No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Just taking a census...What do you all consider Prime cards? As well if you have a Prime card what did you do with your sub-prime cards (I am assuming subprime is your credit1, cap1, orchard bank, 1st premier...etc?
@AvaMommy wrote:Just taking a census...What do you all consider Prime cards? As well if you have a Prime card what did you do with your sub-prime cards (I am assuming subprime is your credit1, cap1, orchard bank, 1st premier...etc?
Prime:
Amex
Chase
Discover
Citi
SOME people consider Capital Ones Venture card to be prime but thats debatable
Bank of America
SubPrime:
almost all Capital One ones
Almost all store branded cards
credit one
first premier
You get the idea.. Rebuiler cards are always subprime
Thanks Tommy
These would be my suggestions as to what cards are prime:
AMEX
Bank of America
Chase
CitiBank
Discover
Wells Fargo
Barclays (Maybe)
All other cards are sub-prime.
a card is prime if it meets two of the three criteria:
1) No AF (Unless mathmatically justified)
2) 0% Intro or other promotion
3) Rewards
4) >$1000 Limit
Capital One Venture cards are prime.
@asteroidblues86 wrote:Capital One Venture cards are prime.
Yep - so is my Green Cash Back card...
Jlu,
Almost all cards could meet your criteria.
Your #4 at >$1000 is really low. The cards I listed, and is actually one of my criteria, will regularly issue cards that have in excess of 20K+ credit lines. Lenders that issue credit likes in excess of 20K+ are what I consider prime.
First National Bank of Omaha cards are prime.
I think the concept of prime cards or lenders is a misnomer. There are prime borrowers and subprime borrowers. Some lenders target only subprime borrowers, such as first premier. Some target both with different products, such as capital one. Some target both with the same product, such as the discover more and chase freedom. But there aren't really "prime" cards or lenders. The term has no meaning in that context. Every time someone asks this question (about once a month), someone instantly names capital one as a "subprime" card. This is followed within milliseconds by someone pointing out that the venture is a prime card. Getting a chase freedom with a 650 score doesn't make you a prime borrower, even if chase is a "prime" lender and many view the freedom as a "prime" card. Fico makes no distinction and most of the stories about Amex making the distinction are apocryphal.