Is there a Credit One Mastercard credit card?

You can have two Credit One credit cards, but that might not be such a good idea, taking into consideration the annual fees, high APR and low credit limits.

Keep in mind, though, that if you have a bunch of credit cards with high balances, it’s quite possible you’ll get denied for more credit. But in that case, you aren’t being rejected because you have too many cards but rather because you have too much debt.… read full answer

The maximum credit line for a Credit One credit card is reportedly as high as $2,500, but that’s according to cardholder statements in online forums. Credit One does not publicly disclose any sort of maximum credit line. If approved for a Credit One card, applicants can expect a minimum credit line of $300 to $500 initially, depending on the card and the applicant’s credit standing.… read full answer

Credit One cards are designed primarily for people with bad credit (score of 639 or less) or no credit. 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.

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. Credit One charges an annual fee of $0 - $95 for the first year (up to $99 after). If there is an annual fee, it will be automatically applied against your credit line. So if your initial credit line is $300, you could start out with as little as $205.

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.