jamesb40517 wrote:With rates like that and even the bankruptcy, you need to be contacting NAVY FEDERAL CREDIT UNION and JUSTICE FEDERAL CREDIT UNION. Those two would blow you away with the limits that they would grant you. If you have the income to back it up, I would easily say that you could expect:NFCU Visa $10,000NFCU Mastercard $10,000NFCU Line of Credit $ 5,000JFCU Visa Gold $ 5,000Who knows.....It might even be better......Everyone LOVES NFCU and JFCU. Trust me!
I've got them both already, NAVYFCU Nrewards Visa 11k
JFCU Plat Visa 7.5k
Yes MOD, got in thru sponsorship from my Grandfather
Message Edited by orl2185 on 03-14-2008 07:49 PM
Well I definately don't want to argue but by definition Prime is indicative of the APR of the product. Prime isnt just with credit cards but also with loans as you know I'm sure, and a home loan isnt sub prime because its only for $150,000 instead of $500,000, it's sub prime because of the rate that keeps the borrower in debt. Instead of calling a $500 limit card a sub-prime card, I'd just call it a rebuilder card unless the interest rate is I'd say 17% and up. Alot of cards with great rewards like AMEX and our Signature card have higher interest rates because thats the price you pay for the rewards. But we can agree to disagree 
InSearchOf720 wrote:
Well I definately don't want to argue but by definition Prime is indicative of the APR of the product. Prime isnt just with credit cards but also with loans as you know I'm sure, and a home loan isnt sub prime because its only for $150,000 instead of $500,000, it's sub prime because of the rate that keeps the borrower in debt. Instead of calling a $500 limit card a sub-prime card, I'd just call it a rebuilder card unless the interest rate is I'd say 17% and up. Alot of cards with great rewards like AMEX and our Signature card have higher interest rates because thats the price you pay for the rewards. But we can agree to disagree
Definitely, my Discover has the highest rate since my HSBC rebuilder. I just had something to prove. It doesn't see the light of day.
Brammy wrote:
orl2185 wrote:Yes MOD, got in thru sponsorship from my Grandfather
Message Edited by orl2185 on 03-14-2008 07:49 PMNowe BE nice!!! Just want to make sure that thte masses are aware. Don't want a repeat of an incident I'd rather not mention..... People not being honest on the app. I'm in Penfed and pretty happy.
LOL, I recall what you getting at MOD. that issue has been corrected now. it was their mistake not mine.
InSearchOf720 wrote:
Well I definately don't want to argue but by definition Prime is indicative of the APR of the product. Prime isnt just with credit cards but also with loans as you know I'm sure, and a home loan isnt sub prime because its only for $150,000 instead of $500,000, it's sub prime because of the rate that keeps the borrower in debt. Instead of calling a $500 limit card a sub-prime card, I'd just call it a rebuilder card unless the interest rate is I'd say 17% and up. Alot of cards with great rewards like AMEX and our Signature card have higher interest rates because thats the price you pay for the rewards. But we can agree to disagree
I know that with loans the APR determines the "primeness," but we're not talking about loans. We're talking about CC's.
We can agree to disagre if you'd like, but I still would like to know what it is about my Cap1 $500 CL with 0% for 12 months and 14% thereafter for 1.25% cash back that makes it a subprime card if it's not the CL. Because believe me, it is a subprime card.