Difference between prime and subprime?

iMacDrew · ‎08-05-2012

@Repo-ed wrote:
So the AMEX Platinum w/ $450 AF is not a prime card?

Prime!! that AF right there covers the airport lounge perks.

Lender pulled 10-10-13
EQ Fico 715 | EX Fico 714 | TU Fico 703

Middleswarth · ‎08-05-2012

To me it is about the interest rate you get for a given card. I have an NFCU Visa with a $10,000 CL. It is sub-prime to me because my interest rate is not the best they can give me. When my rate lowers to their best 'prime' customer rate, then I will consider it a prime card.

Same card that is not prime now will be prime in a year or 2.

Of course none of that matters if you PIF every month.

creditnocash · ‎08-05-2012

i consider my chase freedom prime =)

i have 7 cards no annual fee on any of them.

5 store cards

and the chase freedom i recently recieved

and also im not sure how personal bank credit cards work.

it shows a inq from the bank its a mastercard but idk anything about it besides that.

Current: Fico ScoresEQ~706 TU~719 EX 709 4/28/23
Inquiries (24 Months): EQ 0 TU 0 EX 0| Most Recent: A LONG WHILE
Over 12 Months:0

2023 Goals:
Buy A Home
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000

HenryJumbo · ‎08-05-2012

Prime is all the cards that I own. Subprime is all the cards I don't own

	Starting Score: EX: 736 FAKO \| TU: 757 FICO \| EQ 730 FICO Current Score: EX: 736 FAKO \| TU: 750 FICO \| EQ 730 FICO Goal Score: EX: 750 FICO \| TU: 750 FICO \| EQ: 750 FICO
	In my wallet: $16,000 $8,000

Anonymous · ‎08-05-2012

@HenryJumbo wrote:
Prime is all the cards that I own. Subprime is all the cards I don't own

Subprime is all the cards I have. Prime is all the cards that I want. I don't want cards that want me.

CreditChampion · ‎08-05-2012

Yeah man 100k limits is defiently subprime lol.....

Fico Scores:800+Club

Marvel MC 25K AMEX BCE 18K AMEX Blue Sky 13.6K AMEX BCE 13.5K AMEX Zync
NPSL(AU) Citi Double Cash 14.5K PenFed Plat Rewards 14.5K Citi Forward 10.3k Discover it 9.5K Wells Fargo Cash Back 7.2K BankAmericard Better Balance $700 Chase Freedom $500 Capital One Quicksilver $6K Capital One Platinum (AU) $500 Capital One Secured Card (AU) $251(Closed) PenFed PLOC 14K
PenFed Promise 5K

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