topic Re: Credit One in Credit Cards

Credit One

heavenli — Wed, 19 Feb 2014 19:57:53 GMT

Hello,

I went to see last week if I had a prequalification from them and I didn't. Should I apply? Or should I take that as a denial? It was a soft pull they said that will not affect my credit.Is there a recon number?

Thanks,

Re: Credit One

gdale6 — Wed, 19 Feb 2014 20:48:15 GMT

@heavenli wrote:
Hello,

I went to see last week if I had a prequalification from them and I didn't. Should I apply? Or should I take that as a denial? It was a soft pull they said that will not affect my credit.Is there a recon number?

Thanks,

I would not apply for such a card unless you are rebuilding.

Re: Credit One

heavenli — Wed, 19 Feb 2014 20:58:44 GMT

I am rebuilding

Re: Credit One

starry1 — Wed, 19 Feb 2014 21:02:35 GMT

I wouldn't recommend applying without the pre approval. It will most likely be a wasted inquiry.

Re: Credit One

yudeology101 — Wed, 19 Feb 2014 21:02:40 GMT

@heavenli wrote:
I am rebuilding

If you don't mind paying higher interest rate fees + AF divided monthly, then go for it. However, I would first look at Cap1 or BOA 123 secured first.

Re: Credit One

heavenli — Wed, 19 Feb 2014 21:47:40 GMT

I actually don't think I need it I was just approved for a Capital One

Re: Credit One

efranklin23 — Thu, 20 Feb 2014 00:14:54 GMT

@heavenli wrote:
I actually don't think I need it I was just approved for a Capital One

As said before, unless you have bad credit and trying to build real credit, AVOID THIS CARD! based ont he fact you have a Cap1 card, you should definitely stay away from this card. Just build credit up with the current card (at least 6 months) and then app for some nice cards ( Discover, Chase, Citi, BofA, and etc.)

Re: Credit One

BarryNTexas — Thu, 20 Feb 2014 02:43:59 GMT

If your CapOne is an old orchard bank then maybe consider a secured card route. Been there done that... served a purpose of course.

Re: Credit One

Anonymous — Thu, 20 Feb 2014 02:48:25 GMT

@heavenli wrote:
Hello,

I went to see last week if I had a prequalification from them and I didn't. Should I apply? Or should I take that as a denial? It was a soft pull they said that will not affect my credit.Is there a recon number?

Thanks,

I would avoid these people like the plague.

Check out the Rebuilding your credit sub forum. Post what you have currently on your credit reports: Open / Closed accounts, Negatives, Positives, Average Age of Accounts, and Inquiries.

Perhaps we can help lead you in a better direction.

Re: Credit One

-Wade- — Thu, 20 Feb 2014 02:52:51 GMT

@Anonymous wrote:
@heavenli wrote:
Hello,

I went to see last week if I had a prequalification from them and I didn't. Should I apply? Or should I take that as a denial? It was a soft pull they said that will not affect my credit.Is there a recon number?

Thanks,

I would avoid these people like the plague.

Check out the Rebuilding your credit sub forum. Post what you have currently on your credit reports: Open / Closed accounts, Negatives, Positives, Average Age of Accounts, and Inquiries.

Perhaps we can help lead you in a better direction.

I have to agree, they are nothing but crooks

Re: Credit One

-Wade- — Thu, 20 Feb 2014 02:53:40 GMT

@heavenli wrote:
I actually don't think I need it I was just approved for a Capital One

Great choice and Congrats on your approval

Re: Credit One

SunriseEarth — Thu, 20 Feb 2014 06:53:59 GMT

@heavenli wrote:
I actually don't think I need it I was just approved for a Capital One

Good stuff!

My Credit One is on the chopping block. Right after my planned spree in about two weeks, I'm closing my Credit One account.

Re: Credit One

heavenli — Thu, 20 Feb 2014 08:12:19 GMT

great thank you.No not an Orchard Card...just approved today...

Re: Credit One

heavenli — Thu, 20 Feb 2014 08:13:23 GMT

Amazing feedback guys! thank you soo much!

Re: Credit One

yudeology101 — Thu, 20 Feb 2014 08:16:36 GMT

WTG Congrats on your approval! Welcome to Cap1 family!!

Re: Credit One

Anonymous — Thu, 20 Feb 2014 11:32:41 GMT

If you got approved for a Capital One then there is no need for you to apply for Credit One they will give you a low limit credit line and it won't increase much and there interest and Annual fee is high, I've had them for 7 months and just got an increase now it's $500 , the capital One has credit steps program after a few months of payments will increase your limits

Re: Credit One

Peter1142 — Thu, 20 Feb 2014 13:25:55 GMT

Capital One is a better place for rebuilders unless your credit is truly awful and you don't want to go the secured route. You could do much worse than Credit One.. like First Premier. They send you a maxed out credit card. My Credit One card had lame limits and was pretty heavy on fees, but it served it's purpose and considering my credit when I got the card, I have no complaints. But I am happy to trade it in this week.

Re: Credit One

Anonymous — Thu, 20 Feb 2014 13:40:03 GMT

glad the OP got an approval for Cap 1 instead. Doesn't Credit One charge you to make payments, and charge you to increase your credit limit? (on top of the other daily, montly, annual fees?)

Re: Credit One

Peter1142 — Thu, 20 Feb 2014 13:55:36 GMT

I pay $99 yearly, they charge $10 for $250 CLIs every 4 months, and if you want payments to be reflected in available credit immediately, you.pay extra, but I have not needed this.

It could be much worse.

But Cap1 is much better and their bottom tier card is not hard to obtain.

Re: Credit One

heavenli — Thu, 20 Feb 2014 17:05:17 GMT

WOW.. That's insane