The Credit One late fee is up to $28 for the first late payment and up to $39 for any subsequent late payments in the following 6 months. A payment is late if it is not received by 5 p.m. Pacific Time on the due date. Payments for less than the minimum amount due are also considered late. Late fees, however, will never be higher than the minimum payment that was missed.
Credit One’s late fee also applies to payments returned for insufficient funds after the due date. Returned payments will incur an additional $39 fee.
The Credit One annual fee is $0 to $75 the first year and $0 to $99 each year after that. All Credit One cards have the same annual fee range, including the Platinum Visa, NASCAR Visa, and Cash Back Rewards card. The exact amount of the annual fee depends on an applicant’s credit profile, which includes their credit score, payment history, outstanding debt and other factors. Applicants will not know their annual fee until they’re approved for an account.… read full answer
If your Credit One card has an annual fee the first year, Credit One will bill the fee to your account when you open it. Keep in mind that this will reduce your initial available credit until you pay it off. For the second and future years, the annual fee will be billed to your account in 12 monthly installments. For example, if your annual fee is $99, your statement will reflect a monthly charge of $8.25.
Credit One’s annual fees are high for cards designed to rebuild or establish credit. For less expensive options, consider secured cards instead. There are many good secured cards without annual fees. You’ll have to pay a deposit to secure a credit limit. But unlike an annual fee, the deposit is fully refundable once you close the account with a $0 balance.
To get a Credit One Bank credit limit increase, you can either wait for Credit One to automatically raise your limit or you can request a higher limit yourself. Credit One Bank will periodically consider your account for automatic credit line increases, typically after you’ve had a card for 5 or 6 months. This timeline is also recommended if you’re requesting an increase on your own.… read full answer
To submit a request, log in to your account at www.creditonebank.com, go to "Settings" and click "Credit Line Increase.” Enter your personal information and your desired increased credit limit. Then, submit the request.
Bear in mind that if you request a credit line increase from Credit One Bank, it will trigger a hard inquiry on your credit report. This will lower your credit score by a few points, but only temporarily. Hard inquiries stay on your credit report for two years but can only affect your credit score for the first year.
If Credit One automatically increases your limit, there will only be a soft inquiry, or “soft pull.” That will not alter your credit score.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.