A: Qualifying paycheck direct deposit customers are eligible to add Credit Line to their One account.
Q: Do I need a new One card to charge to Credit Line?
A: No! After adding Credit Line to your One account, you’ll use the same One card to use Credit Line. Assign your One card the Credit Line Pocket then spend as needed. You can reassign to another Pocket at any time.
Q: Can I transfer a balance from another credit card?
A: Yes! You can transfer a balance to Credit Line from another credit card. Create a virtual card in the Credit Line Pocket to pay down or pay off another card’s balance.
Q: How do I increase my Credit Line?
A: We designed Credit Line to look at your income, as well as your credit score. You’re more to us than just a three-digit number. To access Credit Line, add a qualifying paycheck direct deposit to your One account. We automatically evaluate if your credit limit qualifies for an increase with each paycheck. Watch your credit limit grow with time and consistent direct deposits as we build a history together.
Q: How much does Credit Line cost?
A: It doesn’t cost anything to add Credit Line to your One account! When you borrow money through the Credit Line Pocket there is a monthly grace period before interest is owed on a carried balance. You’ll have up to the bill due date to repay the full or minimum balance. After that date has passed, you will owe interest at 1% per month (12% APR⁑) on the outstanding balance.