Earn Cash Back While Building Credit With This Card

Those With Less Than Perfect Credit Still Have Options

Creditcards.org Team

| January 15, 2019

The Basics

Credit One Bank specializes in offering products that help you rebuild your credit. The Credit One Bank® Unsecured Visa® Card with Cash Back Rewards is available to applicants with a wide variety of credit profiles including those who have had serious credit problems. Unlike many credit cards that are designed to help you rebuild your credit, it doesn’t require you to pay a security deposit.

In addition, this card offers you 1% cash back on eligible purchases. Depending on the terms you are approved for, eligible purchases could include gas, groceries, or mobile phone services. Other benefits include access to a free credit score based on your Experian credit report, and automatic account reviews for credit line increase opportunities. Credit One cards also include customizable account notifications, $0 fraud liability and compatibility with Apple Pay, Samsung Pay and Google Pay mobile wallet systems.

Credit One Bank® Unsecured Visa® with Cash Back Rewards

See if you Pre-Qualify in less than 60 seconds–without affecting your credit score. It's fast, easy, and secure.

Apply Now

Bad Credit Needed

Benefits & KEY FEATURES

    • See if you Pre-Qualify in less than 60 seconds–without affecting your credit score. It's fast, easy, and secure.
    • Get 1% cash back rewards on eligible purchases including gas, groceries, and services such as mobile phone, internet, cable and satellite TV. Terms apply.
    • This is a fully functional, unsecured credit card–not a debit card, prepaid card, or secured credit card with deposit requirements.
    • Credit One Bank evaluates every account for credit line increase opportunities. We'll let you know as soon as you're eligible for a higher credit line.
    • Take advantage of free online access to your Experian credit score and credit report summary so you can track the key factors impacting your credit health. Terms apply.
    • Zero Fraud Liability protects you if your card is ever lost or stolen. Rest easy knowing you won't be held responsible for unauthorized charges.
    • Access your account easily from your computer, smartphone, or tablet at CreditOneBank.com or the Credit One Bank Mobile App. You can make payments, see recent transactions, and update your account preferences all at the click of a button.
    • Carry a card that makes you smile by choosing from over 20 unique card designs in Credit One Bank's card gallery. A fee may apply.

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All new accounts receive a minimum credit line of $300. The interest rate and annual fee of the card varies depending on your creditworthiness when you applied. Also, keep in mind that the annual fee will be billed to your account when you open it, and your credit line will be reduced by that amount. 

The Pros

This card can be a great way to get your credit back on its feet. By opening an account and paying your bills on time, it’s possible to substantially improve your credit score. You can do this without having to pay a security deposit as you would when opening a secured credit card account. Also, Credit One guarantees that it will give you a minimum $300 credit line.

Another benefit of this card is that its terms will vary based on your credit history. For example, if you’ve only had relatively minor credit problems in the past, then you can expect to receive a lower interest rate and a less expensive annual fee than someone who has had more serious credit issues.

Finally, this card comes with a range of features that others may lack, such as free access to your credit score and compatibility with all the major mobile payment systems. Furthermore, it offers 1% cash back on eligible purchases, a rare benefit for those with less-than-perfect credit.

The Cons

While some cardholders may appreciate that their interest rate, annual fee and rewards program will vary based on their credit history, others might prefer more predictable terms. Many competing cards offer variable interest rates, yet most have a single annual fee and rewards structure.

When you’ve had serious credit problems, you can expect to pay a larger annual fee. Those who can submit a refundable security deposit for a secured card may be able to find products with lower annual fees, or no annual fee at all. 

Bottom Line

This card can make great sense for those who are trying to rebuild their credit, but don’t want to submit a deposit to open a secured card account. An unsecured card that allows you to earn cash back on some purchases is worth considering when your priority is to rebuild your credit.

Have fair credit and want a card with no annual fee? Consider the Capital One® Platinum Credit Card:

Capital One® Platinum Credit Card

Pay no annual fee

Apply Now

Average/Fair/Limited Credit Needed

Benefits & KEY FEATURES

    • Pay no annual fee
    • Get access to a higher credit line after making your first 5 monthly payments on time
    • Fraud coverage if your card is lost or stolen
    • Use online banking to access your account, even from your smartphone, with our mobile app
    • Pay by check, online or at a local branch, all with no fee - and pick the monthly due date that works best for you
    • Get access to your account 24 hours a day, 7 days a week
    • Help strengthen your credit for the future with responsible card use

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Photo ©iStockphoto.com/gpointstudio

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