topic Re: Your worst and best credit card in Credit Cards

Your worst and best credit card

p- — Tue, 25 Jun 2013 20:17:03 GMT

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.

Re: Your worst and best credit card

Simply827 — Tue, 18 Jun 2013 16:56:47 GMT

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.

Re: Your worst and best credit card

red259 — Tue, 18 Jun 2013 17:22:09 GMT

@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?

Re: Your worst and best credit card

injustifiiable — Tue, 18 Jun 2013 17:49:25 GMT

Worst: Credit One

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

Re: Your worst and best credit card

Manny121 — Tue, 18 Jun 2013 17:55:23 GMT

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

Re: Your worst and best credit card

recordaras — Tue, 18 Jun 2013 18:04:10 GMT

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.

Re: Your worst and best credit card

p- — Tue, 18 Jun 2013 18:53:19 GMT

@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.

Re: Your worst and best credit card

528491 — Tue, 18 Jun 2013 18:59:59 GMT

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.

Re: Your worst and best credit card

Anonymous — Tue, 18 Jun 2013 19:04:43 GMT

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.

Re: Your worst and best credit card

Anonymous — Tue, 18 Jun 2013 19:06:00 GMT

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...

Re: Your worst and best credit card

Anonymous — Tue, 18 Jun 2013 19:13:15 GMT

My worst credit card is probably my JCP card that I received In 2008 at age 18. Its interest rate is over 26% standard and I avoid using it as much as possible. It does have one of my highest credit limits, however.

My best is a tie between my Blue Cash and my Sapphire Preferred. I use them more than any other card in my possession and the rewards are great. I got both of them at 22.

Re: Your worst and best credit card

lg8302ch — Tue, 18 Jun 2013 19:13:21 GMT

This is really a difficult question for me as I never had any other cards than the ones in my signature.

Worst for AF and no benefits was BofA with 15$ AF but this card is also my best for lowest APR (prime rate) now. BofA has shown me a lot of love and that is why I like to bank with them

Re: Your worst and best credit card

SpeeDj — Tue, 18 Jun 2013 19:22:43 GMT

Worst for me was the Cap One Plat MC that started @ 500 which is now @ 2k

Best at the moment is Chase @ 2.5k

But I think in 6 months I should see a nice CLI across the board as my lates will be dropped and the last negative I have of a medical collection will be removed as well. Thats when I plan to finally have Credit Lines that I should have relative to my income. Until then, it's keep util low and rotating the cards around to use each of them while I wait for November.

Re: Your worst and best credit card

Anonymous — Tue, 18 Jun 2013 19:39:18 GMT

@Simply827 wrote:
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.

I had the Credit One card with the $8.95 monthly maintenance fee. After the CARD Act was passed, which limited the fees they could charge, Credit One tried to make me pay for CLIs. Yeah, right. I was so glad when I got rid of that card. I never even should have gotten it, but it was from before I joined this forum.

My current best card is my BankAmericard 123 Cash Rewards Visa. It has a $7000 CL and 9.9% APR. I probably could have gotten a higher limit if I had asked for it, but $7000 is fine for now. Maybe next year I'll ask for another CLI.

Re: Your worst and best credit card

HiLine — Tue, 18 Jun 2013 20:17:14 GMT

My worst: BofA BankAmericard secured Cash Rewards credit card with a 2k limit

My best: the same card graduated: BofA BankAmericard Cash Rewars credit card with a 12k limit, annual fee removed

BofA is just awesome.

Re: Your worst and best credit card

DrJim — Tue, 18 Jun 2013 20:26:45 GMT

My worst was Orchard with a $300 CL and $59 annual fee. I think there was also an application fee.

Within a few months I had a WF Visa with a $11K limit, an AMEX with $2K and NFCU with a higher CL than WF. You can see the current limits below after 3+ years.

Re: Your worst and best credit card

Anonymous — Tue, 18 Jun 2013 20:37:52 GMT

crapone for sure. besides the 0% APR for 12mos BT, it's a SD. ExO cancelled my AF this round, but once I get my CLs up on my other cards, I'm shutting this one down before the next AF hits.

Re: Your worst and best credit card

shanac — Tue, 18 Jun 2013 21:55:09 GMT

My worst: Applied Card Bank at 29.99% APR; no grace period; $15 monthly fee (which was later reduced to $5). My CL started at $500 and increased to $2150. I hadn't used it in over a year and a half and they keep sending me offers to increase the limit for a $100 fee. No thank you! I closed this card last week! .

My best: I consider the BCP to be my "best"at the moment because of the 6% cash back on groceries. The FreedomSig. gets the most usage though.

Re: Your worst and best credit card

Anonymous — Tue, 18 Jun 2013 21:59:14 GMT

My worst card was capital one secured card, with $1300 limit. And finally able to get rid of it! But I would say discover is worst in regard to CL!

My highest limit is Amex BCE, $5000. It took me 8 months to get this card after I got my first card.

Re: Your worst and best credit card

bobkabob — Tue, 18 Jun 2013 22:05:37 GMT

My best revolving credit card would have to be my BankAmericard with a $2.5k CL.

My worst would have to be my Discover Open Road (started at $500, auto CLI $150 for a CL of $650) I PC'd to the IT and requested a CLI but CSR advised to wait until acct is one year old (November)

18 year old building credit, so can't complain too much!