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Bye Bye Cap One

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Anonymous
Not applicable
‎04-13-2016 12:22 AM
‎04-13-2016 12:22 AM

Re: Bye Bye Cap One

Good choice, OP. There's no reason to stick with a subprime lender with those scores.

Message 31 of 41
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Anonymous
Not applicable
‎04-13-2016 12:55 AM
‎04-13-2016 12:55 AM

Re: Bye Bye Cap One

@Anonymous wrote:

Good choice, OP. There's no reason to stick with a subprime lender with those scores.

You brought up a good point. I didn't get anywhere either til I applied for a couple Cap One prime cards. Venture boom! $15k Venture One boom! $7.5k  With the OPs scores, I bet would get approved for a NICE SL on a Venture, Venture1 or QS card. I was only in the mid 600 scores across the board when I got mine.

 

Your reference to C1 being a subprime lender is false, however. They are a full spectrum lender, offering both subprime (helping folks establish / reestablish), while they also offer prime products, serving the market of those who have paid their dues and have better credit.

Message 32 of 41
Anonymous
Not applicable
‎04-13-2016 01:05 AM
‎04-13-2016 01:05 AM

Re: Bye Bye Cap One

@Anonymous wrote:
@Anonymous wrote:

Good choice, OP. There's no reason to stick with a subprime lender with those scores.

You brought up a good point. I didn't get anywhere either til I applied for a couple Cap One prime cards. Venture boom! $15k Venture One boom! $7.5k  With the OPs scores, I bet would get approved for a NICE SL on a Venture, Venture1 or QS card. I was only in the mid 600 scores across the board when I got mine.

 

Your reference to C1 being a subprime lender is false, however. They are a full spectrum lender, offering both subprime (helping folks establish / reestablish), while they also offer prime products, serving the market of those who have paid their dues and have better credit.

They're a subprime lender, just because they offer some "prime products", doesn't change that fact.

Message 33 of 41
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bourgogne
Valued Contributor
‎04-13-2016 01:16 AM
‎04-13-2016 01:16 AM

Re: Bye Bye Cap One

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:

Good choice, OP. There's no reason to stick with a subprime lender with those scores.

You brought up a good point. I didn't get anywhere either til I applied for a couple Cap One prime cards. Venture boom! $15k Venture One boom! $7.5k  With the OPs scores, I bet would get approved for a NICE SL on a Venture, Venture1 or QS card. I was only in the mid 600 scores across the board when I got mine.

 

Your reference to C1 being a subprime lender is false, however. They are a full spectrum lender, offering both subprime (helping folks establish / reestablish), while they also offer prime products, serving the market of those who have paid their dues and have better credit.

They're a subprime lender, just because they offer some "prime products", doesn't change that fact.

they offer a range or products, some cater to sub prime and some not. no international fees, sp for cli & simple awards structures - not seeing a huge downside here. true they are no chase or amex in the customer service area but they cover the basics as well as most imo.
Message 34 of 41
Anonymous
Not applicable
‎04-13-2016 01:17 AM
‎04-13-2016 01:17 AM

Re: Bye Bye Cap One

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:

Good choice, OP. There's no reason to stick with a subprime lender with those scores.

You brought up a good point. I didn't get anywhere either til I applied for a couple Cap One prime cards. Venture boom! $15k Venture One boom! $7.5k  With the OPs scores, I bet would get approved for a NICE SL on a Venture, Venture1 or QS card. I was only in the mid 600 scores across the board when I got mine.

 

Your reference to C1 being a subprime lender is false, however. They are a full spectrum lender, offering both subprime (helping folks establish / reestablish), while they also offer prime products, serving the market of those who have paid their dues and have better credit.

They're a subprime lender, just because they offer some "prime products", doesn't change that fact.

Well, if that's true, that would include a bunch of others too, even some credit unions because they offer secured cards and low end products for those building. I disagree. Credit One and First Premier are subprime lenders. One is a subprime lender when the only products they offer are subprime products. Your "opinion" is not fact.

Message 35 of 41
Anonymous
Not applicable
‎04-13-2016 01:35 AM
‎04-13-2016 01:35 AM

Re: Bye Bye Cap One

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:

Good choice, OP. There's no reason to stick with a subprime lender with those scores.

You brought up a good point. I didn't get anywhere either til I applied for a couple Cap One prime cards. Venture boom! $15k Venture One boom! $7.5k  With the OPs scores, I bet would get approved for a NICE SL on a Venture, Venture1 or QS card. I was only in the mid 600 scores across the board when I got mine.

 

Your reference to C1 being a subprime lender is false, however. They are a full spectrum lender, offering both subprime (helping folks establish / reestablish), while they also offer prime products, serving the market of those who have paid their dues and have better credit.

They're a subprime lender, just because they offer some "prime products", doesn't change that fact.

Well, if that's true, that would include a bunch of others too, even some credit unions because they offer secured cards and low end products for those building. I disagree. Credit One and First Premier are subprime lenders. One is a subprime lender when the only products they offer are subprime products. Your "opinion" is not fact.

Sure, there are many subprime lenders and some are certainly worse than others.

 

What I'm saying is not my opinion, it doesn't matter how many subprime products they have, or how many "prime products", a single subprime product is enough to fit the definition.

Message 36 of 41
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Anonymous
Not applicable
‎04-13-2016 03:35 AM
‎04-13-2016 03:35 AM

Re: Bye Bye Cap One

Not-That-Theres-Anything-Wrong-With-That-Reaction-Gif-On-Seinfeld.gif

Message 37 of 41
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Anonymous
Not applicable
‎04-13-2016 08:48 AM
‎04-13-2016 08:48 AM

Re: Bye Bye Cap One

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:

Good choice, OP. There's no reason to stick with a subprime lender with those scores.

You brought up a good point. I didn't get anywhere either til I applied for a couple Cap One prime cards. Venture boom! $15k Venture One boom! $7.5k  With the OPs scores, I bet would get approved for a NICE SL on a Venture, Venture1 or QS card. I was only in the mid 600 scores across the board when I got mine.

 

Your reference to C1 being a subprime lender is false, however. They are a full spectrum lender, offering both subprime (helping folks establish / reestablish), while they also offer prime products, serving the market of those who have paid their dues and have better credit.

They're a subprime lender, just because they offer some "prime products", doesn't change that fact.

Well, if that's true, that would include a bunch of others too, even some credit unions because they offer secured cards and low end products for those building. I disagree. Credit One and First Premier are subprime lenders. One is a subprime lender when the only products they offer are subprime products. Your "opinion" is not fact.

Sure, there are many subprime lenders and some are certainly worse than others.

 

What I'm saying is not my opinion, it doesn't matter how many subprime products they have, or how many "prime products", a single subprime product is enough to fit the definition.

In that case both Discover and Bank of America are sub-prime lenders since they both offer secured cards for builders and rebuilders.

Message 38 of 41
CreditCuriosity
Moderator Emeritus
‎04-13-2016 08:56 AM
‎04-13-2016 08:56 AM

Re: Bye Bye Cap One

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:

Good choice, OP. There's no reason to stick with a subprime lender with those scores.

You brought up a good point. I didn't get anywhere either til I applied for a couple Cap One prime cards. Venture boom! $15k Venture One boom! $7.5k  With the OPs scores, I bet would get approved for a NICE SL on a Venture, Venture1 or QS card. I was only in the mid 600 scores across the board when I got mine.

 

Your reference to C1 being a subprime lender is false, however. They are a full spectrum lender, offering both subprime (helping folks establish / reestablish), while they also offer prime products, serving the market of those who have paid their dues and have better credit.

They're a subprime lender, just because they offer some "prime products", doesn't change that fact.

Well, if that's true, that would include a bunch of others too, even some credit unions because they offer secured cards and low end products for those building. I disagree. Credit One and First Premier are subprime lenders. One is a subprime lender when the only products they offer are subprime products. Your "opinion" is not fact.

Sure, there are many subprime lenders and some are certainly worse than others.

 

What I'm saying is not my opinion, it doesn't matter how many subprime products they have, or how many "prime products", a single subprime product is enough to fit the definition.

In that case both Discover and Bank of America are sub-prime lenders since they both offer secured cards for builders and rebuilders.

Pretty much every lender offers sub-prime cards including US Bank, BofA, Amex and the list continues...  Everyone wants a piece of the market.. You might not get the best interest rates or APR on cards applied for, but all the above lenders are known to approve people around the 630-660 score range.,  Use to be different, but even up tight Us Bank will approve people with baddies for unsecured cards along with citi, discover and many many more

Message 39 of 41
UncleB
Credit Mentor
‎04-13-2016 09:12 AM
‎04-13-2016 09:12 AM

Re: Bye Bye Cap One

@CreditCuriousity wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:

Good choice, OP. There's no reason to stick with a subprime lender with those scores.

You brought up a good point. I didn't get anywhere either til I applied for a couple Cap One prime cards. Venture boom! $15k Venture One boom! $7.5k  With the OPs scores, I bet would get approved for a NICE SL on a Venture, Venture1 or QS card. I was only in the mid 600 scores across the board when I got mine.

 

Your reference to C1 being a subprime lender is false, however. They are a full spectrum lender, offering both subprime (helping folks establish / reestablish), while they also offer prime products, serving the market of those who have paid their dues and have better credit.

They're a subprime lender, just because they offer some "prime products", doesn't change that fact.

Well, if that's true, that would include a bunch of others too, even some credit unions because they offer secured cards and low end products for those building. I disagree. Credit One and First Premier are subprime lenders. One is a subprime lender when the only products they offer are subprime products. Your "opinion" is not fact.

Sure, there are many subprime lenders and some are certainly worse than others.

 

What I'm saying is not my opinion, it doesn't matter how many subprime products they have, or how many "prime products", a single subprime product is enough to fit the definition.

In that case both Discover and Bank of America are sub-prime lenders since they both offer secured cards for builders and rebuilders.

Pretty much every lender offers sub-prime cards including US Bank, BofA, Amex and the list continues...  Everyone wants a piece of the market.. You might not get the best interest rates or APR on cards applied for, but all the above lenders are known to approve people around the 630-660 score range.,  Use to be different, but even up tight Us Bank will approve people with baddies for unsecured cards along with citi, discover and many many more

+1

 

I always find the 'prime/sub-prime' argument humorous since it's completely subjective. 

 

That being said, I'm quite happy with Capital One however anybody else might arbitrarily categorize them.  Smiley Very Happy

Message 40 of 41
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