Offer from CreditOne - Shredder?

[ORllyNao]

@AhmedInVA wrote:

One thing I never liked about Credit One is that every time I made an online payment they required me to enter my phone number and forced me to select a checkbox that I acknowledged they would use my phone number for telemarketing purposes. If I didn't do that I could not make my payment online, After the first payment telemarketers began calling me, after that time I started entering Credit One's support phone number so they could robo-call themseleves

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OMG that is brilliant! LOL!

[Rebuilding69]

As far as talking about the interest on rebuilder cards, I dont know why anyone would ever carry a balance on a rebuilder card of that ilk in the first place.

I have a feeling most of the negative reviews about these cards are from folks trying to live off them, which means they are doing it way wrong.

I've never had a problem with the apr's on those cards since I didnt carry balances.

Yes they have AF's like most rebuilder cards.

[J91605]

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@Rebuilding69 wrote:
As far as talking about the interest on rebuilder cards, I dont know why anyone would ever carry a balance on a rebuilder card of that ilk in the first place.

I have a feeling most of the negative reviews about these cards are from folks trying to live off them, which means they are doing it way wrong.

I've never had a problem with the apr's on those cards since I didnt carry balances.

Yes they have AF's like most rebuilder cards.

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Yes but Credit One also charges interest from the time of purchase.

[darwin_wins]

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@J91605 wrote:

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@Rebuilding69 wrote:
As far as talking about the interest on rebuilder cards, I dont know why anyone would ever carry a balance on a rebuilder card of that ilk in the first place.

I have a feeling most of the negative reviews about these cards are from folks trying to live off them, which means they are doing it way wrong.

I've never had a problem with the apr's on those cards since I didnt carry balances.

Yes they have AF's like most rebuilder cards.

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Yes but Credit One also charges interest from the time of purchase.

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This. When I had no credit, I just stuck that period out with just my debit card. After 3 years of not using any credit card, I pulled a trigger with Cap One and I think it is better to wait than use Credit One. I still get their offers which go straight to the bin. 

[_NERD]

I was about to protest the shredding of a Cap One offer. I had to lean back and have someone show me how to Douglass before I saw it was actually Credit One being discussed.

Carry on to the shredder, Jedi.

[Rebuilding69]

@J91605 wrote:

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@Rebuilding69 wrote:
As far as talking about the interest on rebuilder cards, I dont know why anyone would ever carry a balance on a rebuilder card of that ilk in the first place.

I have a feeling most of the negative reviews about these cards are from folks trying to live off them, which means they are doing it way wrong.

I've never had a problem with the apr's on those cards since I didnt carry balances.

Yes they have AF's like most rebuilder cards.

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Yes but Credit One also charges interest from the time of purchase.

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Which isnt a problem unless you sit on the balance lol.

[Anonymous]

FIRE!
I agree with Cruznmore.
Burn it!

Halloween is too far off.

[Anonymous]

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Rebuilding69 wrote:

Which isnt a problem unless you sit on the balance lol.

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With a good secured card that anyone can get with a small deposit, you only have to worry about paying in full by the due date to avoid interest charges. Just like anyone else with a decent credit card.

To avoid interest with a Credit One or its ilk, you have to, after every single purchase, keep checking your account until the charge posts(which can take days) and pay if off the day you see it post. And then, you have to hope your payment posts that day, because if it posts the next day, you won't have paid it off. You'll have paid off the initial charge, and have a balance of the interest that accrued over night. I guess the other option is to post credits to your account in advance of the charge posting, but I'm not sure if they allow that as I never signed up for one of those cards after reading their terms. I know some creditors don't like that.

The point is, someone using credit card best practices as advocated here and anywhere else people know what they're talking about with regards to credit, that person will pay interest with a Credit One type card where they wouldn't with the vast majority of other credit cards.