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In my opinion they are a lender that will grow with you. Unlike Cap1's rebuilding cards. If I had to make a call middle
of the road would be my choice.
@lg8302ch wrote:
@+1 @ enharu..sorry cannot quote on ipad
Also I think we should select the cards that fit our needs and profiles and not because of the lender....
Lenders are pretty important to me. It's one of the elemnets that I will consider when I apply for cards. Good customer service is another element for me to consider.
@enharu wrote:
How do you differentiate between a good and bad lender, especially if they have products that cater to people with not-as-good credit? Even American Express has product(s) that cater to people who have downright horrible credit (oasis program). Does this mean Amex is a subprime lender?
Another thing to note is that most lenders have a tiered customer service system. Depending on your internal score, which is influenced by many factors including profitability, spending, risk, etc. and also the type of product you have, that will influence the tier, and sometimes location, of customer service reps that will be answering your calls. One may have horrible customer service experience with chase, citi and Amex simply because they have a cheaper, not-as-good product and low internal score which in turn resulted in horrible misinformed improperly trained CSRs.
This, all of this.
Cap1 gets flaunted as a sub prime lender, but they also serve the prime crowd. If the Venture is right for you, is it not socially acceptable to use the Venture? We tend to try and differentiate between bad and good too often here. There are way too many variables in both product and customer to determine something so black and white.
| Chase Freedom $9500 DCU Visa $10000 Capital One QS $2000 AMEX BCE $3000 | Lowe's CC $8500 WalMart CC $3100 BOA Platinum $600 AMEX Gold NPSL |
@Jutz wrote:
@enharu wrote:
How do you differentiate between a good and bad lender, especially if they have products that cater to people with not-as-good credit? Even American Express has product(s) that cater to people who have downright horrible credit (oasis program). Does this mean Amex is a subprime lender?
Another thing to note is that most lenders have a tiered customer service system. Depending on your internal score, which is influenced by many factors including profitability, spending, risk, etc. and also the type of product you have, that will influence the tier, and sometimes location, of customer service reps that will be answering your calls. One may have horrible customer service experience with chase, citi and Amex simply because they have a cheaper, not-as-good product and low internal score which in turn resulted in horrible misinformed improperly trained CSRs.This, all of this.
Cap1 gets flaunted as a sub prime lender, but they also serve the prime crowd. If the Venture is right for you, is it not socially acceptable to use the Venture? We tend to try and differentiate between bad and good too often here. There are way too many variables in both product and customer to determine something so black and white.
Agreed. I don't care if it's "socially acceptable" to use my Venture; if it gives me the best bang for my buck from making a purchase, than that's what I use.
While it doesn't impact "prime or non-prime" question (which as others have said doesn't really mean anything), I guess a lot of US people aren't aware of what Barclays is.
In 2012, it was the world's 7th biggest bank by assets, bigger than any US bank (JP Morgan Chase and Bank of America were 9th and 10th). There are many other measures of bank size, such as market capitalization, which puts Barclays lower, but by any standard it is a major global bank, not a First Premier or Credit One type of operation.
http://www.gfmag.com/tools/best-banks/11986-worlds-50-biggest-banks-2012.html#axzz2RlGUpWAO
(It has also been involved in a number of major wrong doings, such as LIBOR rigging and manipulating CA energy futures, but that is to be expected!)