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Your worst and best credit card

Valued Contributor

Your worst and best credit card

What is the worst card you had when rebuilding, i.e. lowest limit, annual fees, maintenance fees; and what is your best card and highest limit?  How long did it take you to get there?

 

I'll go first;  My worst card was the Orchard Bank Mastercard, with an application fee something like 35 bucks, plus a 79 dollar annual fee.  The limit was 300 so I was near 40% utilization before I even activated it.  This was June of 2008.

 

My highest tier card is Chase Freedom Signature,10k limit, no fees.  I was approved for the freedom exactly three years after the Orchard card, but at a lower limit.  Later they let me go up to 10k, and recently the EO changed it to Signature at my request.

3-26-15: FICO EXP: 828 - EQU:820 - TRAN: 828 - AVG: 825 +275 points from JUN 2008 - MY CREDIT JOURNAL

Message 1 of 42
41 REPLIES
Established Contributor

Re: Your worst and best credit card

I'd say my worse was my Credit One card with a $75 AF and $450 CL (might have started at $300). However, it wasn't the worst of the Credit One cards since it didn't have the monthly maintenance fees.

 

So far, my best card is my PayPal Extras only at 2K, but I hope to obtain other cards that will soon take the "best card" title.

 

I  suppose it took me about 6 years to get here.


Starting Score: 515
Current Score: EQ08 711 EX08 731 TU08 735
Goal Score: 740+

Amex BCP $25k | Discover IT $15.7k | Cap 1 QS $10k | PSECU $10k | Citi DC $9300 | Citi DP $6800 | Barclay Ring $6500 | PayPal Extras MC $5045 | DCU $5000 | Chase Slate $5000 | Barclays AA $4100 | Chase Freedom $4000 | Union Plus $1000 | Target $500
Message 2 of 42
Super Contributor

Re: Your worst and best credit card


p- wrote:

What is the worst card you had when rebuilding, i.e. lowest limit, annual fees, maintenance fees; and what is your best card and highest limit?  How long did it take you to get there?

 

I'll go first;  My worst card was the Orchard Bank Mastercard, with an application fee something like 35 bucks, plus an 85 dollar annual fee.  The limit was 300 so I was at 40% utilization before I even activated it.  This was June of 2008.

 

My highest tier card is Chase Freedom Signature,10k limit, no fees.  I was approved for the freedom exactly three years after the Orchard card, but at a lower limit.  Later they let me go up to 10k, and recently the EO changed it to Signature at my request.


Looking at some of your earlier posts it looks like you had an initial CL of 2k on your freedom. How long did it take you to get the increase to 10k and how did you go about it? Was it all at once or a couple of CLIs?

;
Starting Score: EQ: 714, TU 684
Current Score: EQ: 725 7/30/13, TU 684 6/2013, Exp 826 4/16/17, Last App 8/5/17
Goal Score: 800 (Achieved!) In garden until Sepetember 2019
Message 3 of 42
Valued Contributor

Re: Your worst and best credit card

Worst: Credit One

Best: J. Crew since I shop there often....lol.

Scores 5/15/2016 (clean reports!): TU Walmart FICO: 696 | EQ FICO: 679 | EX AMEX FICO: 680

In my new wallet: American Express Green EMV: PSL $2000 | BankAmericard Cash Rewards Visa EMV: $2500 | Citi AAdvantage Platinum Select World MasterCard: $6400 | Barclaycard Arrival World MasterCard: $1000 | Discover IT: $2500 | Amazon Rewards Visa Signature: $1500 | Chase Freedom: $1500 | Capital One QuicksilverOne MasterCard: $2100 | Target: $2800 | J.Crew $21,550 | Marvel (Captain America) MasterCard: $6000
Message 4 of 42
Member

Re: Your worst and best credit card

My Worst: Capital One Platinum, started off at a $500 CL ..now only up to $750 and have had it about 5 years.

 

My Best: Discover it, highest tier for me... 6k CL ..no fees

AMEX GREEN [NPSL] ::: DISCOVER IT [$7800] ::: CHASE SAPPHIRE [$5000] ::: CHASE FREEDOM [$5000] ::: BARCLAYCARD ARRIVAL WMC [$5000] ::: CAP 1 VENTUREONE [$3000] ::: AMEX DELTA GOLD [$2000] ::: CAP 1 QS1 [$1250] ::: BOA CASH REWARDS [$1000] ::: CAP 1 PLATINUM [$750] ::: MACY'S RED CARD [$500]
Message 5 of 42
Valued Member

Re: Your worst and best credit card

My worst was probably the now closed BoA $500 secured card. It did offer some kind of rewards, but with that credit limit I wasn't using it much, and it definitely wasn't enough to offset the $39 annual fee. A close second is the exact same card (same $500 limit, same $39 fee), only unsecured, that they randomly sent me a month or two after I closed the secured one. That was just odd.

 

Best - I don't yet know if it will be "best" per se, but definitely the one I'm currently the happiest about, is my $2K Amex BCE. Not the highest credit line, not the best rewards, but I'm just so happy to be with Amex! A year ago Chase wouldn't touch me with a stick when I apped for an Amazon credit card, and wouldn't even give me a $500 limit after a recon, so the BCE approval felt like a rite of passage. Smiley Happy

BoA Secured $500 (closed) | OneStopPlus $900 | Chase Amazon $4600 (AU) | Amex BCE $6000 |
Chase Freedom $3000 | BoA TravelRewards Signature Visa $5000 | CSP $17 000 | BCP $27 000
Building credit since 04/2011 | CreditKarma 763 | CreditSesame 795 | Gardening since 01/31/2014
Message 6 of 42
Valued Contributor

Re: Your worst and best credit card


red259 wrote:Looking at some of your earlier posts it looks like you had an initial CL of 2k on your freedom. How long did it take you to get the increase to 10k and how did you go about it? Was it all at once or a couple of CLIs?

I think it was three hard pulls, for a raise to 3,000, then 5,000, then 10,000.  I would have to look back at the log to see for sure.  I think it was about every six months.  Definitely a soft pull for the PC to signature.

3-26-15: FICO EXP: 828 - EQU:820 - TRAN: 828 - AVG: 825 +275 points from JUN 2008 - MY CREDIT JOURNAL

Message 7 of 42
Contributor

Re: Your worst and best credit card

My worst card was by far my CRAPital one secured card. God, that card was completely useless. Well, maybe not completely, as it did help me get the Discover IT, XD.

My best card is the Discover IT. I've gotten a ton of cashback with the 5% categories, and I really like being able to spend the cashback directly on Amazon. I do wish they'd give me some auto CLI luv though.


     $1500            $1500             $2500             $2500             NPSL         
Starting EQ: 646 - Current EQ: 693 - Goal EQ for 12/2013: >720
Gardening from 7/2013 until 1/2014
Message 8 of 42
Contributor

Re: Your worst and best credit card

Worst is definitely Orchard Bank, although I'm going to try for a CLI once the merger with Cap1 is complete.

 

I guess my best would be Cap1.. Despite all the negative comments about them (most are deserved, though), they've treated me relatively well. I'll be applying for an AMEX revolver next fall, so until then I technically don't have a "credit" card with them.



Scores as of 7/28/13: EX.683   TU.688   EQ.???
Message 9 of 42
Established Contributor

Re: Your worst and best credit card

Worst card: First Premier; approved 05/08 $250 limit/$72 annual fee

Best card: This question is relative, but my Chase Freedom is my go to/everyday card. My best card I think is a toss up between my Amex SPG and Chase SP, but my Navy Flagship Visa is my highest limit thus far. I entered into primeville in Sep 11...
TU FICO: 772 (Discover) • Exp FICO: 772 (Citi)

Amex BCE $13K | Amex Costco TE $10.4K | Amex SPG $5K | Chase Freedom Visa Signature $15K | Chase Sapphire Preferred Visa Signature $15K | Chase Ink Plus World Elite MC $5K | Citi TY Preferred World MC $10.1K | Citi Forward $10K | Citi Diamond Pref $7.6K | Discover IT $9.9K | JP Morgan Chase Select Visa Signature $9.2K | NFCU CashRew Visa Sig $25K | NFCU LOC $15K | NFL Visa Signature (Saints) $8.1K | USAA Amex $11.3K | USAA World MC $11.5K
Message 10 of 42