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Received Notice of Important Changes to Credit One Bank

Established Member

Received Notice of Important Changes to Credit One Bank

I just receievd my bill from Credit One and there was an insert showing important changes to my account as of 8-1-2011

 

  • Annual Membership Fee - $99.00 (billed at $8.35)
  • Cash Advance Fee - Either 8.00% or $5.00 of each cash advance, whichever is greater

I don't care about the cash advance, since I don't do that anyway.. But, now they want to charge me $100  a year for a $500 limit card.. I don't think so.... 

 

Did anyone else get this?  I've been carrying a zero balance for the last few months (always paid in full each month).  As of 7/1, I'm closing this card..

 

After that, the next to close is FP!

Message 1 of 4
3 REPLIES
Regular Contributor

Re: Received Notice of Important Changes to Credit One Bank

Probably (I toss the envelope lol).  I see that monthly fee on every online statement.

 

I just stuck the card in the drawer two weeks ago (zero balance).

 

BK to fall off 2/12 - DONE!
myFICO (6-14-11): EX ?, EQ 684, TU 713
FICO (5-17-12): EX: 731
CreditSecure FAKOs (6-14-11): EX 745, EQ 661, TU 654
CreditSecure FAKOs (5-17-12): EX 732, EQ 671, TU 697
Goal: 760 across the board
Message 2 of 4
Frequent Contributor

Re: Received Notice of Important Changes to Credit One Bank

Credit One sent me a pre-approval for a card with a limit "up to $1500", which makes me wonder what they were looking at when they "pre-approved" me.  However, it says that the annual fee is $75 for the first year and $99 thereafter.  Is August your 1 year anniversary?

AMEX Blue Cash - $15k, Lowes/GECRB - $10K, PNC - $10K, CIti Diamond Preferred - $10K, Home Depot/Citi - $7590, Best Buy Store/HSBC - $7400, Citi Platinum Select - $7150, Best Buy RZMC/HSBC - $5750, Dillards/GECRB - $4350, Discover More - $3600, Cap 1 Cash Rewards - $3000, Amex HHonors - $2000, State Farm - $2000, Cap 1 MTV - $1500
Message 3 of 4
Highlighted
Valued Member

Re: Received Notice of Important Changes to Credit One Bank

Don't blame ya at all!! I can't wait to kick FP to the curb as well.

USAA CW Scores(as of 9/20/13): 722 EX | 740 EQ | 732 TU

TLS: $6k Chase Freedom, $2k AMEX BCP, $3k Barclay Apple, $3k Sears, $1k Cap1, $1k Cap1

Gardening until at least Nov 2014
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