RH Gold Card Approval - 10k 700+ FICOs - Coastal Community Bank is Subprime though?

[youngandcreditwrthy]

I guess I'm excited, this will artificially lower my utilization and 3% on everything and PIF is a no brainer. 

The bank behind this card Coastal Community Bank is slightly subprime as I once had a subprime card by them with numerous fees and closed it out as soon as I replaced the line about 2.5 to 3 years ago. 

This was kind of on a whim, and CK has been recommending to me very very prime cards and my vantage scores suck. vantage scores are lower than my ficos (because I have opened many accounts - 13 in the last year of which 5 were closed by Synchrony and caused me to lose about 20-25% of my total lines).

In any event, I have not seen any alerts yet of what report was pulled, I know my FICOs are roughly 700 across the board. Equifax has only 1 inquiry left that'll fall off begin '26.

TU has 8,soon to be 6 inqs total as does Exp.

One very very odd note is that "new york residents with a NY billing address must use or FORFEIT any points earned within 90 days of earing them"

that's subprime. lol I also think my high risk investing (very high returns on my own scalping lol) will be more well fitted for RH vs using a Fidelity account. This will def allow them to have access to some of my non-retirement savings. 

 I'll have to see if they're offering cash advances( not that I'd take them, but that still should be a consideration with a 10k limit).

I'm EXCITED but worried about the $15 fee I paid to have it expedited AND worried about the $50 fee for annual membership to Robinhood.

but now I can prolly cancel my Merrick bank card that just stopped growing. Every time I call for a CLI, they tell me I have to wait another 3 months from my last request. Merrick has been easy to deal with but I dont like the lack of cli availability or having to call in.  

RH and Coastal Bank did verify a lot of information and I still dont see any inquiries or alerts coming in 15 mins later. 

GOOD LUCK EVERYONE! Dont rack up too much Xmas debt. I think this is going to be the worst Xmas for most in 20 years or so due to deterioration in the economy at large. The CFPB is not even really staying on banks any more and paying attention with a 30% reduction in their meager former already lean lean budget. 

PS: I verifed my ID and can already make purchases after being required to download the app, create an account (I think I used my existing account that was halfway created and Ill make my riskier investments over on RH rather than Fidelity now). I locked the card too and already got the numbers and can add it to my Apple Wallet. 

Doggonit, and I just opened 1,000 Apple card + that $5000 Crate & Barrel Visa Siggy that transferred over to Imprint over two months ago is STILL NOT REPORTING! So I have 16,000 of credit lines not reporting. :-(

and they do a soft pull pre approval

[Meanmchine]

Congrats on your new approval

[TrapLine]

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@Meanmchine wrote:

Congrats on your new approval

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Good to see you ... 

[Copenix]

Congrats on your RH approval. Enjoy your new card.

[youngandcreditwrthy]

Thanks, it's only my 3rd five figure CL in the last 2 or 3 years to be approved.

I had not even completed signing up for the robinhood trading account BTW and no fees have been charged (the RH Gold trading plan is required to have this card annual fee, but it seems like the RH platform and the card aren't quite integrated technically as well as they could be; I also keep reading its invite only and I've been being hounded about this card for months  in my email as well as in credit karma - I applied through CK which I believe helped along the ID verification and the higher SL. I reviewed my soft pulls on my reports and did see the soft pulling me a bit but I think it was for products I otherwise would not have applied for unless they soft pulled me during the account creation.. because I got all the way to the ID verification for account application/opening for the trading account not the CC - so they might have soft pulled me then too)

It seems like a special card that is now avail in Rose Gold and REAL GOLD 24k PLATING or solid 10k. I just want it to report!!! so Cap One will see and CLI my Venture and West Elm Visa's stuck at a little bit less than 10k each collectively. 

BUT 3% BACK ON EVERYTHING or EVEN 2% for $50 a year is not bad!!! This year I've gotten back about $3,000 in cash back or other rewards.

There is a flat rate of 29.99 on this card which isn't great if you carry a bal.