topic Onemain Brightway+ MC $3000 CLI to $6000 CL in Credit Card Approvals

Onemain Brightway+ MC $3000 CLI to $6000 CL

youngandcreditwrthy — Tue, 02 Apr 2024 14:36:09 GMT

Morning!

8 months into a rebuild. I always thought OneMain was a subprime lender.

I was pre approved in the low 600s last October with a 3000 CL 1% CB 30%+ APR and this card comes with a guarantee of either an interest rate reduction or a CLI.

Please note I started with the + version meaning I had no AF. The regular Brightway version usually starts with an AF and maybe a lower limit?

Honestly, this has been one of my best cards to rebuild with. Been keeping it PIF and using like 20-30$ a month on it.

after 6 months of on time payments, they offered me to increase my total CL from 3000 to 6000 OR to get an interest rate reduction of .25%....

since I don't pay interest on it, and lets be honest... .25% of an APR reduction IS NOTHING, I took the CLI. I honestly didn't think I'd ever have desire for a OneMain product or even that they'd offer cards with decent CLs.

That said, most of the approvals I had seen on here were 500 CL with like 20-70$ afs and no cashback albeit 1% is not much

not a bad card to assist in rebuild and since no af, we will see if I can get regular 3000 CLIs every six months haha.

Have a good day yall!

P.S. my account still says that for every 6 months worth of on time payments, I will continue to be eligible for either a CLI or an APR reduction!

Re: Onemain Brightway+ MC $3000 CLI to $6000 CL

JoeRockhead — Tue, 02 Apr 2024 16:57:56 GMT

Very nice bump, Congratulations!

Re: Onemain Brightway+ MC $3000 CLI to $6000 CL

keekers — Tue, 02 Apr 2024 17:39:13 GMT

Nice job. Congrats.

Re: Onemain Brightway+ MC $3000 CLI to $6000 CL

FlaDude — Tue, 02 Apr 2024 19:13:14 GMT

Congrats, a very promising step in your rebuilding!

Re: Onemain Brightway+ MC $3000 CLI to $6000 CL

Traveler101 — Tue, 02 Apr 2024 22:36:45 GMT

Congratulations 🎊

Re: Onemain Brightway+ MC $3000 CLI to $6000 CL

CorpCrMgr1 — Wed, 03 Apr 2024 01:35:05 GMT

Congratulations on your CLI!

Re: Onemain Brightway+ MC $3000 CLI to $6000 CL

RBD22 — Wed, 03 Apr 2024 15:33:57 GMT

Congratulations!

Re: Onemain Brightway+ MC $3000 CLI to $6000 CL

youngandcreditwrthy — Wed, 03 Apr 2024 16:23:55 GMT

Thanks everyone!!! :-)

I got another cli today too! will post later. haha not bad for 8 mo into rebuilding.

Re: Onemain Brightway+ MC $3000 CLI to $6000 CL

BigBS — Wed, 03 Apr 2024 22:29:43 GMT

Congrats on the CLI!

Re: Onemain Brightway+ MC $3000 CLI to $6000 CL

bjaminkelley88 — Thu, 04 Apr 2024 22:22:42 GMT

I started with them with a $1500 CL about 2 yers ago, I've chocen the CLI option each time I hit my rewards milestones and I'm now at $4950 CL. The reduced APR doesn't matter to me since I don't carry balances and the APR decreases were like 0.5%'s so it was kinda laughable for me.

Re: Onemain Brightway+ MC $3000 CLI to $6000 CL

NoMoreDebt — Sat, 06 Apr 2024 12:33:06 GMT

congrats on the cli

Re: Onemain Brightway+ MC $3000 CLI to $6000 CL

mgood — Sat, 06 Apr 2024 14:38:46 GMT

'Grats!

I had a loan with OneMain for a while. Yeah, sub-prime but not as bad as some of the rip-off places that charge 80-something percent, but not as good as you get from your bank or credit union if you qualify. I think mine was 24% or 28% or something like that. Ouch. And it shows up in my reports as a "consumer finance" account, but that's a very, very minor thing. They seemed like decent people to deal with too. They still send me a constant stream of mail, wanting me to take another loan. No, thank you.

Re: Onemain Brightway+ MC $3000 CLI to $6000 CL

youngandcreditwrthy — Sat, 06 Apr 2024 18:19:26 GMT

@bjaminkelley88 yeah it's not a very well known or reported on card in these forums and Im shocked its been so good to me!

its by invite only which I suppose could be the reason why and i got my pre approval through my experian account I think!

Thanks for your datapoint too!

Re: Onemain Brightway+ MC $3000 CLI to $6000 CL

youngandcreditwrthy — Sat, 06 Apr 2024 18:22:01 GMT

Yeah same.. they have always been offering me loans up to
40k but I never needed any personal loans ESPECIALLY at the 29% they were offering lol. I got a lending club loan at 6% once several years ago.

so I was super shocked when I got a pre approval for their newish product and the no AF and 1% cashacbk one.. nd then when I got the 3000 initial SL I was super shocked and then now the giant 3000 CLI! Im happy! haha

Still would never do their persona loan though LOL

Re: Onemain Brightway+ MC $3000 CLI to $6000 CL

mgood — Sat, 06 Apr 2024 18:38:13 GMT

@youngandcreditwrthy wrote:

Still would never do their persona loan though LOL

I didn't have much in the way of credit cards and didn't have the scores to get a loan from the bank. I was moving and needed a little spare change to get moved and settled. I took a loan for $4500 or $7500 or something like that. This was years ago.

Re: Onemain Brightway+ MC $3000 CLI to $6000 CL

CreditAggie — Sun, 21 Apr 2024 23:28:33 GMT

Congratulations on your OneMain 2X CLI!