The rewards and features on the various Credit One credit cards are very similar, though. In fact, one of the main reasons for getting more than one Credit One card would be to have additional spending power. It is possible to qualify for better rewards as your credit improves, too.
However, Credit One credit cards can also be very expensive, so you may want to consider getting a second credit card from a different issuer instead. Some major credit card companies that have offers for people of all credit levels include Capital One, Discover, Bank of America and Navy Federal Credit Union.
It’s also good to note that each Credit One account can have multiple cards if you add authorized users. But since Credit One cards tend to have low credit lines and authorized users share the credit line with you, you might think twice before adding a user.
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.
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 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.… read full answer
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.
You may get a Credit One credit limit increase automatically, but you can also request a Credit One credit limit increase online or by calling customer service at (877) 825-3242. To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income Credit One has on file. Credit One will be more likely to increase your credit limit if the revised income clearly shows that you can afford a higher limit.… read full answer
How to Get a Credit One Credit Limit Increase Online
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