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Prime Cards

Frequent Contributor

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
31 REPLIES
Regular Contributor

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 Smiley Happy
Frequent Contributor

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
Valued Contributor

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 653 6/21/12
Current Score: EQ 703 8/5/17 - EX 743 8/5/17 - TU 731 8/5/17
Established Contributor

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

AMEX SPG $30K | Citi TY Premier $20k | PenFed PlatRewards $25k | Barclay Arrival+ 40k | Chase Freedom $20k | BofA AMEX $15k | Discover IT $20k | | NASA Platinum-Advantage $20k | CapOne Quicksilver $15k | Amazon Card $10k |

My Journey from Sub-600s:
Regular Contributor

Re: Prime Cards

Capital One Venture cards are prime.

Valued Contributor

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 **
Valued Contributor

Re: Prime Cards

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 653 6/21/12
Current Score: EQ 703 8/5/17 - EX 743 8/5/17 - TU 731 8/5/17
Regular Contributor

Re: Prime Cards

First National Bank of Omaha cards are prime.

Established Contributor

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.