Pretty bad. They could be useful if your credit rating is in the sewer and they're the only one who will approve. However, once you get to the point where you can get better cards, get rid of them.
Their fee structure makes them almost impossible to use on actual purchases without spiralling into a terrible pit of debt. If you're rebuilding, you can use it to establish payment history. Put a stick of gum on it per month and pay your bill in full. That'll help get your score up to the point you can get cards that are actually useful.
I have had this card for 10 months now and I haven't had any problems as far as payments or reporting information to the credit bureaus. Although, there is 3 main issues with cards: the interest rate is high..25.15%, the payments take 5 days to post unless you pay by credit card and if you do that there is a $9.95 fee, & they don't really give credit increases. This card is really only good if you want to increase your score so you can get something better in the future.
I have seen some people complain about the customer service department but thankfully I haven't had to contact them yet so I can't comment on that.
In my opinion if your credit score is good enough I will go with Capital One or Discover. There is more opportunity for growth and those cards offer more perks.
Your scores are not bad. Did you try Capital One or Barclays?
I literally just cut mine up and will be closing it after i pay it off. It was helpful with my credit rebuild but i have gotten much better cards since then. Including, discover, AMEX, and capital one. It’s only good for rebuilding like the other posters stated.
Starting Score: 550
Credit One Bank is pretty much good for re-building. They have monthly fees and the interest rates are pretty high. I've been with them for 8 years, and I have a Visa ($1900) and MC ($900) with them. I recently just paid off all of my CCs. I called them to cancel, but since they didn't want to lose me as a cardholder, the Rep waived my monthly fees on both cards, and even credited back the fees that I had paid this year. So now, I have two cards with negative balances due to the credits. I only kept them open because it's not hurting me, and it helps with util, if needed. So, atleast they have good customer service.
