Credit One Question

[Anonymous514]

How can I avoid interest and overall crappy situations with this card? I need it till BCU can move me to an unsecured product. And I cant get capital one even though I didn't burn them. Too many inqs for now.

[Anonymous]

#1 don't carry a balance.

#2 they might waive the annual fee or give you a CLI if you ask. might have to play the i'm thinking of cancelling game.

if you need another card try for a petal card or see if you have a prequal at discover

[Anonymous514]

I burned discover penfed Navy Fed Citi chase boa and Barclay's and synchrony in mu bk7 and I dont prequalify for petal or any other card

[CreditInspired]

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@Anonymous514 wrote:
How can I avoid interest and overall crappy situations with this card? I need it till BCU can move me to an unsecured product. And I cant get capital one even though I didn't burn them. Too many inqs for now.

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First, please get out of the mindset that you “need” any CC. 

Second, treat CCs as if they were a debit card—that you’re only using it for rewards.

Third, if you can’t PIF, don’t use the CC. Break the habit of buying just to be buying. Use the card for organic spend—money you’re spending anyway (utilities, groceries, etc)

This should get you on the road to not paying interest and unnecessary fees. 

Have you tried Discover secured card? 

GL2U

[HeavenOhio]

With a predatory card like Credit One, I'd use the card as little as possible and make a payment whenever you see that you have a balance. Don't worry about showing activity on the card. It's likely that you have fees that will take care of that.

When you acquire starter cards from "good" banks, you can feel free to use them as much as you deem feasible. Make payments frequently enough to make your credit limit is available to you to charge again. And keep the reported balance below 28.9% of the card's limit. (8.9% is better, but 28.9% is good.)

[Anonymous514]

I need it for an active account showing...and my fee is 39$ a year on it. And no discover said no for the secured due to my 2 discovers included in my chapter 7.

[Anonymous514]

I didn't even want credit one but capital one denied me due to inqs before the chapter 7

[MyFault]

If i'm not mistaken, Credit One charges you interest daily vs monthly like every other card. So, there is no way to avoid paying interest on their cards. Unless you simply don't use it.
I assume your AF is broken into monthly payments? I would simply pay that balance monthly and not touch the card.

[CreditInspired]

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@Anonymous514 wrote:
I didn't even want credit one but capital one denied me due to inqs before the chapter 7

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When was your Chapter 7 discharged?

[Anonymous514]

Discharged 8/14/19
I have SL my first payment is is 89 and due the 24th of this month
Express 250$
Bcu launch secured 150$
Fingerhut freshstart 93$ initial approval 230
And credit one at 500$ 39 yearly annual fee is my terms. I have enough cards until I qualify in 6-12months for an unsecured bcu card