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Name that Subprime Credit Card Company

Regular Contributor

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

 

Message 1 of 30
29 REPLIES
Regular Contributor

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
Message 2 of 30
Regular Contributor

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
Message 3 of 30
Moderator Emeritus

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".

Message 4 of 30
New Contributor

Re: Name that Subprime Credit Card Company

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
Message 5 of 30
Regular Contributor

Re: Name that Subprime Credit Card Company

 
Message 6 of 30
Valued Contributor

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.

Citi Hilton Reserve 22.3K | Citi Thank You 8.2K | CSP 15.5K | Chase Freedom 10K | Chase BA 15K | Chase United 8.5K | Chase Marriott 5K | Discover IT 9K | Club Carlson 13K | Amex SPG 20K | BofA Cash Rewards 11K | BofA Cash Rewards 50K
Message 7 of 30
Valued Contributor

Re: Name that Subprime Credit Card Company

No one mentioned Tribute?Smiley Very Happy

Message 8 of 30
Established Contributor

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
Message 9 of 30
Valued Contributor

Re: Name that Subprime Credit Card Company

 


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

But a sub-prime lender nonetheless.

 

Message 10 of 30