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Credit One Bank???

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Quantarra
New Contributor

Credit One Bank???

Received a preapproval from credit one bank can someone tell me if its worth it to apply????.
Fico=642 Exp=680(perCU) TU=660
Goal=anything over my current scores,,,,,,
Message 1 of 9
8 REPLIES 8
Countingpennies
Established Contributor

Re: Credit One Bank???

No, it is not, unless you are truly desperate. Read the terms. High fees and interest from time of purchase (no grace period), and you will have your fees on your statement every month whether you use the card or not.

You would be much better off with a decent secured card.
Message 2 of 9
Quantarra
New Contributor

Re: Credit One Bank???

Thanks for the reply good info ill pass
Fico=642 Exp=680(perCU) TU=660
Goal=anything over my current scores,,,,,,
Message 3 of 9
Cali_Credit
Frequent Contributor

Re: Credit One Bank???

I wouldn't recommend that card unless you really can't get approved for any other card.

Current Fico's: TU 797 / EQ 785 / EX 775
Wallet: US Bank Business Edge $16,000 I Chase Ink $18,500 | US Bank Cash + Visa Sig $15,000 | Amex PRG NSL | Barclay Arrival+ WMC $10,000 l Amex BCP $20,000 | PenFed Visa Sig $9,000 | DCU Plat. $10,000 | Logix $10,000 | Discover $18,900 | WalMart $10,000 | Paypal MC $15,000 | Barclay NFL $3,400 | Cap 1 Quicksilver WMC $34,500 | J C Penny $5000 | Target $2000 13 Personal & 2 Business CreditCards
Message 4 of 9
SnowBowl
Frequent Contributor

Re: Credit One Bank???

you would be much better going with $49 / $200 from CapitalOne. much less fees too.

on this date 1-22-24 all 3 bureaus are currently frozen until 1-22-26
VantageScore 3.0 EQ 753
Message 5 of 9
LS2982
Mega Contributor

Re: Credit One Bank???


@Quantarra wrote:
Received a preapproval from credit one bank can someone tell me if its worth it to apply????.

confucius11.jpg




EQ FICO 548 3/3/16
Message 6 of 9
nicholasyud
Valued Contributor

Re: Credit One Bank???

you should run away far farrr farrrrrrrrrrrrrrr away from them Smiley Very Happy

Starting Score: 560
Current Score: ?
Goal Score: 800
Message 7 of 9
MovingForward_2012
Valued Contributor

Re: Credit One Bank???

Lol! +1000 for all replies.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Message 8 of 9
Siopao
Regular Contributor

Re: Credit One Bank???

I have a Credit One CC.  They were the first ones to send me a pre-approval letter after my BK.  This also was before I found this website!

 

I'll keep them for a little while longer until my other cards mature.  I know the monthly fee sucks, but it is my oldest card since my BK.

Message 9 of 9
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