Comparing Credit One Bank Credit Card Offers
Updated: December 28, 2020
Credit One Bank is a major leader in the credit card industry with humble beginnings that has expanded quickly into a national authority. For 35 years, Credit One has provided consumers, primarily within the fair to good credit range, with a well-rounded credit card spectrum that offers cash back rewards for everyday purchases.
Here, we delve into Credit One Bank and what their cards can offer you:
What are the best Credit One credit cards?
Credit One Bank® Visa® for Rebuilding Credit
Why it’s the best Credit One Bank credit card for bad credit
If you have a bad or fair credit score, it can be difficult to find a card in your credit range that gives you the tools you need to help improve your creditworthiness while also earning rewards and benefits.
With the Credit One Bank® Visa® for Rebuilding Credit, you’ll earn 1% cash back for the purchases that you’re already making everyday (terms apply). Plus, you’ll get benefits that can help you manage your credit, like free access to your monthly credit score and credit report through Experian. This card could be a valuable tool in getting your credit health on track while reaping plentiful benefits and rewards.
Credit One Bank American Express® Card
Why it’s the best Credit One Bank credit card for fair credit
This is a solid, low-cost card for those with fair credit looking to strengthen their overall credit health. Credit One and American Express have paired to offer low fees and a straightforward rewards structure of unlimited 1% cash back on all purchases (terms apply). This card’s simplicity gives it a lot of value.
With the opportunity to raise your credit line based on your overall credit performance and free access to your Experian credit score, this card boasts tools that can help you improve your credit score. Plus, if you’re interested in applying, but worried about your credit taking a hit due to uncertain approval odds, you can check online to see if you prequalify with no impact to your credit score.
Credit One Bank® Platinum Rewards Visa
Why it’s the best Credit One Bank credit card for rewards
This card offers a lavish rewards structure that’s hard to beat among other credit-building cards. Although it does have an annual fee of $95, the rewards that you’ll earn have the potential to offset it.
Cardholders earn 5% cash back ($5,000 limit; 1% thereafter) on everyday purchases, like gas, groceries, cell phone and internet services and cable and satellite TV (terms apply). So if you foresee yourself spending largely in these areas, this card can offer big benefits to your everyday shopping. Plus, you’ll get a whopping 10% cash back through Credit One’s More Rewards Program, which is a card-linked offer program. However, the offers change frequently, so if kept a close eye on, this could be an immense cash back rewards opportunity.
Credit One Bank® Platinum Rewards Visa with No Annual Fee
Why it’s the best Credit One Bank credit card for no annual fee
Featuring a decent reward system, the opportunity for future credit increases based on credit performance and no annual fee, this card is a fine option for those with good to excellent credit.
Due to no annual fee, you won’t have to worry about it cutting into your hard-earned cash back rewards. You’ll earn 2% cash back on eligible gas and grocery purchases, as well as mobile phone, internet, cable and satellite TV services (terms apply), which are the everyday purchases that you’re already making, so the rewards can really accrue. Our experts estimate that the typical cardholder who spends the average amount and puts $3,600 on their card annually can earn $72 per year. When compared to other credit-building cards, that is a competitive rating, so in a way, it pays you to use your card.
Credit One Bank® Visa® Cash Back Rewards
Why it’s the best Credit One Bank credit card for cash back
With the reasonable cash back rewards structure and potentially low fees, this card may be a good option for those in the fair credit range.
You’ll earn unlimited 1% cash back on eligible gas and grocery purchases as well as mobile phone, internet, cable and satellite TV services (terms apply). If you’re a high spender in these areas, the primary value of this card will come in the form of the unlimited cash back earning potential. Plus, this could be a great tool to help you rebuild your credit due to the stellar benefits you’ll gain access to, like automatic account reviews for credit increases, free monthly online credit score monitoring and custom payment reminders and fraud alerts.
NASCAR® Credit Card from Credit One Bank®
Why it’s the best Credit One Bank credit card for NASCAR fans
If you’re a frequent shopper at the NASCAR shop, this card could be a great way to get rewarded for the purchases you’re already making.
Not only can you earn double cash back rewards (2%) at the NASCAR shop, but you’ll also earn 1% cash back rewards on all other purchases (terms apply). In addition, you can gain exclusive access to deals and discounts from NASCAR merchants, including a discounted membership to the official NASCAR members club. This also is a card worth considering if you’re looking to rebuild your credit or strengthen your score, as you get free access to your Experian credit score (terms apply).
Compare the best Credit One credit card offers of 2021
|Card name||Best For||Annual Fee||CreditCards.com review|
|Credit One Bank® Visa® for Rebuilding Credit||Best for bad credit||$0-99||Review|
|Credit One Bank American Express® Card||Best for fair credit||$39||Review|
|Credit One Bank® Platinum Rewards Visa||Best for rewards||$95||Review|
|Credit One Bank® Platinum rewards Visa with no annual fee||Best for no annual fee||$0||Review|
|Credit One Bank® Visa Cash Back Reward||Best for cash back||$39||Review|
|NASCAR Credit Card from Credit One Bank®||Best for NASCAR fans||$0-99||N/A|
What is Credit One Bank?
Credit One Bank describes itself as “a technology and data-driven financial services company” that started as a single-standing full service bank in 1984. Since then, it has quickly grown into one of the top credit card issuers in the country, acquiring millions of accounts. As one of the largest issuers in the United States, Credit One Bank distributed $7.5 million in 2019 charitable donations and over $86 million in cash back rewards paid.
The bank offers an array of different cards and structures, but seems to have found a go-to customer they’re appealing to with some of their options. For consumers in the fair to good range who are still looking to be rewarded, don’t overlook the best Credit One credit cards. They’re also the official credit card for large sports teams and corporations, such as NASCAR, the Big 12 Conference, and Las Vegas’ new hometown squads – the Raiders and Golden Knights.
The quick growth of Credit One Bank
|July 1984||Starts out as a full-service bank in San Rafael, California|
|May 2002||Revises logo with arc, which symbolizes the positive path toward credit health between the bank and card members|
|December 2005||Acquires 1 million active accounts|
|October 2007||Launches free credit score access through Experian to cardholders|
|December 2013||Introduces 1% cash back rewards program on eligible purchases|
|January 2014||Becomes a top 10 issuer of Visa® credit cards|
|February 2016||Announces sponsorship as Official Credit Card of NASCAR|
|August 2017||Announces official sponsorship with NHL’s Vegas Golden Knights|
|July 2018||Receives $6 billion in receivables|
|August 2018||Launches Vegas Born Credit Card, the official Credit Card of the Vegas Golden Knights|
|October 2018||Announces official sponsorship of Big 12 Conference|
|December 2018||Announces sponsorship of Triple A affiliate of Oakland A’s, the Las Vegas Aviators|
Credit One Central™
Credit One offers a plethora of resources for credit building, financial education and credit basics. Credit One offers advice such as “5 Ways to Help Pay Down Debt” and “How to Improve Your Credit Score- 5 Quick Methods”, perfect for continuing or starting your credit-building journey.
Which Credit One card is best for you?
While other high-end credit cards may have flashier benefits and rewards structures, Credit One offers a better than average rewards structure for those with less than stellar credit. Here is who can benefit from Credit One products:
If you have thin or bad credit, The Credit One Bank® Visa® for Rebuilding Credit or the Credit One Bank American Express® Card can empower you to make wise credit and spending decisions. Both cards offer decent rewards structures and tools to help you manage your credit, but the annual fee for the Credit One Bank® Visa® for Rebuilding Credit is based on creditworthiness, while the Credit One Bank American Express® has a flat $39 annual fee.
The rewards seeker
The Credit One Bank® Visa® Cash Back Rewards card could be an ideal choice for the everyday shopper seeking to rack up the rewards. With a low annual fee and unlimited cash back earning potential, this card can offer you the tools you need to get some cash back rewards in the bank.
If you’re in the good to excellent credit range and looking to maximize your potential rewards earnings, the Credit One Bank® Platinum Rewards Visa with No Annual Fee is a good choice. Complete with a slightly higher rewards structure than the Visa® Cash Back, you won’t have to worry about an annual fee cutting into your cash back.
Comparing two Credit One Visa® cards…
|Features||Platinum Rewards Visa||Visa® Cash Back Rewards|
|Rewards||Rewards 5% cash back on gas, groceries, cellphone services, internet, and cable or satellite TV service purchases (on first $5,000 in spending, then 1% on all other purchases) Terms apply.||1% cash back rewards on eligible gas and grocery purchases as well as mobile phone, internet, cable and satellite TV services. Terms apply.|
|Spend||$500 a mth/12 mths||$500 a mth/12 mths|
|Required credit||Fair, good||Fair, good|
|Total end of year?||$260-$95=$165||$60-$39=$21|
What are the benefits of having a Credit One card?
There are many credit-building features and benefits that come with having a Credit One credit card. When used responsibly, a Credit One card could be the tool you need to strengthen your credit health and stay on track. Here’s what this bank issuer offers:
- Free credit score – You’ll gain online access to your Experian credit score and a monthly summary of your credit report.
- Customizable account notifications – Tailor your notifications to help you stay on top of what’s important, such as when your payment is due and notices about account activity.
- Higher credit lines – Based on your overall account activity you can receive automatic reviews for increased credit lines.
- Zero fraud liability – This protects your account against unauthorized transactions.
- Counterfeit protection – EMV chip technology will protect your finances from counterfeit activity.
- Added peace of mind – Find security with Credit One’s Optimal Credit Protection (terms apply).
- Credit One bank mobile app – Manage your account, pay your bills, check your balance and more.
- Phone payments – Make secure payments on your mobile device with Apple Pay, Samsung Pay and Google Pay.
Laura is an editor and writer at CreditCards.com. She has written extensively on all things credit cards and works to bring you the most up-to-date analysis and advice. Laura’s work has been cited in such publications as the New York Times and Associated Press. You can reach her by e-mail at email@example.com and on Twitter @creditcards_lm.