Review: Credit One Bank® Visa® Credit Card

Review: Credit One Bank® Visa® with Free Credit Score Tracking – June 2018

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Credit One Bank® Visa® with Free Credit Score Tracking is a straightforward card with few bells and whistles.

Product NameCredit One Bank® Visa® with Free Credit Score Tracking
APR for Purchases ( Purchase Rate )17.49% to 25.49% variable
Annual fee$0 to $75 first year annual fee for the first year ($0 to $99 thereafter)
Cash Advance Rate19.40% to 25.49% variable
Card TypeVisa
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 24 days
Returned Payment Fee$35
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
Whichever is greater, $1 or 3% of transaction value
Minimum Interest$1
Minimum Credit ScorePoor (Below 660)
Minimum Age18 years of age
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
Annual fee$0 to $75 first year annual fee for the first year ($0 to $99 thereafter)
Returned Payment Fee$35
Late Payment Fee$37
Cash Advance Fee$5.00/8% or $10.00/3%, whichever is greater (see terms)
Additional Cardholder Fee$19 annually

Credit One Bank® Visa® with Free Credit Score Tracking review

Apply online for this card in less than 60 seconds, without harming your credit score. Monthly credit score tracking is included for free, and Credit One Bank offers flexible payment dates to help you make your payment on time. With the card, you can expect up to a $75 annual fee in the first year, and up to a $99 annual fee each additional year. The minimum credit line is $300, and the purchase APR ranges from 17.49% to 25.49% variable.

Credit One Bank starts with a pre-approval process. While their website does not have a page that explains each individual available card, the pre-approval process can match you up with a card that you qualify for. And the pre-approval process will not affect your credit score.

The perks

  • Track your score. Get free access to your credit score online. Credit One Bank reports to all three major credit bureaus.
  • Quick application process. You can get pre-qualified online in 60 seconds, and it won’t affect your credit score.
  • No application costs. You don’t have to pay out-of-pocket costs to open an account.
  • Cash back. The card lets you earn 1% cash back on eligible gas and grocery purchases.

The nuts and bolts

  • Credit line. Credit One Bank monitors each account for credit line opportunities, and will notify you when you qualify for additional credit.
  • Purchase APR. The APR is based on the Prime Rate, and varies with the market. Depending on your credit score, you can expect a purchase APR of 17.49% to 25.49% variable.
  • Cash advance APR. Cash advances have a higher APR of 19.40% to 25.49% variable.
  • Chip technology. For added protection, all cards are installed with microchip technology.
  • Apple Pay. Credit One Bank makes it possible to set your credit card up with Apple Pay so you can pay with your iPhone or iPad.
  • Account alerts. Get text or email alerts so you know when your payment is due.
  • Fraud protection. The Zero Fraud Liability feature protects you against any unauthorized charges or purchases.
  • Annual fee. In the first year of activation, customers can expect up to a $75 annual fee. For following years, customers can expect up to a $99 fee. Credit One Bank can split up the fee into 12 equal monthly payments for some accounts.
  • Credit limit. Your minimum credit limit will be $300 if approved.
  • Transaction fees. Transaction fees depend on the account. For cash advances, you can expect a $5 fee, or 8% of the cash advance amount, whichever is greater. Or you may have to pay $10 or 3% of each cash advance amount, whichever is greater.
  • Penalty fees. Returned payments can result in up to a $35.00 fee, and each late payment can result in up to a $37 fee.
  • Grace period. Not all accounts will qualify for a grace period. For accounts with no grace period, interest starts accruing right after every purchase is made.

How to apply for the Credit One Bank® Visa® with Free Credit Score Tracking

Always consider your options and your financial situation before you apply for a credit card.

Eligibility criteria:

  • U.S. citizen
  • At least 18 years old

Required documents & information:

  • Full name
  • Residential address
  • Birthdate
  • Phone number
  • Social Security number
  • Income information
  • Email address

Bottom line

This is a bare bones card with little in the way of bells and whistles, which may not make it worth the annual fee. Before choosing the Credit One Bank® Visa® with Free Credit Score Tracking, be sure to compare it with other credit card options.

Adrienne Fuller

Adrienne Fuller leads the publishing team at She has one goal: to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. When she's not helping folks save money, she's hiking with her two Catahoulas around her home in San Diego.

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2 Responses

  1. Default Gravatar
    Mstrdst1May 6, 2017

    How many days to receive Credit One approved card?

    • finder Customer Care
      HaroldJuly 4, 2017Staff

      Hi Mstrdst1,

      Thank you for your inquiry.

      Once approved, you will typically receive your credit card within 1-2 weeks.

      I hope this information has helped.


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