Reply
Regular Contributor
johnecova
Posts: 107
Registered: ‎12-27-2010

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

 

Contributor
creditguy-378
Posts: 144
Registered: ‎03-23-2011

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 your working just for the task master
Contributor
creditguy-378
Posts: 144
Registered: ‎03-23-2011

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 your working just for the task master
Moderator Emeritus
MarineVietVet
Posts: 14,084
Registered: ‎07-14-2009

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
chriscowboy
Posts: 62
Registered: ‎08-06-2009

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
johnecova
Posts: 107
Registered: ‎12-27-2010

Re: Name that Subprime Credit Card Company

 
Valued Contributor
vish1
Posts: 1,129
Registered: ‎01-20-2011

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
MrShush
Posts: 1,412
Registered: ‎04-18-2008

Re: Name that Subprime Credit Card Company

No one mentioned Tribute?:smileyvery-happy:

Established Contributor
JonStur
Posts: 900
Registered: ‎12-25-2010

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
MrShush
Posts: 1,412
Registered: ‎04-18-2008

Re: Name that Subprime Credit Card Company

 


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

But a sub-prime lender nonetheless.

 


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+