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Whats the deal with credit one bank?

drunkenWINO
New Member

Re: Whats the deal with credit one bank?

Them and First Premier haha

AMEX Surpass $1k | AMEX Everyday $1k | Gold Delta AMEX $1k | CSP $13k | Freedom $3k | Fidelity Visa $20.5k | Discover IT $12k
Message 11 of 14
credit-user-19
Frequent Contributor

Re: Whats the deal with credit one bank?


@Adkins wrote:

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. 


Credit one yearly fee is billed monthly.

 

As said regardless cancel it like yesterday. You have WAY better cards now and they no longer have a purpose for you. 

Message 12 of 14
Gregory1776
Valued Contributor

Re: Whats the deal with credit one bank?

I'm Just glad I never went to them, when I start building my credit.

Message 13 of 14
Adkins
Super Contributor

Re: Whats the deal with credit one bank?


@credit-user-19 wrote:

@Adkins wrote:

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. 


Credit one yearly fee is billed monthly.

 

As said regardless cancel it like yesterday. You have WAY better cards now and they no longer have a purpose for you. 


When I was offered a card from them while I was rebuilding, the first year's fees were billed in a lump sum (cutting into available credit). The following year was billed monthly. 🤷🏽‍♀️

Last HP 09-14-2020



Message 14 of 14
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