Creditone free CLI

[Anonymous]

I agree that they have made some changes. My DH had an account that charged him interest as soon as the charge posted to the account. And had the $95 annual fee. With me being post bankruptcy I applied and hoped for the best. My score when they pulled Experian was 712 and they gave me a card with $500 starting Credit line, $39 annual fee and 24 day grace period. I’m really pleased with this as the first card after bankruptcy. It’s not all completely bad if you’re lucky.

[Anonymous]

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@Anonymous wrote:
I agree that they have made some changes. My DH had an account that charged him interest as soon as the charge posted to the account. And had the $95 annual fee. With me being post bankruptcy I applied and hoped for the best. My score when they pulled Experian was 712 and they gave me a card with $500 starting Credit line, $39 annual fee and 24 day grace period. I’m really pleased with this as the first card after bankruptcy. It’s not all completely bad if you’re lucky.

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Credit one is all in the individual terms. It can be a predatory card with no grace period and high fees, or it can be a card with no fee and grace period and 1% cash back. I think they are trying to get some better profiles to offset the high default rates. It’s still a starter card. It has its purpose if one is careful and doesn’t get the worst rates.

[TimeLBK]

Received my $300 Credit One card in December. Well, constantly using it and paying it down, I just saw that, with this new statement, they automatically gave me a CLI of $150 to now $450. This card is GOOD.

[ktl72455]

I started out at 300, now at 1750.00 on one card and 1250.00 on the 2nd. Im going for Discover so keeping these open to help with UTL , after that , they are getting closed, they have served thier purpose and I am thankful for that. 

[TimeLBK]

What is the highest possible line of credit with them, if anybody knows?

[arkane]

Unless you have a Credit One card that comes with no AF, has a grace period AND 1% cash back, you're much better off dumping this polished turd and getting the OpenSky secured Visa instead.

Yes it's a secured card, but it's "only" $35 AF, and doesn't even require a hard pull so approval is pretty much 100%.

[VLGaffEsq]

I have 2 CreditOne cards which I have had for over 5 years now (which is the only reason I don't close them down).  My Visa has a limit of $1,950.00 with no annual fee, and my MC has a limit of $1,100.00, also with no annual fee. Both cards have $0.00 balances, but the minute CreditOne tires to hit me with any fees, I will cancel them both immediately!  As most people say, these cards have served thier purpose, but I have very good credit now and much better limits with cards  from Well Fargo, Chase, Capital One and Discover It.

[TimeLBK]

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wrote:

I have 2 CreditOne cards which I have had for over 5 years now (which is the only reason I don't close them down).  My Visa has a limit of $1,950.00 with no annual fee, and my MC has a limit of $1,100.00, also with no annual fee. Both cards have $0.00 balances, but the minute CreditOne tires to hit me with any fees, I will cancel them both immediately!  As most people say, these cards have served thier purpose, but I have very good credit now and much better limits with cards  from Well Fargo, Chase, Capital One and Discover It.

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How did you get 2 cards...did you have the 1st one for a while and then re-apply, or just opened another one immediately after the 1st one?

[VLGaffEsq]

Actually, I had the Visa card for about a year and was offered the MC, which I accepted.  Like a fool, I was paying yearly ANNUAL fees AND paying for credit line increases.  While these 2 CreditOne cards served a purpose for a couple years, I am done with paying any fees now that my credit is excellent!  I am still debating on whether or not to cancel these 2 CreditOne cards, but I know it will hurt the age of my credit history.  Time will tell what I end of doing with these 2 credit cards, but I have 4 other great credit cards now, and my oldest trade line is a secured credit card with a $1,200 limit which I have had for 7 years, and will always keep.

[TimeLBK]

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@ktl72455wrote:

I started out at 300, now at 1750.00 on one card and 1250.00 on the 2nd. Im going for Discover so keeping these open to help with UTL , after that , they are getting closed, they have served thier purpose and I am thankful for that. 

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How long did it take you to go from $300 starting limit to CLI's to $1,750?