An in-depth analysis of the best Credit One credit cards
Credit One Bank American Express® Credit Card
- Annual fee: $39.
- Annual range: 28.24% variable.
- 0% introductory annual: N/A.
- Registration Bonus: N/A.
- Awards: Unlimited 1% on all purchases.
- Other properties: Receive offers for shopping, restaurants, travel and entertainment; travel accident insurance.
Why a Credit One Bank American Express® Credit Card is Good for Travel and Entertainment
The Credit One Bank American Express® credit card is for those with a fair or better credit history. It will help you improve your credit score by giving you unlimited 1% cash back on all purchases, as well as special deals on shopping, dining, travel and entertainment through American Express.
Why You Might Not Want to Consider a Credit One Bank American Express® Credit Card
Credit One Bank American Express® credit card is for customers with good, good or excellent credit history. If you fall into the bad credit category, you are unlikely to qualify for this card and you will need to choose another one.
Credit One Bank®® Platinum Visa
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Tariffs and fees.
- Annual fee: $39.
- Annual range: 28.24% variable.
- 0% introductory annual: N/A.
- Registration Bonus: N/A.
- Awards: 1% refund on gasoline, communication products and services such as mobile phone, Internet, cable and satellite TV.
- Other properties: Access your Experian credit score and credit summary.
Why Credit One Bank® Platinum Visa® suitable for cashback on groceries, gas and communication services
The Credit One Bank® Platinum Visa also provides a 1% cash back, but they focus on gasoline, communication products and services such as mobile phone services, Internet, cable and satellite TV. This will be an opportunity to improve your credit by getting a small discount on your communication services.
Why you might not want to consider Credit One Bank®® Platinum Visa
First, you cannot qualify for this card if you have bad credit. It is intended for those who have fair credit or higher. Secondly, you may also prefer a credit card with less limited cashback, such as 1% cashback on all purchases.
Credit One Bank® Platinum Rewards Visa® Credit Card No Annual Fee
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Tariffs and fees.
- Annual fee: $0.
- Annual range: 28.24% variable.
- 0% introductory annual: N/A.
- Registration Bonus: N/A.
- Awards: 2% cashback for purchases in certain categories; up to 10% cashback from participating merchants.
- Other properties: Select the date of the monthly payment; access your Experian credit score and credit report summary.
Why the No Annual Fee Credit One Bank® Rewards Visa Credit Card is Good for Double Cash Back on Some No Yearly Fee Purchases
You will need to have fair or better credit with a Credit One Bank® Rewards Visa credit card with no annual fee. But if you do, you will receive additional rewards. First, you will receive 2% cashback for purchases in certain categories. These include gas stations, grocery stores, and communications services. You will then also receive up to 10% cash back on purchases at select stores. And all this without an annual fee.
Why You Might Not Want to Consider a Credit One Bank® Rewards Visa Credit Card with No Annual Fees
This is another Credit One card that requires at least fair credit. If you have bad credit, you probably won’t be eligible. But you might also prefer a general bonus card that offers cash back on all purchases, rather than a card limited to just gas, groceries, and communications services.
Credit One Bank® Platinum X5 Visa® Credit Card
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Tariffs and fees.
- Annual fee: $95.
- Annual range:28.24% variable.
- 0% introductory annual: N/A.
- Registration Bonus: N/A.
- Awards: 5% cashback on the first $5,000 for gas, products and communication services; unlimited 1% cashback on all other purchases.
- Other properties: Access your Experian credit score and credit summary.
Why Credit Card Visa Credit One Bank® Platinum X5 good for general money back
Whereas the Visa Credit One Bank® Platinum X5 credit card is for those with a fair or better credit history, it offers a surprisingly generous cash back package. You can get an incredible 5% discount on the purchase of gas, communication products and services up to a total of $5,000 per year. It’s $250 per year if you make the maximum amount of purchases.
But after that, you will receive an unlimited cashback of 1% on all other purchases. And you can do all of this by gradually working to improve your credit score.
Why You Might Not Want to Consider Visa Credit One Bank® Platinum X5 Credit Card
Probably the only downside we could think of with this card is the annual fee. This is the highest rate among Credit One credit cards. But if you can maximize those 5% spending categories, the annual fee will be worth paying anyway.
Should You Consider Credit One?
This is a difficult challenge. Credit One products don’t offer very competitive terms, and being able to have a credit card without a grace period is a concern. In addition, these cards can have very high annual fees.
On the other hand, Credit One cards are not meant for those who can qualify for most other credit cards. They are made for people with serious credit problems. Another type of card that meets this need is called secure card.
Summary
If you want to rebuild your credit at minimal cost, then a secured card is the product for you. But if you have bad credit and just want to avoid posting collateral, then Credit One might be an option to consider.
But with secured cards available that only require $49 as a refundable deposit, likely less than Credit One’s non-refundable annual fee of up to $75, most would be better off applying for a secured card rather than an unsecured card. from Credit. One. By understanding exactly what Credit One has to offer, you can make the best choice for your needs.