cancel
Showing results for 
Search instead for 
Did you mean: 

credit one american express

Highlighted
Regular Contributor

credit one american express

So i was wondering,  if i got a credit one american express, will that basically get my shoe into american express family?? Wanted to ask you all before i accept this offer from them. Thanks. 

Message 1 of 13
12 REPLIES 12
Highlighted
Established Contributor

Re: credit one american express

It won't establish any relationship with Amex as an issuer.  Credit One is just paying them to run that card on their network.


Message 2 of 13
Highlighted
Regular Contributor

Re: credit one american express

thanks a lot really appreciate that. 

Message 3 of 13
Highlighted
Established Contributor

Re: credit one american express

np Smiley Happy


Message 4 of 13
Highlighted
Valued Member

Re: credit one american express


@Slabenstein wrote:

It won't establish any relationship with Amex as an issuer.  Credit One is just paying them to run that card on their network.


Agreed!  Plus, you can likely do a lot better than them anyway.  But up to you.  Check it out for yourself then make an informed decision:   https://ficoforums.myfico.com/t5/Credit-Cards/Credit-One-Amex-worth-it/td-p/5778131 | https://ficoforums.myfico.com/t5/Credit-Cards/Whats-the-deal-with-credit-one-bank/td-p/5782410https://ficoforums.myfico.com/t5/Credit-Cards/How-bad-is-the-Credit-One-Bank-card/td-p/5225285, et al

Message 5 of 13
Highlighted
Valued Contributor

Re: credit one american express

If you are wanting a real Amex, its probably best to get your profile to a point where you have a reasonable chance to get one, if you are not there now. Credit One is like a "knock off" Amex. The logo is on the card, but...

Scores, HPs/24 mos. (updated 11/20/20):
    Experian FICO Score 8 = 828, 1/24
    Experian FICO Score 9 = 813, 1/24
   TransUnion = 815, 1/24
    Equifax = 818, 0/24

Total 2019 rewards, incl. offers/deals = $1,709.07
Avg. rewards rate, incl. offers/deals = 3.92%

Total CL: $247,000

Cards (hover over for CL | interest rate | Date Opened):
Message 6 of 13
Highlighted
Super Contributor

Re: credit one american express

Stay away from Credit One.  IMO their Amex offering is just one of their many ploys to try and reel in potential customers by letting them think they're getting something better than they are.  It all starts with their name and logo and goes from there.

Message 7 of 13
Highlighted
Super Contributor

Re: credit one american express

Keep checking the Amex preapproval tool every month.  Good luck


3/2016 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>11/2020 CCT EX 821 TU 826 EQ 840

Color me your color, baby
Color me your car
Color me your color, darling
I know who you are
Come up off your color chart
I know where you're comin' from
Call me (call me) on the line
Call me, call me any, anytime
Call me (call me) my love
You can call me any day or night
Call me

Blondie - Call me ( 1978 )
Message 8 of 13
Highlighted
Frequent Contributor

Re: credit one american express

Keep checking AMEX's preapproval. I got a Cash Magnet card when my FICO 8 Experian score was 676 and I was (and am) poor (low income) and had high utilization when I got accepted. And I had a 90-day late that was a little over a year old. I had a lot going against me, but they still let me in. (And now that my utilization is down—but I'm still poor!—they just gave me another card!)

 

This thread gives all my breathless details and explains my astonishment and delight in getting accepted. AMEX is not as picky and 'ooh la la' as some think they are. (I mean, they accepted me! LOL!)

 

Note: I got preapprovals for AMEX's Delta Gold and the other co-branded 'travel' cards (like Hilton Honors, etc) but none of the other AMEX cards. I was willing to get a Delta Gold, but when I apped, I was declined. A few months later I was getting preapprovals for all their cards, and this is when I got accepted. If you only get accepted for the 'travel' cards, tread cautiously or only apply if you're ready to accept a real chance of rejection.


Overstock $7,750, Walmart $2.5K, Discover IT Cash Back $2.4K, Navy Fed cashRewards $5K, Shell (Citi) Fuel Rewards $800, Navy More Rewards $17K, AMEX Cash Magnet $1K, Citizens Bank Cash Back $2.8K, Amazon Store Card $4.2K, Cap1 QS $1.1K, FBNO Visa $1.6K, AMEX Blue Cash Preferred, $8K, eBay MC $800 (RIP Green Dot Platinum Secured)
Current FICO8: EQ 700, TU 697, EX 690   Current FICO9: EQ 715, EX 714
Goal for December 2019: FICO8 640-700 (reached! Fico 681!) | Goal for December 2020: FICO8 685-700 (Reached! 690!) | Goal for December 2021: FICO8 700-740
Starting Score: 539  Current Score: 690  Goal Score: 760
My credit recovery journal
Message 9 of 13
Highlighted
Super Contributor

Re: credit one american express

Is there any particular Amex card or card feature you want to eventually get?

Spend: BofA PR + WWFCR, BBP, Schwab Platinum, CFF+CF, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC
Upgrade/downgrade games: BCE, EDP
SUB: JetBlue, Amex Platinum
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 10 of 13
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.