The Sub Prime Credit Thread - Part VI

stclair

older_wiser wrote: »

i got mine afew weeks ago and mine wasn't contactless a friend applied when it first came out and his isn't either i wonder if anyone has one ?

I wonder its not a problem just found it odd that on their website its one of their big selling points lol

ElkyElky

stclair wrote: »

I wonder its not a problem just found it odd that on their website its one of their big selling points lol

You should send them an email and ask. It would certainly be a convenient feature to have,.

Anthorn

Got my Aqua Advance card at last: Credit limit £250.

This thread appears to have lost its way: This is a sub-prime credit cards thread but maybe some posters don't know what sub-prime is.

jo-bo

The upper apr on asda credit card is 24.9%, which some might consider sub-prime

In fact a lot of sygma bank cards are sub-prime.

BugsyBrowne

Anthorn wrote: »

Got my Aqua Advance card at last: Credit limit £250.

This thread appears to have lost its way: This is a sub-prime credit cards thread but maybe some posters don't know what sub-prime is.

My mate has an mbna card which is 30% is he allowed on here?

jo-bo

BugsyBrowne wrote: »

My mate has an mbna card which is 30% is he allowed on here?

Haha, brilliant

Treadmill

https://www.americanexpress.com/uk/content/ba-premium-plus-credit-card/

56.4% apr but defiantly not sub prime lol.

OllyM

Treadmill wrote: »

https://www.americanexpress.com/uk/content/ba-premium-plus-credit-card/

56.4% apr but defiantly not sub prime lol.

Which is because the annual fee has to be incorporated into the cost of borrowing calculations, making it look a lot higher than it really is. The actual purchase interest rate is 19.9%, although I can't imagine many people keep a balance on it.

ElkyElky

Anthorn wrote: »

Got my Aqua Advance card at last: Credit limit £250.

This thread appears to have lost its way: This is a sub-prime credit cards thread but maybe some posters don't know what sub-prime is.

It doesn't have to be used exclusively for sub-prime chat. It's a public forum and as such, I can't control what it is used for. All of the previous sub-prime threads were pretty much used for any credit card talk where a separate thread wouldn't be appropriate. Sub-prime discussions are of course, mainly encouraged.

I have more prime cards than I do sub so I guess I should be excluded from the thread?

Anyhow, what exactly defines sub prime? The APR? The easier acceptance of a card? The actual lender who issues the card or the borrower's credit report? Lots of lenders (not just Vanquis and Aqua) have been known to accept people with tarnished credit reports.

older_wiser

I wouldn't define any thread to be exclusive about one subject although every thread needs a title and it needs to be somewhat related to subprime. the previous sub prime threads were littered by late night flirtings between two people i believe one was a coach driver don't recall the names but i and many others found it funny. whatever happend to them ? i think they started dating ? even when i'm applying and been accepted for cards over 20k :rotfl: i'll still pop onto the latest sub prime thread to see whats occuring !