topic Re: Credit one in Credit Card Applications

Credit one

Anonymous — Wed, 11 Feb 2015 19:25:49 GMT

So its been a boring couple of days while i wait for my lastest and greatest card (venture) ...not really but i do get exited about new cards..

But today in the mail i got a pre appoval for a Credit one card platinum i believe which said up to 1.5k which it made me giggle at the spot. i shred the letter and went to Credit one website to check out their pre approvals page (yes very bored at this point)

and i was approved for a black card and a whooping $750 CL and a apr of 22%.

Credit one is a joke ha!

(i should have taken the offer lol )

just letting some rant out of me

Re: Credit one

Anonymous — Wed, 11 Feb 2015 19:52:15 GMT

Credit One should never appear in the "Credit Card Applications" forum.

Re: Credit one

Anonymous — Wed, 11 Feb 2015 20:14:40 GMT

?whats so bad about it do they scam people?

my cousin has one he started with 300 bucks is up to 500 lol

i kow it sucks because it looks bad but anay other reasons

Re: Credit one

Anonymous — Wed, 11 Feb 2015 20:15:02 GMT

whats so bad about it do they scam people?

my cousin has one he started with 300 bucks is up to 500 lol

i kow it sucks because it looks bad but anay other reasons

Re: Credit one

Anonymous — Wed, 11 Feb 2015 20:41:07 GMT

@Anonymous wrote:
whats so bad about it do they scam people?

my cousin has one he started with 300 bucks is up to 500 lol

i kow it sucks because it looks bad but anay other reasons

I think of them as being analogous to the "leech" remedies that charlatan doctors prescribed in the 18th century. At best, ineffectual and often doing more harm than good.

And yes, the choice of comparing Credit One to a leech was no accident.

Re: Credit one

Anonymous — Wed, 11 Feb 2015 20:46:24 GMT

I got the same offer but at 19.9

Re: Credit one

Anonymous — Wed, 11 Feb 2015 21:04:25 GMT

I am going to be the bad guy and say Credit One isn't all bad. Now yes, I know they charge fees for almost everything and have high rates, but they DO have their place and have helped me greatly. They gave me an unsecured card when others wouldn't even give me a secured card. Even if I could get a secured, at the time I didn't have $200-300 laying around for a deposit. I had a small limit of $300 and at 6 months they bumped me to $400...automatically, without having to pay a fee. At that same six month mark, much to my surprise, I was approved by Capital One not once, but twice, each at $1,000. That WOULD NOT have happened if not for Credit one. Now, will I keep the card much longer....heck no. But it does have its purpose for those of us who have made mistakes and I hate that those with "good" credit bash on it.

*end rant*

Re: Credit one

chalupaman — Wed, 11 Feb 2015 21:18:38 GMT

Credit One....even the name makes me cringe. You can tell by the name already it's a complete scam.

And the worst part is that my mom now has one of these junk cards, despite the fact she's already an AU on my Chase AARP.

Re: Credit one

Anonymous — Wed, 11 Feb 2015 21:29:45 GMT

@Anonymous wrote:
I am going to be the bad guy and say Credit One isn't all bad. Now yes, I know they charge fees for almost everything and have high rates, but they DO have their place and have helped me greatly. They gave me an unsecured card when others wouldn't even give me a secured card. Even if I could get a secured, at the time I didn't have $200-300 laying around for a deposit. I had a small limit of $300 and at 6 months they bumped me to $400...automatically, without having to pay a fee. At that same six month mark, much to my surprise, I was approved by Capital One not once, but twice, each at $1,000. That WOULD NOT have happened if not for Credit one. Now, will I keep the card much longer....heck no. But it does have its purpose for those of us who have made mistakes and I hate that those with "good" credit bash on it.

*end rant*

Agreed. But I also think that it should be dumped as soon as a card or two are acquired from a good issuer.

Re: Credit one

Anonymous — Wed, 11 Feb 2015 21:34:54 GMT

@Anonymous wrote:
@Anonymous wrote:
I am going to be the bad guy and say Credit One isn't all bad. Now yes, I know they charge fees for almost everything and have high rates, but they DO have their place and have helped me greatly. They gave me an unsecured card when others wouldn't even give me a secured card. Even if I could get a secured, at the time I didn't have $200-300 laying around for a deposit. I had a small limit of $300 and at 6 months they bumped me to $400...automatically, without having to pay a fee. At that same six month mark, much to my surprise, I was approved by Capital One not once, but twice, each at $1,000. That WOULD NOT have happened if not for Credit one. Now, will I keep the card much longer....heck no. But it does have its purpose for those of us who have made mistakes and I hate that those with "good" credit bash on it.

*end rant*

Agreed. But I also think that it should be dumped as soon as a card or two are acquired from a good issuer.

ABSOLUTELY! It isn't a long term card by any means.

And anyone getting a card from them should throughly research (as with any card), but a majority of complaints come from those who 1) don't need that card because they can get better or 2) those who got the card without paying attention to what it is. I researched the card prior and have been 100% satisfied with them.

Re: Credit one

Anonymous — Wed, 11 Feb 2015 21:52:34 GMT

@chalupaman wrote:
Credit One....even the name makes me cringe. You can tell by the name already it's a complete scam.

And the worst part is that my mom now has one of these junk cards, despite the fact she's already an AU on my Chase AARP.

im keep telling my cousin to use his capital one more often now that he has a $300 limit with them

Re: Credit one

Anonymous — Wed, 11 Feb 2015 21:53:28 GMT

@Anonymous wrote:
@Anonymous wrote:
I am going to be the bad guy and say Credit One isn't all bad. Now yes, I know they charge fees for almost everything and have high rates, but they DO have their place and have helped me greatly. They gave me an unsecured card when others wouldn't even give me a secured card. Even if I could get a secured, at the time I didn't have $200-300 laying around for a deposit. I had a small limit of $300 and at 6 months they bumped me to $400...automatically, without having to pay a fee. At that same six month mark, much to my surprise, I was approved by Capital One not once, but twice, each at $1,000. That WOULD NOT have happened if not for Credit one. Now, will I keep the card much longer....heck no. But it does have its purpose for those of us who have made mistakes and I hate that those with "good" credit bash on it.

*end rant*

Agreed. But I also think that it should be dumped as soon as a card or two are acquired from a good issuer.

what bothers me the most is the resemblance it has with cap 1 as far as the emblem goes

Re: Credit one

Anonymous — Wed, 11 Feb 2015 21:54:10 GMT

@Anonymous wrote:
I am going to be the bad guy and say Credit One isn't all bad. Now yes, I know they charge fees for almost everything and have high rates, but they DO have their place and have helped me greatly. They gave me an unsecured card when others wouldn't even give me a secured card. Even if I could get a secured, at the time I didn't have $200-300 laying around for a deposit. I had a small limit of $300 and at 6 months they bumped me to $400...automatically, without having to pay a fee. At that same six month mark, much to my surprise, I was approved by Capital One not once, but twice, each at $1,000. That WOULD NOT have happened if not for Credit one. Now, will I keep the card much longer....heck no. But it does have its purpose for those of us who have made mistakes and I hate that those with "good" credit bash on it.

*end rant*

Hey if they help you thats good stuff right there!

Re: Credit one

Anonymous — Wed, 11 Feb 2015 22:23:38 GMT

@sapingo that is another good point and is definitely shady. However, it reiterates my point, people just need to pay attention to what they are applying for. No different that if I, with my score in the low 600's, applies for a prime card without researching. Its only my fault that I get the denial.

Re: Credit one

Anonymous — Wed, 11 Feb 2015 23:09:04 GMT

True true!

@Anonymous wrote:
@Anonymous that is another good point and is definitely shady. However, it reiterates my point, people just need to pay attention to what they are applying for. No different that if I, with my score in the low 600's, applies for a prime card without researching. Its only my fault that I get the denial.

Re: Credit one

Anonymous — Thu, 12 Feb 2015 04:09:37 GMT

Not sure what all the fuss is about. The only complaints ive read were from people who didnt pay their bills on time. They gave me a card with a 400 limit when other people wouldn't deal with me. I called to cancel anyway and the cut the AF in half. Got 3 auto CLI @ $100 each(3 months). Then again, i never use the card. Especially since i have beter ones. I only have it for util purposes. I will cancel it before the AF hits again.

Re: Credit one

Anonymous — Thu, 12 Feb 2015 04:33:08 GMT

Got the preapproved app in the mail in the summer right after getting Capital One and Wal mart store card. I made a mistake thinking it was another Capital One app and sent it in.

Got a $400 limit and paid the annual fee and authorized user fee right away and they raised the limit to $600.

They don't report unmarried authorized users to the bureaus and charge interest immediately after making a purchase.

I won't be keeping this card after I pay it off in 2 months. With a $5000 Amex Costco card, a $3750 Platinum Capital One, $2000 on the Quicksilver card, $500 with BofA, $1500 at Bloomingdale's FNBO with $1300, Merrick with $1100 and a $500 Discover, why should we (mom wife and I) keep that card.

I definately won't be paying them $8.50 a month after my year is up just for the privilege of having their card.

If one has a FICO score of upper 500's or 600, yes take whatever card you can get and then move on when mainstream banks are ready to take a chance on you.

At some point we all are ready to let Credit One go.

Re: Credit one

Anonymous — Thu, 12 Feb 2015 05:44:17 GMT

@Anonymous wrote:
Got the preapproved app in the mail in the summer right after getting Capital One and Wal mart store card. I made a mistake thinking it was another Capital One app and sent it in.

Got a $400 limit and paid the annual fee and authorized user fee right away and they raised the limit to $600.

They don't report unmarried authorized users to the bureaus and charge interest immediately after making a purchase.

I won't be keeping this card after I pay it off in 2 months. With a $5000 Amex Costco card, a $3750 Platinum Capital One, $2000 on the Quicksilver card, $500 with BofA, $1500 at Bloomingdale's FNBO with $1300, Merrick with $1100 and a $500 Discover, why should we (mom wife and I) keep that card.

I definately won't be paying them $8.50 a month after my year is up just for the privilege of having their card.

If one has a FICO score of upper 500's or 600, yes take whatever card you can get and then move on when mainstream banks are ready to take a chance on you.

At some point we all are ready to let Credit One go.

good choice on getting rid of them.