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credit one credit card

SOLVED
Valued Member

Re: credit one credit card

That's how I pay 1st Premier from now on.  Gosh, it's so simple and it only takes 2 days to post to my account.
Message 31 of 48
Established Member

Re: credit one credit card

i got a pre-approval for a Credit One Visa in the mail today. I have not applied yet. Still doing some research. I wanted to see what people are saying about the bank. My scores have been going up pretty consistantly the last few months. I have a month to think about it. I have gotten First Premier offer  recently too.

Starting Score: EQ -604 (4/09) TU 644 (3/10)
Current Score: EQ -698 (3/10) TU-644 (3/10)
Goal Score: 720


Take the FICO Fitness Challenge
Message 32 of 48
Moderator Emeritus

Re: credit one credit card


cam72 wrote:
i got a pre-approval for a Credit One Visa in the mail today. I have not applied yet. Still doing some research. I wanted to see what people are saying about the bank. My scores have been going up pretty consistantly the last few months. I have a month to think about it. I have gotten First Premier offer  recently too.

 

I had the card. Started with FICOs in the low to mid 500s and that was the card that broke the barrier back into credit. The fees were high (monthly, annually, and even fees to pay online). But they gave me a shot when no one else would. They did start me at $200 and slowly increased me every 4-6 months by $100 here or $150 there. Ended up with $650 cL before I cancelled. Your scores are good. Personally, if I was in that spot, and assuming I had no CCs reporting, I would app for a CC based on EQ like a CU, citi, or others.
Message 33 of 48
Senior Contributor

Re: credit one credit card

I have some friends (couple) that just applied and were approved for Credit One (plus Orchard and First Premiere).  They have good credit, except that they have some very large tax liens due to a business failure.

 

They got the instant status of "approved pending verification of information).  She got an invitation (preapproval-ish) and he just app'ed in addition online.

 

The one thing I noticed is they have a "one time activation fee" then "monthly annual fee" and "internet access one time fee" and "additional card fee" and they charge fees for any payments you process through them online or telephone (so be sure to send by your Bank BillPay).

 

Basically once approved, you will most likely have between $50 and $70 in available credit (at the $250 minimum initial CL) so you will have to pay that down before you can really use it.

 

But, it is a place to start and so that is why they have a niche in the market.

 

Good luck.

 

 

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Message 34 of 48
Valued Member

Re: credit one credit card

Well, after I had been approved by Chase for $1500, I got a letter about 15 days after I received my card that they upped my CL to $2000.  I have 3 other cards other than the Chase card and one of them is the Credit One....which still seems OK.  I'll keep it, but the 1st Premier and Indigo i'm closing out.  I do wish I had a CLI though to about $300 on Credit One.
Message 35 of 48
Moderator Emeritus
Moved:

Re: credit one credit card

Message 36 of 48
Valued Member

Re: credit one credit card

 

I know that this thread is dated. But what the heck—this addition won't hurt.
 
07/26/2012 Pre-qualified and pre-approved for Credit One Bank CC
07/26/2012 Instant approval (low limit $400—not a shock) :-/
08/02/2012 Credit card shipment confirmed via email
 
I'll update when card has been delivered and received, in hand. ;-)
Macy's $1,200 | Capital One $750 | Credit One Bank $500 | Victoria's Secret Angel $500 | EXPRESS Next $500 | Chase Freedom $300 | J.Crew $250 | The Buckle $250 | Citicard $200

3/19/3013 TU 583 (CK SCORE) EX 596 (CK SCORE)
3/19/2013 EX 595 (Experian.com)
3/13/2013 EQ 596 (FICO) TU 576 (FICO)
3/01/2013 EQ 586 (FICO)
2/27/2013 TU 594 (Credit Karma) EQ 612 (Credit Sesame) EX 643 (Quizzle)
9/14/2012 EX 550 (Experian.com) TU 515 (FICO) EQ 563 (FICO)
Message 37 of 48
Established Contributor

Re: credit one credit card

I had a Credit One card while I was rebuilding and, to be honest, it wasn't really worth it.  The monthly fees, plus no grace period, plus having to pay for CLIs just make the card much more expensive than it really should be.  You are better off sticking with a Capital One card or Orchard Bank.  I was really happy on the day I closed Credit One and cut that card up.


Starting Score: TU: 566
Current Score: TU: 741 (Discover FICO); EQ: 755 (MyFico) EX: 774 (FAKO)
Goal Score: 800

Take the FICO Fitness Challenge
Message 38 of 48
Valued Member

Re: credit one credit card

I know what you mean, but I have pretty crappy credit right now. I have Capital One and had Orchard Bank—both of them were stingy with CLIs and Credit One Bank is not, it's expensive, but at least I know what to expect. I received my card in the mail yesterday so they seem to be improving with card delivery ETAs. :-)

Macy's $1,200 | Capital One $750 | Credit One Bank $500 | Victoria's Secret Angel $500 | EXPRESS Next $500 | Chase Freedom $300 | J.Crew $250 | The Buckle $250 | Citicard $200

3/19/3013 TU 583 (CK SCORE) EX 596 (CK SCORE)
3/19/2013 EX 595 (Experian.com)
3/13/2013 EQ 596 (FICO) TU 576 (FICO)
3/01/2013 EQ 586 (FICO)
2/27/2013 TU 594 (Credit Karma) EQ 612 (Credit Sesame) EX 643 (Quizzle)
9/14/2012 EX 550 (Experian.com) TU 515 (FICO) EQ 563 (FICO)
Message 39 of 48
Valued Member

Re: credit one credit card

Just logged into my online account, and what do you know?

 

CLI of $100; from $400 to $500 credit limit—and I've only been a cardmember for one month!!

 

I know, I know it's not much, but it's the little things Smiley Wink ... especially w/ regard to Credit One Bank.

Macy's $1,200 | Capital One $750 | Credit One Bank $500 | Victoria's Secret Angel $500 | EXPRESS Next $500 | Chase Freedom $300 | J.Crew $250 | The Buckle $250 | Citicard $200

3/19/3013 TU 583 (CK SCORE) EX 596 (CK SCORE)
3/19/2013 EX 595 (Experian.com)
3/13/2013 EQ 596 (FICO) TU 576 (FICO)
3/01/2013 EQ 586 (FICO)
2/27/2013 TU 594 (Credit Karma) EQ 612 (Credit Sesame) EX 643 (Quizzle)
9/14/2012 EX 550 (Experian.com) TU 515 (FICO) EQ 563 (FICO)
Message 40 of 48