Wife got a Credit One offer...

manwoot · ‎07-29-2014

I was actually surprised by the terms.

The letter said she was pre-approved for a credit line of $500-$1500. Annual fee was $45, no additional monthly fees or maintenance fees. APR was 19.9% but was charged from the first day a transaction posts.

This seems not too bad if you're rebuilding or need a card. No rewards, but still... I've seen worse!

Juss11 · ‎07-29-2014

When I was rebuilding, they were the first to take a chane on me. Everyone knocks them, b/c they are not prime, but they treated me good. If she is rebuilding id say go for it!

Forte747 · ‎07-29-2014

@manwoot wrote:
I was actually surprised by the terms.

The letter said she was pre-approved for a credit line of $500-$1500. Annual fee was $45, no additional monthly fees or maintenance fees. APR was 19.9% but was charged from the first day a transaction posts.

This seems not too bad if you're rebuilding or need a card. No rewards, but still... I've seen worse!

Why don't you add her as an AU on a couple of your cards for a little while maybe 6-12 mths then she should be able to get a Prime card on her own.

Anonymous · ‎07-29-2014

@manwoot wrote:
I was actually surprised by the terms.

The letter said she was pre-approved for a credit line of $500-$1500. Annual fee was $45, no additional monthly fees or maintenance fees. APR was 19.9% but was charged from the first day a transaction posts.

This seems not too bad if you're rebuilding or need a card. No rewards, but still... I've seen worse!

So you pay 20% interest on everything you buy with the card with no grace period? That sounds like a terrible card actually!