Credit One Bank

[2NE1]

Does anyone have this CC? I filled out the pre-approval link (since it said no affect on my score) and I got " Your credit history shows that you are pre-qualified for this offer. Apply now and get your credit line decision in less than 60 seconds" -- I read the APR 23.9% -- $75 AF first year then $99 billed monthly $8.25 with a CL of $1500

is this worth getting it? I am on rebuilding mode. Has anyone had any experience with this bank? thanks!

[chan85]

High/multiple fees (express payments, montlhly/yearly fees, credit line increases that you request), slow availability of payments when paid through website (usually like 5 days), no grace period (interest starts accruing when the charge posts not 30 days like mist cards)......

[2NE1]

---

@chan85 wrote:

High/multiple fees (express payments, montlhly/yearly fees, credit line increases that you request), slow availability of payments when paid through website (usually like 5 days), no grace period (interest starts accruing when the charge posts not 30 days like mist cards)......

---

damn... it sounds like a nightmare guess I'll pass...

[chan85]

---

@2NE1 wrote:

---

@chan85 wrote:

High/multiple fees (express payments, montlhly/yearly fees, credit line increases that you request), slow availability of payments when paid through website (usually like 5 days), no grace period (interest starts accruing when the charge posts not 30 days like mist cards)......

---

damn... it sounds like a nightmare guess I'll pass...

---

HA! I don't mean to scare you, just want you to know what you are getting yourself into if you get it. If you are rebuilding, it will serve its purpose. I have had mine for several years, and probably will close it this coming summer. I am currently at $900 CL and stays at a zero or credit balance most of the time. I am scared I will have an emergency and will need it (it has come in handy several times).

[irod1277]

I got my card today I'm afraid to activate it.

[namvet]

---

@irod1277 wrote:
I got my card today I'm afraid to activate it.     You already have the HP on your credit report and the card will report to all 3 bureaus , so you might as well activate it.  Pay it on time and don't overcharge the card and it will serve it's purpose.   

---

[chan85]

---

@namvet wrote:

---

@irod1277 wrote:
I got my card today I'm afraid to activate it.     You already have the HP on your credit report and the card will report to all 3 bureaus , so you might as well activate it.  Pay it on time and don't overcharge the card and it will serve it's purpose.   

---

---

I want to say i read somewhere that if you don't activate it, they won't start charging you fees? But it will still report on your credit as an open and good standing account?? Maybe someone will correct me if I am wrong...

[irod1277]

I guess I should just keep it for utilization purposes.

[2NE1]

---

@chan85 wrote:

---

@2NE1 wrote:

---

@chan85 wrote:

High/multiple fees (express payments, montlhly/yearly fees, credit line increases that you request), slow availability of payments when paid through website (usually like 5 days), no grace period (interest starts accruing when the charge posts not 30 days like most cards)......

---

damn... it sounds like a nightmare guess I'll pass...

---

HA! I don't mean to scare you, just want you to know what you are getting yourself into if you get it. If you are rebuilding, it will serve its purpose. I have had mine for several years, and probably will close it this coming summer. I am currently at $900 CL and stays at a zero or credit balance most of the time. I am scared I will have an emergency and will need it (it has come in handy several times).

---

So I can't even carry a balance for a few days before PIF and not get charged w/ interest?! 23+% is nuts!

[chan85]

---

@2NE1 wrote:

---

@chan85 wrote:

---

@2NE1 wrote:

---

@chan85 wrote:

High/multiple fees (express payments, montlhly/yearly fees, credit line increases that you request), slow availability of payments when paid through website (usually like 5 days), no grace period (interest starts accruing when the charge posts not 30 days like most cards)......

---

damn... it sounds like a nightmare guess I'll pass...

---

HA! I don't mean to scare you, just want you to know what you are getting yourself into if you get it. If you are rebuilding, it will serve its purpose. I have had mine for several years, and probably will close it this coming summer. I am currently at $900 CL and stays at a zero or credit balance most of the time. I am scared I will have an emergency and will need it (it has come in handy several times).

---

So I can't even carry a balance for a few days before PIF and not get charged w/ interest?! 23+% is nuts!

---

NOPE!