@Anonymous wrote:
In the long run theyre not that great. The idea is to have another building tool. In 6 months whatever accounts you got should have increases, score bump and history-- qualifying for the better retail Cards from synchrony, and prime Cards from whomever you choose.
Everyone story is different some thin file people get slammed with a wonderful $5,000 limit from Chase Freedom right out of the gate and other people only get a $1,000 limit Ive had to play this rebuilding game with other banks there are inferior
Says you. For me, the two I'm interested in would be wonderful for me given their rewards and how often I shop with these stores, so how can you say that? Not to mention, both cards in my scenario are VS as well as many other "store" cards. The OP here got, not one, but two cards with limits exceeding 5k. Like I said, I don't understand the mentality regarding these types of cards on the board.
@Anonymous wrote:
@Anonymous wrote:
In the long run theyre not that great. The idea is to have another building tool. In 6 months whatever accounts you got should have increases, score bump and history-- qualifying for the better retail Cards from synchrony, and prime Cards from whomever you choose.
Everyone story is different some thin file people get slammed with a wonderful $5,000 limit from Chase Freedom right out of the gate and other people only get a $1,000 limit Ive had to play this rebuilding game with other banks there are inferiorFordguy89. You are insightful, really. In the long run the SCT are not that great. I opened many during the rebuilding stage of my credit in July and now they are just annoying small limit cards with very high APR. I have a few of the Visa cards, Sportsman, Modell MVP and Total Rewards. I don't shop at Sprtsman or Modell, so their perks have no value. The interest rate is high and really no benefits like the prime lenders, 0% APR intro offer, Bal Tranfer, offer, cash or travel rewards. I have ALL of them paid off and will wait till January (6 month window) and see how this enhances my credit score. But definitely 2016, getting most Comenity cards off of my active credit list.
I do understand the need to start somewhere and Comenity cards are easy to get, but do some research to make sure they work for you! I wish I knew then what I know now, lol!
And therein lies the problem, people just apply/accept "store" cards without doing any research, and then realize later that they didn't have a use for a particular card, so therefore the SCT is a bad thing. Sorry to say, but, that's some pretty interesting reasoning. Before you denounce the SCT, I would do what you said you should've done, and that's a little research. Just because you received "small" limits with "high" APR, doesn't mean that everyone will. But, I'm sure you won't even bother, the OP here has already shown that it's possible to get nice limits on "store" cards (as well as many others, like the Carson's card can go as high as 30k, but I digress) and because most of these cards are rewards cards, you don't want to carry a balance because that would negate your rewards, so the APR means nothing (I'm ignoring the fact that some "store" cards offer APRs at least as low as 14.9%, which is inline with prime lenders).
@Anonymous wrote:
I also wasn't trying to say all of the SCT Card are terrible. For example the Victoria's Secret if you are not a card member youre actually missing out on some of the sales! Not all the retailers are like that. In that case because you're already a regular u know what to attack and what you want.
I'm a huge fan of the sportsman guide visa! It let me do a balance transfer 12 month. some of my community bank cards, much much better than others! Just don't go applying for a bunch of chandelier retailers unless your line of work is decorating sound stage studios's ceilings with chandeliers, in that case you should be using a business card of some sort of cash back, no?
Okay, so what you're saying NOW is, do some research and find out which "store" card could be beneficial to you, as oppose to your previous comment of "In the long run theyre not that great."
@Anonymous wrote:
If everyone was super informed this board would only have like 35 topics.
What does that have to do with the subject at hand? If many people on this board did basic research on CCs that they're interested in, it has no bearing on all the datapoint posts and topics, so I don't know where you came up with such a statement.
@Anonymous wrote:
Most people signed up on here because they are in trouble or they're already rebuilding, not to "sword fight"who has the most awesome Card, limits, 9.69 permanent APR, etc. most of the people who DO sword fight with awesome Card had to rebuild to get there. Plump up their ego, its ok. I can't say I wouldn't post good news and take some pats on the back if my last chargeoffs fell away and I got in with us bank!
???
My whole point, is, this board is supposed to be informative, and yet, I see a lot of unnecessary "hate/turned up nose" over the SCT when in actuality, it could be an invaluable tool, if used wisely.
@Anonymous wrote:What may work for some may not work for others. I am not judging anyone who utilizes the SCT, how can I, I have many, but if I have a change of heart, then it's my prerogative. Many people post that they close accounts that I would love to have, but I don't attack them or insinuate that they are turning their nose up at me because I may desire one of those cards.
And that's exactly my point. People here have this disdain for the SCT simply because they didn't use it prudently (and just so you don't think I'm attacking you again, I too have cards that I wouldn't have had I done my research but I wasn't as knowledgeable when I applied for them), and then discourage others from utilizing it even though it can be an invaluable tool. No one is saying that you can feel that it isn't for you, but to say "In the long run the SCT are not that great," can be disingenuous. So when newcomers (such as myself) come, they think that the SCT is a bad thing, when if utilized properly, it could really be a good thing.
And no one is attacking you. That's more than a bit melodramatic.
@Anonymous wrote:
The SCT standards are pretty much the same for everyone, perhaps a few exceptions, but not many. Granted limits may vary some, but I guarantee that you will not get a SL with VS for 2K, 😂😂. When I apped for SCT it was because they were easiest credit cards to acquire, it helped me establish credit, but now I tend to be more thoughtful in the application process. Congrats to everyone who gets approved for the cards that they seek!
And this is what I don't get. How can you say that when the OP here got several cards via the SCT well over 2k and a VS?! And again, I'm not attacking you, I just find this odd that people keep saying things of this nature, when there is ample evidence to the contrary.