The 6 Best Credit One Bank Credit Cards – Everything You Need to Know

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Credit One Bank, headquartered in Las Vegas, primarily focuses on 2 types of products — partially and fully secured credit cards. With nearly 40 years in business, it has issued over $105 million in cash-back rewards to its 10 million+ cardmembers.

Credit One Bank has many credit cards specifically geared towards consumers in the fair to good credit range, while also offering cash-back rewards for everyday spending. It is also the official credit card for large sports teams and corporations, such as NASCAR, the NHL’s Vegas Golden Knights, and the NFL’s Las Vegas Raiders.

Our review will explore and detail each of the available Credit One Bank credit cards to see which one might be the best fit for you. You can also check if you pre-qualify for these cards before you apply. This means that you can see which cards you are eligible for and what kind of fees are associated with the card ahead of time without risking a hit to your credit score. Let’s see what Credit One Bank credit cards are on offer!

Overview of the Best Credit One Bank Credit Cards

  • Best for Bad Credit: Credit One Bank® Visa® Credit Card
  • Best for Fair Credit: Credit One Bank American Express® Card
  • Best for Rewards: Credit One Bank® Platinum Rewards Visa
  • Best for No Annual Fee: Credit One Bank® Platinum Rewards Visa with No Annual Fee
  • Best for Cash-Back: Credit One Bank® Visa® Cash Back Rewards
  • Best for Sports Fans: NASCAR Credit Card from Credit One Bank® OR Vegas Golden Knights Credit Card
Credit One Bank Credit Cards
Image Credit: Credit One Bank

Account Features and Benefits of Credit One Bank Credit Cards

Each one of the Credit One Bank credit cards has the following:

  • Online banking login for all accounts
  • Access to your monthly free credit score from Experian
  • Customizable account notifications to stay on top of payment due dates and notices about account activity
  • Automatically applied increased credit lines based on your account activity
  • Credit One Bank mobile app (iOS and Android) to manage your account, pay your bills, and check your balance
  • Ability to make secure payments on your mobile device with Apple Pay, Samsung Pay, and Google Pay
  • Zero fraud liability and EMV chip technology
  • Online paperless statements

Review of Credit One Bank Credit Cards

Credit One Bank® Visa® Credit Card

With the Credit One Visa card, you’ll earn 1% cash-back on eligible everyday purchases of your choice, including gas, groceries, phone, internet, cable, or satellite TV. Most cards for people with credit scores in the range of 300-670 offer nothing back, so this is pretty unique!

Most secured credit cards require a security deposit, which equals your initial credit limit. But when you apply for the Credit One Visa card, you don’t have to make a deposit and will receive a minimum credit limit of $300. This limit will be regularly reviewed to see if you qualify for credit limit increases.

This card does come with a few downsides. The annual fee is based on your current creditworthiness, so it could range between $0 and $95 in the first year and $0 to $99 after that.

Hot Tip: Depending on how much you’re spending and what category of spending you select to earn rewards on, it is very likely that your Credit One Visa card’s annual fee will be more than your rewards.

In addition, the variable APR on this card ranges between 17.99% to 23.99%. Interest fees can add up quickly if you don’t pay off your balance each month.

Overall, if you don’t have the best credit score, but use this card thoughtfully, it could be a valuable tool in getting your credit on track while also receiving some great benefits and rewards in the process!

Credit One Bank American Express® Card

The Credit One Amex card is a solid, low-cost card for those with fair credit looking to earn rewards. You earn 1% cash-back on all purchases, regardless of where or what you buy, and the cash-back is automatically applied each month as a statement credit.

Because of this, you won’t have the option of requesting a check or redeeming your rewards for travel or gift cards. Keep in mind, if you have a better credit score, you might be eligible for cash-back cards that offer 1.5%-2% back on all purchases or even more on purchases in specific bonus categories, such as the Citi® Double Cash Card.

Bottom Line: If you’re looking for an easy way to reduce your monthly balance, applying for the Credit One Amex card could be a great option for you.

This card is an unsecured card, so it doesn’t require a security deposit. The minimum credit limit is $500, which is already a bit higher than that of the average credit-building card.

Being an American Express card, there are other benefits that come along with this card including car rental loss and damage insurance, travel accident insurance, purchase protection, extended warranty protection, and access to targeted Amex Offers.

This card does come with a few downsides. Even with no cash-back limit, it will be difficult to make up the card’s annual fee of $39 via cash-back rewards. To break even, you’d have to charge at least $3,900 per year (or $325 per month) with the card.

In addition, the variable APR on this card is a high 23.99%. Interest fees can add up quickly if you don’t pay off your balance each month.

Credit One Bank® Platinum Rewards Visa

Credit One Bank Pre Approval
Image Credit: Credit One Bank

The Credit One Platinum Rewards card offers a hefty rewards structure that’s hard to beat among other credit-building cards. Cardholders earn 5% cash-back up to a $5,000 limit and 1% thereafter on everyday purchases, like gas, groceries, cell phone, internet services, and cable and satellite TV.

Furthermore, cardholders have the chance to earn even more rewards (up to 10% cash-back) if they remember to use their card at the participating retailers. They also get access to exclusive discounts available only to Visa cardholders.

This card is targeted toward people with fair to good credit scores and comes with an annual fee of $95 and a low initial credit limit. The limit of $300 is also minus the annual fee, so initially, it will actually only be a $205 limit.

The upside is that cardholders with low initial balances can expect credit increases based on consistent good behavior, such as paying off your card in full each month and making timely payments.

This card conducts automatic account reviews, which can be a great incentive for paying off balances in full and on time. If you make your payments on time, you’ll also avoid the high variable APR of 23.99%.

Credit One Bank® Platinum Rewards Visa With No Annual Fee

This Credit One Bank card is pretty similar to the card described above, with 1 major difference — no annual fee! This card also features a decent reward system, but not as good as the card above. You’ll earn 2% cash-back on all eligible purchases of gas, groceries, internet, cable, and satellite TV services, which are regular expenses that you’re likely paying for already.

You also have the opportunity for future credit increases based on credit performance. When compared to other credit-building cards, the rewards structure is high, so it definitely pays you to use your card.

Hot Tip: Because the annual fee isn’t a factor for the Credit One No Annual Fee Platinum card, all rewards you earn on eligible purchases will be money straight into your pocket.

The card does have a variable APR of 23.99% for all cardholders, but if you make timely payments, this card is a fine option for those with good to excellent credit.

Credit One Bank® Visa® Cash Back Rewards

The Credit One Cash Back card earns 1% cash-back on eligible gas and grocery purchases as well as mobile phone, internet, cable, and satellite TV services. If you’re a high spender in these areas, the primary value of this card will come in the form of unlimited cash-back earning potential since there is no cash-back limit and no annual fee to offset your earnings!

Since this card is targeted toward customers with fair to average credit, it can help you rebuild your credit if you take advantage of all of Credit One Bank’s benefits, like free monthly online credit score monitoring, custom payment reminders, and fraud alerts.

On the negative side, the initial credit limit is low at $300.This card does at least conduct automatic account reviews to increase your credit limit, which can be a great incentive for paying off balances in full and on time. In addition, the variable APR on this card is extremely high at 25.49%.

NASCAR® Credit Card from Credit One Bank®

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. You’ll earn double cash-back rewards (2%) for purchases from the NASCAR shop and 1% cash-back rewards on all eligible gas and automotive purchases.

In addition to the access to Credit One’s benefits such as your monthly Experian credit score, fraud protection, and the convenience of the online mobile app, you also get access to deals and discounts from NASCAR merchants, including a discounted membership to the Official NASCAR Members Club.

The annual fee for this card ranges from $0 to $99 and the variable APR ranges from 17.99%-23.99% — both based on your creditworthiness.

Bottom Line: Overall, the Credit One NASCAR card is worth considering if you’re looking to rebuild your credit or strengthen your score, get rewarded for your NASCAR purchases, and want to take advantage of Credit One Bank’s online tools and rewards.

Vegas Golden Knights Credit Card

Credit One Bank Las Vegas Card
Image Credit: Credit One Bank

If you’re a super-fan of the Vegas Golden Knights, Credit One Bank’s newest card might be for you. It is the official credit card of the team and is “the perfect way to show off your #VegasBorn pride.”

You get 1% cash-back rewards on gas, groceries, monthly mobile phone, internet, cable, and satellite TV services. You also get access to deals and discounts that will enhance your game night experience. The annual fee ranges from $0-$99 and the variable APR ranges from 17.99%-23.99% — both based on your creditworthiness.

Overall, this card is worth considering if you’re looking to rebuild your credit or strengthen your score, earn some rewards for your everyday purchases, and want to show your team pride.

How to Get Approved for Credit One Bank Credit Cards

Because Credit One Bank cards are primarily geared toward customers with fair to good credit scores, the odds of approval are relatively high. The annual fees, low initial balances, and higher than usual APRs are designed to motivate good credit performance.

Credit One Bank Website
Image Credit: Credit One Bank

The best part is, you can input your information into Credit One Bank’s card match system. This tool can determine your pre-qualified offers, see which card is the best fit for you, and let you know your expected annual fees and APRs ahead of time.

All of this can be seen without a hard credit inquiry. Since hard credit inquiries can have a negative impact on your credit score, Credit One Bank makes it easy to shop around and see what is best before you make a final decision on which card to choose.

How to Make Payments on Credit One Bank Credit Cards

You can make a Credit One Bank credit card payment online or through the mobile app, by mail, through Western Union or MoneyGram, and by phone.

Online/Mobile App

The easiest way to pay Credit One Bank credit card bills is either online or via the mobile app. You will first need to create an online Credit One Bank account, then log in and navigate to the Payments section.

You can make a payment with a debit card, ATM card, or bank account, depending on whether you make a standard payment or an express payment.

Standard Credit One Bank credit card payments can only be made by bank transfer and will reflect on your account balance within 7 days. Express Credit One Bank credit card payments cost $9.95 each and can be made with a debit card, ATM card, or bank account. They are processed faster than normal payments and will show up on your account within a couple of days.

Check

You can send a check along with the payment coupon attached to your monthly statement, by mail to:

Credit One Bank
Payment Services
P.O. Box 60500
City of Industry, CA 91716-0500

MoneyGram/Western Union

If you prefer to send a payment through MoneyGram or Western Union, you will need to provide your 15- or 16-digit Credit One Bank card number, along with a special verification code.

For MoneyGram payments, the Credit One Bank “receive code” is 1430. For Western Union payments, the “code city” is CREDITONEBANK and the “code state” is NV. Note that both Western Union and MoneyGram charge fees for sending payments.

By Phone

You can also make a payment over the phone by calling 877-825-3242.

Either enter your Credit One Bank card number when it’s requested and follow the prompts to make a payment, or you can speak to a representative to assist you with making your payment.

Final Thoughts

If you have good credit (or better), you might find other credit cards with better benefits and rewards structures, however, Credit One Bank has a better-than-average rewards structure for those with less than stellar credit.

Credit One Bank offers many credit-building features and benefits that, coupled with the low annual fees and ability to automatically increase your credit limit, make a great combination. When used responsibly, one of these cards could be the tool you need to strengthen your credit health — while also earning cash-back rewards along the way!


Frequently asked questions

Is Credit One good for building credit?

Credit One Bank issues a variety of cards for customers in the low to good credit range. These credit-building cards are great for someone who wants to improve their credit score by making timely payments and paying off their card in full each month. Credit One also offers additional tools such as fraud monitoring, regular credit limit increases, and Experian credit scores to help you further improve your credit score.

Is Credit One owned by Capital One?

While the logos may make it appear that the companies are the same, Credit One Bank and Capital One Bank are 2 separate companies.

Christy Rodriguez

About Christy Rodriguez

Christy was born in St. Louis, Missouri, but lived in Texas the majority of her life. Now, work has her living in the Bay Area with her husband and yellow lab. Her first international travel experience was for a summer study abroad program in Italy. After that, she knew that she was destined to travel as much as possible. Luckily, her husband worked at Southwest Airlines, so they were introduced to the exciting world of “non-rev” travel.

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