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How to spot a predatory credit card (for Credit One fans)

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pipeguy
Senior Contributor

How to spot a predatory credit card (for Credit One fans)

Consumers in the market for a new credit card — especially those with weak credit — take note: Some companies who advertise their easy-to-get credit cards could end up costing you big time.

 

http://www.marketwatch.com/story/how-to-spot-a-predatory-credit-card-2016-08-24

Message 1 of 5
4 REPLIES 4
surferchris
Valued Contributor

Re: How to spot a predatory credit card (for Credit One fans)

Good article - thanks.

Current Cards:
AmEx Hilton Honors Surpass//AmEx Platinum Card//Ann Taylor Rewards Mastercard//Capital One Platinum Card//Credit One AmEx//Credit One Platinum VISA//Fingerhut//Navy More Rewards AmEx//TruWest Platinum VISA//Aspire VISA//Costco Anywhere VISA//Lowes Advantage//Apple Card
Loans:
1 Mortgage/////Navy FCU Auto Loan (2020 Jaguar I-Pace)//Capital One Auto (2016 BMW i3)
Next Cards (4th QTR 2022):
Navy Flagship Rewards VISA//Chase Sapphire Preferred
Stats:
Scores: 700's // Inq's: 1 for mortgage // Util: 1% // AoOA: 21 yrs

Message 2 of 5
shan247
New Member

Re: How to spot a predatory credit card (for Credit One fans)

Credit One can also be a tool to better credit! This card helped me to better my credit and now I have Citi DoubleCAsh, Amex, Discover,Cap One because of my CAREFUL use of Credit One! Like a gun any card can be dangerous in the wrong hands or in this case wallet!

flyhigh fico
Message 3 of 5
DaveInAZ
Senior Contributor

Re: How to spot a predatory credit card (for Credit One fans)


@surferchris wrote:

Good article - thanks.


Yes, good article. But -

 

Compared with banks and credit unions, subprime specialists sent the largest share of mailings to households with no college education, making up more than half of their entire mail volume in 2013 and 2014.

 

- How do they know folks' education level?

Message 4 of 5
Anonymous
Not applicable

Re: How to spot a predatory credit card (for Credit One fans)


@DaveInAZ wrote:

@surferchris wrote:

Good article - thanks.


Yes, good article. But -

 

Compared with banks and credit unions, subprime specialists sent the largest share of mailings to households with no college education, making up more than half of their entire mail volume in 2013 and 2014.

 

- How do they know folks' education level?


Google, Facebook LOL!!!! no seriously probably just promoting in low income zip codes.

Message 5 of 5
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