eyeball Posted March 25, 2009 Report Share Posted March 25, 2009 Hi, I have a Hooters, HSBC, Capital one, & Chase... all unsecured.Which of these cards would be considered to be Sub Prime, and which would you replace.Thanks Link to comment Share on other sites More sharing options...
Flyingifr Posted March 25, 2009 Report Share Posted March 25, 2009 My vote:Hooters: definitelyHSBC and Crap1: probablyChase: noMy advice: If this is the best you have in your credit file I don't think you will be able to upgrade any cards at this time. Link to comment Share on other sites More sharing options...
Slow Eddie Posted March 25, 2009 Report Share Posted March 25, 2009 Anything with an annual fee is sub prime (not including store cards). Prime cards don't have annual fees. Not a hard and fast rule, yet a decent rule of thumb.Eddie Link to comment Share on other sites More sharing options...
Flyingifr Posted March 25, 2009 Report Share Posted March 25, 2009 Anything with an annual fee is sub prime (not including store cards). Prime cards don't have annual fees. Not a hard and fast rule, yet a decent rule of thumb.EddieAre you calling American Express Black subprime? Link to comment Share on other sites More sharing options...
eyeball Posted March 26, 2009 Author Report Share Posted March 26, 2009 Well I am 1 1/2 years of a BK7 and these are the only cards I could get..My question is do they hurt me or help me, and should I maybe dump the Hooters card it has a zero balance. Link to comment Share on other sites More sharing options...
Slow Eddie Posted March 26, 2009 Report Share Posted March 26, 2009 Are you calling American Express Black subprime?I think that card falls in the "Not a hard and fast rule" category. Link to comment Share on other sites More sharing options...
Slow Eddie Posted March 26, 2009 Report Share Posted March 26, 2009 Well I am 1 1/2 years of a BK7 and these are the only cards I could get..My question is do they hurt me or help me, and should I maybe dump the Hooters card it has a zero balance.They are open trade lines, they help you. Keep them until you qualify for a prime card, then dump them one by one as you replace them.Eddie Link to comment Share on other sites More sharing options...
scorch Posted March 26, 2009 Report Share Posted March 26, 2009 Hi, I have a Hooters, HSBC, Capital one, & Chase... all unsecured.Which of these cards would be considered to be Sub Prime, and which would you replace.ThanksWhen it comes to Chase, you need to have Excellent credit. I think with Hooters, your credit would have to be fairly fair. Why would you want to replace them if they are not ripping you off and giving you history?The names of the issuers do not affect your score do they? Link to comment Share on other sites More sharing options...
jetscarbie Posted March 26, 2009 Report Share Posted March 26, 2009 I consider subprime...what you are paying in interest fees. If the interest is extremely high...then it's probably subprime for you.Like most people would say HSBC is....but I think it depends on what your rate is. Some people get a good rate.I consider most of my dept store cards subprime. High interest. Link to comment Share on other sites More sharing options...
wvumurray Posted March 26, 2009 Report Share Posted March 26, 2009 Excellent point about the rates. My HSBC has been great. I got the rewards card with 0% interest and 0% BT for a year. MY rate is 11% so I am happy. Better than my Chase which is considered "Prime". Link to comment Share on other sites More sharing options...
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