topic Re: What CC is consider Primer Card in Credit Cards

What CC is consider Primer Card

xautodetail — Fri, 01 May 2015 23:14:51 GMT

Hi all what card is considere Primer card

Re: What CC is consider Primer Card

Anonymous — Fri, 01 May 2015 23:17:52 GMT

What do you mean by 'primer'?

Re: What CC is consider Primer Card

Anonymous — Fri, 01 May 2015 23:19:04 GMT

Guessing they mean prime?

Re: What CC is consider Primer Card

Anonymous — Fri, 01 May 2015 23:22:29 GMT

@Anonymous wrote:
Guessing they mean prime?

That's why I asked - I wasn't sure if OP meant prime or like primary or possibly like first.

Re: What CC is consider Primer Card

Anonymous — Fri, 01 May 2015 23:23:43 GMT

Prime card is a card with a top bank in the U.S. For example thus Chase, Amex, US Bank, Citi, BOA etc...

Re: What CC is consider Primer Card

Anonymous — Sat, 02 May 2015 00:37:53 GMT

@Anonymous wrote:
Prime card is a card with a top bank in the U.S. For example thus Chase, Amex, US Bank, Citi, BOA etc...

Then the question becomes "What is a top bank"! For example, many here don't regard Cap One as prime, but it is one of biggest banks in the country.

While I think the usage of "prime" card is very suspect, if people must, I would I view any bank card as prime that doesn't have:

1) AF that is a big % of the CL

2) Monthly fees (usually after the first year)

3) Very high APR (say 30+%)

Re: What CC is consider Primer Card

Anonymous — Sat, 02 May 2015 00:41:25 GMT

@Anonymous wrote:
@Anonymous wrote:
Prime card is a card with a top bank in the U.S. For example thus Chase, Amex, US Bank, Citi, BOA etc...
Then the question becomes "What is a top bank"! For example, many here don't regard Cap One as prime, but it is one of biggest banks in the country.

While I think the usage of "prime" card is very suspect, if people must, I would I view any bank card as prime that doesn't have:

1) AF that is a big % of the CL
2) Monthly fees (usually after the first year)
3) Very high APR (say 30+%)

I agree... I actually thinks CAP 1 rates high also and don't get enough credit. A few research on my part has made me like I said in another thread have al ot of respect for them.

Re: What CC is consider Primer Card

Anonymous — Sat, 02 May 2015 00:43:44 GMT

@Anonymous wrote:
@Anonymous wrote:
Prime card is a card with a top bank in the U.S. For example thus Chase, Amex, US Bank, Citi, BOA etc...
Then the question becomes "What is a top bank"! For example, many here don't regard Cap One as prime, but it is one of biggest banks in the country.

While I think the usage of "prime" card is very suspect, if people must, I would I view any bank card as prime that doesn't have:

1) AF that is a big % of the CL
2) Monthly fees (usually after the first year)
3) Very high APR (say 30+%)

I thought when discussing whether Cap One was prime, it depends on the card? Venture and QS are more prime, I suppose, than VentureOne, QS1, Platinum and Secured.

If we're dicussing what cards are prime, I more or less agree with your assertion. The only exception I can consider is that I wouldn't consider a card that is secured prime, but if the secured card graduates into an offering that is considered prime by most (example: Discover, BofA 321 cash rewards, etc etc etc) then is said secured card a prime card obtained by a subprime consumer or is it not considered prime until it graduates?

Re: What CC is consider Primer Card

Anonymous — Sat, 02 May 2015 00:47:09 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Prime card is a card with a top bank in the U.S. For example thus Chase, Amex, US Bank, Citi, BOA etc...
Then the question becomes "What is a top bank"! For example, many here don't regard Cap One as prime, but it is one of biggest banks in the country.

While I think the usage of "prime" card is very suspect, if people must, I would I view any bank card as prime that doesn't have:

1) AF that is a big % of the CL
2) Monthly fees (usually after the first year)
3) Very high APR (say 30+%)
I thought when discussing whether Cap One was prime, it depends on the card? Venture and QS are more prime, I suppose, than VentureOne, QS1, Platinum and Secured.

If we're dicussing what cards are prime, I more or less agree with your assertion. The only exception I can consider is that I wouldn't consider a card that is secured prime, but if the secured card graduates into an offering that is considered prime by most (example: Discover, BofA 321 cash rewards, etc etc etc) then is said secured card a prime card obtained by a subprime consumer or is it not considered prime until it graduates?

This is why I sort of think the term is meaningless. It doesn't only depend on the card but the terms you get with it. So Freedom is an entry-level card for Chase. You can get it with lowish scores, and get say a $500 CL with a 22.9% (or whatever) APR. Or you can get it with a $40,000 CL and a 13.99% APR. Are both "prime"? Is the former more prime than say a Cap One QS 1 with a $1,500 CL and 20% APR?

Re: What CC is consider Primer Card

inthewoods — Sat, 02 May 2015 01:01:13 GMT

IMHO it is simply a card that is targeted at (and attractive to) low-risk credit consumers. Contrasted with sub-prime, of 2007/2008 fame. So, generally, say any card that requries perhaps 720–740 or higher.

Re: What CC is consider Primer Card

Anonymous — Sat, 02 May 2015 01:05:11 GMT

@inthewoods wrote:
IMHO it is simply a card that is targeted at (and attractive to) low-risk credit consumers. Contrasted with sub-prime, of 2007/2008 fame. So, generally, say any card that requries perhaps 720–740 or higher.

I agree to some extent, but a number of cards have broad rangers. So by that defintion, Chase Freedom wouldn't be prime, nor most Amex cards (and probably many others)

Re: What CC is consider Primer Card

Anonymous — Sat, 02 May 2015 01:10:09 GMT

There are more than one factor when deciding if a card is prime or sub-prime. Some of which is in the eye of the beholder. As previously mentioned, a lot of people consider Capital One sub-prime, when in reality, they are both. Some cards are sub-prime while some could be considered as prime. This also goes for most credit card lenders. That being said, there are some lenders that are completely sub-prime (First Premier, Credit One, etc...).

Re: What CC is consider Primer Card

xautodetail — Sat, 02 May 2015 03:53:09 GMT

Ok when i ask for Premier Card i am ask card we the best reputation big bank .

Re: What CC is consider Primer Card

Anonymous — Sat, 02 May 2015 04:01:56 GMT

Cap One is one of the biggest banks so don't cut them short. They wouldn't be giving out the high CL's if they weren't. I think you'l find everyone has their preference. All of the biggies were mentioned except Barclays. I want their Ring in the future.

Re: What CC is consider Primer Card

Anonymous — Sat, 02 May 2015 13:04:10 GMT

There isn't really a card with the 'best reputation' - there are people who have had fantastic experiences with most of them, and there have been people with not so good experiences with most of them. If you are looking for a new card, if you mention a generalisation of your regular spending habits I'm sure someone could point you in the direction of what is considered a prime card with rewards to match what you're looking for.

The word "prime" is overused and the definition is far too vague to really say specifically what is prime and what isn't.

Re: What CC is consider Primer Card

Anonymous — Sat, 02 May 2015 13:25:44 GMT

"Prime" is so subjective. Most of us here on the board will say it depends on the card itself not just the lender. For example a Venture from Cap One (min $5k CL, usually good APR, god benefits, need good credit to be approved), while a QS1 or Platinum on the other hand would not be considered prime (low limits, high APR, don't need good credit for approval). The only reason I bring up Cap One is because they target a wider audience than most lenders. They have cards for people with bad/rebuilding credit, secured cards, and even what we here call "Prime" cards for excellent credit.

Re: What CC is consider Primer Card

Anonymous — Sat, 02 May 2015 15:17:40 GMT

are you ging to paint lol

Re: What CC is consider Primer Card

kdm31091 — Sat, 02 May 2015 16:26:45 GMT

To me the "prime" thing is totally subjective and not very meaningful. However, I'd stay away from anything "subprime", to me that means things with huge AF yet no benefit, 30 percent APR etc

Re: What CC is consider Primer Card

NRB525 — Sat, 02 May 2015 17:48:34 GMT

@xautodetail wrote:
Ok when i ask for Premier Card i am ask card we the best reputation big bank .

There are several banks with good reputations in the credit card world, Chase, Capital One, AMEX, Bank of America, and Citi Bank, Discover, US Bank, and several others.

Each of the banks have certain co-branded cards, which can be useful if you travel a lot. Otherwise, there are other ways to look at rewards structures based on your spending patterns. The credit cards industry is so competitive these days, that all of the larger banks who issue credit cards are very responsive, give good service to good customers. That's not the same thing as saying everyone here is happy with all the credit card companies, but in general, they do try to keep their customers by providing good service.

Credit Unions have many good offerings as well.

One thing to keep in mind, once you are issued a VISA or MasterCard or American Express or even Discover card, that is the main feature of the card that gets it recognized. The bank behind the card is rather secondary to the point of sale where you are doing the transaction. The merchant doesn't care which bank the card came from, as long as it gives them an approval so they know they will be paid by the payment network.

Re: What CC is consider Primer Card

xautodetail — Sun, 03 May 2015 01:21:51 GMT

Ok this is what i sink

Amex you have to have more the 670 CS in order can have one maybe more CS

City : Same you have to have good credit Score

Chase: Same same .

i Not said the Capital ONe , BoA ,Discover is not primer card or good bank, by you can have this card we 620 CS some time we less.