Credit One CLI. This is just rich.

[lithium78]

Credit One sent me an email today offering me a $100 credit line increase for a fee of $19.95.  Wow.  Just, WOW.  Nickel and diming much?  I guess they are trying to make back the revenue they lost when they couldn't charge people for online payments anymore (not that I paid online when they did.)  I can't wait to dump this garbage card.

[Iincognito]

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@lithium78 wrote:

Credit One sent me an email today offering me a $100 credit line increase for a fee of $19.95.  Wow.  Just, WOW.  Nickel and diming much?  I guess they are trying to make back the revenue they lost when they couldn't charge people for online payments anymore (not that I paid online when they did.)  I can't wait to dump this garbage card.

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I guess it's their way of hedging against a possible loss -- holding you responsible for ~20%. Wow indeed!

[score_building]

Unfortunately charging for CLI has been a common approach for these type of credit issuers for quite a while.  

Glad to hear that it's on the chopping block!

[bigman023]

I got that same offer. With Credit One, I always decline those offers, and so far, they have always given me a portion of the offered increase, at no charge.

[Creditaddict]

Sometimes this really gets to me but then I think about my Target card or Best Buy MC and you know if I could get regular CLI (every 6 months with Credit One) I probably would pay for it until I could get MUCH better cards.

[scottwagnon]

wow. i would have dumped it already if i were you. any credit card that i currently carry would instantly get the axe the moment i logged into my account just to discover that they were going to charge me for online payments.

[lithium78]

The Credit One card helped me out when my credit was really, really poor and I couldn't get any other cards, but now I have a BoA Cash Rewards card and a Discover More card, so the Credit One card has been sock drawered.  I'll cancel it once I get my utilization zeroed out on my other cards.  It just doesn't make sense to hold onto a card that costs me nearly $120 in fees per year and charges for CLI while offering absolutely no rewards.

[scottwagnon]

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@lithium78 wrote:

 It just doesn't make sense to hold onto a card that costs me nearly $120 in fees per year and charges for CLI while offering absolutely no rewards.

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I AGREE! is it closed already???