Pre Approval Mailer For Credit One

[Anonymous]

I received a pre-approved mail offer today from Credit One and many pre-approved magazine offers (I get these daily, not interested). The offer is for 23.90 APR, Membership Fee of $75 for first year, $99 after (ouch) and a credit limit of up to $1500. Is Credit One similar to Verve or First Premier? My scores are all around 660-680. I'm pretty sure I am going to shred it but what kind of company is this?

[chalupaman]

Stay away from Credit One at all costs. Throw that offer in the trash can. I heard they aren't as bad as First Premier but that isn't saying much. Their card still sounds like complete junk. Even with good credit, I still get that stupid preapproval from them.

[Anonymous]

That's what i was thinking, too. Their mailer says to apply at yada yada website to find out your credit line instead of the usual a pre-approval isn't a guaranteed approval like most say. To the shredder it will go.

[uswala]

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@chalupaman wrote:

Stay away from Credit One at all costs. Throw that offer in the trash can. I heard they aren't as bad as First Premier but that isn't saying much. Their card still sounds like complete junk. Even with good credit, I still get that stupid preapproval from them.

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I get them a lot. Never even open the envelop 

Goes to my shredder directly.

[CreditCuriosity]

They arent as bad as FP or Verve, but that is crazy.....  When I was rebuilding I had a 35 AF version each year and 17.99 APR... So that offer is deffinetly no favor to you.  I also use to work there, and that is one of there WORSE offers..  I think with your scores, you can get some prime cards, vs. Credit one aka sub-prime.

[Anonymous]

Thanks for the input everyone! I will definitely shred it immediately. I was approved for the Chase Freedom back in July and I do not want to feel like I am going backwards!

[Jerry45]

I agree. Stay away from Credit One. If you need a tradeline, I suggest no hard pull secured cards like First Progress

[Anomalous]

With what you have listed in your signature, you don't need/want Credit One or First Premier. Like others have posted, trash it.