The only Credit One credit card for bad credit is the Credit One Bank® Platinum Visa® for Rebuilding Credit because it is designed for applicants with credit scores below 640. This Credit One card also comes with an annual fee of $75 intro 1st yr, $99 after and reports account activity to all three of the major credit bureaus. Other Credit One credit cards require at least fair credit for approval.
If you use the Credit One Visa card responsibly over time, you may be able to qualify for a Credit One credit card with more attractive terms. Responsible card use means establishing a history of on-time payments and not maxing out the card’s credit limit.
You can get Credit One to pre-qualify you for one of their credit cards online, by accessing their pre-qualification page. The process will not hurt your credit score, as Credit One just does a soft inquiry.
If you’re prequalified for a Credit One credit card, your odds of acceptance are typically around … read full answer90%, should you decide to apply for real. But approval is not guaranteed. Prequalification simply means you may qualify for one of their cards based on a preliminary review of your credit report. You’ll still have to submit an application. Then, Credit One will pull your entire report. This is done with a “hard pull” or “hard inquiry,” which may cause your credit score to dip slightly.
The maximum credit line for a Credit One credit card is not publicly disclosed by the issuer. If approved for a Credit One card, applicants can expect a minimum credit line of $300 to $500 initially, depending on the card and their credit standing.
Credit One cards are designed for people of various credit levels, from … read full answerbad to good credit or better. The lower your credit score is, the lower your Credit One account’s maximum spending amount is likely to be. Credit One may periodically review your account for an automatic credit line increase. This usually occurs after you’ve had the card for at least 6 months. Credit One doesn’t release specific criteria for granting automatic increases.
How Annual Fees Affect Your Credit One Credit Card Limit
It’s important to know that if you’re approved, the amount of your credit line that’s available for spending may be reduced before you even use the card. Most Credit One credit cards charge an annual fee. If your card has an annual fee, it will be automatically applied against your credit line.
If Credit One’s maximum credit lines aren’t enough to meet your needs, focus on rebuilding your credit to the point where you can apply for a card with the potential for a higher credit line and lower fees.
Credit One might automatically increase your credit limit after six months, or you can request a Credit One credit limit increase online or by calling (877) 825-3242. For the best odds, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income Credit One has on file.… read full answer
How to Get a Credit One Credit Limit Increase Online
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