topic Comenity Max Exposure ! in Credit Cards

Comenity Max Exposure !

peghede — Sun, 11 Sep 2016 03:10:32 GMT

What's the max exposure with Comenity ,is 164k on 9 cc to much? how many accounts is safe to have with them,are they like Synchrony (R.I.P) 100k and lexus nexus bs?

Re: Comenity Max Exposure !

805orbust — Sun, 11 Sep 2016 03:30:16 GMT

From what I've read here lurking on the forum, yes. YMMV, however it appears as if the buzz on Comenity is to tread lightly.

Re: Comenity Max Exposure !

score_building — Sun, 11 Sep 2016 04:42:45 GMT

@peghede wrote:
What's the max exposure with Comenity ,is 164k on 9 cc to much? how many accounts is safe to have with them,are they like Synchrony (R.I.P) 100k and lexus nexus bs?

With respect to diversity, and considering it's with a so-so issuer with avg product/ propensity for AA in response to overdeveloped profiles, yes.

Re: Comenity Max Exposure !

Anonymous — Sun, 11 Sep 2016 04:40:15 GMT

This looks and feels like a bait post.

Re: Comenity Max Exposure !

pipeguy — Sun, 11 Sep 2016 06:07:26 GMT

@peghede wrote:
What's the max exposure with Comenity ,is 164k on 9 cc to much? how many accounts is safe to have with them,are they like Synchrony (R.I.P) 100k and lexus nexus bs?

In my opinion anything over $00 is too much to have with Comenity, but forgetting my bias, why would you want $164k of high APR credit when if you only carry a 10% balance you are paying thousands of dollars in interest? If in fact you pay in full every month on every card with a balance, why would you want that much wasted exposure? If you are paying interest on credit cards at anything more than 2% you are killing any "rewards" or cash back which are typically no more than 2%.

Prime cards are going to start telling you "you have enough open credit lines". There is no reason to have a $25k credit line on a store card that you might charge $500 to $1000 on - the utility factor is only good if you are carrying a balance and with Comenity that comes at a high $$$ APR. $25,000 in bank card credit is worth much more than $164k in store card credit IMO.

It's like buying a $100,000 car and not being able to qualify for a mortgage = improper financial planning.