Whats the deal with credit one bank?

[Trooper2003]

i asked for a credit line increase with credit one been a rebuild for about 6 months it was my first card. it has a $300 credit limit when i used it, within a couple i paid it off when it posted never left a balance. since then i gotten a sams club card for $3,000 a capital one mastercard for $1,000 a ollo mastercard for $2,000 and a discover it cash back for $3,000 lines all with 0 balances paid them off every time i have used them. since credit one was my oldest line i asked for  CLI and was denied they reason they gave was my account usage doesnt meet their criteria. I use there card a couple times a month for small purchases and as soon as i use it i pay it. can anybody help me thank you so much.

[Anonymous]

You have Capital One, Ollo, and Disco. It's time to cancel Credit One. It's a card that's just meant to build or rebuild and you get rid of it once you have cards with better companies. 

Make sure you check after it's canceled that they don't hit you with any extra fees and that it's actually canceled. 

[Anonymous]

A terrible financial institution is the deal.

[JR_TX]

OP just Follow @Saeren advice. Credit One is just a necessary evil that you exorcise the first chance you get!

[CreditInspired]

Hi OP and welcome

Yes, we can all help you. In unison, we say, "get rid of CreditOne."

You don't need them!

[Remedios]

Keep it!




Just kiddin'.
Burn it with fire after you makes sure it's really dead. Those things tend to come back.

[Anonymous]

Yes! They are the worst! Must rid yourself.

[Anonymous]

^^^ agreed, rid yourself of it ASAP.

[Adkins]

If you've already paid the yearly fee, keep the card until just before you're due to get charged it again and then call and cancel. Ask for a letter to be sent confirming cancelation, and that it shows you owe a zero balance. Keep that letter with this year's taxes, as a CYA because credit one will occasionally do stupid things and it's best to have proof of account closure.

They are a low level rebuilder company but not the worst I've seen. You have better cards now and no longer need them - time to move on. 

[disney2]

They are awful.  First close the account. and the phone call goes like this "yes, I really want to cancel", "no there's nothing you can do to keep me", "JUST CLOSE IT ALREADY".  Secondly, they send you letters for the next year about how you need to reopen that card and they are holding your awesome credit limit for you.  (You burn those too)  Third, you sit back and enjoy life without Credit One.