Credit One Bank® Unsecured Visa® for Rebuilding Credit review
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Credit One Bank® Unsecured Visa® for Rebuilding Credit: Details and benefits
The Credit One Bank® Unsecured Visa® for Rebuilding Credit earns qualified applicants 1 percent cash back rewards on all purchases. Depending on your level of creditworthiness, you’ll qualify for one of four Cash Back Rewards programs:
- 1.0 percent cash back rewards on eligible gas, groceries, mobile phone service, internet service and cable and satellite TV service
- 1.0 percent cash back rewards on eligible gas, groceries, dining purchases, mobile phone service, internet service, and cable & satellite TV services
- 1.1 percent cash back rewards on eligible dining purchases and 1.0 percent cash back rewards on other eligible purchases
- 1.0 percent ash back rewards on eligible purchases
Credit One Bank will notify you of which program you qualify for after submitting a pre-qualification request and confirmation of card offer qualification.
Similar to other Credit One Bank cards, you’ll owe an annual fee between $0 and $95 for the first year and $0 to $99 thereafter, depending on your credit score.
Is the Credit One Bank® Unsecured Visa® for Rebuilding Credit worth it for you?
If your credit score hovers within the fair-to-poor range, the Credit One Bank Unsecured Visa can help you improve your score while earning cash back on everyday purchases.
Credit One Bank will regularly review your account for credit line increases (credit limit starting at $300 with regular review for credit increases) and offers free access to your Experian credit score and credit report.
One of the more valuable perks of the card includes the ability to choose your payment due date. After your initial billing period, you can select a new due date at least six days before or after your original due date (effective once the new due date appears on your statement).
As an alternative, the Capital One QuicksilverOne Cash Rewards Credit Card can earn you an unlimited 1.5 percent cash back on every purchase for a set annual fee of $39. You can automatically be considered for a higher credit limit in as little as 6 months.
Get the most value from the Credit One Bank® Unsecured Visa® for Rebuilding Credit
Unsurprisingly, the Credit One Bank Unsecured Visa doesn’t offer a welcome bonus after hitting a certain spending threshold.
You will, though, receive zero fraud liability, text message alerts — should any fraudulent activity occur in your account — 24/7 roadside and travel assistance, purchase protection, extended warranty coverage and a rental car collision damage waiver.
How to redeem rewards
Any cash back earned through the Credit One Bank Unsecured Visa will be automatically redeemed and posted to the following month’s statement. (You won’t earn rewards on cash advances or fees or while your account is delinquent.)