StantheMan

Cap1 is certainly an odd lender yet one of the most profitable card issuers. Six months out of chapter 7 handing over 15k limits and 6 months later another card for 30k. Those and other Cap1’s have been slashed by 2/3rds but in all honesty the limits never should have been so high to begin with. That being said the limits opened many other doors with better lenders and I have no complaints being cut since they are seldom used.

Personally a no fee Boone's Farm flimsy plastic card would be more enticing.

You can use the Verizon $ on the bill or let it ride to use it on a phone or other equipment.

Yes, but they can be applied to your Verizon bill. Taking 20 bucks off your cellphone bill is the same as putting $20 in your pocket.

If you can stomach that it's issued by Synchrony it's actually a good card on paper. Unlimited 4% on gas and groceries, 3% on dining with no fee alone is a deal. There are some other small perks. The rewards must be used on Verizon purchases or applied to the monthly bill plus as the OP stated there is a discount up to a $10 per line. Was approved with a $5k limit ( they are very stingy according to DPs ). EX was pulled with a BK still showing so no complaints. The worst that can happen is Synch pulling the CL one day.

^^^ THX Hege

Last week applied for the US Bank Altitude Go and called when app went pending. Nice woman said it is processing and proactively asked me what CL would I like. Knowing the reputation of being conservative I still asked for 20K hoping for 10K. Later in the day I got a confirmation -email that I was approved for 10K. Tonight I logged into my account and now see a 20K limit. I do have a Cash + that I put though a good amount thru every month. My spouse who makes over double my income applied and called after her app went pending and got a rude underwriter who said JUST WAIT for the e-mail. Approved for 10k. according to her e-mail.

My bad, a bank won’t turn down $ when you want to pay them. What the rationale is for CUs turning away full payments is beyond me, just let it clear and all’s good.

After going thru the previous posts I decided against the Discover despite the pre approval .In addition my EX is still dirty and who knows what the CL would be. I did get approved for the new US Bank GO with a $10K limit. I already have the Cash + and grandfathered Savor which are similar but had the itch. Have EVERYTHING frozen except TU and Equifax. EQ was pulled 800+ Fico 8..

This policy is common among transferring to most banks and not at all unusual. As for bill pay I can't vouch for but find the 10K bank to bank annoying. https://www.mybanktracker.com/news/ach-transfer-limits

Don’t care about the APR. Just cited it because it’s the lowest offered and would imagine there’s a correlation between that and the CL.

Every now and then I try the pre screen site for Discover and now pre qualify for the IT with the lowest APR (11.99) which I assume would translate into a decent SCL. The quarterly cats. seem enticing. I realize the card isn't universally accepted yet on the surface appears to have several positive aspects. Several esteemed members of this board dismiss it as basically subprime. What's the tangible downside of obtaining this card?