Why is there a $75 charge on my credit one credit card? (2024)

Why is there a $75 charge on my credit one credit card?

ANNUAL FEE: The Annual Fee of $75 will be billed to your Account when opened. It's refundable as long as you cancel your Account and have not made any transactions.

Why did Credit One charge me 75$?

Credit One says the Platinum E3 Visa is meant for people who are building or rebuilding credit. If that's you, expect to pay a price for carrying the credit card. Cardholders with bad credit (credit scores of 629 or lower) will pay a $75 annual fee in the first year and $99 thereafter.

What is the Credit One 75 annual fee?

Rates and fees: Annual fee might be too costly

Although it doesn't require a security deposit, the Credit One Bank Platinum Visa for Rebuilding Credit is far from a low-cost card. The biggest potential cost to consider is the annual fee: $75 for the first year, then $99 per year after (billed at $8.25 per month).

Why is Credit One charging me an annual fee every month?

Why credit cards have annual fees. Credit card companies make money on the fees they charge customers, including the annual fee, interest charges that rack up when you don't pay your bill in full each month and interchange fees that businesses pay every time you swipe your card.

What is the Credit One $95 fee?

Credit One Bank Platinum X5 Visa: Overview

Though this $95 annual fee card offers a high rewards rate at first glance, restrictions on how much credit you're extended can limit your rewards. For example, the initial minimum credit line is $500, but the $95 annual fee is subtracted from the credit line.

Does Credit One Bank have a $75 fee?

The annual fee is $75 for the first year, $99 thereafter (you might see different terms on Credit Karma). The first year's annual fee is deducted from your credit limit. After the first year, the fee is billed at $8.25 a month.

Why did Credit One charge me?

Credit One has charged fees for credit limit increases and "express payments," meaning payments that post right away. Most card issuers offer these basic services free of charge.

How to avoid Credit One fees?

Credit One normally doesn't grant annual fee waivers outside of its Credit Protection Program, but if you call customer service and the representative declines to waive your annual fee, state that you'd like to close the account. They may offer to waive the annual fee to keep you as a customer.

Is there a monthly fee for Credit One?

Annual fee: The Credit One Visa for Rebuilding Credit card does have an annual fee, as do most unsecured credit building cards. The fee is $75 the first year and $99 per year after that (billed as $8.25 monthly) and is charged against your credit line.

Is there a monthly fee for Credit One credit card?

The annual fee is $75 first year, then $99 annually, billed at $8.25 per month. If you have average credit, the annual fee drops to $39. The card earns 1% cash back on gas and groceries, as well as mobile phone, internet, cable and satellite TV services.

How much is the Credit One charging me annual fee?

ANNUAL FEE: The Annual Fee of $95 will be billed to your Account when opened. It's refundable as long as you cancel your Account and have not made any transactions. The Annual Fee will bill again each subsequent year until the balance is paid is full and your Account is closed.

Is Credit One a good credit card?

With limited benefits and costly fees, Credit One Bank credit cards don't make sense no matter what your credit score is. Several of these cards are aimed at people who are rebuilding their credit, but you can find credit cards for bad credit that don't charge any fees.

How much is the Credit One credit card annual fee?

Annual Fee^†: $95

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Why did Credit One charge me 95 dollars?

ANNUAL FEE: The Annual Fee of $95 will be billed to your Account when opened. It's refundable as long as you cancel your Account and have not made any transactions. The Annual Fee will bill again each subsequent year until the balance is paid in full and your account is closed.

What is the highest credit limit for Credit One?

Do all Credit One cards have an annual fee?

The Credit One annual fee can be as low as $0 or as high as $99, depending on the credit card. Credit One will bill the annual fee to your account when you open it. Keep in mind that this will reduce your initial available credit until you pay it off.

What bank is Credit One under?

Credit One Bank, N.A. is an American bank and financial services company specializing in credit cards, particularly for borrowers with low credit scores. It is a wholly-owned subsidiary of Credit One Financial, incorporated in Nevada.

Is Credit One only for bad credit?

WalletHub's Take: The Credit One Bank® Platinum Visa® is a decent unsecured credit card for people with fair credit that offers 1% cash back on eligible purchases and charges an annual fee of $39.

Does Credit One up your limit?

Credit One might automatically increase your credit limit after six months, or you can request a Credit One credit line increase online or by calling (877) 825-3242. For the best odds, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income Credit One has on file.

How do I get rid of Credit One?

The easiest way to cancel a Credit One card is by calling customer service at (877) 825-3242. Another way to cancel your card is to mail the request. Credit One does not offer an option to cancel online.

Why am I getting random charges on my credit card?

1 Often, unauthorized charges result from credit card theft—either from a stolen credit card or a compromised card number. Sometimes, unauthorized charges result from clerical error or a computer glitch.

How do I report a charge on Credit One?

If you notice suspicious activity or have a concern about your Credit One Bank account's safety, call Customer Service at 877-825-3242. If you're outside the U.S. call 1-702-405-2042.

Can I overcharge my Credit One card?

Credit One may allow you to go over the limit when making a purchase (without having to opt in for this feature), but there is no guarantee that it will happen.

Can Credit One take you to court?

If you owe a debt to Credit One, there is a chance they will sue you for it or sell it to a debt collection agency. When you get sued for a Credit One Bank debt, you can fight back and win.

Is Credit One good for rebuilding credit?

This card is great for rebuilding credit and maintaining it. They offer great service, satisfaction, and opportunities! I love credit bank one, it came through from me when I was rebuilding my credit.