Got a credit line increase already!!

[Intoodeep80]

Yup! CreditOne increased my credit line by $50 (to $350 total now) (LOL) ... the only way I discovered this was I was paying my monthly balance ($5.75 monthly svc fee) and I was just about to file away my statement when I noticed a little paragraph in the middle of the statement...almost too small to read:

"CONGRATULATIONS! YOUR CREDIT LINE HAS BEEN INCREASED BY $50 DUE TO YOUR GOOD PAYMENT HISTORY. THIS INCREASE IS EFFECTIVE IMMEDIATELY AND IS SHOWN ON THIS STATEMENT"



I cant believe Im stoked about a $50 increase, when pre bankruptcy I would get increases of $2500-$5000 Make your payments on time (I always pay it as soon as the statement comes) and apparently the increases will come!

Either way, a few months ago, I requested an increase from my Orchard Bank card and they said I'd have to wait a year.
Ive had the CreditOne card since August 2009 and the Orchard since April 2009.

[lookingforward]

Congrats! It feels good to use credit wisely.

[Intoodeep80]

Congrats! It feels good to use credit wisely.

I totally agree!!

And its so self gratifying to watch my credit score go back up every month... Pre-bankruptcy it seemed it was always going down

[jennordhavn]

Wow, you've had it since August and already got an increase...that's great. I've had mine since June and every month except one I've paid the balance in full (the other month I paid about 75% of the balance) and I haven't been given an increase yet!

[SPalin]

Just got an automatic $100 increase with my Credit One CC after only 5 months of on-time payments! No love from HSBC Best Buy MC, but maybe they increase it next month at 6 months? Credit One is better than HSBC and has better customer service, too, but that's my opinion!

[yourbabymomm]

IRT CreditOne, Is the only fee they have a $75 membership fee?
I read the terms and conditions and don't see anything about OTHER fees (like how First Premier has about a billion of).
I need another TL and don't mind having this as a sock drawer; if the $75 is it I might go for it. Some of the other easy ones I included in the bk so they are probably not an option!

[SPalin]

I only have the Annual Fee of $75, no monthly service charge as some people have, or account set up fee, ect. They do charge to request a credit line increase, but I received one at 5 months and didn't cost me a thing. This card is diffidently better than First Premier, and for me better than Best Buy mastercard as I have already received a CL!

[carlsbadmike]

I just applied for a First Premier credit card and was approved. I was apprehensive because of the interest rate and fees, but it was the only credit card that I could get to go through. It's only been 90 days since I filed Chapter 7, and about 21 days since I received my discharge letter. I plan to pay it off every month as soon as I get the statement and am looking forward to starting to rebuild my credit. I was denied approval from Orchard Bank and Capital One-even though it was pre-approved. Good luck to all of you in rebuilding your credit.

[yourbabymomm]

For anyone who hasn't been approved for anything thus far, please go for a secured card through a credit union or hsbc before you go for something like FP. There are secured cards that you can get where you don't have to put that much into it ($100). It's worth the time to save up so you don't have to deal with the fees, but of course if it's a last resort, I get it!
Carlsbad, have you tried for BBRWZ? I included them in our bk and got one within a month or so of discharge. Also, try Fingerhut if you haven't already. They report within a couple of weeks of getting the credit line.