Credit One CLI???

[jwduke]

My receive a call from Credit One Bank, offering a $100 CLI......For $19.95! **bleep**??????

[DanielF]

Got the same thing. I think the subprime cards have realized a new way to make money. Stop the auto increases and start charging a fee for CLI.

[lithium78]

Credit One started doing that after the CARD Act was passed and they were no longer allowed to charge for online payments.  They seemed baffled that I never took them up on a CLI again after their changed their policy.  (I never paid them for an online payment either.  44 cents for a stamp was much cheaper than $9.95 for the convenience of paying online.)

[LS2982]

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@jwduke wrote:

My receive a call from Credit One Bank, offering a $100 CLI......For $19.95! **bleep**??????

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Thats just so wrong............

Cant wait to axe them in June!

[visorboy1974]

Places like Orchard have been doing this for years.  

[DanielF]

All of my CLI from Orchard have been free, even the one I got most recently with a call to CS. CreditOne CLI were automatic and free until this last one where they wanted to charge 19.95. I guess it's another way to make money. First Premeir charges 25 per 100 of the CLI.

[lithium78]

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@DanielF wrote:

All of my CLI from Orchard have been free, even the one I got most recently with a call to CS. CreditOne CLI were automatic and free until this last one where they wanted to charge 19.95. I guess it's another way to make money. First Premeir charges 25 per 100 of the CLI.

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Yeah, it's not really a common practice even among sub-prime cards.  Orchard Bank, Capital One, and BBRZ MC don't charge for CLIs.  Of course, they don't often give out CLIs either.