[DISCLOSURE: Cards from our partners are mentioned below.]
The Credit One Bank Visa card is a rewards credit card for those who are looking to rebuild their credit. Credit One Bank offers five different cashback programs, and depending on the cardholder’s creditworthiness at the time of application, the bank will decide which one to extend to them. The Credit One Bank Visa card offers 1% cash back on eligible purchases like gas, dining and groceries, which posts automatically to your account each month. “After you submit a pre-qualification request and you qualify for a credit card offer, you will be informed of the Cash Back Reward Program with your card offer,” Credit One’s site explains. With this card, members receive travel accident and auto rental collision insurance from Visa, as well as the ability to customize their card’s design from one of 23 options.
Credit One Bank® Unsecured Platinum Visa®
- See if you Pre-Qualify without harming your credit score
- This unsecured card requires no deposit and can help build your credit
- Track your progress with free online access to your Experian credit score, terms apply
- Build your credit history—we report to the credit bureaus monthly
- Accounts are automatically reviewed for credit line increase opportunities
- Enjoy the flexibility to choose your payment due date, terms apply
- Receive 1% cash back rewards on eligible purchases, terms apply
- No need to fret—you’re covered by $0 Fraud Liability
Card Details +
The Credit One Bank Visa card offers a 19.99% - 25.99% Variable APR for purchases, depending on your creditworthiness when you apply. Some accounts receive a grace period, which means that interest charges will be charged on purchases from the posting date. Adding an authorized user costs $19 annually.
Pros & Cons of the Credit One Bank Visa Card
This card offers a number of benefits. You get the ability to personalize your card, and after the first billing period, you can select a payment due date that works best with your schedule to reduce late payments. You may change your due date every six months. Finally, the card comes with zero fraud liability and a mobile app that lets you check your account on-the-go.
In terms of downsides, your fee structure will vary based on your credit score and you may end up paying an annual fee for this card because your credit score is not high enough. If your account doesn’t have a grace period, you will not be able to avoid interest charges on purchases.
Who Should Get This Credit Card?
This card is best for those who want to improve their credit score and like earning rewards. This card is also ideal for those who make their payments on time so they don’t lose their rewards to high interest or the annual fee.
Before You Apply
You’ll want to make sure your credit is in fighting shape, since this card is targeted at those who are trying to rebuild their credit. You can view two of your credit scores for free on Credit.com.
If you’re able to meet the issuer’s credit requirements, understand the card’s terms, and think you can put the benefits to use while making your payments on time, this card may good for you. If your credit doesn’t meet the card issuer’s requirements, however, we advise building your credit and applying when your scores have improved. You may also consider applying for other credit cards designed for people with bad credit.
At publishing time, the Credit One Bank Visa card is offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. However, this relationship does not result in any preferential editorial treatment. This content is not provided by the card issuer. Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved or otherwise endorsed by the issuer.
Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.
This article has been updated. It was originally published March 31, 2015.