Credit One Bank Credit Cards
Credit One Bank is a popular credit card issuer that services millions of cardholders in the United States. If you have had credit problems in the past, or you are in the process of building your credit rating, you’ve probably heard of one of its credit cards over the years. The Credit One Bank credit cards stand out from other credit-building cards because they are unsecured and don’t require a security deposit. Plus, you can see if you pre-qualify for any of the cards on the website if you don’t want a hard inquiry to hit your credit reports.
Here are the different types of cards that Credit One Bank offers, and how they stack up against their competitors.
Credit One Bank® Visa® Credit Card with Cash Back Rewards
Qualified applicants will receive exclusive benefits such as 1% cash back rewards on all purchases, no annual fee, and a competitive APR. Terms apply.
Manage your account quickly and easily from your mobile device by using the Credit One Bank mobile app.
Use your Apple device to make purchases securely through Apple Pay®. Apple Pay is a registered trademark of Apple, Inc.
$0-$99 annual fee
The Credit One Bank® Visa® Credit Card with Cash Back Rewards awards a flat rate of 1% cash back on eligible purchases. The rewards you earn are automatically posted to your account each month. The annual fee for this card is based on your credit and will be $0 to $99 the first year and $0 to $99 thereafter. Your first-year annual fee will be deducted from your initial credit line. After that, the annual fee is split into 12 equal payments, with one payment billed each month. The APR varies according to your credit and is currently 19.49% to 25.49% Variable rate.
Other Card Benefits:
Not only do you get to choose from 23 different card designs, but you also get card benefits such as the following:
- Access to the Credit One Bank mobile app
- Travel accident and auto rental collision insurance
- Free credit score
- Zero fraud liability
Credit One Bank® Unsecured Platinum Visa®
Credit One Bank® Unsecured Platinum Visa® is primarily for rebuilding or building credit, without paying a security deposit. Your account activity is reported to the three major credit bureaus so that over time, you can increase your credit rating.
The annual fee is determined by your credit and will be $0 to $99 the first year and $0 to $99 thereafter. Your first-year annual fee will be deducted from your initial credit line. After that, the annual fee is split into 12 equal payments, with one payment billed each month. The APR will be 19.49% to 25.49% Variable rate.
Like the Credit One Bank® Visa® Credit Card, you get to choose your card design and you get other benefits such as the following:
- Free credit score
- Choose payment due date
- Zero fraud liability
- Credit lines up to $1,500 or more
Official NASCAR® Credit One from Credit One Bank®
If you’re a NASCAR fan, you’ll want to check out Official NASCAR® Credit One from Credit One Bank®. Besides being able to carry a card with the NASCAR logo, you can earn double cash back at the NASCAR Shop and 1% cash back on all other eligible purchases.
The annual fee is determined by your credit report and like the other Credit One Bank credit cards will be $0 to $99 the first year and $0 to $99 thereafter. Your first-year annual fee will be deducted from your initial credit line. After that, the annual fee is split into 12 equal payments, with one payment billed each month. The APR will be 19.49% to 25.49% variable rate dependent on your credit rating.
This card also comes with card benefits including:
- See if you Pre-Qualify without harming your credit score
- Get 1% cash back rewards on eligible purchases and double cash back rewards at the NASCAR Shop, terms apply
- No need to fret—you’re covered by $0 Fraud Liability
- Accounts are automatically reviewed for credit line increase opportunities
- Choose your monthly payment due date for added convenience, terms apply
- Monitor your credit with free online access to your Experian credit score, terms apply
- Looking to rebuild credit? We report to the major credit bureaus monthly
- Never miss an account update with customizable text and email alerts
Credit One Bank Cards vs. Milestone Gold MasterCard
The Milestone Gold Mastercard is a popular card for building or rebuilding credit as well. With this card, you can see if you prequalify without a hard inquiry and you can choose a custom design for the card. One of the differences between the Milestone Card and the Credit One Bank Cards is it includes MasterCard Gold card benefits.
Prequalify for a card today and it will not impact your credit score
Less than perfect credit is okay
Mobile account access at any time
Protection from fraud if your card is stolen
Account history is reported to the three major credit bureaus in the U.S.
The APR and the annual fee or the Milestone Gold Mastercard also vary. For instance, your annual fee could be $75 the first year and then $99 each year afterwards, with an APR of 24.9%. Other options include an opening fee of $5 to $50. Fortunately, if you do get the card with the $50 account opening fee, your annual fee for the first year is the lowest at $50 and then $99 each year afterwards. Any fees are deducted from your initial credit line, which could start at $300.
Although both cards help to build your credit, the Milestone Gold Mastercard doesn’t provide an opportunity to qualify for a $0 annual fee. Further, there are no cards with the Milestone issuer that offer rewards.
Credit One Bank Cards vs. First Premier Bank Credit Card
The First Premier Bank Credit Card is another option for building or rebuilding credit. This card comes with an APR of 36% as well as a one-time fee of $95. Your annual fee will vary according to your credit limit. For example, if you have a $300 credit line, your annual fee will be $75 the first year and then $45 annually. After the first year, there is a monthly fee $6.25.
In another example, if your credit limit is $400, your annual fee will be $100 the first year and then $45 annually. The monthly fee billed is also $6.25 per month. If your annual fee is $500, the annual fee is $125 the first year, then $49.00 annually, with a monthly fee of $10.40 per month. Keep in mind also, that your initial fees are deducted from the credit limit and will lower the credit limit you begin with when you get your card.
In this matchup, the First Premier Bank Credit Card loses out a bit because not only there is no opportunity for a $0 annual fee, but the fees are a bit higher than the fees for the Credit One Bank cards. In fact, the APR of 36% is among the highest APRs you’ll find with any credit card on the market. Further, there are also no rewards programs with the First Premier cards.
Credit One Bank Cards vs. Merrick Bank Secured Visa
Although it is a secured credit card, the Merrick Bank Secured Visa is a popular card for people who are in the process of building their credit. If you are approved for this card, you must make a security deposit in the amount of $200 to $3,000. You then receive a credit card with a credit limit equal to your security deposit. Like the other cards, you can choose the card design you prefer, and you get card benefits like $0 fraud liability and various online management tools for keeping track of your account.
The APR for this card is 18.45%. The annual fee is $36 the first year, which is deducted from your credit limit the first year and billed at $3 per month thereafter.
Although the Merrick Bank Secured Visa Card is a secured card, it comes out slightly ahead of the others simply because there is no complicated fee structure. In fact, the annual fee of $36 is one of the lowest you’ll find if you have poor credit. It also offers a slightly lower APR in comparison to the APRs you might get with the Credit One Bank cards or other subprime credit cards. There are also no rewards programs with this card.
Plus, you have a chance of getting a higher credit limit, based on the amount of your security deposit. With most of the other cards, you risk getting a card with a limit of a little more than $200 once the fees are deducted. In addition, one of the benefits of a secured card is that if you manage your account responsibly, you can build your credit over time and eventually get your deposit refunded.
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