CreditOne phone # and CLI causing $250 cash advance charge?!?!

[Anonymous]

my error.

the same day I gave them the go-ahead for the CLI, I deposited a check they had sent that had promoted the CLI and had mentioned (in fine print) that the check ($250) would be a cash advance - this had actually just slipped my mind......

false alarm  

[Shadowfactor]

You should never take a cash advance from any prime bank and especially not credit one.

You’re probably paying 35% interest on that amount and it starts the minute the check was deposited

[Anonymous]

yea, I was distracted that day and making a bank deposit anyway and the promo wording on the check was all about the CLI, so I just spaced it.

They got over on me for a few dollars in interest but I just paid it off.

Mea Culpa - I will pay closer attention in the future.

[Anonymous]

What other cards do you have? If you have more than 3 other cards that are not in the predatory variety, I would consider shutting this one down completely.

[Anonymous]

2 other active cards and the creditone is a holdover from olden days. sentimental value LOL. I use it once a month to keep it open and active.

[Anonymous]

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@Anonymous wrote:

2 other active cards and the creditone is a holdover from olden days. sentimental value LOL. I use it once a month to keep it open and active.

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You're paying fees (probably the only one to charge CLI fee) left and right on a predatory card you hardly use just to keep it open for "sentimental value"? For reals? First time I ever heard someone emotionally attached to CreditOne, no wonder predatory lenders continue to thrive lol.

If I were you, I would drop them as soon as feasible, even if it's your oldest card.