Amex is Promoting Credit One...

[TXPocohontas]

Yeah, I have had my Credit One AMEX for a year.  It's ok.  I prefer my Cap One Visa or Navy Fed Visa as they have better rewards.  Plus Credit One ticked me off by reporting a balance I paid off 2 weeks before the due date when they reported after the due date, which dropped my scores.  Why they didn't report my zero balance perplexes me.  Since I am in the middle of a home build, I do not need my scores to be dropping.  Augghhh!

[Steveo777]

Not all Credit One Amex cards are created equal, from what I understand. Prior to my last BK7, I'd had a Credit One Visa that took like 5 years to grow from $500 to $1550. There was an annual fee that was spead out over monthly payments. It seems like it was $8.75 per month. Also, every time I received a credit limit increase, there was a fee for that. After discharge of our last BK7, the wife was offered a preapproved AMEX with a $39 AF, preapproved "up to" $2000. That one went in the trash. I got a preapproved one on Experian that offered no AF, so I went for it and was approved for $1K. I earn 1.5% rewards, no monthly or AFs. I'm on statement 5, so I suspect a CLI should be offered soon and hopefully with no fee.

[FinStar]

Piggybacking on the above comment about Credit One AmEx offers not created equal, and not that I'm going to bite, but I was really curious about their pre-qualification process.

No, I don't need (or want) a 'pink' card or a 'green' card for my collection (although their designs are not completely horrible) 😂, I selected them just to play around. So, if someone is doing a prequalification, and since the card will have the same benefits (from what I can tell), what would trigger getting the $75 AF vs the $39 AF? -- I'm assuming it's profile-specific since it mentioned "because you're not eligible for the original terms", but I wasn't aware there was a higher priced Credit One AmEx version 🤔

I'm obviously not their target demographic, but I always like to test different products just for s&g's. And, contrary to some individuals who may get these offers by accident, I'm not one to feel insulted or clutch my pearls by what lands in my mailbox (or inbox) 😁 -- they're just fun to test things.

       

[Anonymous514]

@FinStar My Credit One Amex is no annual fee. Has been since I applied despite the varying annual fees they announce on the application. 

[FinStar]

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@Anonymous514 wrote:

@FinStar My Credit One Amex is no annual fee. Has been since I applied despite the varying annual fees they announce on the application. 

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Ah, interesting @Anonymous514. I wasn't aware there was one w/o an annual fee. That would be the good one to have when compared to the other 2. Is yours the same APR as the ones from my screenshot?

[Anonymous514]

Yeah 23.99% lol. I only have it till I can get a real Amex charge card again. 

[drboxing]

My nephew applied for the CreditOne AMEX card, was approved. 4 months later was approved for AMEX Blue cash card. Just wondering if there may be a relationship between Amex and CreditOne

[jata_roots]

Do you have the one with no AF? Or the $39/ $75 one @TXPocohontas?

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@TXPocohontas wrote:

Yeah, I have had my Credit One AMEX for a year.  It's ok.  I prefer my Cap One Visa or Navy Fed Visa as they have better rewards.  Plus Credit One ticked me off by reporting a balance I paid off 2 weeks before the due date when they reported after the due date, which dropped my scores.  Why they didn't report my zero balance perplexes me.  Since I am in the middle of a home build, I do not need my scores to be dropping.  Augghhh!

[TXPocohontas]

@jata_roots I have the $39 AF.

[HeavenOhio]

@TXPocohontas, I think you're best off not using the Credit One card at all during your home build. Just monitor the card regularly for fraud, and pay any fees as they come up. After your home is complete, I'd close both First Premier and Credit One.