@Cdnewmanpac wrote:Assuming someone has a few subprime cards, is doing everything right after a period of badness and has a gradually rising score, it might go like this:
@Trigga wrote:Yes i realize it varies stupid question i suppose
But anyway i have a 30 day late 2years ago and also have 1 CO that i sent a PFD for didnt hear anything back yet .
Also my AAoA is almost 1 year oldest CC is 3yrs 8 months old
<650, wasting time and inquiries
650-680, instant approval rare, but maybe via recon with a good story
680-700, decent chance with "relationship" prime cards like usaa, nfcu, local cu
700-720, chances are pretty good, chance of recon excellent with the right card
>720, rejection rare, assuming decent income/dti
>760, rejection rare enough to be newsworthy on this forum
Thank you for the post ! I understand what is in the credit report matters as much as the score itself , i was just curious and thanks again .
@Cdnewmanpac wrote:Assuming someone has a few subprime cards, is doing everything right after a period of badness and has a gradually rising score, it might go like this:
@Trigga wrote:Yes i realize it varies stupid question i suppose
But anyway i have a 30 day late 2years ago and also have 1 CO that i sent a PFD for didnt hear anything back yet .
Also my AAoA is almost 1 year oldest CC is 3yrs 8 months old
<650, wasting time and inquiries
650-680, instant approval rare, but maybe via recon with a good story
680-700, decent chance with "relationship" prime cards like usaa, nfcu, local cu
700-720, chances are pretty good, chance of recon excellent with the right card
>720, rejection rare, assuming decent income/dti
>760, rejection rare enough to be newsworthy on this forum
Good informational breakdown. Wish I would of known this about 8months ago.
Starting Score: 722
@Cdnewmanpac wrote:Assuming someone has a few subprime cards, is doing everything right after a period of badness and has a gradually rising score, it might go like this:
@Trigga wrote:Yes i realize it varies stupid question i suppose
But anyway i have a 30 day late 2years ago and also have 1 CO that i sent a PFD for didnt hear anything back yet .
Also my AAoA is almost 1 year oldest CC is 3yrs 8 months old
<650, wasting time and inquiries
650-680, instant approval rare, but maybe via recon with a good story
680-700, decent chance with "relationship" prime cards like usaa, nfcu, local cu
700-720, chances are pretty good, chance of recon excellent with the right card
>720, rejection rare, assuming decent income/dti
>760, rejection rare enough to be newsworthy on this forum
Now the question is... what about for higher-end cards that target mostly upper-prime and superprime applicants? 
Are any cards prime these days? I remember when Chase, BofA, AmEx, Discover were more conservative, now it seems like they are ok with baddies and relatively low scores. I can't believe they issue Chase Freedom Platinum as low as $500. I guess the real prime aspect isn't just the lender but the terms you're awarded upon approval.
@CreditScholar wrote:
Now the question is... what about for higher-end cards that target mostly upper-prime and superprime applicants?
Simmons First Visa Platinum (7.25% variable APR)
or
Simmons First Visa Platinum Rewards (9.25% variable APR)
Simmons First apparently is very selective, though. Someone with good-looking scores and credit limits posted (September 12, 2009) to this board that he/she was declined for having too much available credit and too many inquiries (two).
Here's a link for that post to this board:
or
To read the post to this board, search (upper right corner of this window) this board for
simmons first too much available credit
The post is Message 34 in that thread.
