Credit One Bank is a fraudulent Scam. Credit One Bank is connected with Experian Credit Reporting.
Experian suggests when you log into your Credit Report online that you are preapproved for a Credit One Bank American Express Card. Experian facillitates the application to apply for this card.
You are not told that you will be charged the yearly fee upfront. You are also not told that they will require you to link your bank account to them if you want to make a payment out of your checking account, or that over the phone that you will be required to pay a fee of $4.95 to make a payment, and that people in a foreign country will have access to your bank account.
You should never link your bank account with Credit One Bank or Paypal, Venmo or any other Payment
Processor. This will allow them full access to your Bank Account and they can empty your bank account
without your permission.
Instead of improving your credit score, Credit One Bank will immediately make your credit score go down and then refuse to report they have opened an account with you to the Credit Agencies. They will also not send you a letter in writing that they have approved your account which is a violation of the Fair Credit Reporting Act. Then they will not mail the credit card out and when you call them, they will make excuses that they are having shipping problems. Once you get the card and activate it, that is when the real problems start.
NEVER OPEN A CREDIT ONE BANK ACCOUNT, EVER!!!! Credit One Bank has over 2500 complaints on the Better Business Bureau website. Most of those complaints state the above, and more like failure to credit your account when you make a payment and then applying late charges, fees and reporting you delinquent to the credit reporting agencies ruining your credit. This Bank cannot be trusted.
Before you open any credit account, check google, the Rip Off Report for complaints. I made the mistake of not checking. Now I will have to go thru a middle east war to close out this account and get them off my credit report.