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HiLine
Posts: 2,878
Registered: ‎10-19-2012
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Re: Primeville?


jsucool76 wrote:

HiLine wrote:

What, do we consider a Chase Freedom with a low credit limit and a Chase Freedom with a high credit limit 2 different cards now?


I wouldn't say two different cards, but a freedom with a $500 limit is very different than say, a freedom siggy with a $5000 limit....It is like the zync NPSL vs the zync with a $200/$500 hard limit...


Getting approved for even a $500 limit Freedom card requires some decent credit history, more so than for many other credit cards with limits in the thousands.

 

Valued Contributor
afbar1114
Posts: 2,177
Registered: ‎01-09-2012
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Re: Primeville?


HiLine wrote:

jsucool76 wrote:

HiLine wrote:

What, do we consider a Chase Freedom with a low credit limit and a Chase Freedom with a high credit limit 2 different cards now?


I wouldn't say two different cards, but a freedom with a $500 limit is very different than say, a freedom siggy with a $5000 limit....It is like the zync NPSL vs the zync with a $200/$500 hard limit...


Getting approved for even a $500 limit Freedom card requires some decent credit history, more so than for many other credit cards with limits in the thousands.

 


I agree Chase BoA and AMEX just dont give out cards to anyone. I started out with a $500 CL with freedom 3 months later i got a $1k CLI. With BoA i started at ~$700. it took like six months but i got bumped to $1500 as well with only a SP. Discover started me at $1200 right off the bat so i am hoping for some bigger CLI's soon from them around 6 months or so


In my wallet: AMEX Gold; Freedom $1.5k; CSP $5k; Chase United $5k; Discover $2k
Last HP: 4/30
Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012
0

Re: Primeville?


HiLine wrote:

jsucool76 wrote:

HiLine wrote:

What, do we consider a Chase Freedom with a low credit limit and a Chase Freedom with a high credit limit 2 different cards now?


I wouldn't say two different cards, but a freedom with a $500 limit is very different than say, a freedom siggy with a $5000 limit....It is like the zync NPSL vs the zync with a $200/$500 hard limit...


Getting approved for even a $500 limit Freedom card requires some decent credit history, more so than for many other credit cards with limits in the thousands.

 


Their lending requirements seem pretty relaxed to me.

 

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012
0

Re: Primeville?


afbar1114 wrote:

HiLine wrote:

jsucool76 wrote:

HiLine wrote:

What, do we consider a Chase Freedom with a low credit limit and a Chase Freedom with a high credit limit 2 different cards now?


I wouldn't say two different cards, but a freedom with a $500 limit is very different than say, a freedom siggy with a $5000 limit....It is like the zync NPSL vs the zync with a $200/$500 hard limit...


Getting approved for even a $500 limit Freedom card requires some decent credit history, more so than for many other credit cards with limits in the thousands.

 


I agree Chase BoA and AMEX just dont give out cards to anyone. I started out with a $500 CL with freedom 3 months later i got a $1k CLI. With BoA i started at ~$700. it took like six months but i got bumped to $1500 as well with only a SP. Discover started me at $1200 right off the bat so i am hoping for some bigger CLI's soon from them around 6 months or so


And your scores were sub-prime.

 

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Valued Contributor
afbar1114
Posts: 2,177
Registered: ‎01-09-2012
0

Re: Primeville?

yea they were all below 700 but above 650-660 


In my wallet: AMEX Gold; Freedom $1.5k; CSP $5k; Chase United $5k; Discover $2k
Last HP: 4/30
Established Contributor
ccnewcc
Posts: 560
Registered: ‎09-29-2012
0

Re: Primeville?


Dustink wrote:

ccnewcc wrote:

Dustink wrote:

To me prime it also has a lot to do with the limit.

 

I see people on here getting approved for a Chase Freedom with a $500 limit, to me that is not prime. Whereas the Chase Freedom with a $5,000 limit would be prime.


I'd consider the Freedom to be a prime card no matter the limit.

 

However, I'd consider the borrower as a subprime borrower if their Freedom CL is only 500$


But then, if they were a subprime borrower. Wouldn't they be getting a subprime card? Thus that $500 limit card is sub-prime.

 

Banks also offer certain promotions to only certain clients. As in, a prime borrowers may get the no interest APR, whereas the a sub-prime borrower would not. Thus making the product they are getting sub-prime.

 


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.

Valued Contributor
jsickz32
Posts: 1,987
Registered: ‎06-25-2012
0

Re: Primeville?

[ Edited ]

i got a amex BCE with a 675 EX score does that make them a sub-prime? lol threads like this are stupid

Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Valued Contributor
afbar1114
Posts: 2,177
Registered: ‎01-09-2012
0

Re: Primeville?


ccnewcc wrote:

Dustink wrote:

ccnewcc wrote:

Dustink wrote:

To me prime it also has a lot to do with the limit.

 

I see people on here getting approved for a Chase Freedom with a $500 limit, to me that is not prime. Whereas the Chase Freedom with a $5,000 limit would be prime.


I'd consider the Freedom to be a prime card no matter the limit.

 

However, I'd consider the borrower as a subprime borrower if their Freedom CL is only 500$


But then, if they were a subprime borrower. Wouldn't they be getting a subprime card? Thus that $500 limit card is sub-prime.

 

Banks also offer certain promotions to only certain clients. As in, a prime borrowers may get the no interest APR, whereas the a sub-prime borrower would not. Thus making the product they are getting sub-prime.

 


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.


unless it says signature or world on it...then you know its a high limit. 


In my wallet: AMEX Gold; Freedom $1.5k; CSP $5k; Chase United $5k; Discover $2k
Last HP: 4/30
Valued Contributor
Dustink
Posts: 2,980
Registered: ‎10-02-2012
0

Re: Primeville?

[ Edited ]

To me a prime borrower has a no baddies, a score over 720 with a long history and stable income. Lenders will make exceptions, but that would generally be the criteria for prime credit.

 

So prime cards will offer great customer service, fair rates, good rewards, and high limits.

Too many INQs & low AAoA so I'm off to tend the Garden.     Age:21    


     $14k          $8.5K          $7.5k          $7.5k         $6.5k             $6k             $5k            $5k             $5k              $5k           NPSL       @ 0%
Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
0

Re: Primeville?

I think my Navy Federal GoRewards card is Prime, not because of the $17,000 credit limit but because of the 7.24% Prime Plus APR (their term not mine) Usually if you have a rewards card the APR is much higher cause they have to make money back when you carry balances, but this APR with a rewards good for upto 1.7% on any purchase is quite nice.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758

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