A review of credit one bank
Credit One Bank was established in 1984. At that time, it operated by the name First National Bank. It however adopted the name Credit One Bank in 2006 after it obtained CEBA status. Essentially, the bank deals with MasterCard as well as Visa. One thing that you will note about the institution is that it offers credit limits to individuals who have bad or insufficient credit histories. Basically, the company deals with sale of cards to individuals.
Official site is https://www.creditonebank.com
There has been a lot of controversy especially pertaining to their services and the charges that are incorporated in the cards. To start with, there have been complaints about the misrepresentation of the offers that the company makes pertaining to their credit cards. Credit One Bank reviews have also shown dissatisfaction with the procedures used in the billing process. Customers are specifically unhappy with what they term as hidden charges that come with the credit cards. Apparently, the customers have had their accounts added with charges that were previously undisclosed even before the accounts have activated. In addition, the respondents have been finding their due balances accumulating interest charges when they have not bought anything using the card.
Definitely, these are very serious allegations and therefore, it would be important that we look at the different cards that are offered by the company as well as their corresponding charges.
To start with, there is the Visa Classic Credit Card. This is a standard account from Credit One that clients can apply for online at www.creditonebank.com. One of the things that you will appreciate about the card is that it allows you to rebuild your credit using timely payments that are processed online. In addition, you will be in a position to fully access credit scores online every month free of charge. Moreover, you will be able to access credit line with a maximum of one thousand dollars as well as have the credit line increased automatically. The utility of the card is subject to the reviews pertaining to credit performance. Credit bureaus will be updated every month as pertaining to your performance though you will not incur any liability incase your card is used in fraud. This card comes with an annual percentage rate of 23.9% and an annual fee of 69 dollars billed monthly at 5.75 dollars. Other costs include enrolment fee at 69 dollars as well as transaction fees pertaining to cash advances at 3% of the requested amount or 5 dollars. You will also be notified every time there is a transaction.
Visa Platinum Card is the same as Visa Credit Card in all aspects with the only addition being the Travel Accident Insurance as well as Auto Rental Collision Damage Waiver. The Platinum Master Card is similar to the Visa Platinum Card though coming with the additional benefits like extended Warranty Coverage, AAA and Master Road Assistance Service.
There is also the Visa Black Card which is similar to the Platinum Master Card though you have the capacity to select your design, Auto Rental Collision Damage Waiver and Travel Accident Insurance. It comes at a higher annual fee of 81 dollars billed every month at 6.75 dollars.