CreditOne AmEx?

[Anonymous]

Yep- you read that right. I have a credit one card I've been considering closing. I've had multiple offers to increase my credit line which I have declined. I was also offered another card. I declined it as well. Now, I see an offer for an AmEx card. Could this really be a thing? Anyone know

[AllZero]

It's still a Credit One credit card. It runs on the American Express network. E.g. Visa, MasterCard.

[FinStar]

Yes, it was a widely discussed topic last year (Oct).  For your reference, the link/thread is below:

https://ficoforums.myfico.com/t5/Credit-Cards/Credit-one-bank-Amex/m-p/5761426

[NimbusIII]

Run far away! The next greatest feeling outside of getting an approval is closing a creditone account.  

[RootDet]

I would stay away, especially if you ever want an AMEX in the future direct. Amex has been known to see creditors such as CreditOne as a negative on the credit report than a Positive one. 

[Anonymous]

---

@RootDet wrote:

I would stay away, especially if you ever want an AMEX in the future direct. Amex has been known to see creditors such as CreditOne as a negative on the credit report than a Positive one. 

---

Curious as to the source of this? I had an open Indigo rebuilder card on my profile when Amex approved my first two cards with them. It's closed now, but still on my reports. Amex gave me three more cards in the meantime...

[Anonymous]

---

@RootDet wrote:

I would stay away, especially if you ever want an AMEX in the future direct. Amex has been known to see creditors such as CreditOne as a negative on the credit report than a Positive one. 

---

While there are many, many reasons to stay away from Credit One, this isn't one of them. 

[coldfusion]

---

@RootDet wrote:

I would stay away, especially if you ever want an AMEX in the future direct. Amex has been known to see creditors such as CreditOne as a negative on the credit report than a Positive one. 

---

Known by whom?  Never heard of this before. 

[Brian_Earl_Spilner]

People keep knocking credit one, but they're really trying to get away from the whole predatory lender image. Some of their offeringa are on par or better than many cards recommended on here. No AF, grace period, lower rates, etc. The only thing keeping them from being more embraced here is their image and poor software and customer service.

[Anonymous]

---

@Brian_Earl_Spilner wrote:

People keep knocking credit one, but they're really trying to get away from the whole predatory lender image. Some of their offeringa are on par or better than many cards recommended on here. No AF, grace period, lower rates, etc. The only thing keeping them from being more embraced here is their image and poor software and customer service.

---

Agree with this somewhat. I'd say, however, that their poor software and customer service aren't the only thing holding them back. Instead, while they may have some OK offerings and terms, a large portion of their business still tips towards the predatory label. If they want to completely change their image, they have a lot of work to do.