@mross1080 wrote:It was for the best anyway. I got the card 7 months ago and it sits in the sock draw because of all the wierd looks I got using it. It only comes out when I go to hooters. Which isnt that often.
That is actually a good thing. I was thinking about it myself as I was denied about a year ago, and I can imagine that it woudl draw some looks, not to mention the CL's aren't out of this world either from what I have read....
Starting Score: TU: ?-- EQ: ?--EX 560 (8-08)
@jthedges wrote:
@Pushto700 wrote:That is actually a good thing. I was thinking about it myself as I was denied about a year ago, and I can imagine that it woudl draw some looks, not to mention the CL's aren't out of this world either from what I have read....
I agree, the limits suck.
I got mine 6 months ago, $500 with a $48 annual fee. Not much has changed on my credit at all since then, less inq's and a few new accounts.
Last week I got approved for a $10,000 limit at NFCU on a Visa Signature.
I am thinking Hooter's will be going bye bye when the annual fee comes up.
WOW. 10k? Congrats. Quite a step up. Yes. the Hooters would hit the curb with me, I know that AF has to suck. $48 on a 500CL?
Hooters got really, ummm, errrr, big several years ago when Merrick started marketing it as a rebuilder card. It was easy to get and had generous initial CL's, although it did have that weird thing about getting denied if you had a mortgage.
Then, after all the buzz about the card had hit all the various credit-related forums, they raised their score and report requirements for approval and started giving much smaller CL's. So I suppose you could say that interest shriveled dropped lessened.
It seems like they also used to start sending a Hooters magazine or catalog or something, which often triggered brisk discussions, especially when they went to military personnel's parents home addresses. 
At any rate, the reputation for being a good rebuilder card still lingers, but it's certainly not what it used to be.
@haulingthescoreup wrote:Hooters got really, ummm, errrr, big several years ago when Merrick started marketing it as a rebuilder card. It was easy to get and had generous initial CL's, although it did have that weird thing about getting denied if you had a mortgage.
Then, after all the buzz about the card had hit all the various credit-related forums, they raised their score and report requirements for approval and started giving much smaller CL's. So I suppose you could say that interest
shriveleddroppedlessened.
It seems like they also used to start sending a Hooters magazine or catalog or something, which often triggered brisk discussions, especially when they went to military personnel's parents home addresses.
At any rate, the reputation for being a good rebuilder card still lingers, but it's certainly not what it used to be.
I had a pretty raucous laugh in reading that portion. I agree though, they do serve their purpose...I have 3 starters with one AF coming soon (Orcahrd), so I am in a position where I think I will keep it for at least another 6mos to a year, and attempt to negotiate that AF to (at least) slash it in half.
Why not apply direct to Merrick Bank (they issue Hooters).
I had a card with them right after BK. CL was 3000. no a/f.
I closed the card because it is really sub prime but
it definitely served it purpose.
@Anonymous wrote:Why not apply direct to Merrick Bank (they issue Hooters).
I had a card with them right after BK. CL was 3000. no a/f.
I closed the card because it is really sub prime but
it definitely served it purpose.
Merrick stopped excepting direct applications for credit a couple years ago I believe... you had to get a mail offer but Hooters you could apply with no offer.
@jthedges wrote:
@Pushto700 wrote:That is actually a good thing. I was thinking about it myself as I was denied about a year ago, and I can imagine that it woudl draw some looks, not to mention the CL's aren't out of this world either from what I have read....
I agree, the limits suck.
I got mine 6 months ago, $500 with a $48 annual fee. Not much has changed on my credit at all since then, less inq's and a few new accounts.
Last week I got approved for a $10,000 limit at NFCU on a Visa Signature.
I am thinking Hooter's will be going bye bye when the annual fee comes up.
As cute as the card is, the AF would be a deal-breaker for me. 