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A sub prime credit card usually has higher interest rates and a lower credit limit than a regular card, but they can be used by borrowers with a lower credit score. Most major issuers issue them, but some smaller issuers also specialize in sub prime lending.

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11y ago

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What websites sell sub prime credit cards?

You can purchase a sub prime card from TD Canada Trust. Navigate to their website, fill out an application form, and then run down to the nearest branch, and pick it up. i don't think there's anyway of getting a sub prime credit card without going to a branch.


Are there any good websites with information on sub prime cedit cards?

Sub prime credit cards are cards offered to consumers with lower credit scores, typically under 660 FICO. These cards tend to have lower lines of credit, higher interest rates, and more fees than the average credit card.


Why sub-prime crisis is called as Sub-prime?

It is called "sub-rime" because the holding of sub-prime (low credit quality) debt precipitated the crisis.


Can you reopen a credit card which was closed by debt relief program?

Sometimes. It depends on what credit card company issued the card, their terms and procedures, what type of card (prime or sub-prime) and in the final analysis, whether they still wish you as a customer. They might, but it will not be on what is generally regarded as "favorable terms". Call them and ask.


What is a sub prime credit score and it is 640?

sub prime credit score refers to a credit score which is below the national average. According to a 2011 Experian study, the average score in the USA is 687. So, anything under 687 is considered sub prime.


How do credit card companies determine their APRs?

apex. prime rate + credit history


Can anyone with bad credit get a sub prime loan?

"Generally, yes almost anyone, even those with bad credit can get a sub prime loan. Sub prime loans are designed especially for people with bad credit as a way to try to rebuild credit. The interest rates are definitely higher as would be expected, though if the loan is a secured loan the interest rate would be lower than that of an unsecured loan."


Where can I get a sub prime credit card?

Credit cards are out for there for those with poor credit but always remember that any money used will have to be repaid at some point. Start at the moneysupermarket.com for an overview of all the options available to you together with details of any checks they are likely to make.


Why was my Amazon Prime credit card application not instantly approved?

Your Amazon Prime credit card application may not have been instantly approved due to factors such as your credit history, income, or other financial information that the credit card issuer needs to review before making a decision.


What lenders do sub prime mortgages?

Not all lenders give the oppurtunity of sub prime mortgages, but one for example that does is the Infinity Federal Credit Union (IFCU). This is one of the posibilities.


What are people that are unlicensed lenders who charge illegal rates called?

Loan sharks. If they've a license, it's a payday loan, advance check cashing or sub-prime credit card company.


Which credit card company has recently issued an affinity card targeted at workingwomen under the sub-brand Diva?

Standard Chartered