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

Valued 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

4 REPLIES
Established Contributor

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

Good article - thanks.

Goal: 700's by 11/1/2015 (all baddies will be gone)



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
Community Leader
Valued Contributor

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


ChrisCulpepper 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?


Fico 08: 720/721/719 TU/EX/EQ
Regular Contributor

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


DaveInAZ wrote:

ChrisCulpepper 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.


FICO 8 (EQ) 660 FICO 8 (TU) 705 FICO 8 (EX) 678 May 2017