No complaints about Credit One. They are what they are and you know what you're getting into. Having two Credit One cards helped immensely with building my credit. But I paid a lot for that help and felt no compunction about cutting them loose when I didn't need them any more. The two annoying things to me, apart from the fees which I accepted knowingly, were the lack of an auto-pay function and the time they took to credit "standard" (i.e., free) payments.
As an aside, I also got rid of Merrick, Aspire, Indigo, Total, First Access, Ollo, First Premier, and two bucketed Capital One cards all at the same time.
@jcooks wrote:Since rebuilding my credit, I was approved for Amex Gold, Amex Blue Business Plus, Amex Blue Business Cash, Chase Freedom Flex and Chase Sapphire Preferred. A few months ago I called to cancel Credit One and they offered me $0 AF (which is charged monthly) for a few months. I lost track of when that was supposed to end, but I knew it was soon. Just yesterday I saw it post as a charge for the AF, paid it off and shortly called them to cancel. When they asked me the reasons why, this card doesn't fit my profile anymore. I get charged a crazy fee for a card that I don't use because it offers no more benefit to me. A card never reached me and I get charged a replacement card fee. I get charged for any CLI's. My BBP credit limit was recently raised to 27k, was instantly approved for the CSP for 12.7k. This was stuck at $450 (could have been higher if I had paid the $25 to raise it by $50, which I declined).
Thank you Credit One for helping me in my rebuild, but now, it is finally time to say goodbye!
Amen! I did the exact same thing in June of this year (so, some four months ago) and am rather grateful to Credit One for the one year that I had their credit card. They have some very interesting "requirements". Anyway, good point. Great post!
Starting Score: Exp 627
@jcooks wrote:Since rebuilding my credit, I was approved for Amex Gold, Amex Blue Business Plus, Amex Blue Business Cash, Chase Freedom Flex and Chase Sapphire Preferred. A few months ago I called to cancel Credit One and they offered me $0 AF (which is charged monthly) for a few months. I lost track of when that was supposed to end, but I knew it was soon. Just yesterday I saw it post as a charge for the AF, paid it off and shortly called them to cancel. When they asked me the reasons why, this card doesn't fit my profile anymore. I get charged a crazy fee for a card that I don't use because it offers no more benefit to me. A card never reached me and I get charged a replacement card fee. I get charged for any CLI's. My BBP credit limit was recently raised to 27k, was instantly approved for the CSP for 12.7k. This was stuck at $450 (could have been higher if I had paid the $25 to raise it by $50, which I declined).
Thank you Credit One for helping me in my rebuild, but now, it is finally time to say goodbye!
Congratulations! Not just for getting rid of Credit One, but for the *great* job you're doing of rebuilding your credit. Keep up the good work!
