Yeah, I just went to their site and it clearly mentions that there's a $39 AF that would be waived for the first year if you sign up for their Auto Pay before your first statement cuts.
And just from looking around their website, I don't see that they're really any worse than many sub-prime card issuers out there. In fact, their APR of 26.49% is better than a lot of sub-prime issuers and their AF is less than most and that seems to be their only fee (without combing thru the site with a fine tooth comb).
I don't know enough about them to either recommend them or say to avoid them, but on the surface they seem like a halfway decent option for an unsecured card to help in rebuilding credit.
And just from looking around their website, I don't see that they're really any worse than many sub-prime card issuers out there. In fact, their APR of 26.49% is better than a lot of sub-prime issuers and their AF is less than most and that seems to be their only fee (without combing thru the site with a fine tooth comb).
I don't know enough about them to either recommend them or say to avoid them, but on the surface they seem like a halfway decent option for an unsecured card to help in rebuilding credit.
Well, I mean they are a Sub-Prime lender/card. So, unfortunately low limits and AF's come with those as part of the re-building process.
@yrb wrote:It's a freaking joke.. They use both your credit score AND your income/plaid (to mine your data of course). I have an ok (not great) score and good income, got approved for a ridiculous $500 limit. In like an hour I downloaded their app and it showed the limit was changed to $250. No emails, no warnings. And it has a fee. Of course I rejected it.
I am a card collector. I wanted an "orange" MC or Visa. I have been on the lookout for awhile for one. Well this one is the orange card I have been after. It said the first year the $39 AF is not charged if you sign up for auto pay.
OK , I know Prosper is a person to person lending company with a good reputation so I went for the card. The did go though my main checking account besides running a HP on my credit report. I dont like them going through all aspects of my checking but it is Prosper so I went for it. Approved for a $3,000 CL. For me that is very very low LOL. I dont remember having a SL that low but it is their maximum for a new account.
Well I got my orange card
If I can find another orange card in a year before this one renews with no AF I will go for it and cancel this one out. But for now and for free it served what I was looking for.
I did a test charge and paid it right away. They gave me instant credit back to my original CL. If it was a real sub prime lender they would have held the payment against available credit for a week to ten days. This did not happen here.
I think that the Prosper card is for all credit levels and not a sub prime card. They will accept low credit scores so I think this is an excellent card for a re builder. And for us with a high FICO score and thick profile and in need of an orange card this card is for everyone
Thanks
Mark
@Anonymous wrote:
@yrb wrote:It's a freaking joke.. They use both your credit score AND your income/plaid (to mine your data of course). I have an ok (not great) score and good income, got approved for a ridiculous $500 limit. In like an hour I downloaded their app and it showed the limit was changed to $250. No emails, no warnings. And it has a fee. Of course I rejected it.
I am a card collector. I wanted an "orange" MC or Visa. I have been on the lookout for awhile for one. Well this one is the orange card I have been after. It said the first year the $39 AF is not charged if you sign up for auto pay.
OK , I know Prosper is a person to person lending company with a good reputation so I went for the card. The did go though my main checking account besides running a HP on my credit report. I dont like them going through all aspects of my checking but it is Prosper so I went for it. Approved for a $3,000 CL. For me that is very very low LOL. I dont remember having a SL that low but it is their maximum for a new account.
Well I got my orange card
If I can find another orange card in a year before this one renews with no AF I will go for it and cancel this one out. But for now and for free it served what I was looking for.
I did a test charge and paid it right away. They gave me instant credit back to my original CL. If it was a real sub prime lender they would have held the payment against available credit for a week to ten days. This did not happen here.
I think that the Prosper card is for all credit levels and not a sub prime card. They will accept low credit scores so I think this is an excellent card for a re builder. And for us with a high FICO score and thick profile and in need of an orange card this card is for everyone
Thanks
Mark
Utah First Orange Platinum Visa is a no AF that is orange. It is a credit union and you have to donate to the Community Volunteers of Utah to get in. I don't know much about this, just googled some orange credit cards lol.
@Anonymous isn't the Home Depot card orange? I know the old Commercial Revolving charge was. I haven't looked at it in several years tho.
