Credit One ...Never expected to see this !

PCMedic · ‎09-19-2013

Several months ago after a few unsuccessful attempts at getting Credit One to remove my AF and Lower my APR I had them close my account. It was useful at one point, but did not really need it any more as I had since acquired better cards.

My DW also has an old Credit One card that I have been helping her try to do the same on and no luck. She does not want to close hers yet as it has a 2100.00 CL with 0 Bal now and will effect her overall UTIL.

Come home from work today and she shows me a letter she received from Credit One that reads as follows.....

Dear XXXXX,

Thank you for being a Credit One Bank card member. In appreciation of your excellent payment history with us, we are lowering your variable rate from a 23.9% APR to a 19.9% APR. We are also lowering your Annual Membership Fee from $99 to $45. These changes are our way of thanking you for being a valued Credit One Bank Card member.

Have to say, I never expected to see a letter like this from Credit One !!!

Dustink · ‎09-19-2013

Nice, that is a step in the right direction.

Too many INQs & low AAoA so I'm off to tend the Garden. Age:23

$17k $8.5K Closed $19k $6.5k $24.2k Closed $5k Closed $8.5k Closed @2.49%

Credit-hoarder · ‎09-19-2013

From what I've read on here, so many ppl are jumping ship on them I guess they figured they had to do something if they want to have a better reputation and KEEP a continuous customer base--like the card they're trying to imitate-Capital One! BTW @PC Medic: If you don't mind my asking, how long has your wife had her acct. w/ Cred. 1 and what was her starting limit?

BUSINESS

Rewards Pts.-Miles: UR-MR-TYP-Venture

Boonie · ‎09-19-2013

Wow, congratulations! I had no idea they gave limits over $1500 much less reducing the APR and fee. I have had my Credit One card for about 2 1/2 years now, hopefully they will do the same for me soon. My limit is now at $1,100.00.

04/10/17 - FICO 8s - EX 769, EQ 710, TU 724

PCMedic · ‎09-19-2013

@Credit-Hoarder.. She has had it since 07 and started 400.00

JonStur · ‎09-19-2013

I gave mine to my fiancé to hold for emergencies..it's a no-fee card and they offered me $250.00 increase for $9.99. I said why not what the heck...

Starting Score: TU 595 EX 600 EQ 585
Current Score: TU 820 EX 825 EQ 812
Goal Score: 800 Club (Mission Accomplished)
Amex Platinum, Amex BCP $17.5K, 5/3 Sig $10K, Capital One Quicksilver 15K, Walmart 10K, US Bank Cash+ 15K, Sam's Club 10K, Chase Freedom $6K, Discover More $15K, Chase United Club MileagePlus $33K, Costco $6K, CapOne Quicksilver One $7K, Cap One Quicksilver $5K, Amazon $3K, Barclays $12.5K, Home Depot $7.5K, AppleCard $6K

SunriseEarth · ‎09-19-2013

@PCMedic wrote:
Several months ago after a few unsuccessful attempts at getting Credit One to remove my AF and Lower my APR I had them close my account. It was useful at one point, but did not really need it any more as I had since acquired better cards.

My DW also has an old Credit One card that I have been helping her try to do the same on and no luck. She does not want to close hers yet as it has a 2100.00 CL with 0 Bal now and will effect her overall UTIL.

Come home from work today and she shows me a letter she received from Credit One that reads as follows.....

Dear XXXXX,

Thank you for being a Credit One Bank card member. In appreciation of your excellent payment history with us, we are lowering your variable rate from a 23.9% APR to a 19.9% APR. We are also lowering your Annual Membership Fee from $99 to $45. These changes are our way of thanking you for being a valued Credit One Bank Card member.

Have to say, I never expected to see a letter like this from Credit One !!!

Congrats to your DW on lowered APR and AF!