topic Re: Credit One makes it difficult... in Credit Cards

Credit One makes it difficult...

AeroKrix — Wed, 29 Apr 2015 04:17:38 GMT

called again today hoping to close the card since my 6 month waived AF is ending and they again extended it for another 6 months. Have a had my Credit One since 2013 and only paid the AF one time, when I signed up for the card. I guess I really can't complain. Started at $300 CL and now at $1000 and only paid once at the beginning for a CLI. I guess they are waiting till I forget to call in and cancel my card so they can start charge an AF, maybe that's why they won't waive it indefinitely. But the moment they stop kissing my behind, you're fired, Credit One!

Re: Credit One makes it difficult...

Anonymous — Wed, 29 Apr 2015 04:29:44 GMT

they offered the same to me, but i cancelled anyway. They will always offer it. Keep in mind, however, they charge interest from day 1.

If you really don't need the card, I would cancel it. Otherwise, you're going to have to remember to call in every six months.

Re: Credit One makes it difficult...

Anonymous — Wed, 29 Apr 2015 04:33:34 GMT

At this point, I can't really get anything else so I will just leave it open. I will probably do the same as you before they start charging the annual fee.

Re: Credit One makes it difficult...

AeroKrix — Wed, 29 Apr 2015 04:39:52 GMT

@Anonymous wrote:
they offered the same to me, but i cancelled anyway. They will always offer it. Keep in mind, however, they charge interest from day 1.

If you really don't need the card, I would cancel it. Otherwise, you're going to have to remember to call in every six months.

Well to be fair, Credit One does make money off me. My Hulu subscription does go on my Credit One card. I guess I can part ways for that $1 min interest charge. Sadly, this is one of my oldest, active CC's.

Re: Credit One makes it difficult...

DeeBee78 — Thu, 30 Apr 2015 06:27:03 GMT

I too had a CreditOne card until very recently. Had the limit up to $800 before I closed the account last month. I only kept it around because it was a decent chunk of my total credit limits, which were somewhere aroun $2200 before I discovered these forums.

But you... You have tons of available credit in other cards, and this accounts for less than 3% of your credit listed lines. Even though there's no AF at the momet, it's still not worth keeping around. You don't need it anymore, so dump it!

Re: Credit One makes it difficult...

northface28 — Thu, 30 Apr 2015 06:29:16 GMT

Id dump these leeches post haste.

Re: Credit One makes it difficult...

Anonymous — Thu, 30 Apr 2015 06:50:26 GMT

Kick it to the curb!

Re: Credit One makes it difficult...

AeroKrix — Thu, 30 Apr 2015 07:13:22 GMT

@DeeBee78 wrote:
I too had a CreditOne card until very recently. Had the limit up to $800 before I closed the account last month. I only kept it around because it was a decent chunk of my total credit limits, which were somewhere aroun $2200 before I discovered these forums.

But you... You have tons of available credit in other cards, and this accounts for less than 3% of your credit listed lines. Even though there's no AF at the momet, it's still not worth keeping around. You don't need it anymore, so dump it!

I'm waiting for my reports to refresh in May and hopefully apply for some nice CLI's. Right now, I'm sitting at exactly 5% overall UTL. For the past 5 months, I been hovering around 20-30%. So once my new balances report, I should see a nice score jump and apply for those CLI's. Then, quickly turn around and dump Credit One. Unfortunately, I believe in not closing any cards without either replacing the limit through CLI or a new card. Even though that loss of $1k credit is small in the grand scheme of things, I always want to keep upping my overall limit and nevet do anything that would decrease it. I hope that makes any sense lol