topic Re: Approved/PreQualified Avant, should I grab it? in Credit Cards

Approved/PreQualified Avant, should I grab it?

kr43002 — Fri, 22 Apr 2022 17:41:17 GMT

So while checking credit karma for any alerts, I noticed on the front page "Excelent approval odds" for Avant.

I decided to see what I was approved for, came back with a $300 Line, $59 AF, 24.99% APR.

I really don't have a need for any more cards, so I am probably turning this down.

Is this a good card (I.E. They wave the AF and give better credit lines) or should I just pass up on this?

For those wanting Data points on this

Current F8 ranges from 605-632

80% Util, however just paid off most of my cards so once reports it should be closer to 30%

Re: Approved/PreQualified Avant, should I grab it?

simplynoir — Fri, 22 Apr 2022 15:32:53 GMT

I would take a hard pass on this card. Looking at your signature you have a good portfolio to work with right and this card doesn't really serve any benefit to you other than being another credit line. Once your scores improve I would look to cards that serve a purpose with regards to your spending. Being patient during your rebuild will hlep you more in the long run

Re: Approved/PreQualified Avant, should I grab it?

Wavester64 — Fri, 22 Apr 2022 15:58:52 GMT

@simplynoir wrote:
I would take a hard pass on this card. Looking at your signature you have a good portfolio to work with right and this card doesn't really serve any benefit to you other than being another credit line. Once your scores improve I would look to cards that serve a purpose with regards to your spending. Being patient during your rebuild will hlep you more in the long run

@kr43002 ^^ This. I agree 100%.

Re: Approved/PreQualified Avant, should I grab it?

KJinNC — Fri, 22 Apr 2022 21:29:07 GMT

I'd pass. And more broadly, I think you are at a point where you can pass on any card that is either secured (some possible exceptions with rewards, including Discover), or has an annual fee and no or minimal rewards. I'd be thinking in terms of something like a Delta Blue or Discover next. JMO, good luck!

Re: Approved/PreQualified Avant, should I grab it?

7774x — Sun, 24 Apr 2022 19:05:37 GMT

@simplynoir wrote:
I would take a hard pass on this card. Looking at your signature you have a good portfolio to work with right and this card doesn't really serve any benefit to you other than being another credit line. Once your scores improve I would look to cards that serve a purpose with regards to your spending. Being patient during your rebuild will hlep you more in the long run

Take a pass,.... other offers out there ..no AF $1500 limit, more in 6 months.. I don't use sub prime cards anymore