I am disabled and on a fixed income. I was given a chance with a credit card with past due medical bills, my limit of $200 which is a cushion on months I run short or want to pay for breakfast or dinner with my 80 year old dad which I can pay when I tell him my card rewards me when I use CreditOne to pay for dinning out. I was given an increase of a $500 limit within a few months and I pay off the balance every month. CapitalOne wouldn't offer me a card after paying off 2 different cards 20 years ago before canceling them. Thank you CreditOne for the chance to better my credit score, have a cushion to treat my dad or a quick stop at the store and for protecting my card with fraud protection if I use this card 3 times in a day, after answering a few questions I can use the card again.
ADDITIONAL RATINGS YOU MIGHT FIND HELPFUL
- Balance Transfer Intro APR Not Applicable
- Balance Transfer Regular APR Not Applicable
- Annual Fee $0 - $99
- Purchase Intro APR Not Applicable
- Purchase Regular APR 20.24% - 26.24%* Variable
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Most Helpful Negative Review
So obviously the only reason anyone would get this card is because they have bad credit and are trying to improve it. I've only had the card a few months but I'm cancelling it this month. I haven't had an issue with payments as some people seem to have. However, they never notify me when my statement is ready and the payment is due. Also, it would be nice if the website allowed you to make a payment when the payment is due or to schedule a payment ahead of time. The only options seem to be to make a same day payment which could take up to 7 business days to post to your account or to make a rush payment which of course there is a charge for. Luckily I check my account often enough and don't use this card much so it hasn't been a problem. Nevertheless, it's clear to me from my own experience and those of others that this company seems to want to make it difficult for people to pay their credit card bill. AND, I always charge a small amount and pay it in full after they've reported it to the credit agencies. So literally not a single penny rolls over from one statement to the next and yet this month they charged me nearly $5 in interest on purchases. And I haven't made any purchases since the last statement and payment. I would dispute it but I'll pay it and just be done with the card forever. But given that they never notify me when the statement is ready and the bill is due, had I not checked the account (because I wanted to close it), I wouldn't have paid the bill and that would have been a late/missed payment which would have been a negative mark on my credit report and of course would have made my balance $35 or more by the time they tacked on late payment fees etc. There are other cards that will help you build your credit. This company really seems to want to do the opposite of that.
Here's what to do if you must get this card:
1. Only charge a small amount so that you can pay it in full the next month. You don't want this card charging you even more interest than they already do.
2. Find out when they print/prepare your statement. This is when they report it to the credit agencies.
3. Go online and make your payment as soon as your statement is available, allowing plenty of time for the payment to post by the due date.
Note: Remember it's not about how much you charge, the less of your credit you're using the better. Once a credit card company has reported to the bureaus that you've used your card you are now free to make a payment. Don't wait until the due date. Automate it if you can.
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† Credit Karma looks at how your credit profile compares to other Credit Karma members who were approved for this product. Of course, there's no such thing as a sure thing, but knowing whether your Approval Odds are Very Good, Good, Fair or Poor may help you narrow down your choices.
‡ Average score refers to the arithmetic mean and typical low score to the 5th percentile of, in each case, available VantageScore 3.0 credit scores provided by TransUnion of Credit Karma members who were approved for this product from June 2014 through November 2014. Average and typical approved scores are provided as guidelines only and approval is not guaranteed. You can learn more about credit card approval through our in-depth article.
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