Credit One Bank Questions?

[Anonymous]

Ok this is mainly for those who have or have had a credit one bank credit card. I just got and activated mine. It hit my credit report and I saw a nice increase as I did not have any cards so it helped my mix. Now I just want to take care of it and grow it. I only got $200 limit which was fine I was just glad to get one. I do have some questions though. I definately want to work toward increases. I am just wandering best approach for getting increases. I have thought about using it for two or three transactions and mailing a payment. Two or three more and send another payment. Maybe to the point of sending a payment every Friday for that weeks transactions. I just want to make sure I dont get interest charges. Is it best to use it alot like this I figure by paying a few times a month I can use it for $300-$400 worth of transactions a month instead of $150 or so as I dont want to get to close to the CL. I am not apping for anything soon so I really am not worried if it ends up reporting a balance I am just credit gardening for a while I will pay it down and make sure it reports low before I get ready to app anything else. I am just wandering what are your experiences on what you did or what you noticed "makes Credit One love you" to get nice CLI's. Also how high has everyone managed to get the card is there a credit limit max on this card? I appreciate any and all answers and welcome additional advice if you have any for this card.

[VEEVEE]

I got my credit one cc in 2007 with a 250 dollar cl.  I pretty much carried a balance close to the cl  and only paid the minium payments (didn't know any better back then.)  In April 2009 I paid off the entire balance and in May they increased me to 350.00 So now when I use the card I PIF.  I think I didn't get credit limit increases sooner because I was always so close to my credit limit. Thanks to this forum I know better now. when you use the internet to make a payment they charge you 7.95. If you look at some past threads about credit one bank some people stated they have cl's of  a 1000.00. or more. I also read in a past thread that if you call the number on the back of your card and press four for a CLI it will give You an instand decision. I tried in September and I got declined they actually sent a letter in the mail. It had been four months so I dont know how long you have to wait between CLI. I hope this helps.  Good  luck.

[Anonymous]

I plan to just mail in payments every week or two to avoid the eight dollar fee. When you call and press 4 does it do a hard inquiry or soft inquiry for the CLI?

[nmorton79]

---

@Anonymous wrote:
I plan to just mail in payments every week or two to avoid the eight dollar fee. When you call and press 4 does it do a hard inquiry or soft inquiry for the CLI?

---

Hey okstatefan...I use my BoA's online bill pay, and it doesn't cost me a dime...I had to manually enter creditones info in the beginning because its not on their list of cc's and their earliest time that credit one would receive the payment is 4 bsiness days from the time that I set it up, but it works wonderfully and I have never had a problem with it. 

[Anonymous]

You can also use your online banking to send payments for free, if you dont want to deal with the mail.

I dont recall how long I have had my Credit One card, but it has been at least 5 years. It was one of my first, so I hate to cancel it and lose that history. Anyway, by CL is $1000. I have never asked for CLIs, just received them randomly. I think my initial CL was $500, if that helps. Usually an increase is $100 or so.

[Creditaddict]

Credit One will give increase every 6 months I think just for paying on time! some will be free and some will cost you $25. you can do it through the automated system and it's not a hard inq. I was up to $650 when I closed mine after a little over 2 years, started at 200

[moonman]

I've had my credit one card since Feb 06 with a starting credit limit of 350 and now it is 1300.I talked to a csr and was told the max cl is 1500.

[Anonymous]

Ok my bank now charges a high fee every month for billpay. I have looked around and am going to switch banks to one that fits me better anyway. They offer free billpay so then I will do that instead of mailing payments. That sounds fine I will wait until 6 months to even look at a CLI I am in no hurry just want to do things right. I am trying to use the card alot to show good usage and I know whenever you use it you make money for them so I am trying to keep them happy so maybe I will get generous increases. If anybody has had better experience with using the card alot or a little vs the other please let me know. I just figure they will like it better if I cycle a few transactions for a couple hundred dollars a month vs just paying the 5.95 monthly fee. Like I said I really dont care if a high balance hits my credit report as I am in a gardening state and wont apply for anything for at least 6 months when  I get close to applying for something else I will pay it down to just a couple of dollars and let it report before I apply. Just trying to make the bank happy so they will reward me .

[Red22]

I got my credit one card in March 2009 with CL of $200.  I use and abuse my card every month,without going over limit.  I pay in full every month and only pay through Bof A bill pay.  Usually I pay the minimum payment due of $6.00 and PIF a few days before my statement date.  After reading your  post, I decided to call in for a CLI and got it.  It was for $100, but the catch was I would be billed $10.00.  I guess it's better than paying $25 for a CLI like I read on previous posts on this subject.

[pattycake]

This may be one of the last solvent rebuilder cards out there.  Expensive to keep, but reliable and a necessary step toward High Achiever Status.

Congrats on your CLIs, all!  My bro has a Credit One card and just got a $100 auto CLI.  He logged on to his account and there it was!