Credit One - Credit One Review

Credit One is one of the worst type of credit cards that have been available to consumers with no, or bad, credit history.

This card can easily be applied for through their website, but at what expense? Once you get the first bill, you will find out that you have been charged all kinds of fees:

Enrollment Fee ($69)

Annual Membership Fee ($69)

Annual Percentage Rate of (23.90%)

Online Payment Fee ($7.95) (they even charge you to pay your balance!)

Late Payment Fee ($32)

Very, very low Credit Limit ($250 in CA!)

Credit One does not have a good customer service either, since they take "risky" consumers. They do not have any phisical banks or financial branches available to their customers. So, they only way to do business with this company is by calling them. If you call their center, they do not have any professional system in place. In that the customer would have to call and wait for someone to pick up the phone, rather than the other financial institutes where you expect a modern, automated system that helps you through.

The only nice aspect of Credit One is that they make your Credit Score available on their web site free of charge.

All in all, I do not recommend this Credit Card company to anyone at all. There are plenty of financial establishments that can help people with no, or bad, credit history for much better rates and do not burden you with mythical fees.