Credit Card Reviews

Got Excellent Credit? Check Out the Credit One Bank® Cash Back Rewards Visa Card

If you have excellent credit and are looking for a credit card that offers cash back plus perks, the Credit One Bank® Cash Back Rewards Credit Card is one to consider. This card offers 1% cash back on eligible gas, groceries and monthly services such as your cellphone, internet, cable and satellite TV bills.

If your credit score is good enough, you may not be charged an annual fee for this card (although if your score isn't so great, the fee could be as much as $95 annually your first year). Rewards are automatically credited to your account. Cardholders can also earn additional cash back rewards of up to 10% through the More Rewards program, and get discounts on everything from dining and travel to retail purchases and event tickets through Visa.

Customer service contact info for Credit One Bank
1 (877) 825-3242
Credit One Bank
P.O. Box 98873
Las Vegas, NV 89193-8873
Cash back on eligible purchases of gas, groceries and monthly services such as cellphone, internet and cableLimited purchase categories for cash back
Up to 10% cash back on purchases through More Rewards program$19 annual fee for each authorized user
Cash back is automatically credited to your accountHigh APR
Annual fee may be up to $95 depending on credit score

Experian Review

Designed for users with excellent credit scores, the Credit One Bank® Cash Back Rewards Credit Card touts its cash back rewards and an array of perks and benefits. The specific details of those rewards and benefits can be difficult to pin down, however, until you get prequalified for the card. Fortunately, getting prequalified is easy to do and won't affect your credit score. Keep reading to see what the Credit One Bank® Cash Back Rewards Credit Card offers.

Earn Cash Back on Purchases

Cardholders get 1% cash back on eligible purchases. All the cash back you earn is automatically credited to your account, which is convenient—there are no points to redeem or steps to go through to claim your cash back.

While the card promotes the ability to get cash back on "every" purchase, the fine print reveals it's actually a limited number of categories: eligible gas, groceries and monthly services such as cellphone, internet, cable and satellite TV. Still, the ability to earn cash back for bills you have to pay anyway is a nice perk, as long as you make sure to pay off those balances every month.

Beyond the 1% cash back, Credit One's More Rewards program lets you earn up to 10% cash back rewards at thousands of participating merchants. Credit One says you can get local, national and special offers at more than 30,000 locations. You have to have a Credit One account to sign in and see what the rewards are, however, so you can't assess how valuable they might be to you when deciding whether you want to apply. (If you don't want to deal with finding special offers and would prefer a card that gives you more than 1% cash back with less fuss, check out other cards listed below.)

The annual fee for the Credit One Bank® Cash Back Rewards Credit Card ranges from $0 to $95 the first year, depending on your credit score, and $0 to $99 in subsequent years. You'll receive automatic account reviews, which may offer the opportunity to increase your credit line.

Easy to Know if You Prequalify

Credit One says it takes less than a minute to see if you prequalify for the Cash Back Rewards Visa, and it won't affect your credit score. Just fill out some basic information including your monthly income and Social Security number. Once you prequalify, Credit One will send you an offer with specific terms. These terms are still conditional on actually applying for the card, though, so if you do apply and get approved, be sure to read the terms of your agreement carefully.

Get Visa Benefits With This Card

Credit One Bank Cash Back Rewards Visa cardholders receive a wide variety of Visa benefits, including discounts and exclusive offers on travel, food and wine, sporting events, entertainment, dining, shopping and more. Visa offers and perks change all the time, but you can check these out before applying for the card to get a sense of what's available. Perks at the time of this writing range from a "buy two pretzels, get the third free" deal at Auntie Anne's (yawn) to a third night free at the Peninsula Hotel in Paris (ooh la la!).

To help keep your excellent credit score shining, you also get free online access to your Experian credit score and receive a summary of your credit report every month.

Flexible, Safe and Customized Experience

The Credit One Bank® Cash Back Rewards Credit Card has several features to make online banking safe and convenient for cardholders. You can set up customized alerts such as payment reminders, transaction notifications and fraud alerts, and have them delivered in the format of your choice—text, email or push notification.

The Credit One mobile app, available for iOS and Android users, gives on-the-go account access with Touch ID for fast, secure sign-on. Check your balance and available credit, see recent transactions and statements, or view payment due dates and make payments. Use the Quick View feature to see a snapshot of your account without signing in. You can also make secure purchases via Apple Pay, Samsung Pay or Google Pay.

Another helpful feature: After the initial billing period, you can choose a new payment due date, which must be at least six days before or after the original assigned date. This can help you better manage your money and make sure your due date doesn't hit at a bad time.

The card's zero fraud liability protects you against any unauthorized charges. For even more peace of mind, add the optional Credit Protection program. If the primary cardholder becomes involuntarily unemployed or disabled, Credit Protection cancels the minimum payment for up to six billing periods. If the primary cardholder dies, Credit One may cancel the entire balance (up to $10,000). Credit Protection costs $0.96 per $100 of your monthly statement balance, so if your balance is $300, for example, credit protection for that month would cost $2.88.

Additional Info

Purchase APR: 25.74% Variable, based on your credit scoreGrace period: At least 24 days
Transfer APR: 0%Annual fee: $0 to $95 for the first year; after that, $0 to $99
Cash advance APR: 25.74% VariableBalance transfer fee: $0
Minimum interest charge: $1Cash advance fee: Varies depending on creditworthiness
Foreign transaction fee: Either $1 or 3% of each purchase in U.S. dollars, whichever is greater
Late payment fee: Up to $39
Returned payment fee: Up to $39

Authorized-User Policy

For an annual fee of $19, you can add one authorized user to this card. Authorized users must be at least 15 years old, and you are solely responsible for their transactions. Learn more about the Credit One Bank® Cash Back Rewards Credit Card authorized-user policy.

Is This Card Right for You?

If you're looking for a card that offers cash back rewards with no effort on your part, the Credit One Bank® Cash Back Rewards Credit Card could fit the bill, since rewards are automatically credited to your account. You may also like this card if you spend a lot on dining, entertainment, sporting events, travel and shopping. Visa offers cardholders lots of discounts and special offers in these categories, although you'll need to keep checking on these ever-changing offers to take full advantage of them.

This card's high interest rate means it isn't the card to keep if you plan to carry a balance, but if you have excellent credit, it could be a worthy addition to your wallet.