ED Magedson – Founder
CREDIT ONE BANK585 Pilot Road Las Vegas, Nevada USA
CREDIT ONE BANK, www.creditonearbitration.com, www.creditonebank.com Credit One Bank Deceptive Trade Practices Las Vegas Nevada
Credit One Bank passes itself off as Cap One Bank, including all of the same type of logos and website set up. But it is nothing like Cap One.
Credit One Bank gives you a credit card with a limit of $300, then immediately takes away $75 of that in "annual fees." Then it charges 23.9 percent interest on a daily basis. Sure, this may be in the fine print, but do they disclose they charge it on a daily basis? So if you wanted to close your account, you are out of luck. They will keep charging interest since you will never know the payoff amount.
This bank alleges to improve your credit, but what Credit Reporting Agency will improve your credit with a $300 limit which is immediately reduced to $225 by charging an annual fee? This bank has more negative reports than any other bank I have ever seen.
I cannot close my account because the people answering the phones read scripted answers and have no knowledge whatsoever. This bank is once to stay away from. You are better off applying for a Store card like Target, Macys, Nordstrom, or Capital One Bank, not Credit One Bank!
This report was posted on Ripoff Report on 07/20/2014 03:31 AM and is a permanent record located here: http://www.ripoffreport.com/r/CREDIT-ONE-BANK/Las-Vegas-Nevada-89119/CREDIT-ONE-BANK-wwwcreditonearbitrationcom-wwwcreditonebankcom-Credit-One-Bank-Dec-1163486. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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