I know a lot of people in this forum have used an Orchard Bank credit card over the years when they started rebuilding their credit. So now that the Orchard Bank cards are no more, I've received a lot of questions about alternative options. In the secured credit card space there are still several decent options, like the Capital One Secured MasterCard, but there frankly aren't many unsecured credit cards for bad credit left on the market. The Credit One Bank Visa Card has been the one I've received the most questions about. So, for those of you that are interested, here's my recent review of the card: Credit One Bank Platinum Visa Review: The Pros & Cons. As always, if any of you have personal feedback regarding this card, I'd love to hear it. Hope you're enjoying the weekend! Update: Here's an updated review of the Visa Platinum from Credit One Bank: Visa Platinum from Credit One Bank
I know a lot of people hate Sherman, but this card surprisingly remains as one of the better options in the unsecured space for bad/poor credit. I haven't known too many people who have used it yet, compared to the Orchard Card, so it'll be interesting to see what kind of feedback we get know that Orchard is gone and more people give this card a try.
I used the CapOne Secured Mastercard a few years back and had no problems with that card and was able to get a $3000 limit unsecured credit card about 7 months after I started using the CapOne Secured Mastercard. Thanks! Heather with BoostMyScore.NET
I looked at the website. The CreditOne logo is a direct knockoff of the Capital One logo, and overt attempt to deceive customers into thinking this credit card is affiliated with Capital One Bank.
I have to chime in here, seeing as I have had the card for years, got it before I knew much about rebuilding my credit. I have some good things to say about the card if you have very bad credit and don't want to go the secured card route. The fees are high, but they stood behind me when my financial situation was bad, I called them and told them what happened and they froze my account so that I wouldn't accumulate over the limit fees, late fees and no blemish on my credit report, once I was able to get caught up, they unfroze the account. Also, they give you a free Fako credit score. Great place to start if you have bad credit, like Josh said, use it as a stepping stone. They also charge $25 for credit line increases. I will be closing it soon, but am thankful for the help they gave me along the way.
Nice to hear from someone who has used the card pudgy7. Thanks for chiming in. I didn't know about the $25 charge for CLI, so I'll be sure to look into that and add it to my review. Also, I find it very interesting that they were willing to freeze your account while you worked through some financial difficulties. How long ago did that happen?
Just curious- what was the first unsecured Capital One card you were able to obtain after using the secured card for 7 months?
I got an offer from CreditOne and I was approved for $300 a few weeks ago. I contacted them to inquire where was my card, they stated that I was approved, but I had to send it to them proof of my address, drivers license, ss card and some other form I would get from the Social Security Office. I asked around and someone told me that it was the way they do things just to make sure I'm the person who I say I am. I'll get that in to them by the end of the week and see what happens.
