Credit Cards You Should Think Twice About

In this video the Credit Shifu gives his followers a review on the credit card issuer Credit One Bank.  Credit One Bank sends mailers out to consumers often advertising their high interest brand credit cards designed for people with poor credit. 

One of the first discrepancies with Credit One is their credit card logo has a familiar resemblance to Capital One.  Another point to consider is when they send out mailers they normally send consumers a cardboard cutout of a credit card.  This cardboard cutout uses a similar background as credit cards advertised by Capital One.

In a nutshell Credit One resembles Capital One in many of its designs trying to make their credit card instruments appear more legitimate.  Their cards don't work like most cards do today giving consumers the opportunity to earn rewards points or miles.  You won't have this option but your credit card will work as a normal card just without the benefits and perks of accumulating points.

For someone that is having a hard time getting approved for a credit card it will still work for you.  You can rebuild your credit and Credit One does report your activity to the 3 major credit bureaus.  You will also have the option to manage your account online and have access to it 24 hours a day 7 days a week.

Just beware of some of the fees associated with the card which includes a $75 first year annual membership fee and thereafter it increases to $99.  The fee is broken down into monthly increments of $8.25.  Most consumers that are approved for a Credit One card receive a $300 credit line which reduces to $225 after the $75 fee.




For more info on Credit One cards visit: http://www.clipsit.net/apply-for-a-first-premier-platinum-mastercard/