Starwood or Delta Sky AMEX

[Anonymous]

I am totally confused now!  So, the APR and high approval rate determines if a card is Prime or Sub-prime? So, all of these cards are sub-prime:

Continental Airlines Business MasterCard®   18.24%  $75AF

JetBlue Business Credit Card from American Express® 18.24%  $40AF

JetBlue Card from American Express®  18.24%  $40AF

Continental Airlines World MasterCard® from Chase 18.24%  $85AF

SeaMiles® Visa® Rewards 17.24%    

So, these cards are no different than:

Cap1

First Preimer

Legacy Visa

Orchard

CCCU

Is this correct?

Message Edited by credit4me on 09-10-2007 08:03 PM

[Anonymous]

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credit4me wrote:

I am totally confused now!  So, the APR and high approval rate determines if a card is Prime or Sub-prime? So, all of these cards are sub-prime:

Continental Airlines Business MasterCard®   18.24%  $75AF

JetBlue Business Credit Card from American Express® 18.24%  $40AF

JetBlue Card from American Express®  18.24%  $40AF

Continental Airlines World MasterCard® from Chase 18.24%  $85AF

SeaMiles® Visa® Rewards 17.24%    

So, these cards are no different than:

Cap1

First Preimer

Legacy Visa

Orchard

CCCU

Is this correct?

Message Edited by credit4me on 09-10-2007 08:03 PM

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I wouldn't lump them in with First Premier.  I put that card in a class that is somewhat less than subprime and too vulgar to mention in polite company.  That being said.....

Reward cards sometime come with a high APR.  Not a bad thing if you plan on PIFing every month. Personally, i have found rewards cards with MUCH better interest rates than the ones you have there and they ar not from PRIME issuers.

To be perfectly honest, I wold not have what you described above in my wallet. Gie me my flat 2% CB at 13% (issued buy Household/HSBC by the way) and my no name 9 and 10 percenters any day of the week.

People often do their credit shopping by name brand when generic works just as well. When I decide which card to app I ask:  If I take away the annual fee and the interet rate I am liable to incur by carrying a balance on this card, would I do better jut using a 13% with 2% CB or a 9 or ten percenter and grabbing a ticket off of Travelocity?  Nine out of ten times that answer is yes.

But hey, my mom never carries a balance and flies a lot so her Citi airline miles card is well worth it.  All depends on how you use it.

Message Edited by Brammy on 09-10-2007 08:13 PM

[Anonymous]

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credit4me wrote:

Hello all,

Are these cards basically the same? Far as level? I tried to get the Delta converted to a Blue but the csr said it was not available for me   But she did put a app. thru for the Starwood which I was approved for another 2500. Should I take it? I guess it's too late since I already took the additional hit with the phone app.. But are they basically the same sub-prime cards?

Message Edited by credit4me on 09-10-2007 09:54 AM

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some people have had the ability to combine the cl's into a single card. maybe something you could look into.

[Anonymous]

APR is determined by your Credit history, payment history, income to debt ratio, etc. and FICO. So the prime card can have a high APR too.

I have 2 prime cards:

BOFA AMEX at about 12.99 % APR

AMEX Blue at 18.99% APR

If it helps.

Message Edited by montana on 09-10-2007 05:45 PM

[Anonymous]

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montana wrote:

APR is determined by your Credit history, payment history, income to debt ratio, etc. and FICO. So the prime card can have a high APR too.

I have 2 prime cards:

BOFA AMEX at about 12.99 % APR

AMEX Blue at 18.99% APR

If it helps.

Message Edited by montana on 09-10-2007 05:45 PM

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That is tre Montana, but your rate is determined against their cardholders pool. For now I am happy swimming with the little fishies if it means a lower APR.  Put me in that pool and I'd be eaten alive.

[SpecFile]

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fused111 wrote:

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SpecFile wrote:

Well I converted to Blue Cash.  Is that subprime as well?

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Blue Cash is definitely prime.

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Roger that.