I applied for credit one in June of 2016.....second card I apped for. It was approved, but I found this forum before I received it.
Anyhoo, once I received the card, I called and cancelled it. The hp is on my CR but other than that, there is no trace if it.
Sounds like this is a practice that Credit One follows. Not all creditors do this. In fact, most don't. Credit One is one of the worst creditors out there, lots of horror stories and negative reviews can be found. This practice sort of follows suit. Since they are a beginner sort of card for many people, they probably know that it's going to end up being their first (and oldest) trade line down the road. They figure they will get dropped at some point, so they get to "have the last laugh" by knowing they can ding your AAoA a bit. Just another crappy business practice by them to go along with their already questionable portfolio.