What Is Credit One Bank, and Are Its Credit Cards Right for You?

Credit One Bank is a Las Vegas-based financial services company. In addition to credit cards, it offers high-yield savings accounts and certificates of deposit.

Credit One’s cards are geared toward consumers across the spectrum of credit score ranges, from those who are rebuilding their credit to those with excellent credit.

However, if you have bad credit (FICO scores of 300 to 629) or average credit (scores of 630 to 689), be prepared to pay an annual fee for the cards you’d possibly qualify for. And as of this writing, all of the Credit One credit cards charged a variable APR topping 29%, which is quite high.

Credit One issues several credit cards, including the following mix of cash-back, travel and co-branded products:

• Credit One Platinum X5 Visa: $95 annual fee.

• Credit One Bank Premier American Express: $39 annual fee for fair credit ($0 for excellent credit).

• Platinum Visa For Rebuilding Credit: $75 for the first year, then $99 annually (billed monthly at $8.25).

• Credit One Platinum E3 Visa: Annual fee varies based on the cardholder’s credit score. (This card is closed to new applicants.)

• Platinum Rewards Visa with No Annual Fee: $0 annual fee.

• Platinum Visa: $39 annual fee.

• Secured Card: $0 annual fee.

• Credit One Bank Wander Card: $95 annual fee.

• NASCAR American Express Card: Annual fee varies based on the cardholder’s credit score.

• WWE Credit Card: Annual fee varies based on the cardholder’s credit score. This card was discontinued in December 2024.

• Vegas Golden Knights Credit Card: Annual fee varies based on the cardholder’s credit score.

• Best Friends Credit Card: $0 annual fee.

Here’s a closer look at Credit One’s portfolio of credit cards.

» MORE: Is it worth paying an annual fee for a credit card?

For cash back

Credit One Platinum X5 Visa

The $95-annual-fee Credit One Platinum X5 Visa earns 5% cash back on up to $5,000 in total spending per year on gas and groceries, as well as internet, cable, satellite TV and mobile phone service purchases. After reaching that $5,000 limit, you’ll earn 1% cash back. All other purchases outside of those categories earn 1% cash back, too. You can choose to have your earned rewards redeem automatically for statement credits, or redeem them manually for statement credits, gift cards or merchandise. The Credit One Platinum X5 Visa is for people with average credit to excellent credit.

Credit One Bank American Express Card

The Credit One Bank American Express Card has a $39 annual fee for those with fair credit, and a $0 annual fee for those with excellent credit. It earns 1% cash back on all purchases. Cash back can be automatically redeemed as a statement credit during any billing cycle where you’ve made a purchase with the card. You can also redeem rewards manually for statement credits, gift cards and merchandise.

Platinum Visa For Rebuilding Credit

The Platinum Visa For Rebuilding Credit is a credit-building option for those who’d prefer an unsecured credit card. The annual fee is $75 first year, then $99 annually, billed at $8.25 per month. You’ll earn 1% cash back on gas and groceries, as well as internet, cable, satellite TV and mobile phone service purchases, and cash back will be automatically redeemed as a statement credit. You may become eligible for credit line increases over time.

Platinum Rewards Visa with No Annual Fee

Earn 2% cash back on gas and groceries, as well as internet, cable, satellite TV and mobile phone service purchases. Cash back will be automatically redeemed as a statement credit. As the card’s name implies, the annual fee is $0. It’s designed for applicants with average to excellent credit.

Platinum Visa

The Platinum Visa is a slightly different version of the Platinum Rewards Visa, only it’s intended for applicants with average credit. As such, it charges a $39 annual fee and earns a lower cash-back rate — 1% back on gas and groceries, as well as internet, cable, satellite TV and mobile phone service purchases. Cash back will automatically be redeemed as a statement credit.

Secured Card

A secured credit card is an option for those looking to build credit. Credit One’s Secured Card has a $0 annual fee and requires a security deposit of at least $200. It’s not common for secured cards to earn rewards, but the Secured Card earns 1% cash back on gas and groceries, as well as internet, cable, satellite TV and mobile phone service purchases.

» MORE: NerdWallet’s best secured credit cards

For travel

Credit One Bank Wander Card

Credit One issues just one travel rewards card, the $95-annual-fee Credit One Bank Wander Card. Designed for those with average to excellent credit, it earns:

• 10 points per $1 on eligible hotels and car rentals booked using the Credit One Bank travel partner.

• 5 points per $1 on eligible travel, which includes flights, dining and gas purchases.

• 1 point per $1 on all other purchases.

Points are worth 1 cent each and can be redeemed for travel, statement credits, gift cards and merchandise.

» MORE: NerdWallet’s best travel rewards credit cards

For brand loyalty

NASCAR American Express Card

The NASCAR American Express Card is available for applicants with average to excellent credit, though you’ll pay a $39 annual fee for the card if you have average credit. Those with excellent credit will have a $0 annual fee. The card earns 1% cash back on all purchases, which is automatically redeemed as a statement credit during any billing cycle where you’ve made a purchase with the card.

Vegas Golden Knights Credit Card

The Vegas Golden Knights Credit Card also determines the annual fee it charges based on your credit score. Those who are rebuilding credit will pay $75 first year, then $99 annually, billed at $8.25 per month. Cardholders with average credit will pay a $39 annual fee, and those with excellent credit will pay $0.

The card earns 1% cash back on gas and groceries, as well as mobile phone, internet, cable and satellite TV services. Cash back is automatically redeemed as a statement credit during any billing cycle where you’ve made a purchase with the card. Vegas Golden Knights fans can also get access to merchandise discounts, along with other discounts and experiences.

Best Friends Credit Card

The Best Friends Credit Card has a $0 annual fee and is aimed at applicants with average to excellent credit. It earns 5% cash back on the first $5,000 spent at pet shops, pet foods, and supply stores per calendar year, and 1% after that. Credit One will donate 1% of your purchases to the Best Friends Animal Society.

» MORE: NerdWallet’s best credit cards for pet owners

Is a Credit One credit card right for you?

Credit One provides a wide variety of cards for credit rebuilders and those with average credit. But if you have good or excellent credit (FICO scores of 690 or higher), you potentially have many more cards to choose from. It’s likely you’ll find cards that are either just as rewarding with no annual fee, or cards with annual fees that offer significantly better perks.