Anyone have experience with CreditOne? Since I got the HSBC card today I'm thinking about just calling them and telling them I don't want it anymore....
The only other cards I have is a Cap1 $500CL and a Macy's which doesn't report a CL but they don't ever let me exceed $100.
I'm hardly going to use the CreditOne card, would it be a good idea to keep it for utilization?
I'm pretty new to all of this, but from what I've been reading on myfico it seems like it's never a bad idea to leave an unused account open. It increases your AAoA and UTL.
And the good news is, if you don't use it at least a bit, eventually they get around to closing it anyway. Whether you want that or not is up to you.
I hate to admit it but I have CreditOne card and I have a 752 FICO.
I will close it next year before the annual fee.
The annual fee is currently at $75 for the first year, then $99 the next. Billed MONTHLY at $8.25
You have Capital One which is far better than CreditOne. You honestly don't need them. After year 1 you'll have to pay $8.25 a month. Pretty much impossible to leave the card "dormant"
ALSO, there is no grace period whatsoever. Don't bother paying in full because you will get a bill for all accrued interest.
It could just be talk, but a user on here was allegedly informed by a CSR that Macy's will start reporting your CR and high balance again.
If you have a good history on all your current accounts, and don't have any unsettled items, then you could probably get some store cards. I don't know if you're building or re-building.
If you can set aside money for a secured card, it will help your debt/credit ratio. Try for a couple more store cards. You'll be at 750+ like me in no time