agreed. Its not a prime card. I've had it for about 2 years, and the paying for express payment, pay to cli, etc, is annoying.
BUT, they auto cli without a HP, and often, they report on time, and you get free score monitoring. so... really is it that much worse than being on experians monitoring service?
I currently have a limit of 1250 with them which i think is around the max. I think i started at 300, and got an auto cli every 6 months. My BOA is my lowest card right now at 1000, but I also have a cap 1 and a usaa, which are better lenders. As soon as BOA catches up with the other cards for CL i'm dumping the Credit 1, but until then, its helping me keep my overall util at 36%
@Peter1142 wrote:
Ya it is easy to say yuck when you have a wallet full of prime cards. This is a rebuilder card for people with very bad credit. It is not in the same category as Amex or Discover.
A garbage card for those with a garbage credit rating? 
Either way, it's highway robbery. A high AF... charges for CLI, charges for payments... etc... etc... Glad I never had to deal with them. I did what my CU told me to do when I talked to them the week I got my discharge... "Go apply with Cap1 and come back in 6 months and we'll approve you for a card." So I did... and they did... It was that easy.
I also filed a 13 though and not a 7 so my scores were a bit higher.
@heygirlhey wrote:For what its worth, I'd like to say I've had Credit One for about 8 months now with no issues. I've paid on time and it's helped me improve my credit. I received 2 pre-approvals for DiscoverIT and Chase Freedom which I've now added both to my wallet. Before this, I'd always get declined for cards!
If you use the CREDIT ONE card responsibly, it's a good card to help your credit score in a short amount of time. Not to mention you get a 1% instant cash back on gas purchases.
That said, I wouldn't hold on to it any longer than necessary. My balance will be paid off next month and I plan on canceling it. I didn't even have to pay a sign up fee (lucky, I know!) So I'll get out relatively unscathed! Truth be told, If the gas reward on it was better than either of my new cards, I would probably keep it!
** Just thought I'd put the other side of things out there! In reading these boards, I've noticed that sometimes people can be scared away from something that could actually benefit them. Everyone is different and people should see all sides of things. It's easy to say "YUCK its a crappy card" when your wallet is full of 25K+ limit AMEX cards!
Thanks so much for your feedback! My goal is to obtain as many positive lines as possible to I am credit worthy to buy a house in 2 years! woot woot.. I appreciate you taking the time to reply.
@heygirlhey wrote:For what its worth, I'd like to say I've had Credit One for about 8 months now with no issues. I've paid on time and it's helped me improve my credit. I received 2 pre-approvals for DiscoverIT and Chase Freedom which I've now added both to my wallet. Before this, I'd always get declined for cards!
If you use the CREDIT ONE card responsibly, it's a good card to help your credit score in a short amount of time. Not to mention you get a 1% instant cash back on gas purchases.
That said, I wouldn't hold on to it any longer than necessary. My balance will be paid off next month and I plan on canceling it. I didn't even have to pay a sign up fee (lucky, I know!) So I'll get out relatively unscathed! Truth be told, If the gas reward on it was better than either of my new cards, I would probably keep it!
** Just thought I'd put the other side of things out there! In reading these boards, I've noticed that sometimes people can be scared away from something that could actually benefit them. Everyone is different and people should see all sides of things. It's easy to say "YUCK its a crappy card" when your wallet is full of 25K+ limit AMEX cards!
i like your comment i dont have good credit but they give me the card with 500 credit limit 17.90 APR and only 35 AF . And that's it , im always make regular payment without any fee , i dont know why people keep complaint when they rebuilding credit . love this : Everyone is different and people should see all sides of things. It's easy to say "YUCK its a crappy card" when your wallet is full of 25K+ limit AMEX cards
@cuti wrote:
@heygirlhey wrote:For what its worth, I'd like to say I've had Credit One for about 8 months now with no issues. I've paid on time and it's helped me improve my credit. I received 2 pre-approvals for DiscoverIT and Chase Freedom which I've now added both to my wallet. Before this, I'd always get declined for cards!
If you use the CREDIT ONE card responsibly, it's a good card to help your credit score in a short amount of time. Not to mention you get a 1% instant cash back on gas purchases.
That said, I wouldn't hold on to it any longer than necessary. My balance will be paid off next month and I plan on canceling it. I didn't even have to pay a sign up fee (lucky, I know!) So I'll get out relatively unscathed! Truth be told, If the gas reward on it was better than either of my new cards, I would probably keep it!
** Just thought I'd put the other side of things out there! In reading these boards, I've noticed that sometimes people can be scared away from something that could actually benefit them. Everyone is different and people should see all sides of things. It's easy to say "YUCK its a crappy card" when your wallet is full of 25K+ limit AMEX cards!
i like your comment
Every TL has its purpose, and certainly many people have used Credit One to rebuild. I did, before I even knew what it meant to rebuild. Credit One is my oldest open CC currently, and I am indeed grateful that they approved me when no one else would. A few months after they approved me in late 2010, I was able to pick up a Household Bank card (now my Cap One). These two eventually led me to get a pre-approval offer for JCP, which was my first card in my rebuild with no AF.
And I will also be moving on from Credit One very soon, because they have just about finished serving their purpose in my credit build. My positive history with them will continue to show on my CRs until 2024, so I definitely won't forget them. They will be the first card that I closed in good terms since my AMEX way back in 1999, so at least I will do that well, too.
As grateful as I am, I still would advise people that don't need Credit One to take other TLs instead. For those who use them, know their terms and use them to help build better credit habits for yourself.