Credit One Bank Credit Card Reviews, Rules & Opinions

Name: Credit One Bank Credit Card Reviews, Rules & Opinions
Item: Credit One Bank Credit Card Reviews, Rules & Opinions
Author: Doug Milnes, CFA

Credit One Bank has several appealing cards offering cash back rewards across various categories. MoneyGeek’s analysis helps you better understand the different Credit One Bank cards and their application requirements.

By Doug Milnes, CFA

Reviewed by Lee Huffman

Updated: November 1, 2024

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Thirteen different credit cards are available from Credit One Bank, including rewards and cash back cards. The issuers serve a variety of customers, including those looking for cash back and rewards on everyday purchases, those looking to earn rewards by purchasing tickets to their favorite sporting events and theme parks and those looking to build credit. Co-branded credit cards, such as the NASCAR American Express and Six Flags Rewards Visa cards, are also available from the company.

ON THIS PAGE:

Different Card Offerings from Credit One Bank
Rules for Applying, Acceptance & Welcome Bonuses
Other Considerations for Credit One Bank
Overall Opinion of Credit One Bank & Card Offerings

Featured Credit Cards Offered by Credit One Bank

Credit One Bank mostly offers cash back or rewards cards to individuals with average to excellent credit scores. Additionally, they give cards to people attempting to rebuild their credit.

Credit Card	About	Annual Fee	Rewards	Recommended Credit
Credit One Bank® Platinum X5 Visa® Read review	An excellent card for earning cash back across categories	$95	Earn 1% – 5% cash back	580-740 (Fair to Good) Review & Apply On Issuer's Site
Credit One Bank® Platinum Visa® Read review	A fair credit card for those rebuilding credit.	$39	Earn 1% cash back	580-740 (Fair to Good) Review & Apply On Issuer's Site
Credit One Bank® Platinum Visa® for Rebuilding Credit Read review	Best credit card for prequalifying with bad credit	$75 first year, then $99 annually	Earn 1% cash back	300 – 670 (Bad to Fair) Review & Apply On Issuer's Site
Credit One Bank American Express® Card Read review	Straight forward 1% cash back	$39	Earn 1% cash back	580-740 (Fair to Good) Review & Apply On Issuer's Site

Other Cards Issued by Credit One

In addition to the featured credit cards listed above, Credit One also offers the following cards:

Platinum Rewards Visa with No Annual Fee: Best for those looking for a card with no annual fees and cash back benefits on groceries, gas and other eligible utilities.
Credit One Bank Wander Card: Ideal for those who live and breathe amusement parks as well as other places of fun and entertainment.
Credit One Bank Wander Card with No Annual Fee: Best for people who are obsessed with amusement parks and entertainment that require a card with no yearly fees.
Credit One Bank American Express Card: Best for those with fair to excellent credit wanting a simple cash back card with Amex benefits.
Best Friends Credit Card: Good for those who own pets and wish to contribute to Best Friends in order to save the lives of cats and dogs.
Six Flags Rewards Visa: Best for Six Flags fans who wish to earn excellent benefits by purchasing tickets and dining passes, as well as for everyday expenditures.
WWE Champion Credit Card: Best for wrestling lovers that wish to improve their credit and earn rewards through paying utility bills and discounts from WWE shops.
WWE Superstar Credit Card: Best for wrestling lovers who don’t qualify for the WWE Champion card and want to earn cash back rewards on eligible purchases and discounts on WWE merchandise.
Vegas Golden Knights Credit Card: Good for fans of the Vegas Golden Knights who want to receive discounts and exclusive deals as well as earn cash back on everyday purchases.

The Best Credit One Bank Credit Cards in 2024

MoneyGeek compared the best Credit One Bank credit cards based on rewards and other features to help you find the best one for your needs.

Credit One Bank® Platinum Visa® for Rebuilding Credit

Rates & Fees

REVIEW & APPLY

On Issuer's Site

APR

29.24% Variable

Annual Fee

$75 first year, then $99 annually

Recommended Credit

300 – 670 (Bad to Fair)

Folks wanting a card with easy to access cash back rewards and fast prequalification should check out the Credit One Bank Unsecured Visa card. Qualification is free and secure, allowing you to see if you’ll be approved before submitting your credit score to a hard credit check.
If you’re approved, you’ll benefit from 1% cash back on eligible purchases in a variety of categories, such as telecommunication services, groceries and gas. If you have a more middling credit score, you may see a manageable or even no annual fee, though it depends on your cardholder agreement.
Regardless, you’ll enjoy free access to your credit score via Experian, as well as limited protection against card loss or theft. From time to time, you’ll find that Credit One Bank will review your account for potential credit line increases.
Ultimately, this card is a solid pick if you want to start building credit and earning cash back but don’t yet have the credit to secure more attractive offers.
PROS
- Wide-ranging cash back rewards on gas, groceries, etc.
- Potential credit line increases as your credit score rises
- Annual fee of $99, $75 for the first year
- Easy to see if you prequalify
- Free online access to Experian credit score
- Zero fraud liability protection for lost or stolen cards
CONS
- Annual fee can be high, as can the interest rate
- Includes foreign transaction and late fees
- Rewards
  - Earn 1% cash back on eligible purchases, including gas, groceries, and service subscriptions like satellite TV, mobile phone, cable, and internet.
- APRs, Fees, and Penalties
  - Foreign transactions incur a fee of 3% or $1, whichever is greater.
  - Late payments may result in a fee of up to $39.

More: Read Our Full Review of Credit One Bank® Platinum Visa® for Rebuilding Credit

Credit One Bank® Platinum Visa®

Rates & Fees

REVIEW & APPLY

On Issuer's Site

Rewards Rate

Receive 1% cash back rewards on eligible gas and g...

APR

29.24% variable

Annual Fee

$39

Recommended Credit

580-740 (Fair to Good)

The Credit One Bank® Platinum Visa® card is a reasonable choice for those with fair to good credit aiming to earn 1% cash back on gas and groceries. This cash back card does come with an annual fee of $39.
PROS
- Earn 1% cash back on gas and groceries
- Zero fraud liability for unauthorized purchases
- Customizable payment due date
CONS
- Annual fee
- Foreign transaction fee
- No introductory offers
Rewards
- Earn 1% cash back on eligible gas, grocery, mobile phone, internet and cable/satellite TV purchases.
Perks and Benefits
- $0 Fraud Liability for peace of mind.
- Access your Free Online Credit Score and Credit Report summary.
Account Management
- Choose your payment due date for easier bill management.
- Manage your account on the go with the Credit One Bank mobile app.
- Receive customizable text and email alerts to never miss an account update.

More: Read Our Full Review of Credit One Bank® Platinum Visa®

Credit One Bank® Platinum X5 Visa®

Rates & Fees

REVIEW & APPLY

On Issuer's Site

Rewards Rate

5% cash back rewards on the first $5,000 of eligib...

APR

29.24% variable

Annual Fee

$95

Recommended Credit

580-740 (Fair to Good)

This card might work perfectly well for people who wish to make the most of their spending by earning cash back. Each year, you earn 5% cash back on spending of up to $5,000 on eligible grocery and utility payments.
Spending across all other categories earns you 1% cash back. There is no cap on how much cash back you may earn, and there are no restrictions across categories.
When you use this card at select participating merchants, you get to earn up to 10% more as cash back rewards.
PROS
- 5% cash back on select categories up to $5,000 annual spend
- No foreign transaction fees
- Zero fraud liability protection
CONS
- Annual fee
- No introductory APR offers
Rewards
- Earn 5% cash back on the first $5,000 spent annually on gas, groceries, internet, cable, satellite TV, and mobile phone services. After reaching this limit, earn 1% cash back on these purchases.
- Earn 1% cash back on all other purchases.
Perks & Benefits
- Enjoy Zero Fraud Liability, protecting you from unauthorized charges.
- Access a free online credit score and credit report summary.
- Automatically earn more cash back rewards at participating merchants.

More: Read Our Full Review of Credit One Bank® Platinum X5 Visa®

Rules for Applying, Acceptance & Welcome Bonuses

To maximize your chances of being accepted for a Credit One Bank credit card, it is critical to understand the application process and rules. MoneyGeek answers some frequently asked questions about these credit cards so you can choose the right one.

What is the accepted credit score range for most cards?

Credit One offers cards to those with fair to excellent credit scores. In addition, the company offers a variety of credit cards to customers with damaged credit histories who are attempting to rebuild their credit.

How many cards can you own?

You may have up to two Credit One credit cards open at the same time. Because the majority of credit cards offered by Credit One Bank have similar reward structures, it makes sense to own two cards from the company only if your goal is to boost your purchasing power.

How many times can you apply?

Applying for many credit cards at the same time will lower your credit score following each application. Those with excellent credit may be unaffected by the process. If your credit score isn't great, it's better to wait for one card's application status before applying for another Credit One Bank credit card.

How many times can you get approved?

An individual can have up to two Credit One Bank cards issued to them at the same time. This means that a person can be approved for a second time while one card is still active and in their possession.

How many times can you claim a welcome bonus?

Every credit card that gives a welcome bonus will only offer it once. However, Credit One Bank does not provide any type of welcome bonus to new cardholders.

Other Considerations About Credit One Bank

When looking for a credit card from Credit One Bank, there are several factors to take into consideration. The criteria listed in the table below should be taken into account when comparing Credit One Bank cards.

Feature	Description
Customer Service & Satisfaction	When selecting a credit card issuer, it is crucial to examine the level of customer service and satisfaction. Credit One Bank's customer support department is available 24 hours a day, seven days a week for lost or stolen services. Other services, such as Collections and Inquiries, are available on all seven days of the week. In a recent J.D. Power survey, Credit One Bank scored a satisfactory score of 736 out of 1,000.
Mobile Apps & Online Services	Credit One Bank has a mobile app that can be downloaded from the Google Play Store and the Apple App Store. It allows users to manage payments, check available credit, view transactions and monthly statements, receive the latest offers and deals, get chat support for their questions and more. The mobile app also earned a good score of 849 out of 1000 in the 2021 J.D. Power Credit Card Mobile App Satisfaction Study.
Security & Credit Monitoring Services	Through the Credit One Bank mobile app, you can view your Experian credit score and receive alerts on fraudulent transactions. On devices that support these capabilities, it also allows signing in with face ID, Touch ID or your fingerprint. You can also call the Lost or Stolen customer service available 24/7 to report fraudulent activities or lost/stolen cards. The bank even reports your activity to the three major credit bureaus.
Loyalty Programs & Other Issuer Perks	Most cards from the company do not participate in any loyalty programs. Rewards earned can only be redeemed through a statement credit for those cards. The points don’t expire as long as you are a responsible user. Points earned through these cards cannot be used to buy gift cards or transferred to other loyalty programs. However, the rewards earned with the Wander card are transferred to the Wander Rewards program. These points can be redeemed as a statement credit, gift card or used to purchase items.
Authorized Users	Cardholders at Credit One Bank can add one authorized user who is at least 15 years old to their account. You will be charged an annual fee of $19 for the additional card issued to the authorized user. The user will have access to the mobile app and can manage the account, view balance and credit reports, have themselves removed from the account or report the card as lost or stolen.
Purchase Protection	The cards from Credit One Bank do not offer purchase protection to their customers.
Co-Branding & Partnerships	Credit One Bank has co-branded collaborations with the following brands: Wander WWE Six Flags NASCAR Best Friends Vegas Golden Knights
Other Products Offered	Credit One Bank does not provide any other financial products other than credit cards.

Overall Opinion of Credit One Bank & Their Credit Card Offerings

Credit One Bank provides simple rewards that can help you save money on everyday purchases and also helps those looking to build or improve their credit scores. The company provides a variety of cards that offer savings for sporting events, amusement and theme parks, pet purchases and other activities. However, keep in mind that they do not provide any appealing welcome bonuses.

Cards from this provider may be acceptable for the following individuals:

Those trying to build or improve their credit scores

The company offers credit cards to those trying to rebuild their credit history. This can be better than getting a secured card.

Those who want a credit card with a simple cash back reward

Most cards offered by the company have a straightforward cash back or rewards structure.

Those who love amusement and national parks

The company offers a range of cards that provide great rewards on purchase of amusement and national park tickets.

Sports enthusiasts

Sports enthusiasts who want to get exclusive deals on sporting events and buy sports merchandise on discounts could benefit from these cards.

EXPERT OPINION

“Credit One's credit cards are best suited for loyal fans of the brands that it partners with. You'll receive enhanced rewards and discounts through those brands, but may not receive enough perks through everyday purchases compared with credit cards from other issuers. Evaluate your spending to determine which categories you spend the most and compare that with the bonus categories, discounts, and benefits offered by these cards to decide if they are right for you."

- Lee Huffman, credit card expert at BaldThoughts.com

Still Not Sure About This Issuer? Consider These Options.

Credit One Bank offers a wide variety of credit cards. However, if you're searching for a card with high rewards or cash back or you need a travel card, you may want to check out credit cards from other issuers.

Learn More About Credit Cards in General

Find Your Best

Best Credit Cards for Fair or Average Credit

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About Doug Milnes, CFA

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.

Read Full Bio »

sources

Credit One Bank. "Choosing a Credit Card." Accessed November 1, 2024.
Credit One Bank. "DISCLOSURES AND TERMS & CONDITIONS FOR CREDIT ONE BANK'S CREDIT CARDS AND CREDIT PROTECTION PROGRAM." Accessed November 1, 2024.
J.D. Power. "Big Bank Investments in Mobile Apps Pay Dividends as Customer Volume Shifts to Digital, J.D. Power Finds." Accessed November 1, 2024.

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.

Credit One Bank Credit Card Reviews, Rules & Opinions

Featured Credit Cards Offered by Credit One Bank

Credit One Bank® Platinum X5 Visa®

Credit One Bank® Platinum Visa®

Credit One Bank® Platinum Visa® for Rebuilding Credit

Credit One Bank American Express® Card

Other Cards Issued by Credit One

The Best Credit One Bank Credit Cards in 2024

More: Read Our Full Review of Credit One Bank® Platinum Visa® for Rebuilding Credit

More: Read Our Full Review of Credit One Bank® Platinum Visa®

More: Read Our Full Review of Credit One Bank® Platinum X5 Visa®

Rules for Applying, Acceptance & Welcome Bonuses

Other Considerations About Credit One Bank

Overall Opinion of Credit One Bank & Their Credit Card Offerings

Still Not Sure About This Issuer? Consider These Options.

Learn More About Credit Cards in General

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