@distantarray wrote:So if you think your card's Prime.
2 things will pretty much prove it.
Lots of benefits/rewards or Super LOW APR or both
+1
Add good limit to that.
@jsucool76 wrote:
@navigatethis12 wrote:
@ccnewcc wrote:The borrower would be, not the card.
You and your friend are at lunch, you pull out your Cap1 rebuilding card with a 500$ CL and your friend pulls out his Freedom card with a 500$ CL. He knows just by looking at your card that is a rebuilder. You say "oh wow, you got the Chase Freedom Card!"
Little do you know that it is actually a 500$ CL too.
The borrower is subprime, not the Chase Freedom.
Most people probably have no idea what cards offer what. When they see a card, it is just a card. Before I got into all this credit stuff all cards were just cards. I would not have know that someone pulling out Credit One may have bad credit.
@Dustink wrote:Their lending requirements seem pretty relaxed to me.
Yes, there have been people posting about chargeoffs, or a recent bankruptcy getting the Chase Freedom with a $500 limit.Moral of the story, when we go strictly by lenders that are VIEWED as prime, we're talking about:
Chase, Amex, Citi, Barclays, (Sometimes) BoA, Discover, and US bank has some products.
Basically the largest issuers of credit cards, minus Capital One, and Wells Fargo if they do actually issue many credit cards.
@jsucool76 wrote:
@navigatethis12 wrote:
@ccnewcc wrote:The borrower would be, not the card.
You and your friend are at lunch, you pull out your Cap1 rebuilding card with a 500$ CL and your friend pulls out his Freedom card with a 500$ CL. He knows just by looking at your card that is a rebuilder. You say "oh wow, you got the Chase Freedom Card!"
Little do you know that it is actually a 500$ CL too.
The borrower is subprime, not the Chase Freedom.
Most people probably have no idea what cards offer what. When they see a card, it is just a card. Before I got into all this credit stuff all cards were just cards. I would not have know that someone pulling out Credit One may have bad credit.
@Dustink wrote:Their lending requirements seem pretty relaxed to me.
Yes, there have been people posting about chargeoffs, or a recent bankruptcy getting the Chase Freedom with a $500 limit.Moral of the story, when we go strictly by lenders that are VIEWED as prime, we're talking about:
Chase, Amex, Citi, Barclays, (Sometimes) BoA, Discover, and US bank has some products.
They all offer cards to sub-prime borrowers. But, they all offer some cards to only prime borrowers.
@afbar1114 wrote:
@HiLine wrote:
@jsucool76 wrote:
@navigatethis12 wrote:
@ccnewcc wrote:The borrower would be, not the card.
You and your friend are at lunch, you pull out your Cap1 rebuilding card with a 500$ CL and your friend pulls out his Freedom card with a 500$ CL. He knows just by looking at your card that is a rebuilder. You say "oh wow, you got the Chase Freedom Card!"
Little do you know that it is actually a 500$ CL too.
The borrower is subprime, not the Chase Freedom.
Most people probably have no idea what cards offer what. When they see a card, it is just a card. Before I got into all this credit stuff all cards were just cards. I would not have know that someone pulling out Credit One may have bad credit.
@Dustink wrote:Their lending requirements seem pretty relaxed to me.
Yes, there have been people posting about chargeoffs, or a recent bankruptcy getting the Chase Freedom with a $500 limit.Moral of the story, when we go strictly by lenders that are VIEWED as prime, we're talking about:
Chase, Amex, Citi, Barclays, (Sometimes) BoA, Discover, and US bank has some products.
Basically the largest issuers of credit cards, minus Capital One, and Wells Fargo if they do actually issue many credit cards.
i work in retail and the cards i see most are cap1 freedom discover and amex(charge). boa sometimes but not as much as the others. never really seen a barclays card.
According to the following pages, Capital One is about top 5 and Barclays about top 10. BofA is top 3.
http://www.creditcardchaser.com/what-are-the-largest-credit-card-companies/
http://www.cardhub.com/edu/market-share-by-credit-card-issuer/
Capital One has been giving out a huge number of credit cards lately though, and I think they're relatively new, which is why their cards are seen more often.
@navigatethis12 wrote:I never really saw American Express or Discover as anythig to get excited over. Especially Discover, but that is another thread entirely.
The lowest rate I have is 10.24 on the Chase Ink Classic, and next to that are PNC and Fidelity American Express at 13.99. Those seem prime I guess when most other rates I have are about 20 I think.
once you realize how Amex can backdate a short AAOA history I wanted one immediately lol
@jsucool76 wrote:Moral of the story, when we go strictly by lenders that are VIEWED as prime, we're talking about:
Chase, Amex, Citi, Barclays, (Sometimes) BoA, Discover, and US bank has some products.
If you're going to put "sometimes" next to BOFA, you need to put "sometimes" on the rest of them, and "never" by Discover in my opinion 
. Discover More has long been obtainable at the current Chase Freedom underwriting standard, which is likely one of the reasons that Chase dropped their requirements on the Freedom to nearly identically match as they are effectively the same card rewards wise.
BOFA / USBank / Citi secured cards among others obtainable at 640 or lower.
Amex, Zync/Green/Delta skymiles (basic MRE blue too)
Chase Freedom
Barclay's Apple for sure, possibly others
Discover More, and presumably IT as well now.
Pretty much every one of the major lenders is big enough to want to diversify their credit portfolio, it's simply not as profitable to compete in the prime-only borrower category anymore.
