Are my scores good enough for the BC preferred

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
31 posts
Crashem
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Postby Crashem » Wed Aug 15, 2012 12:14 pm

Hematino, remember you can periodically call and ask for your apr to be reduced.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k


hematino
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Postby hematino » Wed Aug 15, 2012 12:34 pm

True, but I've only had Sapphire since early May. I should probably wait until at least 6 months to ask right?
Now she's eyeless.
The snakes she held once
Eat up her hands.

Crashem
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Postby Crashem » Wed Aug 15, 2012 2:18 pm

Probably can ask aT anytime. Try and see. I'm sure they will recommend when you can do it.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

Money card
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Postby Money card » Sat Aug 18, 2012 9:21 am

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.

Crashem
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Postby Crashem » Sat Aug 18, 2012 10:25 am

Money card, there are so many incorrect facts and misconceptions in your statement. Go to capital one website. Look at the interest rate ranges for blue vs gold venture. The range of interest rate is based on individual credit. You can't compare what you get with others as people have different credit. Hell, you can't compare what you get on two different cards from same issuer as your credit may have been different at time of application. However, you can compare range of interest rate. Assume people with best credit would get best interest rate in range. People with worse credit that would be approved would get worse interest rate in range. Why don't you do that and come back tell us what it says and what it does to your theory.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

Crashem
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Postby Crashem » Sat Aug 18, 2012 10:27 am

With chase sapphire vs freedom, I agree sapphire is harder to get. Why is it that sapphire is higher interest rate than the low end of freedom interest rate range? Again go to chase website to get data
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

Crashem
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Postby Crashem » Sat Aug 18, 2012 10:33 am

Money card wrote: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.



Now I think the capital one supervisor you talked to is an idiot too. The MAIN WAY most credit card issuers make money is from transaction fees from the merchants. Issuers like Amex with their high af might be a bit different and same with the low rent subprime cards. But for most, its the transaction fees which the cap one supervisor completely ignored.
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

Crashem
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Postby Crashem » Sat Aug 18, 2012 10:39 am

Finally, to address your Amex plat gold green having no interest and therefore being harder to get. It is wrong on so many levels. 1) did you check the web and see what others are saying. No credible source agrees with you. 2) how do you explain zync card? It has no interest too and is well known to be easiest Amex to get. 3) Amex charge cards have no interest because you have to pay in full. You are comparing apples and oranges. 4) Amex plat will allow you to carry a balance with pay over time feature. Interest rate is different per person but 18% is good estimate. That isn't lower than many Amex credit cards. So what does that do to your argument?
Amex Centurion, Amex Platinum, Amex BCP 8k->24k (5/23/12), Amex TE 15k, Cap One 1.5% 15k->20k (8/7/13), CSP 25k, Chase Palladium 100k, Citibank AA 35k (AU), Firestone 1.8k->2.2k->2.4k (8/20/12), JFCU Jloc 30k, PenFed Plat Rewards 30k, SF Fire 30k, US Bank Cash+ 25k

Money card
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Postby Money card » Sat Aug 18, 2012 10:46 pm

Crashem wrote:Money card, there are so many incorrect facts and misconceptions in your statement. Go to capital one website. Look at the interest rate ranges for blue vs gold venture. The range of interest rate is based on individual credit. You can't compare what you get with others as people have different credit. Hell, you can't compare what you get on two different cards from same issuer as your credit may have been different at time of application. However, you can compare range of interest rate. Assume people with best credit would get best interest rate in range. People with worse credit that would be approved would get worse interest rate in range. Why don't you do that and come back tell us what it says and what it does to your theory.


I agree with you on this point that people with bad credit, whether they work on wall street or they work in a warehouse there not going to be getting any premium American Express card. But they could get a clear card or any of the blue cash cards with higher intrest rates
than what somebody who gets with excellent credit. also people with bad credit would qualify for lower level cards
like key bank Visa, Td Bank Visa, M&T Bank there local bank but as you said with higher intrest rates.

while people with excellent credit can get any of the premium cards they want , your correct they can get any travel cards with low intrest rates, the cash back cards with low intrest rates. your correct on this.

Money card
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Postby Money card » Sat Aug 18, 2012 11:00 pm

Crashem wrote:With chase sapphire vs freedom, I agree sapphire is harder to get. Why is it that sapphire is higher interest rate than the low end of freedom interest rate range? Again go to chase website to get data


somewhere this is a mistake rember 1 thing chase is stupid. at the pallisades mall a chase banker told me because we were going over some things that the Chase Freedom is just a regular credit card and the Chase Sapphire targets people who travel, I didn't ask for the intrest rates but I would assume the Sapphire has lower intrest rate because it targets more people who pay there bill in full, people who travel on business.

while the chase Freedom which is a cashback more for people who like to shop, now if you asked me do I think that everybody who pays there bill pays in full no I know there are people who carry a balance on this card. as for the basic sapphire there are some people who carry a balance, the perfered not many. I still think the sapphire cards should have lower intrest rates than the Freedom.



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