topic Re: Credit One Bank Card Activiated! in Credit Cards

Credit One Bank Card Activiated!

Anonymous — Thu, 13 Dec 2012 21:03:37 GMT

Just got my credit one bank card in the mail! 300 limit and 75 dollar annual fee already on the card! Yessssss
Oh we'll this will be a sock drawer card for me and I heard it is a good credit rebuilding card. It's my first unsecured and hopefully after a year I can drop it like it's hot and get Barclay or AMEX. The credit one card comes with a free monthly experian score though. I'm cool with that! Anybody have any rebuilding success stories with credit one?

I will keep this posted updated with any progress I have

Re: Credit One Bank Card Activiated!

Jutz — Thu, 13 Dec 2012 02:44:45 GMT

@Anonymous wrote:
Just my credit one bank cad in the mail! 300 limit and 75 dollar annual fee already on the card! Yessssss
Oh we'll this will be a sock drawer card for me and I heard it is a good credit rebuilding card. It's my first unsecured and hopefully after a year I can drop it like it's hot and get Barclay or AMEX. The credit one card comes with a free monthly experian score though. I'm cool with that! Anybody have any rebuilding success stories with credit one?

Does it come with credit monitoring along with the score? That would probably be more helpful than the score itself

Re: Credit One Bank Card Activiated!

Anonymous — Thu, 13 Dec 2012 03:27:27 GMT

Yea it does! It was the best sub-prime card I found after extensive review searching. I probably could have got a better card but I did not want anymore hard inquiries. Got four within a year and I was pre approved for this one. I will let everyone know how it affects my credit overtime

Re: Credit One Bank Card Activiated!

Rhaeny — Thu, 13 Dec 2012 03:29:16 GMT

@Jutz wrote:
@Anonymous wrote:
Just my credit one bank cad in the mail! 300 limit and 75 dollar annual fee already on the card! Yessssss
Oh we'll this will be a sock drawer card for me and I heard it is a good credit rebuilding card. It's my first unsecured and hopefully after a year I can drop it like it's hot and get Barclay or AMEX. The credit one card comes with a free monthly experian score though. I'm cool with that! Anybody have any rebuilding success stories with credit one?
Does it come with credit monitoring along with the score? That would probably be more helpful than the score itself

It just shows a score and not any monitoring included...so it's useless because its FAKO. Also make your payments from your bank and not online at Credit One. They charge a fee I believe for payments made at their website.

As for using the card, I never had any issues with it because I PIF each month. It wasn't until AFTER I got the card I realized that it was a sub-prime card. I will close out the account before the AF hits as I don't need it anymore. The weird thing is that a few months after getting the card I was able to get a lot of new credit. So I'm not mad at them because in all likelihood they helped me, but I will not be paying them anymore fees so they will have to go.

Re: Credit One Bank Card Activiated!

Anonymous — Thu, 13 Dec 2012 03:37:21 GMT

I understand. Like I said I'm rebuilding and hoping this helps me out. I heard they are fairly generous with CL increases. The credit score I heard is legit and I use creditkarma for monitoring so thats okay. As far as the annual fee I'm okay with it for now they gave me a chance and I wouldn't be surprised if I could have them drop the AF to keep me around!? Thanks for your comments

Re: Credit One Bank Card Activiated!

Anonymous — Thu, 13 Dec 2012 03:39:51 GMT

I will link my checking account to make payments if that's what you mean. Thanks for the heads up

Re: Credit One Bank Card Activiated!

ds3 — Thu, 13 Dec 2012 03:42:19 GMT

Congrats! I know the feeling of finally get a preapproval...I got this card last month, and jumped on it. Don't let others rain on your parade...it's a rebuilder, and it will get you where you're heading. I PIF last week, and there was no charge for paying through their website.

Re: Credit One Bank Card Activiated!

Rhaeny — Thu, 13 Dec 2012 03:44:51 GMT

@Anonymous wrote:
I understand. Like I said I'm rebuilding and hoping this helps me out. I heard they are fairly generous with CL increases. The credit score I heard is legit and I use creditkarma for monitoring so thats okay. As far as the annual fee I'm okay with it for now they gave me a chance and I wouldn't be surprised if I could have them drop the AF to keep me around!? Thanks for your comments

The score that they show you is a FAKO so don't be fooled. There is nothing legit about that score. You cannot use that score to determine any creditworthiness at all. The only place to get your real EX score is from a lender pull or if you have a bank account with PSECU. Other than that you don't know it. Credit Karma, Credit Seasame, Quizzle, etc. are all FAKO scores. If the score doesn't implicitly state that is is FICO then I am afraid that it is not.

Re: Credit One Bank Card Activiated!

Anonymous — Thu, 13 Dec 2012 03:47:03 GMT

That's great news! We are on our way. Good to know there isn't a charge for paying on the site. Everything looks proper to me. Did your credit score update on the site? It says it takes a while

Re: Credit One Bank Card Activiated!

Anonymous — Thu, 13 Dec 2012 03:50:15 GMT

I have my fico from a recent pull from capital one so I will compare and update. Most fako I have seen have been within 10 points or so. Except for my expperian plus score. It says I have a 717!

Re: Credit One Bank Card Activiated!

Rhaeny — Thu, 13 Dec 2012 03:59:01 GMT

@ds3 wrote:
Congrats! I know the feeling of finally get a preapproval...I got this card last month, and jumped on it. Don't let others rain on your parade...it's a rebuilder, and it will get you where you're heading. I PIF last week, and there was no charge for paying through their website.

No one is trying to rain on someone elses parade and I'm not sure how you came to that conclusion. Everything I said about the card was positive and that it probably helped me in building my credit, but since there is an AF that I will close the account when the year is up. You consider that raining on someone's parade?

Back to the topic....I had to remember what I didn't like about their online payment system. First there is a fee for the express payment in case you need to make a payment that day (like if you forgot to make your payment). Secondly, when I made a regular payment (no fee) using their online service it took some days for it to post and open up that available credit again. I can't exactly recall the days but I think it was more than 4 or 5 days. From that point forward I used my own banking bill pay and as soon as the payment hits Credit One my available credit opened back up.

Re: Credit One Bank Card Activiated!

Anonymous — Thu, 13 Dec 2012 04:05:31 GMT

Interesting. I have online bill pay with wells Fargo so I may use that if I need to use a quick pay. Not trying to use this card much I have two secured cards one with capital one ans wells Fargo that I use mostly. Im sure you appreciated credit one for giving you the opportunity to rebuild. Did your score increase with using them? I would talk to CSR about waving the annual fee. I'm sure they would work with you because closing an aged account can hurt your score

Re: Credit One Bank Card Activiated!

Sparkz1920 — Thu, 13 Dec 2012 20:06:55 GMT

@Anonymous wrote:
Yea it does! It was the best sub-prime card I found after extensive review searching. I probably could have got a better card but I did not want anymore hard inquiries. Got four within a year and I was pre approved for this one. I will let everyone know how it affects my credit overtime

No Lie...I agree. I have not had one issue with them and they do give CLI's as well. just for a fee...as expected.

Hoenslty, I never had an issue with FP either. It was just their time and no more fees.

Re: Credit One Bank Card Activiated!

Sparkz1920 — Thu, 13 Dec 2012 20:10:23 GMT

@Rhaeny wrote:
@ds3 wrote:
Congrats! I know the feeling of finally get a preapproval...I got this card last month, and jumped on it. Don't let others rain on your parade...it's a rebuilder, and it will get you where you're heading. I PIF last week, and there was no charge for paying through their website.
No one is trying to rain on someone elses parade and I'm not sure how you came to that conclusion. Everything I said about the card was positive and that it probably helped me in building my credit, but since there is an AF that I will close the account when the year is up. You consider that raining on someone's parade?

Back to the topic....I had to remember what I didn't like about their online payment system. First there is a fee for the express payment in case you need to make a payment that day (like if you forgot to make your payment). Secondly, when I made a regular payment (no fee) using their online service it took some days for it to post and open up that available credit again. I can't exactly recall the days but I think it was more than 4 or 5 days. From that point forward I used my own banking bill pay and as soon as the payment hits Credit One my available credit opened back up.

That might have changed because since dealint with Citi and their stupid bill pay....it didnt clear on 12/1 when i submitted it for 11/30....Some payments went through on 11/30 and i was able to check my creditors sites to see if the payments posted. Credit One from Citi took about 4 days i believe...so i had to make a payment through their site and it was no fee

The express pay is to have your credit line restored. I didnt need that, i just wanted to pay the darn thing.

Re: Credit One Bank Card Activiated!

Anonymous — Thu, 13 Dec 2012 20:27:51 GMT

Sparkz. Did you score pop-up when you started use this credit one card. How did it help improvement wise and what other cards do you have because of it?

Re: Credit One Bank Card Activiated!

Sparkz1920 — Thu, 13 Dec 2012 20:34:06 GMT

@Anonymous wrote:
Sparkz. Did you score pop-up when you started use this credit one card. How did it help improvement wise and what other cards do you have because of it?

At the time i had C1...Cap 1 Citi Secured and FP...with use of all of those my score def went up. Think i started at like a 580 then to a 660 when i got my car a few years back

Now im back at 662....Its the inquiries im sure and one baddie that is paid and will fall off in mid 2014...

Re: Credit One Bank Card Activiated!

ds3 — Thu, 13 Dec 2012 20:37:21 GMT

@Rhaeny wrote:
@ds3 wrote:
Congrats! I know the feeling of finally get a preapproval...I got this card last month, and jumped on it. Don't let others rain on your parade...it's a rebuilder, and it will get you where you're heading. I PIF last week, and there was no charge for paying through their website.
No one is trying to rain on someone elses parade and I'm not sure how you came to that conclusion. Everything I said about the card was positive and that it probably helped me in building my credit, but since there is an AF that I will close the account when the year is up. You consider that raining on someone's parade?

I wasn't insinuating that YOU were raining on the OP's parade, and apologize if it struck you that way. When I posted last month about getting this card, there were a couple of really condescending comments that were made towards me, and I was just trying to encoure the OP to be happy about getting the preapproval because I know what it means to finally get one. I also plan to close this card before paying another AF, but in the meantime, I will use it and PIF each month.

Re: Credit One Bank Card Activiated!

Anonymous — Thu, 13 Dec 2012 20:38:22 GMT

Im in the same position you were in. I have Cap 1 secured, Wells Fargo Secured, and Credit 1 unsecured. At the beginning of the year I plan on getting a car loan to help revolving credit. If I get approved atleast. Did the car loan give you a push?

Re: Credit One Bank Card Activiated!

AF_23 — Thu, 13 Dec 2012 20:51:19 GMT

Have you tried Capital 1 ? Just so you can avoid fees if you need another card

Re: Credit One Bank Card Activiated!

Anonymous — Thu, 13 Dec 2012 20:56:14 GMT

Yea they are the reason why I turned to Credit One. I was denied for the "Fair Credit" Capital One Rewards Card, even though I have had their secured card for a year, they still declined me! Very irritating