Credit Cards Center Credit cards from our partners
Reply
Regular Contributor
Posts: 107
Registered: ‎12-27-2010
0

Name that Subprime Credit Card Company

Lets make a list of subprime Credit Card companies. I'll start it off...

 

1: HSBC

2: Creditone Bank

3: Capital One

 

Regular Contributor
Posts: 200
Registered: ‎03-23-2011
0

Re: Name that Subprime Credit Card Company

don't forget the subprime of the subprime the good old FIRST PREMIER

always use credit wisely and you won't ever feel like you're working just for the task master
Regular Contributor
Posts: 200
Registered: ‎03-23-2011
0

Re: Name that Subprime Credit Card Company

followed by household bank , bryant state bank, urban trust bank and continental finance

always use credit wisely and you won't ever feel like you're working just for the task master
Moderator Emeritus
Posts: 17,409
Registered: ‎07-14-2009
0

Re: Name that Subprime Credit Card Company

I'll play devil's advocate here.

 

The problem with making such a list is defining exactly what "subprime" means.

 

Is it just a matter of opinion or are you going to use certain parameters to decide what is and what is not subprime?

 

Are all Cap 1 cards subprime or just some of them? Which are which?

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

New Contributor
Posts: 62
Registered: ‎08-06-2009
0

Re: Name that Subprime Credit Card Company

[ Edited ]

Yea I gotta agree.

 

Cap 1 has some pretty hefty prime cards that are very hard to obtain in the 'excellent credit' category.

Thing is, most people get the Cap 1 rebuilder cards. Then toss them when they get their scores up. And then for whatever reason forget Cap 1 has cards that cater to higher tierd FICO's, and at that point in time label Cap 1 as subprime or whatever. Maybe it's because during the rebuilding process they get so angry with Cap 1 because they don't budge on CLI's as their credit profile grows. Totally understandable. I have been there, done that with them, but I know it is because I got a rebuilder card in the beginning. And don't misinterpret what I am saying as defending Cap 1. But I do think that because they tend to basically hand out the lower end cards, it's easy to forget that they actually do have some nice  prime CC products.

 

Of course I am speaking from my experience, and just making a guess as to what others might be thinking here.

Crawl-Garden-Walk-Garden-Fly-Garden
Regular Contributor
Posts: 107
Registered: ‎12-27-2010
0

Re: Name that Subprime Credit Card Company

 
Valued Contributor
Posts: 1,129
Registered: ‎01-20-2011
0

Re: Name that Subprime Credit Card Company

 


chriscowboy wrote:

Yea I gotta agree.

 

Cap 1 has some pretty hefty prime cards that are very hard to obtain in the 'excellent credit' category.

Thing is, most people get the Cap 1 rebuilder cards. Then toss them when they get their scores up. And then for whatever reason forget Cap 1 has cards that cater to higher tierd FICO's, and at that point in time label Cap 1 as subprime or whatever. Maybe it's because during the rebuilding process they get so angry with Cap 1 because they don't budge on CLI's as their credit profile grows. Totally understandable. I have been there, done that with them, but I know it is because I got a rebuilder card in the beginning. And don't misinterpret what I am saying as defending Cap 1. But I do think that because they tend to basically hand out the lower end cards, it's easy to forget that they actually do have some nice  prime CC products.

 

Of course I am speaking from my experience, and just making a guess as to what others might be thinking here.


 

I agree cap1 has a few nice prime cards, but its the company's reputation as a sub prime lender. For the matter of fact, they are a million times better than FP or credit one.

 

If I was to add another card to my collection it won't be a cap1 prime. I don't trust that their support staff knows how to handle prime customers.

 

It's more for the same reason that toyota sells lexus through a entirely different car company.

Amex PRG | BoA Cash rewards 35K | BoA Cash rewards 7K | Citi AAdvantage 15 K | Chase Sapphire Preferred 11 K | Chase Freedom 10k | Chase United 5 K | Chase Southwest 5K | Chase Airtran 6.4K | Discover IT 8K | Barclays US Airways 7.8 K | DCU 3 K | US Bank Flex Perks 8K | Toys r US 6 K | JC Penney 4.6 K | Macy's 1200 | Kohl's 600
Ex Fico: 762 (PSECU)
EQ Fico: 764 (DCU)
TX Fico: 773 (Discover)
Valued Contributor
Posts: 1,413
Registered: ‎04-18-2008
0

Re: Name that Subprime Credit Card Company

No one mentioned Tribute?Smiley Very Happy

Established Contributor
Posts: 911
Registered: ‎12-25-2010
0

Re: Name that Subprime Credit Card Company

Tribute is no longer in business...

Starting Score: TU 686 EX 641 EQ 690
Current Score: TU 779 EX 767 EQ 740
Goal Score: 800 Club

BCE $12.5K, 5/3 Sig $10K, Wally Discover 10K, Cash+ $9K Sam's Discover 10K, Freedom $6K, Zales $5.5K, More $5K, Cap one $5K, Barclay 2.5K, Household Plat $1.5K, Household Gold $1.5K, Credit One $1K, First Premier Plat $.675K First Premier Gold $.65K
Valued Contributor
Posts: 1,413
Registered: ‎04-18-2008
0

Re: Name that Subprime Credit Card Company

 


JonStur wrote:
Tribute is no longer in business...

But a sub-prime lender nonetheless.

 

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.