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www.creditonopen.com - Promotion
As outlined in the promotional material sent to people with bad to average credit, the below offer may be applied for online with acceptance notification.
| Credit One Bank® Visa Platinum Card |
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- Visa credit card with features to help you stay on track
- Credit line up to $1500
- Credit line increase reviews
- No enrollment fee and no over limit fees
- Pick your payment due date to fit your schedule
- Get email or text alerts to remind you when your payment is due
- Monthly updates to all major credit bureaus
- Free online monthly credit score tracking included
- *See Card Terms & Conditions for Details
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Intro APR
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Intro APR Period
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APR
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Annual Fee
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Balance Transfer
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Minimum Credit Required
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N/A*
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N/A*
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23.90*
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$95
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N/A
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Fair
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creditoneopen.com Cards & Responsible Spending
More than half of all credit card users have more than one credit card. There are both advantages and disadvantages to having multiple cards, but if you learn how to use more than one card responsibly you will be better positioned to take advantage of the benefits.
Keeping several cards in your wallet without a plan of action can be dangerous. Before you know it, you’re just pulling out any of your plastic to pay for purchases and you could end up with more debt than you can pay back. One good way to manage multiple cards is to use each card for a specific purpose, based on the rewards or benefits offered by each card. For example, a card that offers 5% cash back on gasoline can be your designated fuel card; a card that gives a discount or travel rewards for all online purchases can be your designated online shopping card, and so on.
Take a look at the terms and benefits of each of your cards, and determine what the best use of each card will be moving forward. Make a note of it so you remember which card to use for each type of purchase when you’re out and about.
Regardless of how many credit cards you have in your name or what types of purchases you make with each card, you need to keep your total spending within your available budget. Ideally, you will pay all of your credit card purchases in full each month to avoid carrying a balance from one month to the next and paying interest on your purchases. Not only will you save money, but you will quickly improve or maintain a high FICO credit score by keeping your debt to available credit ratio low and making on-time payments.
If you are using credit cards to pay for all of your purchases and expenses throughout the month, you will want to keep track of the total amount you spend. It can be really easy to lose track of spending when you aren’t pulling out cash to pay for it. Know how much you earn and what you can afford to spend, including any utilities and living expenses you pay for using your credit cards, and make sure to keep enough money available to pay off your cards when the statements arrive each month.
Credit card rewards programs offer different types of rewards. If you have just one card or are considering a new www.creditoneopen.com deal as your first, you will not be able to take advantage of rewards programs. With multiple cards and a system for keeping track of what you are spending and where, you can earn a variety of rewards from cash back to merchandise to travel discounts.
With multiple cards, you have the opportunity to move higher interest balances to a lower interest card to better manage your debt and pay less for interest.
When you travel, having access to more than one card is ideal for emergency purposes which makes creditoneopen.com an ideal choice for travel and emergency use. If one card is lost or stolen, you can report it to the company but it generally takes 24-48 hours before you can get a replacement card. If you’re traveling, this can be a major problem. Having other credit cards can provide a backup source of funds in the event of an emergency.
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