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 Name||Credit One Bank® Visa® Cash Back Rewards|
|Annual Fee||$0 to $99|
|APR (Annual Percentage Rate) for Purchases||20.24% to 26.24% variable|
|Introductory Purchase APR|
|Introductory Balance Transfer APR|
|Cash Advance Rate||26.24% variable|
|Foreign Transaction Fee||3% of the transaction value or $1, whichever is higher|
|Cash Advance Fee Description||Either $5 or 8%, or $10 or 3% of each cash advance, whichever is greater|
|Interest Free Period||Up to 24 days|
|Late Payment Fee||Up to $39|
|Returned Payment Fee||Up to $39|
|Additional Cardholder Fee||$19|
|Minimum Age||18 years of age|
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.
How much cashback rewards can I earn with Credit One Bank® Visa® Cash Back Rewards?
Depending on your credit, you may earn up to 1% cash back on all purchases. Here’s how much cash back you could earn at that rate, based on a few sample budgets:
- $300 a month x 1% = $36 cash back a year
- $500 a month x 1% = $60 cash back a year
- $1,000 a month x 1% = $120 cash back a year
How much do I have to spend to make the annual fee worth it?
Your cashback rate depends on your credit, as does your annual fee. If your annual fee is $99, you’ll want to earn enough cash back to make it worth paying.
At a 1% cash back rate on all purchases, you’d need to spend $9,900 to break even on a $99 annual fee.
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Fees & payments
- If you would like an authorized user for your account, you will be charged $19
- Late payments cost up to $39
- Returned payments cost up to $39
- 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
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.
If you’re considering a credit card and want to work with a customer service agent directly to apply, or on a regular basis after you get it, this may not be the card for you. If you’re independent and know your way around credit cards, you should be just fine.
What should I know before I apply?
To apply for this card, you’ll need just a few pieces of information. By clicking our affiliate link, you can apply for pre-approval and get matched with the appropriate Credit One Bank card.
- 18 years of age or older
- United States resident, residents of US territories aren’t eligible
- You have a valid Social Security number
Information you’ll need
- First and last name
- Email and phone number
- Mailing address
- Social Security number
- Date of birth
- Total monthly income
What credit score do I need?
You may qualify if you’re rebuilding credit. However, you’ll have a better chance of approval with a good to excellent credit score (670+).
If you’re unsure whether your credit score is sufficient, consider getting pre-qualified for a Credit One Bank card. The bank will point you to the card that fits your credit profile.
Pre-qualification will give you better — but not guaranteed — approval odds.
How do I redeem rewards from Credit One Bank® Visa® Cash Back Rewards?
You don’t need to do anything to redeem your rewards — Credit One Bank will redeem them as statement credit every month.
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, Credit One Bank® Visa® Cash Back Rewards could be the card you’ve been searching for.