Sailing the seas of credit!
So I finally broke through the barrier and got a new credit card! Not a secured one, an actual credit card with Credit One Bank. They’re not actually a bank, and the card itself is probably the shittiest card in credit card history, but it’s got MY name on it, and it’s got a tiny adorable little $200 credit limit, and it’s something I’ve been waiting for for many, many moons so that I can finally start putting some positives on what for over a decade has been a very negative credit rating.
I just spent about a half-hour staring at my account on their website and all the lovely $0.00 notations that appeared today under “balance due” - I paid the thing in full on Friday and spent an anxious weekend checking it roughly every 13 seconds to make sure that the payment posted. When I got the “preapproved” offer for the card in the mail a couple weeks ago I was extremely skeptical, but leapt at the chance to finally have a real live credit card again because for about three months now I’ve been trying to get a card again. My credit this summer finally went from “omfg no” to “no credit history” because all the bad stuff has finally dropped off. I knew it was just a matter of time before someone said “well, okay…we’ll take a chance on you,” but had had no luck and didnt want a secured card.
Then this offer came in the mail and I checked them out and yeah, the company is horrible, but this is where you start over, and I’m okay with that. This is where you begin, reestablish, and then move on to better cards with better companies. And it was pretty funny reading up on them because Credit One has a terrible reputation. Shocking, I know. But I noticed as I was reading that the loudest complaints seem to be coming from the folks who were bad credit risks, got the card, and continued to fuck around by making payments either late or so close to the deadline that they were doomed to be late, or shit like that.
Now I’ve got no doubt that this company is awful and that any problems with them are bound to be magnified by a factor of about a million when compared to dealing with a far more reputable credit card company (if there are any - sounds like an oxymoron to me), but the thing that worried me was I saw a couple people had made payments online and didnt see them posted for 14 days, or so they said. So that kind of scared the shit out of me and that’s why I was camping the online statement for three days. I honestly didnt think it would post today, being Veteran’s Day and all, but it did, and I’m all about the YIPPIEEEE!
I paid it through my checking account so I’d not only have the Credit One confirmation numbers but my bank would have a record of the payment, too, and Credit One can’t turn around and tell me they never got it. Since I dont trust the company, I’m being super cautious, but really, now that I see they even posted on a holiday and I’ve already been through the process once now, I am going to go with the belief that as long as I make a payment the day I get the statement, it’ll be posted within a few days, never even go near the “due by” date, and I’ll be fine.
I monitor my credit reports carefully now, and I saw yesterday that Credit One has reported a new account to all three credit bureaus, just like they said they would.
So that’s great, too. And in six or eight or 12 months from now, when I have months of unbroken, on time, more-than-minimum payments every single month, I’ll be able to tag one of the better companies and see if they’ll give me a better card, and get rid of this one and its four million percent APR, compounded six times daily and twice extra on Sunday.
Why am I telling you this? Because the day I got that card it was like a prison door opened in my life. It is my Next Chance at a Fresh Start. And I know that I’m going to do great with it because the only reason I got screwed in the first place was because I got laid off and couldn’t pay the bills and they wouldn’t allow me to enroll in the credit protection thingie even when I told the companies about the pending layoffs I was facing more than 90 days in advance. But up until the day I got laid off, I was paying about double the monthly minimum on all three credit cards I had at the time, and was doing extremely well with them and building a pretty good credit rating as a result. And that was on a significantly lower income than I have now. So I know that I can do extremely well with this thing, especially since it’s only a $200 limit, and I can’t really get into trouble with that. And even so, I enrolled in the credit protection thingie anyway. Never again will I be that fucking stupid and not enroll in the credit protection thingie.
So yeah, I got that card in the mail and actually had it out sitting on my desk, propped up against my monitor for about two days before I carefully and lovingly tucked it into my wallet. I couldnt stop staring at it. It is only a small rectangle of silver plastic, but for me, the incredibly significant meaning of this little card makes it completely transcend what it is to most people. I can’t stop thinking about it, I can’t stop staring at it, I can’t stop checking that stupid account page on their website and grinning cheesily as I gaze at that lovely, lovely $0.00 balance. And I’m cogitating very, very carefully what I want to buy first with it.
I was thinking maybe this and this. They have a buy them both and get a deal thing going for them on Amazon.com. But then there’s also this, which is enormously tempting, as well. And then there’s this. And this is also awesome.
And then, of course, almost (but not quite) everything on this list here is extremely tempting, but I do have to go through and update it with the newer stuff that’s come out since I built that list.
This is all just so exciting.




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