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Credit one ultra fast CLI - very happy with them!

Established Member

Credit one ultra fast CLI - very happy with them!

Hey Fico Friends......just wanted to let you know of a positive experience I've just had with Credit One.  I received a pre-approval a little over a month ago in my mailbox, and was excited to get more unsecured credit.  

 

They approved me with a limit of $400.  I've used the card for all of my purchases, and paid the balance in full each week.  I've only had the card in my possession for about 30 days, and this morning I noticed a little bump in my score....and after a little sleuthing found that Credit One raised my limit to $550 without me even asking!!!!

 

The only thing I don't like about the card (other than the fees that come with subprime) is that you can only make 4 payments in a month. however, this quick CLI just made me happy to make it the number one card in my wallet (my Capitol One $300 unsecured has stayed at that same limit for 2 years without an ncrease even though I've asked for one).

 

Just keeping you in the loop,

 

9/2012  USAA scores EXP 525/TU 543/EQU 560

11/2012 USAA scores EXP 640/TU 610/EQU 607

Message 1 of 11
10 REPLIES
Valued Contributor

Re: Credit one ultra fast CLI - very happy with them!

Just be aware that there is no grace period.so unless you immediately pay your balance in full after you use your card you will be charged interest.

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Message 2 of 11
Contributor

Re: Credit one ultra fast CLI - very happy with them!

Nice pick up !!
Amex BCE...Amex ED...Barclay WMC...Priceline Rewards Visa...Cap One Venture...Total Rewards Visa...Wells Fargo Visa...Discover IT...Pay Pal Smart Connect...Overstock Store Card...Lowe's Store Card


Message 3 of 11
Established Contributor

Re: Credit one ultra fast CLI - very happy with them!

This made me very happy. Congrats
Fico Scores: . Walmart TU 748 . Garden 8/19 2014 .

Cap One Journey 500 | Discover IT 500 | GE Home Design 5.6k | GE HHGREGG 5k | Amex Zync NPSL | Amex BCE 6k | Citi Forward 4.2k | Citi Dividend 3k | GE BrandsMart 1k | GE Lowes 8.5k | Discover Walmart 7.5k | Barclays Apple 2.5k | BoA CR 2.7k | CSP 7.2k | Platinum Prestige 5k | IT Chrome 4k | Slate 2.3k |
Message 4 of 11
Established Member

Re: Credit one ultra fast CLI - very happy with them!

Thanks for the warning!
Message 5 of 11
Valued Contributor

Re: Credit one ultra fast CLI - very happy with them!


blink182 wrote:

Hey Fico Friends......just wanted to let you know of a positive experience I've just had with Credit One.  I received a pre-approval a little over a month ago in my mailbox, and was excited to get more unsecured credit.  

 

They approved me with a limit of $400.  I've used the card for all of my purchases, and paid the balance in full each week.  I've only had the card in my possession for about 30 days, and this morning I noticed a little bump in my score....and after a little sleuthing found that Credit One raised my limit to $550 without me even asking!!!!

 

The only thing I don't like about the card (other than the fees that come with subprime) is that you can only make 4 payments in a month. however, this quick CLI just made me happy to make it the number one card in my wallet (my Capitol One $300 unsecured has stayed at that same limit for 2 years without an ncrease even though I've asked for one).

 

Just keeping you in the loop,

 

9/2012  USAA scores EXP 525/TU 543/EQU 560

11/2012 USAA scores EXP 640/TU 610/EQU 607


Congrats. I still have CreditOne (don't ask why) with 0 balance. I have since '08. It got me to where I am. Four years ago, I can only get secured card but decided not to. However, CreditOne was only one that offer me unsecured. I havn't use it for 2-3 years, just paying the $8.25 monthly fee, which is getting old and I will cancel it this Monday Smiley Surprised

 

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
Message 6 of 11
Regular Contributor

Re: Credit one ultra fast CLI - very happy with them!

That's a great way to start building your credit, but I would try to ditch them as soon as possible. Congrats! 

Fico Scores: TU 700 (10/12/2016) EQ 729 (10/01/2016) EX 713 (10/01/16)

AMEX BCP $25,000 (opened 09/2012) - Citi TYP $12,000 (opened 12/2012) Chase Sapphire Preffered $6000 (opened 09/2012)
Message 7 of 11
Valued Contributor

Re: Credit one ultra fast CLI - very happy with them!

First congrat.......very nice but as the other post mention they charge interest from day one on everything even purchase. Please paid cash or using capital one for other purpose otherwise you deep down paid interest every billing cycle. I stop using their card when i first find out they doing that.

I need to cancel them ASAP . When the best time to cancel ??? i have it in June maybe cancel in March or April ???Simply call in or request by mail ??? I scared of this company would ruin my credit.


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Message 8 of 11
Mega Contributor

Re: Credit one ultra fast CLI - very happy with them!


beb86 wrote:

Just be aware that there is no grace period.so unless you immediately pay your balance in full after you use your card you will be charged interest.


Big reason why this card is extremely subprime.

 




EQ FICO 548 3/3/16
Message 9 of 11
Valued Contributor

Re: Credit one ultra fast CLI - very happy with them!

Congrats on the CLI!

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 832 EX 783 TU 816
App free since 9/15/15
Message 10 of 11