others with similar earning power can all get there. Yes these people earn more than most, but I'd say that they still are in the realm of mere mortals. Those that aren't IMO are UHNW individuals and their ilk.
There's a reason there aren't a lot of cards like this. There's no point in it. People with a 680 score still have a relatively low default rate and are thus profitable. There's not a lot of value in creating a product that is restricted to people with 740 or above scores. They'd just be leaving money on the table.
There is some value to creating niche products for those with high net worth, so you see cards like Centurion and Palladium.
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