@chalupaman wrote:You defintitely do! That's the first thing I saw when I saw you got a CSP. Congratulations!
thank you~!
@Anonymous wrote:
@chalupaman wrote:You defintitely do! That's the first thing I saw when I saw you got a CSP. Congratulations!
But to answer the question in general: there is no really good definition of prime card. A good guess would be "a card from a prime lender" but many/most issuers lend to both prime and subprime clients. There is more general agreement about was ISN'T prime, e.g. First Premier, Credit One. Any card that charges a monthly fee, has a very high APR and a very low CL isn't prime.
But, for example, you can get a Chase Freedom (at a high APR and a low CL) with pretty low scores, or one with a low APR and high CL with high scores. Is Chase Freedom prime? Most would say Yes, but if it has a $500 CL and a 25% APR, maybe not so clear!
And Capital One comes in for the most, some of their cards are certainly giving to rebuilders, non-prime borrowers. Some of their other cards require much better scores. Others, like the Chase Freedom, can be issued to both low and high scores.
So, IMO, if you even want to worry about prime/non-prime, it's not the bank or even the card, it's the terms of the card!
@Anonymous wrote:Seeing the term being used frequently here in the forum. Do I have any prime cards ?
Boa cash rewards
macys
discover it
chase sapphire preferred
chase freedom
what. Are other prime cards ?
Other then the Macy's yeah imo
@longtimelurker wrote:
@Anonymous wrote:
@chalupaman wrote:You defintitely do! That's the first thing I saw when I saw you got a CSP. Congratulations!
But to answer the question in general: there is no really good definition of prime card. A good guess would be "a card from a prime lender" but many/most issuers lend to both prime and subprime clients. There is more general agreement about was ISN'T prime, e.g. First Premier, Credit One. Any card that charges a monthly fee, has a very high APR and a very low CL isn't prime.
But, for example, you can get a Chase Freedom (at a high APR and a low CL) with pretty low scores, or one with a low APR and high CL with high scores. Is Chase Freedom prime? Most would say Yes, but if it has a $500 CL and a 25% APR, maybe not so clear!
And Capital One comes in for the most, some of their cards are certainly giving to rebuilders, non-prime borrowers. Some of their other cards require much better scores. Others, like the Chase Freedom, can be issued to both low and high scores.
So, IMO, if you even want to worry about prime/non-prime, it's not the bank or even the card, it's the terms of the card!
Eh
I view as Cap 1 Sub prime trying to act like Prime sometimes
@Closingracer99 wrote:
@longtimelurker wrote:
@Anonymous wrote:
@chalupaman wrote:You defintitely do! That's the first thing I saw when I saw you got a CSP. Congratulations!
But to answer the question in general: there is no really good definition of prime card. A good guess would be "a card from a prime lender" but many/most issuers lend to both prime and subprime clients. There is more general agreement about was ISN'T prime, e.g. First Premier, Credit One. Any card that charges a monthly fee, has a very high APR and a very low CL isn't prime.
But, for example, you can get a Chase Freedom (at a high APR and a low CL) with pretty low scores, or one with a low APR and high CL with high scores. Is Chase Freedom prime? Most would say Yes, but if it has a $500 CL and a 25% APR, maybe not so clear!
And Capital One comes in for the most, some of their cards are certainly giving to rebuilders, non-prime borrowers. Some of their other cards require much better scores. Others, like the Chase Freedom, can be issued to both low and high scores.
So, IMO, if you even want to worry about prime/non-prime, it's not the bank or even the card, it's the terms of the card!
Eh
I view as Cap 1 Sub prime trying to act like Prime sometimes
Specially with the quicksilver!
@longtimelurker wrote:
@Anonymous wrote:
@chalupaman wrote:You defintitely do! That's the first thing I saw when I saw you got a CSP. Congratulations!
But to answer the question in general: there is no really good definition of prime card. A good guess would be "a card from a prime lender" but many/most issuers lend to both prime and subprime clients. There is more general agreement about was ISN'T prime, e.g. First Premier, Credit One. Any card that charges a monthly fee, has a very high APR and a very low CL isn't prime.
But, for example, you can get a Chase Freedom (at a high APR and a low CL) with pretty low scores, or one with a low APR and high CL with high scores. Is Chase Freedom prime? Most would say Yes, but if it has a $500 CL and a 25% APR, maybe not so clear!
And Capital One comes in for the most, some of their cards are certainly giving to rebuilders, non-prime borrowers. Some of their other cards require much better scores. Others, like the Chase Freedom, can be issued to both low and high scores.
So, IMO, if you even want to worry about prime/non-prime, it's not the bank or even the card, it's the terms of the card!
Good points im starting to see imo that to be prime if its a big lender... i was basing my prime cards with credit score approvals... but i saw some great cards that dont need that monster of a credit score.