topic Re: Credit One Offer in Credit Cards

Credit One Offer

ecxpa — Wed, 03 Sep 2014 22:27:49 GMT

Got a Credit One Visa offer in the mail today offering a CL up to 1500. I have an old Credit One acct whic was one of my first rebuilding cards and I just keep it around to remind me where I started from. I wouldn't mind having another 1.5K card but I don't want a 500 card. Anybody else get this offer in the mail and if so what was your CL.?

Re: Credit One Offer

Involver — Wed, 03 Sep 2014 22:34:44 GMT

Don't do it.

Re: Credit One Offer

Creditaddict — Wed, 03 Sep 2014 22:37:52 GMT

@ecxpa wrote:
Got a Credit One Visa offer in the mail today offering a CL up to 1500. I have an old Credit One acct whic was one of my first rebuilding cards and I just keep it around to remind me where I started from. I wouldn't mind having another 1.5K card but I don't want a 500 card. Anybody else get this offer in the mail and if so what was your CL.?

if you keep 1 around to remember where you have been then why would you go back with a 2nd one!!! are you kidding me.

Re: Credit One Offer

CreditMagic7 — Wed, 03 Sep 2014 22:41:42 GMT

Sound advice would be to dismiss it as if it never was there. Really!

Re: Credit One Offer

B335is — Wed, 03 Sep 2014 23:09:51 GMT

I wouldnt do it just to keep the Credit One blemish off my CR. I wish I could dispute it off.

Re: Credit One Offer

MrCredit — Wed, 03 Sep 2014 23:44:58 GMT

+1. Don't do it. The fees must be horrible.

Re: Credit One Offer

chalupaman — Thu, 04 Sep 2014 00:13:37 GMT

Credit One sounds like a waste of time to me unless you're still rebuilding. I wouldn't bother even if they gave me a 10k limit cause there's no way I'd put up with their fees. Get something way better instead like a prime card and dump the Credit One card you already have ASAP.

Re: Credit One Offer

Anonymous — Thu, 04 Sep 2014 00:47:52 GMT

Dont do it. I got this same letter in the mail. It immediately found it's way in to my garbage. Correct me if I'm wrong but iirc, they charge a one time activation fee on top of the first years annual fee right up front. After the first year they break up you annual fee in to monthly charges of up to $8 depending on the card. Which could come out to an extra $96 dollars a year. If the card you're still holding on to is active, you may want to check the balance if you haven't in a while.

I wouldn't even rebuild with this card. They're right up there with first premier.

Re: Credit One Offer

Anonymous — Thu, 04 Sep 2014 01:01:38 GMT

@ecxpa wrote:
Got a Credit One Visa offer in the mail today offering a CL up to 1500. I have an old Credit One acct whic was one of my first rebuilding cards and I just keep it around to remind me where I started from. I wouldn't mind having another 1.5K card but I don't want a 500 card. Anybody else get this offer in the mail and if so what was your CL.?

Yes, don't do it bro. Take some time off and let those inquiries fall off, pay down those balances, and let AAoA grow. If you can just hold off the temptation of instant gratification, get a card with a $5-10k+ CL.

Re: Credit One Offer

ecxpa — Thu, 04 Sep 2014 01:21:34 GMT

@chalupaman wrote:
Credit One sounds like a waste of time to me unless you're still rebuilding. I wouldn't bother even if they gave me a 10k limit cause there's no way I'd put up with their fees. Get something way better instead like a prime card and dump the Credit One card you already have ASAP.

just ripped up the offer. Some improvement though when compared to my old card which evidently has a $96 AF as I get billed 8.00 a month, and I do plan to cancel it; I have been paying a couple small items with the card just need to get them changed to a different card. The new card had a $45 AF and no other fees which I think would be a good rebuilder card, APR 19.90. I don't think they are much worse than a Cap 1 QS One.

I do have numberous prime cards including Chase, Discover, USAA, Barclays, Wells Fargo, an array of Synchrony cards including Walmart and Sams Club store cards, just got the new Sams Club MC yesterday, waiting on the Walmart MC, (still have the old Discover), have Ebay and Ebates siggy. Don't really need any more credit. I'm well over 100K in credit lines with 7% utilization

Re: Credit One Offer

jamesdwi — Fri, 05 Sep 2014 04:31:46 GMT

@ecxpa wrote:
Got a Credit One Visa offer in the mail today offering a CL up to 1500. I have an old Credit One acct whic was one of my first rebuilding cards and I just keep it around to remind me where I started from. I wouldn't mind having another 1.5K card but I don't want a 500 card. Anybody else get this offer in the mail and if so what was your CL.?

everytime, I get a Credit One, or First Premie offer, I remember how much I need to stay in the garden and pay down my UTL, its an insult and a reminder of where I don't want to be, hopefully in 2 months when my newest card will be 6 months old, and I get my UTL under 20%, I will start getting offers that don't feel so insulting.

Re: Credit One Offer

joedtx — Fri, 05 Sep 2014 05:18:45 GMT

@jamesdwi wrote:
@ecxpa wrote:
Got a Credit One Visa offer in the mail today offering a CL up to 1500. I have an old Credit One acct whic was one of my first rebuilding cards and I just keep it around to remind me where I started from. I wouldn't mind having another 1.5K card but I don't want a 500 card. Anybody else get this offer in the mail and if so what was your CL.?
everytime, I get a Credit One, or First Premie offer, I remember how much I need to stay in the garden and pay down my UTL, its an insult and a reminder of where I don't want to be, hopefully in 2 months when my newest card will be 6 months old, and I get my UTL under 20%, I will start getting offers that don't feel so insulting.

Doe's everyone including prime credit score members get these same offers? It just seems like Credit One and Premier send these out to everyone out there? I just figured they targeted only subprime since it would match up with their business model.

Re: Credit One Offer

jamesdwi — Fri, 05 Sep 2014 05:52:49 GMT

@joedtx wrote:
@jamesdwi wrote:
@ecxpa wrote:
Got a Credit One Visa offer in the mail today offering a CL up to 1500. I have an old Credit One acct whic was one of my first rebuilding cards and I just keep it around to remind me where I started from. I wouldn't mind having another 1.5K card but I don't want a 500 card. Anybody else get this offer in the mail and if so what was your CL.?
everytime, I get a Credit One, or First Premie offer, I remember how much I need to stay in the garden and pay down my UTL, its an insult and a reminder of where I don't want to be, hopefully in 2 months when my newest card will be 6 months old, and I get my UTL under 20%, I will start getting offers that don't feel so insulting.

Doe's everyone including prime credit score members get these same offers? It just seems like Credit One and Premier send these out to everyone out there? I just figured they targeted only subprime since it would match up with their business model.

depends on what they are looking for, they may request a list of people that have a sub 675 fico score. Or people with one or more credit cards over 80% UTL, just as AMEX may request a list of people that have a credit card on there report that has over 3k limit and no INQ's in the last 6 months, the Credit reporting agencies are happy to give a list of people that meet the requirements specified. For a small fee per adress probably less than a nickle per address.

Re: Credit One Offer

PedrokiPR — Fri, 05 Sep 2014 07:04:04 GMT

Starting it all depends on your credit report. I got this card for 500 CL and 17.90% with a 35 annual fee. The annual fee is not splitted monthly like the other because the annual fee is low. Go to the pre-qualify and check which one you qualify for. If you get one with a higher annual fee. Do not apply because you will pay the annual fee monthly after the first year. I had one that had 99 annualy fee. I canceled after a year and then got approved for the one with lower annual fee. 35 dollars I don't mind it. They were the first one to give me an unsecured credit card so I apprecciate it from them. So that is why I don't mind having it on my credit. I have never had any issues with their fees. I always have it with 0 balance at the end of the billing statement and I pay no fees. Just the annual fee. That's my opinion.

Re: Credit One Offer

Anonymous — Fri, 05 Sep 2014 14:36:07 GMT

I agree with this, i think its sent out to people like me who are rebuilding and well desperate, i got c1 about 18months ago when my fico was 554 for a 300 limit its up to 750 now and fico is around 600ish i just got a premier in the mail yesterday pre app for 500, 36% which is nuts and threw it away. I got a Cap 1 quicksilver last month for 300 so im not my way to decent cards just gotta be patient for 6more months and get that score up and Utl down.

Re: Credit One Offer

jim44 — Thu, 02 Oct 2014 16:43:47 GMT

I've been receiving these offers from Credit One for over 4 years now. They have always been the same.....ridiciously high apr along with a low CL, with set up fees and a $79-$99 AF billed monthly. Yesterday I received an offer and actually opened it for laughs. This offer was for a 0% interest promotional period then 19.99% after. AF is $19 with a $1500 credit line and 1% back on purchases. This beats a C1 card I have but the kicker is there is no grace period. So what is point of earning 1% even if you PIF each month?

Re: Credit One Offer

jamesdwi — Thu, 02 Oct 2014 17:00:35 GMT

@ecxpa wrote:
@chalupaman wrote:
Credit One sounds like a waste of time to me unless you're still rebuilding. I wouldn't bother even if they gave me a 10k limit cause there's no way I'd put up with their fees. Get something way better instead like a prime card and dump the Credit One card you already have ASAP.

just ripped up the offer. Some improvement though when compared to my old card which evidently has a $96 AF as I get billed 8.00 a month, and I do plan to cancel it; I have been paying a couple small items with the card just need to get them changed to a different card. The new card had a $45 AF and no other fees which I think would be a good rebuilder card, APR 19.90. I don't think they are much worse than a Cap 1 QS One.

I do have numberous prime cards including Chase, Discover, USAA, Barclays, Wells Fargo, an array of Synchrony cards including Walmart and Sams Club store cards, just got the new Sams Club MC yesterday, waiting on the Walmart MC, (still have the old Discover), have Ebay and Ebates siggy. Don't really need any more credit. I'm well over 100K in credit lines with 7% utilization

if you want more credit, call up credit solution, ask them to double your CL on your Walmart card or Sam's club card or ebay.... don't saddle your self with a credit one card, you made it to primeville, this is where the good boys and girls live, who only apply for credit 1-2 cards per year with 6 months in-between. For your part you will be rewarded with starting limits that exceed your monthly gross, perhaps 2-3x monthly gross. Signing bonuses to carrying a card for a year and using it, perhaps enough to have a weekend getaway with a spouse. When you do pay a AF, it gets you something valuable in return, its not just because they gave you credit and you get to pay back 1/2 of your CL in fee's each year.

You have a nice line up of cards, grow those relationships and they will grow your CL's. Soon you will see a card will only start you with a 1.5k limit and scoff, what good is that, using 10% of my CL because I went to a nice dinner is no fun those days are gone.

Re: Credit One Offer

taxi818 — Thu, 02 Oct 2014 18:07:45 GMT

@ecxpa wrote:
Got a Credit One Visa offer in the mail today offering a CL up to 1500. I have an old Credit One acct whic was one of my first rebuilding cards and I just keep it around to remind me where I started from. I wouldn't mind having another 1.5K card but I don't want a 500 card. Anybody else get this offer in the mail and if so what was your CL.?

It tells you o. Offer. That is max and most won't get. Most likely 300

Re: Credit One Offer

debtfighter — Fri, 10 Oct 2014 16:40:29 GMT

I have a fico score of 590. dont have any credit cards. have a few dings on credit report but all are paid. cant seem to get them off. these items are not due to fall off until 2016. need to get my score up. got a credit one pre-approved offer in mail. does anyone think I should get card to get my score up? I'm buying a car in spring and want to get my score up so my finance rate is lower. want to apply for better cards but I don't think I will get approved for anything yet.

Re: Credit One Offer

SusieQ — Fri, 10 Oct 2014 16:42:37 GMT

Run far away from Credit One!!!!!!!

Pay off balances and keep one with under 9% utilization.

Keep GWing the baddies, you might get some success still.