Credit One Bank® Visa® with Free Credit Score Tracking review
Credit One Bank® Visa® with Free Credit Score Tracking is a straightforward card with few bells and whistles.
|Product Name||Credit One Bank® Visa® with Free Credit Score Tracking|
|Annual fee||$0 to $99|
|Purchase APR||19.74% to 25.74% variable|
|Balance transfer APR||N/A|
|Cash advance rate||25.74% variable|
|Cash advance fee||$5 or 8% of the cash advance amount, whichever is greater|
|Cash advance fee description||Either $5 or 8%, or $10 or 3% of each cash advance, whichever is greater|
|Foreign transaction fee||3% of the transaction value or $1, whichever is higher|
|Interest free period||Up to 24 days|
|Late payment fee||Up to $39|
|Late payment fee conditions||Terms apply|
|Returned payment fee||Up to $39|
|Returned payment fee conditions||Terms apply|
|Additional cardholder fee||$19|
- 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 19.74% to 25.74%.
- Cash advance APR.
Cash advances have a higher APR of 25.74% 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.
- Credit limit.
Your minimum credit limit will be $300 if approved.
- Penalty fees.
Returned payments can result in up to a $39 fee, and each late payment can result in up to a $39 fee (terms apply).
- 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.
Compare other Credit One Bank credit cards
How to apply for the Credit One Bank® Visa® with Free Credit Score Tracking
- U.S. citizen
- At least 18 years old
Required documents & information:
- Full name
- Residential address
- Phone number
- Social Security number
- Income information
- Email address
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 is the head of publishing at Finder. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.
The Credit One Bank® Visa® with Free Credit Score Tracking is a straightforward credit-building card with a few perks uncommon for cards of this variety. It offers 1% cash back on eligible purchases, a 25.74% purchase and balance transfer APR and no application costs, with a $39 annual fee.
It’s worth pointing out that this is an unsecured credit card for building credit. Such cards are relatively rare, especially those with a rewards program. It’s also rare to find a credit-building card that is so consumer-friendly: you can apply online for this card in less than 60 seconds, without harming your credit score. Plus, monthly credit score tracking is included for free and Credit One Bank offers flexible payment dates to help you make your payment on time.
Like most credit-building cards, the penalties for late payments and other poor use are harsh. But with proper usage, the Credit One Bank® Visa® with Free Credit Score Tracking is quite generous and can springboard nicely into a growing credit line and eventual graduation to a better credit card.