Official NASCAR Credit Card from Credit One Bank review | finder.com

Official NASCAR® Credit Card from Credit One Bank® review

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Official NASCAR® Credit Card from Credit One Bank® Learn more Apply now

Don't worry, clicking "Apply now" won't leave a mark on your credit report. It may only appear on your report after you submit an application.

What happens when I click Apply now?
  • Clicking Apply now will take you to your online application on the bank's website. You do not need to be an existing customer of this bank to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • Once approved, you will typically receive your credit card within 1-2 weeks
Click here to start your application >>

You’ll find good rewards for NASCAR.com purchases, but review the card’s terms before applying.

30-second take

  • Get this card if you often shop at the NASCAR.com store.
  • Pick something else if you’re rebuilding credit or want strong cash back.
  • You’re welcome to apply if you have less-than-perfect credit.
Product NameOfficial NASCAR® Credit Card from Credit One Bank®
Card TypeVisa
Annual Fee$0 to $99
APR (Annual Percentage Rate) for Purchases19.99% to 25.99% variable
Introductory Purchase APR

N/A

Introductory Balance Transfer APR

N/A

Cash Advance Rate25.99% variable
Foreign Transaction Fee3% of the transaction value or $1, whichever is higher
Cash Advance Fee$10 or 8% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 24 days
Late Payment Fee$38
Returned Payment FeeUp to $38
Additional Cardholder Fee$19
Minimum Age18 years of age

Pros

  • Cash back
  • Double cash back at NASCAR.com
  • Fraud protection
  • Pre-qualification

Cons

  • Higher than average APR.
Apply now

The basics

If you’re a passionate NASCAR fan, you might like the rewards you’ll earn for NASCAR.com purchases. Otherwise, a flat-cashback card might pay off more handsomely.

Before applying for this card, thoroughly review its terms. Your annual fee and interest grace period will be determined after you apply. This is a common but frustrating reality of many subprime cards, and it could make you pay more out-of-pocket than you might wish.

The perks

  • Rewards: Cash back on NASCAR.com and select purchases.

    You’ll receive double cashback rewards at NASCAR.com. You’ll also receive 1% cash back on select purchases depending on your credit.

Your 1% cashback rewards depend on your credit

Credit One Bank offers different rewards for excellent credit versus average or rebuilding credit.

Credit rangeRewards
Excellent1% cash back on eligible purchases as determined by Credit One Bank
Average1% cash back on eligible automotive and gas purchases
Rebuilding1% cash back on eligible automotive and gas purchases

You’ll also like …

  • Account features.

    Enjoy $0 liability for fraudulent purchases, text and email alerts near your payment due date, free Experian credit score reporting and the ability to pick your payment due date.

    You’ll periodically receive opportunities to increase your credit line for a potential fee.

What to watch out for

  • Annual fee depends on your credit and Credit One Bank’s decision.

    For the first year, you’ll pay an annual fee of $0 to $75. Starting the second year, your annual fee will be $0 to $99.

    The annual fee is billed to your account and reduces your credit line until it’s paid off.

    For the second and subsequent years, Credit One Bank may divide the annual fee into 12 portions and bill you monthly.

  • High APR.

    If you have excellent credit, your purchase APR will be variable. If you have average or rebuilding credit, your purchase APR will be 25.99% variable. Consider paying off your balance in full each month to avoid accruing interest at a high rate.

  • You may or may not have a grace period.

    After you apply for the card, Credit One Bank will decide whether your account has a grace period. If you don’t receive a grace period, the bank will start charging interest on purchases immediately. This is a highly unusual practice, as virtually all credit card providers offer grace periods.

  • Fee for Express Payment.

    If you make an Express Payment on your card bill — which typically means a portion of your payment will be available within two days — you’ll be charged $9.95 per transaction. You may use a debit card, ATM card or bank account. There is no fee if you use the Standard Payment option, but you can use only a bank account, and your payment may take seven days to post.

  • Potentially high cash advance fees.

    You may receive a cash advance fee of $5 or 8%, whichever is greater or $10 or 3%, whichever is greater. The former rate is higher than average; typically, the cash advance rate is 5% of the transaction.

  • Late- and returned-payment fees.

    For each late or returned payment, you’ll pay a fee of up to $38.

How does credit card interest work?

Compare Rewards credit cards

Updated January 23rd, 2019
Name Product Welcome Offer Reward Value per Dollar APR (Annual Percentage Rate) for Purchases Annual Fee
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
1x points
18.24% to 25.24% variable
$0 annual fee for the first year ($95 thereafter)
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months.
Earn 50,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening - that's $750 toward travel when you redeem through Chase Ultimate Rewards®.
1x points
19.24% to 26.24% variable
$450
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months.
Earn $150 cash back after spending $500 on purchases in the first 3 months from account opening
1% cash back
17.24% to 25.99% variable
$0
0% intro APR for 15 months from account opening on purchases and balance transfers.
Earn $150 cash back after spending $500 on purchases in the first 3 months from account opening
1.5% cash back
17.24% to 25.99% variable
$0
0% intro APR for 15 months from account opening on purchases and balance transfers.
$150 statement credit after you spend $1,000 in purchases on your new card within the first 3 months.
1% cash back
15.24% to 26.24% variable
$0
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees

Compare up to 4 providers

What should I know before I apply?

To apply for the Official NASCAR® Credit Card from Credit One Bank®, you must be at least 18 years old.

Required information

  • Your name and mailing address.
  • Your email address and phone number.
  • Your Social Security number and date of birth.
  • Your total monthly income.

What credit score do I need?

You’re welcome to seek prequalification for this card even if you’re rebuilding credit. The higher your credit score, the better approval odds you’ll have.

What do customers say about the Official NASCAR® Credit Card from Credit One Bank®?

Some customers say they’ve received decent credit-limit increases while they’ve had the card. Other customers warn it’s difficult to make payments, mentioning the Express Payment option costs $9.95 per transaction.
Credit One Bank has an A- rating from the Better Business Bureau (BBB). The average of its customer reviews hovers around 1 out of 5 stars. It currently has over 1,200 customer complaints. Making payments early can help you avoid the Express Payment fee and get your bill paid before it’s due.

How long will it take to get my Official NASCAR® Credit Card from Credit One Bank®?

It may take a few days or weeks before you hear back about your application. You can check the status of your application by clicking Application status on the Credit One Bank homepage.

If you’re approved, you’ll likely receive your card by mail within 7 to 10 business days.

I got the card. Now what?

  • Check your card terms.
    You’ll receive them along with your mailed card. In particular, understand your annual fee, purchase APR, rewards and whether you have a grace period on interest.
  • Set up your online account.
    Go to the Credit One Bank homepage and click Set up online account access to create an account. This lets you view your balance, check upcoming payment dates and make payments online.
  • Decide if you want to make Standard Payments or Express Payments on your card bill.
    Standard Payments have no fees but take up to seven days to complete. Express Payments complete faster but cost $9.95 per transaction.
  • Avoid interest.
    If you have a grace period on interest, strongly consider paying off your balance in full each month. This will help you avoid accruing interest at a high APR.
  • Avoid fees.
    You may have a higher-than-average cash advance fee. Foreign transactions, late payments and returned payments will lead to fees as well.
  • Contact customer service.
    Call 1-877-825-3242 to reach Credit One Bank customer support.

Bottom line

The Official NASCAR® Credit Card from Credit One Bank® could be a good choice for big NASCAR fans. Due to its opaque terms, consider another card if you’re rebuilding credit.

Before applying, consider great cashback cards and secured products.

Frequently asked questions

Kevin Joey Chen

Kevin Chen is a world-travelin', copy-writin', Game of Thrones-watchin' credit cards writer for finder.com. When he's not crunching the numbers on bonus points and comparing APRs, you can find him flying around the world in search of the perfect beer.

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