CarefulBuilder14 wrote:The logo is eerily similar.
The fact Credit One having both name and logo similar to Capital One has confused several people. I even saw someone said he got a *Capital One* offer with $75 annual fee and $99 thereafter (or something like that) which I believed was actually a Credit One offer.
CarefulBuilder14 wrote:Both banks have a major part of their business in credit cards for subprime customers.
Capital One serves people with a wide span of credit rating, so from subprime to super-prime with a variety of product choices.
Credit One is basically for rebuilding and not other purpose, since it only has one Visa Platinum product listed on their page with different prices. However, someone at MyFico saw a MasterCard offer there when he/she logged in to online account.
To apply for a Credit One card, you have to get prequalified first, either by checking it online or getting a mail offer. Apping directly without the prequalification is not possible. It is impossible for someone with high credit rating to get prequalified online - they will get an electronic denial letter saying they didn't score well. With some kind of derogatory marks (though not way too serious) then it is possible to get prequalified.