topic Re: Comenity CC question in Credit Cards

Comenity CC question

Anonymous — Thu, 02 Dec 2021 13:01:03 GMT

Well let me start off by saying I have quite a few credit cards BUT not a single one from Comenity. They send me offers but based on those offers they appear to be a sub prime lender. I could be wrong I do not know anything about them. I have CC's for 42 years and somehow never did apply for a card from them. I am in the garden but they sent me an offer for a store card that I am really interested in.

1) Do I need this card or just use my MC, Visa or AX card in that store?

2) Are they a sub prime lender? I stay clear of those, unless I am tricked by some fancy mailer.

3) I am in the garden is it worth a HP?

4) What are their SL's??? my FICO average around 780

5) I have a 7 figure income so by showing that do they want a 4506? I have done a 4506 with Discover and a few others but they are not sub prime cards.

6) Do they charge an AF? I stay clear of those as well. Unless they hide the fact in the offer. Aspiration ZERO is a good example, they hit me for a $60 AF, My Luxury Card I knew up front is a $195 AF but I am ok with that. I just don't like to be tricked into something.

Any advice would be appreciated.

Thank you in advance.

Mark

Re: Comenity CC question

Yasselife — Thu, 02 Dec 2021 14:45:19 GMT

@Anonymous

I used to have the Express store card when I was rebuilding. IME they were like any prime banks I deal with, no tricks, payments & automatic set ups went smoothly. They closed my account for inactivity after 1 year and unlike Syncro, Commenity sent me a letter informing me of a time window to use the card which I ignored.

If you see a benefit on getting the card, don't worry, they're legit.

forgot to mention:

I applied in the store app and no hp was done. I came to learn after sometime that it's what we call the kart trick.

Re: Comenity CC question

Goos — Thu, 02 Dec 2021 14:24:45 GMT

Almost all lenders have some sorta sub prime lending going on . If you are worried about the status of it or something , they all give out cards to people not as far along as you in the journey. Even the big boys . They offer a normal card and co branded . They even have bank accounts. Nothing sneaky or under handed they can be a bit goofy at times but they focus on co branded and their one non co branded card. But I don't know if they have an annual fees on any cards . I have never had an issue with them .

Re: Comenity CC question

SUPERSQUID — Thu, 02 Dec 2021 14:27:39 GMT

In general the store cards have no af. If you want to avoid an hp then by all means use one of your exsisting cards for purchases in those stores.

Re: Comenity CC question

GApeachy — Thu, 02 Dec 2021 14:43:43 GMT

@Anonymous which store card offer are you referring to?

Sometimes you can pick up their cards with sct...saving a hp. Ymmv.

Some of their sc offer promo financing ...saving interest above a certain purchase amt. each and every time you choose to do so, which saves additional future hp's when seeking promo's.

Comenity cards grow PDQ.... sometimes upon card/online activation/set up.

Depending on the card and depending on your wants and needs they can be beneficial.

Re: Comenity CC question

Anonymous — Thu, 02 Dec 2021 15:15:53 GMT

@GApeachy wrote:
@Anonymous which store card offer are you referring to?
Sometimes you can pick up their cards with sct...saving a hp. Ymmv.

Some of their sc offer promo financing ...saving interest above a certain purchase amt. each and every time you choose to do so, which saves additional future hp's when seeking promo's.

Comenity cards grow PDQ.... sometimes upon card/online activation/set up.

Depending on the card and depending on your wants and needs they can be beneficial.

I was looking for the "Big Lots" card. They sell really good laundry detergent very cheap. I run a lot of wash loads due to the fact my dog had puppies, and they are in a childs play pen and too young to go outside yet. So I must change their sheet like a dozen times a day or more. But it is a Comenity card. Like I said I just have no experience with that bank at all, Citi, WF, Chase and many more sure, but somehow this bank flew under the radar LOL

Thanks

Mark

Re: Comenity CC question

Remedios — Thu, 02 Dec 2021 15:18:12 GMT

80 cards and you're getting another one for cheap laundry detergent?

Re: Comenity CC question

Goos — Thu, 02 Dec 2021 15:35:53 GMT

Inflation is a mofo

@Remedios wrote:
80 cards and you're getting another one for cheap laundry detergent?

Re: Comenity CC question

GApeachy — Thu, 02 Dec 2021 15:36:51 GMT

@Anonymous sounds like a temporary need and probably not one that would qualify for promo either...I'd skip.

Just a search on their website didn't show where Comenity offered a set purchase amt. to qualify for one, only that you MAY be offered a promo at the register. The apr is extremely high.

Imo, I'd use one of your cc's with a decent apr over this sc.

Re: Comenity CC question

FinStar — Thu, 02 Dec 2021 15:45:47 GMT

@Anonymous wrote:
Well let me start off by saying I have quite a few credit cards BUT not a single one from Comenity. They send me offers but based on those offers they appear to be a sub prime lender. I could be wrong I do not know anything about them. I have CC's for 42 years and somehow never did apply for a card from them. I am in the garden but they sent me an offer for a store card that I am really interested in.
1) Do I need this card or just use my MC, Visa or AX card in that store? Couldn't you purchase cheap laundry detergent using your V/MC/D/AX? Anything in Big Lots you can obtain elsewhere without having the Big Lots CC.
2) Are they a sub prime lender? I stay clear of those, unless I am tricked by some fancy mailer.
3) I am in the garden is it worth a HP? If you claim to be in the garden, why risk a HP for the Big Lots retail card? Comenity isn't going to approve a $20,000 SL Big Lots CC out of the gate. It doesn't sound like you want to stay in the garden.
4) What are their SL's??? my FICO average around 780. They start around $250, IIRC.
5) I have a 7 figure income so by showing that do they want a 4506? I have done a 4506 with Discover and a few others but they are not sub prime cards. With 7-figure income, why not use one of the 70+ CCs (or debit cards) and earn points? Bank of America sometimes has 10% cashback offers in their portal for specific merchants that includes Big Lots.
6) Do they charge an AF? I stay clear of those as well. Unless they hide the fact in the offer. Aspiration ZERO is a good example, they hit me for a $60 AF Aspiration ZERO did not 'hit' you with a $60 AF. It was clearly stated in the program rules during the application process, you likely forgot or bypassed the T&Cs when the application wasn't approved right away. My Luxury Card I knew up front is a $195 AF but I am ok with that. I just don't like to be tricked into something.

Any advice would be appreciated.
Thank you in advance.
Mark

Ok, so this sounds like a rhetorical question because it almost appears like you want the Big Lots card? 🤔

Re: Comenity CC question

Anonymous — Thu, 02 Dec 2021 16:42:06 GMT

@FinStar wrote:
@Anonymous wrote:
Well let me start off by saying I have quite a few credit cards BUT not a single one from Comenity. They send me offers but based on those offers they appear to be a sub prime lender. I could be wrong I do not know anything about them. I have CC's for 42 years and somehow never did apply for a card from them. I am in the garden but they sent me an offer for a store card that I am really interested in.
1) Do I need this card or just use my MC, Visa or AX card in that store? Couldn't you purchase cheap laundry detergent using your V/MC/D/AX? Anything in Big Lots you can obtain elsewhere without having the Big Lots CC.
2) Are they a sub prime lender? I stay clear of those, unless I am tricked by some fancy mailer.
3) I am in the garden is it worth a HP? If you claim to be in the garden, why risk a HP for the Big Lots retail card? Comenity isn't going to approve a $20,000 SL Big Lots CC out of the gate. It doesn't sound like you want to stay in the garden.
4) What are their SL's??? my FICO average around 780. They start around $250, IIRC.
5) I have a 7 figure income so by showing that do they want a 4506? I have done a 4506 with Discover and a few others but they are not sub prime cards. With 7-figure income, why not use one of the 70+ CCs (or debit cards) and earn points? Bank of America sometimes has 10% cashback offers in their portal for specific merchants that includes Big Lots.
6) Do they charge an AF? I stay clear of those as well. Unless they hide the fact in the offer. Aspiration ZERO is a good example, they hit me for a $60 AF Aspiration ZERO did not 'hit' you with a $60 AF. It was clearly stated in the program rules during the application process, you likely forgot or bypassed the T&Cs when the application wasn't approved right away. My Luxury Card I knew up front is a $195 AF but I am ok with that. I just don't like to be tricked into something.

Any advice would be appreciated.
Thank you in advance.
Mark
Ok, so this sounds like a rhetorical question because it almost appears like you want the Big Lots card? 🤔

Well OK its not worth leaving the garden for a new card that has a low CL. I am going today to buy the weeks supply of laundry detergent. The WF Propel AX is out of my rotation today. The Aspiration card is out of rotation too today. I never used that one yet. Time to break it in. Well I liked the Big Lots card it is orange LOL, the only other orange card I have is Home Depot but I think that has a $15,000 CL, well it is a Citi card so they give me higher lines LOL

I am staying in the garden and will use whatever card is out of rotation for that day. Hard decision the Propel or Aspiration ZERO. I am off to Big Lots. It was tempting but maybe in two years. I don need a low SL card for sure

Thanks

Mark

Re: Comenity CC question

4sallypat — Thu, 02 Dec 2021 18:01:56 GMT

I have no issues with Comenity.

They specialize in store cards but I only have had their V/MC.

Recently they closed the Virgin Airlines card which was my first Comenity card.

I have the Sportsman Guide VISA and Caesar's Total Rewards VISA with high SL.

No interest as I PIF.

Re: Comenity CC question

SoCalGardener — Thu, 02 Dec 2021 18:22:10 GMT

FWIW, @Anonymous, I wouldn't bother with the Big Lots card. Considering your collection of great cards, why add a store card?! You can easily use your major CCs for purchases at Big Lots, right? So why bother?

I have a few Comenity cards, all of which I got when my credit was not as good as it is now (mid-700s then), and while I don't have any real complaints about them, I also don't have a lot of compliments. They're very limited as to where you can use them, their APRs are really high (although I never carry a balance on them, so it doesn't matter), CLIs are few and far between, and if I had it to do over again, I don't think I'd bother with them.

My vote is..... NO!!

Re: Comenity CC question

Anonymous — Thu, 02 Dec 2021 19:46:16 GMT

@SoCalGardener wrote:
FWIW, @Anonymous, I wouldn't bother with the Big Lots card. Considering your collection of great cards, why add a store card?! You can easily use your major CCs for purchases at Big Lots, right? So why bother?

I have a few Comenity cards, all of which I got when my credit was not as good as it is now (mid-700s then), and while I don't have any real complaints about them, I also don't have a lot of compliments. They're very limited as to where you can use them, their APRs are really high (although I never carry a balance on them, so it doesn't matter), CLIs are few and far between, and if I had it to do over again, I don't think I'd bother with them.

My vote is..... NO!!

OK, this credit card thing is just a hobby for me. Having only one orange card (Home Depot) I thought it would be nice to have another. That is why I do not want cards with an AF. I dont need half of my cards, they are in rotation so they all get used but I really have too many. AND I need 2% utilization to report to the bureaus so the more CL that I have the more I have to let report every month to keep up the 2%.

OK so I will do without another orange card for the next two years unless something really special comes out in orange LOL

Thanks

Mark

Re: Comenity CC question

Yasselife — Thu, 02 Dec 2021 22:32:43 GMT

@Anonymous
I am sure better things will come out in less than 24 months; but if you're into collecting cards 🤷‍♂️ and want to keep the fun. It's not like you need credit anyway I assume. I enjoy this hobby but I do need credit; my decisions won't suit your needs/wants.

Re: Comenity CC question

SUPERSQUID — Thu, 02 Dec 2021 22:47:36 GMT

One other thing to remember in big lots, join the big lots club and you will get more savings and if you are a vet and you show your vic at the register you get another 10 percent off on top of the savings.

Re: Comenity CC question

Anonymous — Fri, 03 Dec 2021 02:12:48 GMT

@SUPERSQUID wrote:
One other thing to remember in big lots, join the big lots club and you will get more savings and if you are a vet and you show your vic at the register you get another 10 percent off on top of the savings.

Yeah I hear ya, but I was never in the military so I can't join Navy Federal, USAA etc. I don't qualify not being in the military. So I just do without. I dont mind save those things for the people who do belong and deserve the benefits

Thanks

Mark

Re: Comenity CC question

Anonymous — Fri, 03 Dec 2021 02:15:48 GMT

@Yasselife wrote:
@Anonymous
I am sure better things will come out in less than 24 months; but if you're into collecting cards 🤷‍♂️ and want to keep the fun. It's not like you need credit anyway I assume. I enjoy this hobby but I do need credit; my decisions won't suit your needs/wants.

Thanks, you are correct I do not need half of what I have but the damage is done so I may as well keep them all. I do rotate cards in my portfolio daily. I also rotate the two cards that my two personal assistants carry. They spend more then I do LOL. But its all for my bills etc anyway

Re: Comenity CC question

SUPERSQUID — Fri, 03 Dec 2021 02:56:50 GMT

@Anonymous wrote:
@SUPERSQUID wrote:
One other thing to remember in big lots, join the big lots club and you will get more savings and if you are a vet and you show your vic at the register you get another 10 percent off on top of the savings.
Yeah I hear ya, but I was never in the military so I can't join Navy Federal, USAA etc. I don't qualify not being in the military. So I just do without. I dont mind save those things for the people who do belong and deserve the benefits
Thanks
Mark

If you already have a cb card they probably take it and if you join big lots rewards you get more discounts. you dont need the big lots credit card to get the big lots rewards card. they are different cards, and to your liking they are both orange.

There are a few items that were inexpensive in that store even before the discounts,

instant coffee

as you mentioned laundry detergent

paper plates

deodorizer refills such as airwick

spices, they have a huge assortment of spices for a buck each

I used to go to that store regularly but then i got mad at comenity when they turned me down for a cli so i just paid off the card and never go there.

Re: Comenity CC question

FinStar — Fri, 03 Dec 2021 03:39:21 GMT

@SUPERSQUID wrote:
@Anonymous wrote:
@SUPERSQUID wrote:
One other thing to remember in big lots, join the big lots club and you will get more savings and if you are a vet and you show your vic at the register you get another 10 percent off on top of the savings.
Yeah I hear ya, but I was never in the military so I can't join Navy Federal, USAA etc. I don't qualify not being in the military. So I just do without. I dont mind save those things for the people who do belong and deserve the benefits
Thanks
Mark
If you already have a cb card they probably take it and if you join big lots rewards you get more discounts. you dont need the big lots credit card to get the big lots rewards card. they are different cards, and to your liking they are both orange.
There are a few items that were inexpensive in that store even before the discounts,
instant coffee
as you mentioned laundry detergent
paper plates
deodorizer refills such as airwick
spices, they have a huge assortment of spices for a buck each
I used to go to that store regularly but then i got mad at comenity when they turned me down for a cli so i just paid off the card and never go there.

Never understood that logic, but to each their own.

If you were shopping at BL *before* acquiring the BL credit card, it really isn't the retailer's fault one gets declined for the card or even a CLI, especially if they accept *other* forms of payment. It's not like Comenity Bank owns BL or the prices for goods will go up if you decide to forego using the BL credit card 🤷‍♂️ And, as pointed out, one doesn't need the BL card to join their loyalty program, like most retailers.