Crashem wrote:I can't speak to whether supervisor is right or wrong on which card is harder to get. However your reasoning is wrong because your facts are wrong. You say blue is harder to get than gold because interest rate on blue is lower and therefore harder to get. This is wrong. Straight from capital one website. Blue interest rate range is 13.9-20.9%. Gold interest range is 11.9-19.9%. So gold is actually lower interest. By your reasoning, gold must be harder to get, but you said cap one supervisor told you opposite. On the other hand, my reasoning of interest rate being a function of level of reward works. Blue gets 2 miles vs 1.25 miles per dollar for gold. Hence the higher interest rate on blue venture.
First of all where does it say that capitol1's venture gold card''s intrest is 11.9 my gold card is at 17.90? now i'm sure the rates vary by the customers credit worthness.
back in 1998 I applied for an American express gold optima credit card wasn't denied I was given the Blue optima first shot
I applied for the Green card back around the late 80's somewhere between 87 to 89 I was denied later that month I got a First Fidelity
Visa ( Revolver) I also got a First card Visa from the boon docks, this card had intrest rate, The cards I had the most trouble getting
are the Green and the Gold American Express premium cards.
Crashem as I said before the Blue Venture card is harder to get than the Gold because it has lower intrest rate according to a supervisor
13.80 vs 17.90 , I told the supervisor I have an American Express green card I pay an annual fee, why can't you take the intrest rate off all customers blue card, she said because a credit card company makes money in 2 ways either intrest or an annual fee and the Blue venture card which has lower intrest is a harder card to get.
like the American Express platinum, green, gold it has lower intrest than the Blue, Blue cash , Blue cash perferd and clear card, those cards are harder to get because they target more ceo's who pay there bill in full.
just like the Chase Sapphire perfered is a much harder card to get than the chase Freedom , why because the Sapphire targets ceo's too
while people with lower incomes , who like to shop or go out to eat localy , the blue cash , clear and chase Freedom are just regular credit cards, the cards like the platinum, green, gold and chase Sapphire along with the capital1 venture blue card are harder to get.