topic Re: Credit One Platinum Rewards - No Fee - $1.5k in Credit Card Approvals

Credit One Platinum Rewards - No Fee - $1.5k

Total80sKid — Sat, 17 Jul 2021 08:06:23 GMT

I was recently discharged from a BK7 and got a Capital One card right off the bat. I knew I wanted/needed 3 cards in my arsenal for optimal Fico scoring.

I am planning on getting an nRewards through NFCU soon, but have been pondering what I was going to do for a 3rd card since I burned so many in my BK.

I knew my income is very limited, so I can only afford the one secured card (nRewards) and was trying to stay away from store cards. I also knew I was going to try my hardest not to get a card with any type of fees.

I had a Credit One card back from 2015-2017, but closed it once I got my credit scores up. It worked great for me, but had a very low limit and a bunch of fees, annual and monthly. I did not want a Credit One card because of its mostly well earned, stigma, but went to their site and browsed their cards. I was not going to apply for one that had any fees and one that would not pre-qualify me.

I saw one that looked pretty good with no fees at all and decent rewards, though my income is far too low to be concerned about rewards.

It was the Platinum Rewards Visa with No Annual Fee:

I didn't think I would qualify since my scores are so low and having just been discharged from a BK, but I did the pre-qualify thing and it said I was pre-qualified. Not pre-approved, but I knew the worst that could happen would be a denial, so I went through with the application and was approved:

I was nervous it would be $300, but they gave me $1500. Not sure if my prior perfect history with them mattered or not, but I was pleasantly surprised.

I won't be using it much, but am happy I got my 2nd of 3 cards without any fees so far and fingers crossed I can get my 3rd from Navy soon.

Not sure what Fico version they pull, but they pulled Experian and said my score was 758 from a range of 301-900. My Fico08 Experian is: 544

AAoA: 0

Inquiries: 3

Income: $11.5k

Re: Credit One Platinum Rewards - No Fee - $1.5k

CreditAggie — Sat, 17 Jul 2021 12:33:34 GMT

Congratulations on your Credit One approval!

Re: Credit One Platinum Rewards - No Fee - $1.5k

M_Smart007 — Sat, 17 Jul 2021 15:18:44 GMT

@Total80sKid, Congrats on your 2% Cash Back No AF Platinum approval

Re: Credit One Platinum Rewards - No Fee - $1.5k

Red1Blue — Sat, 17 Jul 2021 15:21:36 GMT

Congrats

Re: Credit One Platinum Rewards - No Fee - $1.5k

Rudy1 — Sat, 17 Jul 2021 15:23:47 GMT

Congrats on your approval!

Re: Credit One Platinum Rewards - No Fee - $1.5k

Anonymous — Sat, 17 Jul 2021 16:23:17 GMT

That is a decent CL from this bank. Keep up the good work

Thanks

Mark

Re: Credit One Platinum Rewards - No Fee - $1.5k

Horseshoez — Sat, 17 Jul 2021 18:19:18 GMT

@Total80sKid, I've never had a CreditOne card but I did take a close look at their offerings last year after my discharge, the only word of caution I have for you on this card is to keep an eye on how they charge interest; I've heard anecdotally some of their cards start accruing interest literally the instant a charge posts, and that dilutes any cash back rewards unless you pay the card in full immediately. Not sure if this is the case with your card or not, just wanted to alert you to the possibility.

Re: Credit One Platinum Rewards - No Fee - $1.5k

sourpuss29 — Sat, 17 Jul 2021 18:25:21 GMT

Congrats on your approval! There's nowhere to go from here but UP! 🎉

Re: Credit One Platinum Rewards - No Fee - $1.5k

Total80sKid — Sat, 17 Jul 2021 19:35:08 GMT

@Horseshoez

I made sure to read the fine print before I dared apply.

This particular card says you have at least 24 days after the close of each billing cycle. Most of their cards do not offer this and start the interest right away.

Re: Credit One Platinum Rewards - No Fee - $1.5k

coreyb80 — Sat, 17 Jul 2021 21:20:59 GMT

Congrats on the approval!

Re: Credit One Platinum Rewards - No Fee - $1.5k

CreditCuriosity — Sat, 17 Jul 2021 21:25:39 GMT

Congats. BTW use to work for them along time back about 10 years or so. They use their own internal scoring model at least the time when I worked for them

Re: Credit One Platinum Rewards - No Fee - $1.5k

Mr_Mojo_Risin — Sat, 17 Jul 2021 22:08:39 GMT

80s kid pulling in another approval!

Congratulations on nice Credit One SL!

Re: Credit One Platinum Rewards - No Fee - $1.5k

chalupaman — Sat, 17 Jul 2021 22:59:12 GMT

I've had prequals for this version of the card a lot lately, but didn't take it, but I'm glad they gave you a decent SL. Congrats!

Re: Credit One Platinum Rewards - No Fee - $1.5k

surferchris — Sun, 18 Jul 2021 02:22:38 GMT

Congrats!

Re: Credit One Platinum Rewards - No Fee - $1.5k

GrandBay — Sun, 18 Jul 2021 05:20:55 GMT

@Total80sKid congrats on the approval and SL!

Proud of your success navigating post-BK

Re: Credit One Platinum Rewards - No Fee - $1.5k

Irv02 — Sun, 18 Jul 2021 09:27:59 GMT

Congrats on your approval!!

Re: Credit One Platinum Rewards - No Fee - $1.5k

DONZI — Sun, 18 Jul 2021 20:59:40 GMT

Congratulations! ..and thanks for the DP.

I'd have that card over my 5/3rd Trio MC started ~15 months ago!

I've good relationship with the bank but kind of think it's bucketed @ $1k -- seems auto CLI are like hen's teeth and I'm not going to gamble a HP on that card for a long time since it's likely to be a sock drawer card soon.

Re: Credit One Platinum Rewards - No Fee - $1.5k

KingRue8500 — Sun, 18 Jul 2021 21:19:19 GMT

Congrats on your Credit One Platinum Rewards approval!

Re: Credit One Platinum Rewards - No Fee - $1.5k

gdale6 — Sun, 18 Jul 2021 23:17:58 GMT

Grats on the NF C-1 approval

Re: Credit One Platinum Rewards - No Fee - $1.5k

Remedios — Mon, 19 Jul 2021 02:03:29 GMT

@Total80sKid congrats on your approval