Applied for a Credit One Card Card last week and

[Anonymous]

it didn't say I was approved so today they just called me today to verify my information and asked me some questions and said its in processing and will see a letter in the mail in 7-10 business days. What do you think that means? Will I get approved.

[Anonymous]

Well, they didn't say no to you on the phone which leaves me to believe you probably are approved...unfortunately. Don't mean to sound negative about that, it's just a personal bias. I don't care for credit one as a creditor.

[CYBERSAM]

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@Anonymous wrote:
it didn't say I was approved so today they just called me today to verify my information and asked me some questions and said its in processing and will see a letter in the mail in 7-10 business days. What do you think that means? Will I get approved.

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Well there is a good news and bad news!

Bad news is Credit One is not a card that you would want, they are horrible fee sucking leaches that prey on people that trying to rebuild their credit! (like me few months ago)

Good news: if you are approved for Credit One, that means you can also be approved for Capitol One cards! so give them a try instead or ANY other secure card from CU that you can get!

FYI you have much better options that you think you do!

[Pway]

I agree, you check the Capital One prequal and see what offers they have for you.

[Anonymous]

I know credit one gets a lot of heat many places, but the trick is to pay off your balance right away when it does post, and only use it sparingly.... like to buy gas 2 times a month or small grocery bill. Yes, there are fees, and yes, they hold you funds from being credited to your account after payment for about a week if you do the free payment option.

Once you start getting a positive file going, then it opens the door to better CC. I have been able to raise my TU FICO score from a 520 to a 630 in less than a year. Started out with a capital one secured CC with a 200 dollar deposit, then got a bump after 6 months of 300 unsecured, 500 QS, and a 300 credit one.

[Anonymous]

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@Pway wrote:

I agree, you check the Capital One prequal and see what offers they have for you.

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+1

[Anonymous]

Do what I did, use it to the extent that you could with such a small limit.  After 6 months try for other cards, hopefully get approved then dump it after those arrive.  I now have Chase Freedom, Discover IT and some pretty useful store cards.  It can help, but be very careful. 

[Anonymous]

Just got a email, I was approved for a unsecured. Just gotta see how much for. Im going to call them and find out. 

[Anonymous]

Just called. Guess it's 300.00.