Review: Credit One Bank® Unsecured Visa® with Free Credit Score Tracking

Credit One Bank® Visa® Cash Back Rewards review – October 2018

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Rebuild your credit while earning rewards

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With the cash back card from Credit One Bank, you can be rewarded for spending while boosting your credit score.

Product NameCredit One Bank® Visa® Cash Back Rewards
Card TypeVisa
Annual Fee$0 to $99
APR (Annual Percentage Rate) for Purchases19.74% to 25.74% variable
Cash Advance Rate25.74% variable
Foreign Transaction Fee3% of the transaction value or $1, whichever is higher
Cash Advance Fee$10 or 3% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 24 days
Late Payment Fee$38
Returned Payment Fee$38
Additional Cardholder Fee$19
Rates & FeesRates & Fees
Minimum Age18 years of age
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Credit One Bank® Visa® Cash Back Rewards review

Getting rewarded for your everyday spending can make a difference between a good card and a great one. The Credit One Bank® Visa® Cash Back Rewards card provides rewards and a straightforward approach to building your credit.

Considering a new credit card is a big decision. It should be made only after you’ve looked over all of your options. Credit One’s annual fees for some of their cards are on the higher end. Though those fees are broken up over each month the second year, they may not be to your liking.

The nuts and bolts

  • Based on your creditworthiness, the variable monthly APR for purchases will be from 19.74% to 25.74% variable.
  • The cash advance rate is 25.74% variable.
  • Each cash advance is $10 or 3% whichever is greater.
  • Cash advances are limited to 25% of your assigned credit limit.
  • At minimum your credit line will be $300.
  • When making purchases in countries outside the U.S., the currency conversion will mirror the rates of Mastercard and Visa.
  • At most, late payment fees are $38.
  • Returned payment fees will also only go up to $38.
  • 5% of your outstanding balance is required as a minimum payment each month, or $25, whichever is more.
  • The minimum interest charge is no less than $1.

Compare cash back credit cards

Name Product Credit Score Min. Annual Fee Intro Balance Transfer APR Reward Value per Dollar Secured or Unsecured Annual Fee APR for Purchases (Purchase Rate) Intro APR for Balance Transfer
680
0%
1.5
Unsecured
$0
14.99% to 25.99% variable
0% for the first 15 months (then 14.99% to 25.99% variable)
Earn up to $250 back. Earn $150 back after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership. Plus, earn an additional $100 back after you spend an additional $6,500 in purchases within your first 12 months. You will receive the cash back in the form of a statement credit. Rates & Fees
680
0%
1
Unsecured
$0
14.99% to 25.99% variable
0% for the first 15 months (then 14.99% to 25.99% variable)
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees
680
95
0%
1
Unsecured
$95
14.99% to 25.99% variable
0% for the first 12 months (then 14.99% to 25.99% variable)
Earn $200 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & Fees
680
99
1
Unsecured
$0 to $99
19.74% to 25.74% variable
Get 1% cash back rewards on eligible purchase, terms apply.
720
0%
1
Unsecured
$0
15.24% to 25.24% variable
0% for the first 18 months (then 15.24% to 25.24% variable)
Earn 1% cash back for payments on purchases, on top of the 1% cash back on purchases. No annual fee.
720
0%
1
Unsecured
$0
15.24% to 25.24% variable
0% for the first 12 statement closing dates (then 15.24% to 25.24% variable)
Earn more cash back for the things you buy most.
680
1
Unsecured
16.99%, 22.74% or 25.74% variable
Get 4 points back on dining, 3 on travel, 2 on Uber rides and online shopping and 1 on other purchases, and redeem points for Uber credits, gift cards or cash back.

Compare up to 4 providers

Fees & payments

  • If you would like an authorized user for your account, you will be charged $19
  • Cash advance fees are $10 or 3% whichever is greater, of each cash advance
  • Late payments cost $38
  • Returned payments cost up to $38

The perks

  • Qualified applicants will receive a card with a competitive APR and no annual fee along with 1% cash back rewards on all purchases, terms apply
  • View updates to your Experian credit score with free online access, terms apply
  • Make paying your bill easier with the ability to choose your payment due date, terms apply
  • Access your account on-the-go with the Credit One Bank mobile app
  • Never miss an account update with customizable text and email alerts
  • Show off your personality by selecting from a variety of card designs, a fee may apply

Landmines

The variable APR and annual fees for Credit One may be a bit steep for some customers’ liking. There is also some apprehension around the timeliness of customer service by other consumers. To avoid these pitfalls it is important to fully understand the monthly payments you will be making (even if you aren’t carrying a balance) and the variable percentage rates.

Did you know?

Pro tip: If you’re considering a credit card and want to work with a customer service agent directly, or on a regular basis, this may not be the card for you. If you’re independent and know your way around credit cards, you should be just fine.

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How to apply

To apply now, just get together a few important documents. You will need your Social Security number, address, and monthly income. By clicking our affiliate link, you will be able to sign up for pre-approval and get matched with the card that is right for you.

Eligibility requirements

  • Must be 18 years of age or older
  • U.S. citizen or resident with a local address
  • Have a valid Social Security number

Application requirements checklist

  • First and last name
  • Email and phone number
  • Street address
  • Social Security number
  • Date of birth
  • Total monthly income

Bottom line

When considering any credit card, it’s important to shop around. However, if you’re after an all-around rewards credit card that can get you cash back on your spending and let you to keep tabs on your credit score, the Credit One Bank® Visa® Cash Back Rewards could be the card you’ve been searching for.

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2 Responses

  1. Default Gravatar
    RafaelMay 19, 2018

    What is minimum interest charge $1.00?

    • finder Customer Care
      JeniMay 19, 2018Staff

      Hi Rafael,

      Thank you for getting in touch with finder.

      A minimum finance charge is the least amount of interest a borrower will have to pay their credit card company in a particular billing cycle if a balance has accrued. For most credit cards the minimum finance charge is usually $1.00.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

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