topic Re: LOL Credit One in Credit Cards

LOL Credit One

injustifiiable — Tue, 28 Aug 2012 01:33:03 GMT

I love you guys already!

Not only do I get the card, I also get a statement with the annual fee already posted! It's since reported to CRAs...bastids...I wanted to pay you off so it'd report zero!

I'll pay the $75...but you'll be joining the party in my sock drawer! The only action you'll be getting is my $7.99 a month Hulu Plus subscription! lol.

Re: LOL Credit One

Anonymous — Tue, 28 Aug 2012 02:01:12 GMT

not necessarily true.they also charge interest from the first day on any charges.

Re: LOL Credit One

injustifiiable — Tue, 28 Aug 2012 02:04:30 GMT

@Anonymous wrote:
not necessarily true.they also charge interest from the first day on any charges.

if I read the paperwork right, they don't do this for the first year...since the CL is less than $400.

I don't plan on using it at all so I'm not really concerned about interest.

Re: LOL Credit One

Isanham — Tue, 28 Aug 2012 02:14:08 GMT

Yes, overpay your $75 by some amount to overcome the interest you will get charged. I overpaid last month, but it wasn't quite enough as my $1.75CR balance turned to $1.75 on statement day with interest tacked on. I sent $2.75 by online bill pay immediately when the statement cut this month. Hopefully, it'll finally report a zero.

My favorite part of this card is that I got my first statement with my AF already charged to me almost a week before the card arrived. I probably spent an hour on the phone in an effort to push the fee back another month. I knew it was going nowhere with those guys, but I had an hour to burn and I figured even cheap call center labor must cost that company something.

I have to give them some credit for trying to throw me a bone, though. The guy did offer to let me make a payment by phone, for a fee.

LOL Credit One is right, I'm taking the advice I got from another thread and axing this card soon.

Re: LOL Credit One

Razeus — Tue, 28 Aug 2012 02:41:17 GMT

I'm so glad my sub prime days are behind me. I just need to keep it that way.

I checked out the Credit One website for kicks. Capital One should sue them - that logo is damn near identical.

Re: LOL Credit One

LS2982 — Tue, 28 Aug 2012 10:05:02 GMT

@Razeus wrote:
I'm so glad my sub prime days are behind me. I just need to keep it that way.

I checked out the Credit One website for kicks. Capital One should sue them - that logo is damn near identical.

I've been very curious why they already haven't done so, they have to be related.

Re: LOL Credit One

rckstrscott — Tue, 28 Aug 2012 10:08:54 GMT

@LS2982 wrote:
@Razeus wrote:
I'm so glad my sub prime days are behind me. I just need to keep it that way.

I checked out the Credit One website for kicks. Capital One should sue them - that logo is damn near identical.

I've been very curious why they already haven't done so, they have to be related.

Yeah credit one is a joke -- if you SD it, after one year, don't worry about your HULU, they will charge you 9.25 a month as your annual fee spread out... lol

I axed this card last month.. goood riddance!

-scott

Re: LOL Credit One

webhopper — Tue, 28 Aug 2012 12:25:17 GMT

Good riddance to credit one!

Re: LOL Credit One

mmmagique — Tue, 28 Aug 2012 13:42:51 GMT

I received a pre-approval in the mail through Credit One, and thought it was from Capital One. I apped at Capital One, and didn't get approved because I already have two cards with them. That's when I realized what Credit One is doing. Capital One really should do something about this.

Re: LOL Credit One

rckstrscott — Tue, 28 Aug 2012 14:06:22 GMT

@mmmagique wrote:
I received a pre-approval in the mail through Credit One, and thought it was from Capital One. I apped at Capital One, and didn't get approved because I already have two cards with them. That's when I realized what Credit One is doing. Capital One really should do something about this.

I don't thnk there is anything that can be done about their logo. I mean, its similar but its clearly different from a logo standpoint.. It's deceptive, and potentiallu unethical but I don't see what Capital One can do about it.. I don't see anything illegal about it.. Look at the grocery store.. chaulk full will logos to convince you that you are buying a similar product to a name brand..

The onus is on you, the consumer, it know what you are apping for regardless of how similar the logo is.. the preapproval would have told you where to go to accept the preapproval, and it would have given you a code to use.. if the preapproval code didn't work on Cap1, why would you proceed? Seems to me you didn't do you due dilligence, IMO..

-scott

Re: LOL Credit One

lithium78 — Tue, 28 Aug 2012 15:29:02 GMT

I had a Credit One card while I was rebuilding. At the time, it was acceptable as a bottom of the barrel card, since they gave free CLIs. After the CARD Act passed, however, they started charging $19.95 per CLI to make up for the fact that they couldn't charge for online payments anymore. (Of course, I avoided the online payment charge by paying-by-mail.) I'm so glad those days are behind me. Keep up the good work and, before you know it, you'll have this card in your rearview mirror as well.

Re: LOL Credit One

nicholasyud — Tue, 28 Aug 2012 15:35:56 GMT

@injustifiiable wrote:
I love you guys already!

Not only do I get the card, I also get a statement with the annual fee already posted! It's since reported to CRAs...bastids...I wanted to pay you off so it'd report zero!

Make sure you check your bill monthly otherwise they might charge for some stupid crap.....Its a Cap one + Credit one = Crappie One........They probably brother and sister......

Re: LOL Credit One

Anonymous — Tue, 28 Aug 2012 15:45:50 GMT

if you do a little research you will actually find that credit one is owned by a collection agency... it's one of my first credit cards, i called to cancel it last week and they waived the annual fee for a year... i guess i'll keep it to have the extra 1200 in available credit

Re: LOL Credit One

nicholasyud — Tue, 28 Aug 2012 23:26:19 GMT

@Anonymous wrote:
if you do a little research you will actually find that credit one is owned by a collection agency... it's one of my first credit cards, i called to cancel it last week and they waived the annual fee for a year... i guess i'll keep it to have the extra 1200 in available credit

interesting what collection you talking about ?

Re: LOL Credit One

Anonymous — Tue, 28 Aug 2012 23:28:20 GMT

Sherman Financial Group, LLC.

Re: LOL Credit One

Anonymous — Wed, 29 Aug 2012 00:50:40 GMT

I wasn't pre-approved on theit website until recently, luckily got approved at NFCU and came to my senses before I took it lol

Re: LOL Credit One

mmmagique — Wed, 29 Aug 2012 02:22:06 GMT

Well Scott, I agree. But if someone is sending me something from what looks like one of my banks, (let's say 5/3, but they use 5/2 and look a lot like 5/3) you can bet they are trying to profit off of the other companie's success. There have been big law suits (won) from that kind of behaviour.

Re: LOL Credit One

Anonymous — Wed, 12 Dec 2012 19:23:58 GMT

I am very interested in how you have such high credit limits on CC's. I started with scores way higher and my CL's are 400, 300, 250 : /

Good job. Can you give me some advice ha

Re: LOL Credit One

Anonymous — Wed, 12 Dec 2012 19:24:58 GMT

@ Razeus

Re: LOL Credit One

Anonymous — Wed, 12 Dec 2012 19:42:48 GMT

There logo looks so similar to Capital 1