The Credit One mobile app allows you to schedule payments, check balances and available credit, view your free Experian credit report, and more. Weekend support is available from 6:30 a.m. Live customer support is available from 5 a.m. Platinum Rewards Visa With No Annual FeeĬustomers are able to receive current account information at any time of day or night through the Credit One website, its mobile app, or automated telephone banking.Some credit cards offer cash back rewards and bonuses for spending on certain products or up to a maximum dollar amount each year. At this time Credit One does not offer business credit cards. Its 11 cards are geared toward consumers who are rebuilding their credit. The only product that Credit One offers is consumer credit cards. Additionally, these customers should be satisfied with their current bank for deposit accounts and lending products, as Credit One does not offer checking, savings, and other deposit accounts, nor does it provide other lending solutions, such as mortgages or home equity loans and lines of credit. 11, 2023) Who Is Credit One Best For?Ĭredit One is best for consumers who are looking for a credit card to rebuild their credit and want the option to earn rewards on their purchases. This fee is levied for those making purchases while traveling internationally or buying from an online store based in another country. Foreign transaction fees of 3% – All of the Credit One credit cards charge a 3% foreign transaction fee.This could lead to a surprise for customers who apply and are unsure of their credit situation. Variable annual fees based on creditworthiness (up to $99) – Although Credit One offers one credit card with a guaranteed $0 annual fee, several others are variable based on your creditworthiness.To compensate for this risk, the interest rate charged on its credit cards is higher. High interest rates – Because Credit One targets customers with rebuilding credit, the risk of lending to these customers is higher than average.This sets the right expectations for potential customers and ensures that there is credit available after any annual fees are charged. Minimum credit line of $300 – The bank explicitly states that the minimum credit limit offered is $300 in its terms and conditions.Some credit cards offer rewards of up to 5% cash back on your purchases. However, Credit One offers multiple credit cards that offer cash back rewards and other benefits. Rewards cards earn up to 5% cash back – Many credit cards focused on rebuilding credit are bare bones.You may apply directly with the bank, while some potential customers are targeted through direct mail campaigns based on credit report criteria. Credit cards to help build credit – Credit One’s credit cards are designed for consumers who are rebuilding their credit.
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