topic Re: Credit One pre-approval. Bait ?? in Rebuilding Your Credit

Credit One pre-approval. Bait ??

BM1990 — Sat, 03 Jul 2021 05:03:23 GMT

Just checked on the credit one app and it says I'm eligible/pre-approved for $1,500 card. When I clicked the offer it says "accept your new $1,500 card". Sounds all well and good! Now after I entered all my information and proceeded to submit the application, I noticed that in the terms and disclosures portion it stated "minimum credit line $500". They're telling me to accept my $1,500 card, but in the terms it's a totally different limit !? Is this a bait to get me to apply ? I guess they assume people will not read the fine print !

Re: Credit One pre-approval. Bait ??

mja1970 — Sat, 03 Jul 2021 05:40:32 GMT

I have the Credit One Platinum Visa card. It was one of the several cards that I got when I first started rebuilding my credit about a year and a half ago. It's really not a bad card. It was recommended to me by Credit Karma. My starting limit was $500 and I've now been increased to $1000. I don't think they even offer a starting limit of $1500. I would probably call them to verify.

Re: Credit One pre-approval. Bait ??

BM1990 — Sat, 03 Jul 2021 05:45:14 GMT

@mja1970 wrote:
I have the Credit One Platinum Visa card. It was one of the several cards that I got when I first started rebuilding my credit about a year and a half ago. It's really not a bad card. It was recommended to me by Credit Karma. My starting limit was $500 and I've now been increased to $1000. I don't think they even offer a starting limit of $1500. I would probably call them to verify.

I already have a card with them, so hopefully I can get a card with a bigger limit. Thanks. I will call them to see what's up.

Re: Credit One pre-approval. Bait ??

FireMedic1 — Sat, 03 Jul 2021 12:02:57 GMT

Since you already have a card from them. Hold out a few months and then try Cap1's prequal. You dont need a family of Credit One cards. Why not try Cap1's pre-qual now? FICO doesnt care who the bank is who gave you a card nor what your credit limit is. Its how you have your cards report each month. Hopefully your not carrying any balances and only have 1 card report $20 each month and then pay it off before the due date. Once you hit a 3rd card that will help your scores. And hopefully you have some type of installment loan like home or car. If not check credit unions for a secured savings loan.

Re: Credit One pre-approval. Bait ??

BM1990 — Sat, 03 Jul 2021 13:47:03 GMT

@FireMedic1 wrote:
Since you already have a card from them. Hold out a few months and then try Cap1's prequal. You dont need a family of Credit One cards. Why not try Cap1's pre-qual now? FICO doesnt care who the bank is who gave you a card nor what your credit limit is. Its how you have your cards report each month. Hopefully your not carrying any balances and only have 1 card report $20 each month and then pay it off before the due date. Once you hit a 3rd card that will help your scores. And hopefully you have some type of installment loan like home or car. If not check credit unions for a secured savings loan.

Thanks a lot Medic! I'm going to hold out for a while. I seen that offer and got greedy. I'll just work with what I got for now. Currently, I have two cc's open and a student loan, so I'm heading in the right direction.

Re: Credit One pre-approval. Bait ??

Horseshoez — Sat, 03 Jul 2021 15:03:25 GMT

@BM1990 wrote:
@FireMedic1 wrote:
Since you already have a card from them. Hold out a few months and then try Cap1's prequal. You dont need a family of Credit One cards. Why not try Cap1's pre-qual now? FICO doesnt care who the bank is who gave you a card nor what your credit limit is. Its how you have your cards report each month. Hopefully your not carrying any balances and only have 1 card report $20 each month and then pay it off before the due date. Once you hit a 3rd card that will help your scores. And hopefully you have some type of installment loan like home or car. If not check credit unions for a secured savings loan.
Thanks a lot Medic! I'm going to hold out for a while. I seen that offer and got greedy. I'll just work with what I got for now. Currently, I have two cc's open and a student loan, so I'm heading in the right direction.

I couldn't agree with @FireMedic1 more; take a hard pass on the Credit One card and take a swing at the CapitalOne pre-approval page.

Re: Credit One pre-approval. Bait ??

FireMedic1 — Sat, 03 Jul 2021 22:47:20 GMT

Excellent. Heres the link for Cap1's pre-qual. I started with a $2000 regular ole Plat. Awesome you got the installment. As the balance goes down, scores go up. Dont pay it off early unless you get another type of loan. Always have some type of installment open. Good Luck!

https://www.capitalone.com/credit-cards/preapprove/

Re: Credit One pre-approval. Bait ??

Nikita2008 — Sun, 04 Jul 2021 03:12:20 GMT

I've had a Credit One Card and still get barraged with offers. I had no issues with my account. Paid on time for a year. In short though they suck. As others have said try Cap One. Maybe Avant. Credit One is deplorable.