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Credit One Bank

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4.2

Overall Score

LAST UPDATED: March 1st, 2024

Credit One Bank is a financial services company that works with consumers looking to establish and rebuild credit. The company specializes in credit monitoring with its free online monthly credit score tracking for members as well as an optional Credit Protection Program. Since opening in 1984, Credit One Bank has served millions of card members nationwide. The bank currently offers three Visa credit cards:

  • Cash Back Rewards Visa
  • Platinum Visa for Rebuilding Credit
  • Official Credit Card of NASCAR

Top Ranked Companies

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The Good

  • Cash Back Rewards
  • Other Benefits
  • Credit Protection Program

Cash Back Rewards

In most cases, card members get 1 percent cash back rewards for eligible purchases. Some account holders get 1.1 percent back on dining purchases. Cash back purchase categories depend on your eligibility and your card, but Credit One Bank offers cards with cash back rewards in these categories where eligible:

  • Gas
  • Groceries
  • Mobile phone service
  • Internet service
  • Cable and satellite TV service
  • Dining purchases

Account members with the NASCAR Visa card get cash back rewards in these categories where eligible:

  • Gas
  • Automotive purchases
  • Double cash back rewards on NASCAR.com purchases

All qualifying rewards post to your account automatically.

Other Benefits

In addition to cash back rewards, Credit One Bank credit card holders enjoy several other benefits at no additional cost:

  • Apple Pay capabilities
  • Travel accident and auto rental collision insurance
  • Experian monthly credit score and credit report summary
  • Zero fraud liability
  • Customizable account notifications via text and/or email

Credit Protection Program

Credit One Bank offers an optional Credit Protection Program that helps make your payments if you experience involuntary unemployment or disability and includes a loss of life benefit. The program costs $0.96 per $100 of your new balance each month.

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The Bad

  • Foreign Transaction Fees
  • Credit Line Increase Cost
  • Credit Protection Eligibility Requirements

Foreign Transaction Fees

With Credit One Bank, foreign transactions incur a fee of either $1 or 3 percent for each purchase in U.S. dollars, whichever is greater. This fee is problematic for U.S. citizens living abroad and is an important consideration for frequent travelers.

Credit Line Increase Cost

Credit One Bank automatically looks for credit line increase opportunities, which is useful, but a fee may apply for this service. The bank doesn’t specify if you can opt out of this service and its accompanying fees.

Credit Protection Limitations

Potential enrollees in the Credit Protection Program should be aware that if you work less than 20 hours per week you are ineligible for unemployment benefits. In addition, only the primary cardholder is protected and you cannot use your card while receiving benefits.

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The Bottom Line

Credit One Bank has impressive rewards programs, credit score tracking, and fraud safeguards like EMV chip technology and 24/7 account monitoring. As an added perk, you can choose from over 20 card designs to give your card some personality.

Since the cards are Visa, Credit One Bank cards are accepted at most merchants worldwide. However, every foreign purchase incurs a fee that can quickly counter the cash back rewards, so the card is best used in the United States.

DISCLAIMER: *For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While BestCompany.com always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

** FICO scores and credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any credit card offer.

†Advertiser Disclosure: The credit card offers that appear on the website are from credit card companies which BestCompany.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The site does not include all credit card companies or all available credit card offers.

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Star Rating

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3.6

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35 Reviews

Review Breakdown

5 grade

49%

4 grade

11%

3 grade

11%

2 grade

6%

1 grade

23%

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Kalume Ibrahim Miami, FL

This card is good because it allows auto recurring payments as authorized.i use for payment website premium hosting and it's effortless with credit one Bank

3 weeks ago

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Jilligans Bullhead City, AZ

Even though I have have Credit One Bank for a couple of years, they have been Great. They even sent me another Credit Card since I can keep up with my payments. You can't go wrong with Credit One Bank. They have helped out with getting my credit score up

3 years ago

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Chris M Duluth, GA

I gave Credit One Bank 4 stars because they are amazing and we don't have any problems with it except that the late fee is $25. I'm sure that's standard, but it's really unfortunately if we forget to pay, and we are a day late. Especially since our balance is low, so our monthly payment is only $30 already.

3 years ago

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Myken Salt Lake City, UT

We love our Credit One Bank Credit Card. We originally applied for the card because of the awesome rewards it offers. We continue to use it for many purchases and find the customer service and interest rates to be comparable to the other cards we use.

4 years ago

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kristin Gneiting Pleasant Grove, UT

Both my husband and I have a Credit One Bank credit card. The limit started out at just $500, but then paying on time and using the card wisely we were able to increase our limits to $2,000. They have a pretty good rate and I can use the spending towards cash back on my card. They are easy to keep track of and pay back.

4 years ago

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Reese Pleasant Grove, UT

I have had a Credit One Bank credit card for many years. They have a good rate for me, because my credit score was not real high. They have raised my limit as I show that I am a good customer and keep my payments current and it is accepted everywhere I shop.

4 years ago

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Kathie Bowman Lakeside, CA

I have a credit one cards and it is great. I have had it for almost a year now and it has helped me when times were hard. The customer service was great when I had an issue and helped me with everything and didn't let me off the phone until they made sure my questions were answered

5 years ago

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Ashley Pleasant Grove, UT

I have a Credit One Bank Mastercard that I use when I travel. If I even have a question about a statement the customer service is awesome! There is little wait time on the phone and I have always had a positive experience.

4 years ago

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Jerry Mcanally Tucson, AZ

Gave me credit when others wouldn't they get paid 2 to 3 weeks early and 3 times more than bill is ,thanks

10 months ago

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Thawkes2017 Saraland, AL

This was my first credit card. The process was simple and allowed me to start building my credit. Credit increases are a plus!

1 year ago

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Maggie

fair and helpful during my breach. Customer service people very helpful!

6 years ago

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katt sommers Martinsville, IN

Great way to build credit and no problems if you post on time

9 months ago

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Christa Huntsville, AL

I love the use of this credit card plus I can receive cash back on some purchases

1 year ago

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Ariana

Because I find it easy to pay, customer service is great.

5 years ago

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John Randolph Bradford, AR

This company is trustworthy and easy to contact.

6 years ago

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Tim Chula Vista, CA

They raised my credit score and credit limit within a year!!

1 year ago

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Harry Haslam Houston, TX

My experience has always been honest and professional

1 year ago