Reply
Frequent Contributor
AvaMommy
Posts: 297
Registered: ‎08-08-2012
0

Prime Cards

Just taking a census...What do you all consider Prime cards? As well if you have a Prime card what did you do with your sub-prime cards (I am assuming subprime is your credit1, cap1, orchard bank, 1st premier...etc?

Starting Score: FAKO: TU 602 EQ 550 EX 565 - 08|2012
Current Score: MyFICO: TU 633 EQ 637 EX 669 (AMEX PULL)09|2012
Goal Score: 700 across the board In my wallet: NFCU cashRewards 12000CL, NFCU LOC 10K CL, BofA cashRewards 5000CL, BofA PP 3000CL, JAREDS (AU) 1500CL, SEARS (AU) 7000CL
Under my mattress: Orchard Bank 320CL and Saks Fifth Avenue 100CL. Finally in the Garden. App Free Since 9/18/12 - No apps until March 2013
Regular Contributor
Tommy5746
Posts: 440
Registered: ‎02-08-2012
0

Re: Prime Cards


AvaMommy wrote:

Just taking a census...What do you all consider Prime cards? As well if you have a Prime card what did you do with your sub-prime cards (I am assuming subprime is your credit1, cap1, orchard bank, 1st premier...etc?


Prime:

Amex

Chase

Discover

Citi

SOME people consider Capital Ones Venture card to be prime but thats debatable

Bank of America

 

SubPrime:

 

almost all Capital One ones

Almost all store branded cards

credit one

first premier

 

 

You get the idea.. Rebuiler cards are always subprime

 

Goal: 700 and an Amex Card!

Chicks Dig Guys With Good Credit :smileyhappy:
Frequent Contributor
AvaMommy
Posts: 297
Registered: ‎08-08-2012
0

Re: Prime Cards

Thanks Tommy

Starting Score: FAKO: TU 602 EQ 550 EX 565 - 08|2012
Current Score: MyFICO: TU 633 EQ 637 EX 669 (AMEX PULL)09|2012
Goal Score: 700 across the board In my wallet: NFCU cashRewards 12000CL, NFCU LOC 10K CL, BofA cashRewards 5000CL, BofA PP 3000CL, JAREDS (AU) 1500CL, SEARS (AU) 7000CL
Under my mattress: Orchard Bank 320CL and Saks Fifth Avenue 100CL. Finally in the Garden. App Free Since 9/18/12 - No apps until March 2013
Established Contributor
jamie123
Posts: 814
Registered: ‎03-22-2012
0

Re: Prime Cards

These would be my suggestions as to what cards are prime:

 

AMEX

Bank of America

Chase

CitiBank

Discover

Wells Fargo

Barclays (Maybe)

 

All other cards are sub-prime.



Starting Score: EQ 658 6/18/12
Current Score: EQ 696 9/5/14 - EX 687 7/21/14 - TU 682 7/21/14
Goal Score: EQ 720+
Take the FICO Fitness Challenge

Established Contributor
Jlu
Posts: 582
Registered: ‎06-12-2012
0

Re: Prime Cards

a card is prime if it meets two of the three criteria:

1) No AF (Unless mathmatically justified)
2) 0% Intro or other promotion
3) Rewards

4) >$1000 Limit

Wallet: JP Morgan Select $10k | CSP $10k | Citi TY Premier $7k | AMEX SPG $5k | AMEX PRG NPSL | Barclaycard $5k | Discover IT $10k | Chase Freedom $3k | CapOne Quicksilver $3k | BofA Cash Rewards $8k | Walmart Card $5k | Amazon Card $10k | Chase Auto 1.49% | Joined myFICO 6/12 with a 540 FICO & now I'm over 750! The membership has more than paid for itself!
Regular Contributor
asteroidblues86
Posts: 234
Registered: ‎08-04-2012
0

Re: Prime Cards

Capital One Venture cards are prime.

Valued Contributor
RockinRay
Posts: 1,945
Registered: ‎08-13-2007
0

Re: Prime Cards


asteroidblues86 wrote:

Capital One Venture cards are prime.


Yep - so is my Green Cash Back card...

Ray

** Every Card has a Job, and Every Card does its Job **

Established Contributor
jamie123
Posts: 814
Registered: ‎03-22-2012
0

Re: Prime Cards

[ Edited ]

Jlu,

 

Almost all cards could meet your criteria.

 

Your #4 at >$1000 is really low. The cards I listed, and is actually one of my criteria, will regularly issue cards that have in excess of 20K+ credit lines. Lenders that issue credit likes in excess of 20K+ are what I consider prime.



Starting Score: EQ 658 6/18/12
Current Score: EQ 696 9/5/14 - EX 687 7/21/14 - TU 682 7/21/14
Goal Score: EQ 720+
Take the FICO Fitness Challenge

Regular Contributor
asteroidblues86
Posts: 234
Registered: ‎08-04-2012
0

Re: Prime Cards

First National Bank of Omaha cards are prime.

Established Contributor
Cdnewmanpac
Posts: 767
Registered: ‎01-16-2012
0

Re: Prime Cards

I think the concept of prime cards or lenders is a misnomer. There are prime borrowers and subprime borrowers. Some lenders target only subprime borrowers, such as first premier. Some target both with different products, such as capital one. Some target both with the same product, such as the discover more and chase freedom. But there aren't really "prime" cards or lenders. The term has no meaning in that context. Every time someone asks this question (about once a month), someone instantly names capital one as a "subprime" card. This is followed within milliseconds by someone pointing out that the venture is a prime card. Getting a chase freedom with a 650 score doesn't make you a prime borrower, even if chase is a "prime" lender and many view the freedom as a "prime" card. Fico makes no distinction and most of the stories about Amex making the distinction are apocryphal. 

In wallet: Ink Plus 10k, AMEX TE 25k. In bag: CSP 16k, USAA WMC 15k, Hyatt 13k, United MPE 12k, AMEX HHonors 3k. In SD: Cap 1 QS 5k, Discover IT 7k. FICO 08 says my EQ is now 844, was 510 in 2010.

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+