So this topic of prestige was alluded to in another recent post ....
If you could only have one card, would you rather have:
A) The Recherché Card with a $100 limit or
B) Renting my Rims card with a $10,000 limit
Definitely the Recherche' Card, ... but only with the stipulation that I must also pay a $1,000 annual fee and get no rewards.
Seriously, though, if I were to elect the prestige card, that $100 limit is effectively useless for anyone I would be trying to impress. It would hardly buy an appetitzer and drinks at a five-star restaurant! Lol Perhaps instead of focusing on the credit limit, turn the equation and offer a card with an AF but no rewards versus a no-AF and ridiculously high rewards such as 10% back on all purchases, uncapped, with the Renting My Rims card.
Length of Credit > 40 years; Total Credit Limits >$800K Top Lender TCL - Chase 156.4 - BofA 99.7 - AMEX 95.0 - CITI 86.5 - NFCU 75.0 AoOA > 30 years (Jun 1993); AoYA (Jul 2023) * Hover cursor over cards to see name & CL, or press & hold on mobile app.