Does credit one give credit line increases

Platinum Rewards Visa

Our thoughts

The Platinum Rewards Visa with Cash Back Rewards comes with an annual fee of $95, but also a good cashback rewards program that can easily make up for the annual fee. You earn 5% cashback rewards on the first $5,000 of eligible purchases on gas, grocery, and internet, cable, satellite TV and mobile phone services each year, then 1% thereafter. If you spend at least $5,000 on groceries in a year, that's $250 in cash back before you hit the earnings cap. The card also comes with a higher minimum credit line of $500, making it a good way to go for someone with average credit.

By the way, if you have 660 - 850 credit and you love the idea of grocery rewards, you should check out the Blue Cash Preferred® Card from American Express. It offers a better cashback rate on U.S. supermarket purchases.

Score needed: See website for details

Rewards: 5% cashback rewards on the first $5,000 of eligible purchases on gas, grocery, and internet, cable, satellite TV and mobile phone services each year, then 1% thereafter

Minimum credit line: $500

APR: 23.99% Variable

Annual fee: $95

Credit One Bank Wander® Card

Our thoughts

If you love to travel, the Credit One Bank Wander® Card is actually a pretty decent travel rewards card with rewards. Cardholders earn bonus points on car rentals, as well as restaurants and hotels. For a $95 annual fee, this is actually a good rate on travel purchases.

Your points are fairly straightforward to redeem: You can redeem them toward statement credits in increments of 1,000 at a value of 1 cent per point. You can also redeem points for gift cards, merchandise and more.

Score needed: 600 - 850

Rewards: Earn 10x points on eligible hotels and car rentals booked through the Credit One Bank travel site, 5x on eligible travel, dining & gas, and 1x points on all other purchases

Minimum credit line: $500

APR: 25.49% Variable

Annual fee: $95

Credit One Bank American Express Card

Our thoughts

The Credit One Bank American Express Card charges a $39 annual fee, but offers Unlimited 1% cash back rewards on all purchases and, most notably, travel benefits and purchase protections from American Express. You'll have to contend with slightly more limited merchant acceptance, since it's an Amex card, though on the plus side, you'll be covered with benefits, like 90 day coverage against theft and damage on eligible items.

Score needed: 600 - 850

Rewards: Unlimited 1% cash back rewards on all purchases

Minimum credit line: $300

APR: 23.99% Variable

Annual fee: $39

Credit One Bank® Platinum Rewards Visa® With No Annual Fee

Our thoughts

This is the only card from Credit One with a $0 annual fee in its terms, and therefore one of the best options on this list. It's a decent choice for earning rewards while building credit: You'll Earn 2% cash back rewards on eligible gas and grocery purchases as well as mobile phone, internet, cable, and satellite TV services, terms apply, without having to pay an annual fee. Unfortunately, you don't earn any cash back outside of its limited earning categories, so if you have good credit, you can find better cashback credit cards.

Score needed: 720 - 850

Rewards: Earn 2% cash back rewards on eligible gas and grocery purchases as well as mobile phone, internet, cable, and satellite TV services, terms apply

Minimum credit line: $300

APR: 26.99% Variable

Annual fee: $0

Credit One Bank® Platinum X5 Visa®

Our thoughts

For an annual fee of $95, the Credit One Bank® Platinum X5 Visa® includes a lesser rewards program than the two cards above: You only earn 1% cash back on a limited list of categories. However, it's not a terrible option for someone trying to build a credit history. If you can't qualify for the above offers, you should check this card out.

Score needed: 660 - 720

Rewards: Earn 5% cash back rewards on the first $5,000 of eligible gas, grocery, internet, cable, satellite TV, and mobile phone service purchases each year, and then 1% thereafter. Plus 1% cash back rewards on all other purchases, terms apply

Minimum credit line: $300

APR: 26.99% Variable

Annual fee: $95

Credit One Bank® NASCAR® Credit Card

Our thoughts

The Credit One Bank® NASCAR® Credit Card is one of several cards from Credit One targeted to consumers trying to rebuild their credit. It charges an annual fee of $39-$99 and offers cash back on NASCAR purchases. The card also offers exclusive deals, discounts and special experiences for NASCAR. If you're a NASCAR fan, it could be a good way to build your credit score.

Score needed: 300 - 850

Rewards: 1% cash back rewards on eligible gas and automotive purchases and double cash back rewards at the NASCAR Shop, terms apply

Minimum credit line: $300 minimum credit line (reduced by annual fee that you are granted — e.g., if you have a $99 annual fee, your credit line will be $201)

APR: 23.99% variable

Annual fee: $39-$99

Vegas Golden Knights Credit Card

Our thoughts

Similar to the Credit One Bank® NASCAR® Credit Card, this card is targeted to fans of Las Vegas’ hockey team. It charges an annual fee of $0 to $75 for the first year. After that, $0 to $99. However, while it does include special deals and discounts for Golden Knights fans, it doesn't offer a cashback bonus on Golden Knights purchases. Instead, you'll be offered 1% cash back on a variety of categories, just like the Credit One Bank® Platinum X5 Visa®.

Score needed: 720 - 850

Rewards: 1% cash back rewards on eligible purchases

Minimum credit line: $300 minimum credit line (reduced by annual fee that you are granted — e.g., if you have a $99 annual fee, your credit line will be $201)

APR: 23.99% Variable

Annual fee: $0 to $75 for the first year. After that, $0 to $99

Best Friends® Credit Card

Our thoughts

For animal lovers, the Best Friends® Credit Card offers rewards on pet purchases, plus a little something extra for your furry friends — a donation of 1% of eligible purchases to the Best Friends Animal Society. With a fairly low annual fee of $0-$39, this card could be a decent option for a pet owner trying to improve their credit score.

Score needed: 720 - 850

Rewards: 5% cashback rewards on eligible pet shops, pet foods, and supplies stores purchases for the first $5,000 per calendar year, and then 1% thereafter

Minimum credit line: $300

APR: 23.99%

Annual fee: $0-$39

WWE® Champion Credit Card

Our thoughts

The WWE® Champion Credit Card is a solid option for applicants with 600 - 660 credit who are also fans of sports entertainment. For a $49 annual fee, the card offers cash back on all your purchases, plus bonus rewards on certain categories, including TV, mobile phone and dining purchases. The specific perks for WWE fans are limited — you’ll get a specially designed card and access to special promotions from WWE. However, the card’s cashback rewards are a good reason to sign up, potentially making up for the annual fee each year.

Score needed: 600 - 660

Rewards: 3% cash back on eligible internet, cable and satellite TV, and mobile phone service purchases; 2% cash back on eligible dining purchases and 1% cashback rewards on all other eligible purchases

Minimum credit line: $300

APR: 23.99%

Annual fee: $49

WWE® Superstar Credit Card

Our thoughts

Credit One offers a second WWE-branded card for those trying to rebuild their credit, the WWE® Superstar Credit Card. Like the WWE® Champion Credit Card, the WWE® Superstar Credit Card comes with a special card design and special WWE promotions. However, the cashback rewards are limited to a few spending categories and the annual fee is high. You can find secured credit cards that allow you to rebuild credit with no annual fee and much better rewards.

Score needed: 0 - 300

Rewards: Earn 1% cashback rewards on eligible internet, cable and satellite TV, and mobile phone service purchases, as well as eligible dining purchases

Minimum credit line: $300 (reduced by annual fee that you are granted — e.g., if you have a $99 annual fee, your credit line will be $201)

APR: 23.99%

Annual fee: $75 for the first year, then $99

Compare Credit One cards

Credit One card benefits

Cashback rewards

With all Credit One cards, including products for consumers with low credit scores — you'll earn cashback rewards on your purchases. Rewards range from 1% cash back on a few categories of purchases, to 5% cash back on some categories of purchases and 1% back on everything else.

No security deposit required

None of the cards above require a security deposit, which means you can start building credit without having to plunk down a large dollar amount (though you may still have to pay an annual fee).

Free credit score

You can sign up for a free credit score service that lets you view your credit score and credit report summary online.

Reports to major credit bureaus

Credit One reports to all three major credit bureaus (Experian, TransUnion and Equifax) each month, helping you to build a credit history.

Credit line increases

Credit One reviews your account on a regular basis. With responsible credit card usage, you could boost your credit line, which can help improve your credit score.

Prequalify online

Credit One allows you to prequalify for all of its products online, with no hard pull to your credit. You can see whether you qualify for an offer, and what type of offer you may qualify for before you decide to apply.

Zero fraud liability

As long as you notify Credit One immediately of unauthorized charges, you aren't responsible for paying those charges.

Pick your payment due date

If Credit One's default due date doesn't work for you, you can pick your own due date.

More Rewards program

You can get 10% additional cash back when you opt in to special offers through Credit One's More Rewards program.

What to watch out for with Credit One cards

Credit One cards can be useful tools for consumers working on their credit scores, though its terms can be a little confusing, since they can vary widely depending on your credit profile.

Here are a few items to keep an eye out for when applying for the cards:

• Annual fee. Many Credit One cards charge an annual fee, and the fee can be very pricey for certain types of cardholders (up to $99 per year) if you're trying to rebuild credit. Furthermore, you can't tell until you prequalify how high of an annual fee you'll get. There is also variability in how the fee is billed — some cardholders are billed all at once; for others, the annual fee may be divided by 12 and billed monthly. Make sure you check the terms of the offer when you prequalify to see if you can afford the annual fee. You may be better off applying for a secured credit card with no annual fee.
• Uncertain terms. While Credit One has vastly improved over the past year, providing clearer annual fees and rewards rates on its site, it occasionally doesn't tell you these terms up front. In this case, reading through the terms and conditions can be pretty confusing due to all the caveats in the fine print. Fortunately, Credit One gives you more specifics once you fill out its prequalification form, so you don't have to commit to a card until you have an idea what you're in for.
• Low initial credit limit in the first month. When applying for a credit building product with Credit One, you should also be aware that the card's annual fee is sometimes automatically charged to your account and comes out of your credit limit for the first month. In this case, if you have a $99 annual fee and a $300 credit limit, you'll only have $201 in remaining credit until you pay off your card that month.
• Optional credit protection program. Credit One offers an optional credit protection program on some of its products. For a fee of $0.96 for every $100 of your balance, Credit One will help you make your payments in case of unemployment or disability. However, we suggest you spare yourself the fee and simply avoid carrying a balance on the card.

How to make the most your Credit One card

With proper use of these cards, you can boost your credit score and eventually qualify for larger credit lines and better cards. Here are some tips for making the most of your new card:

• Use your card each month. You can't build a credit history without using your card. To make it easy, try putting an ongoing purchase — like a gym membership — on your card, then be sure to pay it off each month. You'll be well on your way to a better credit score.
• Don't charge too much. It's easy to get in over your head with credit, so take it easy with your new card — instead of going on a spending spree, start with a few small expenses each month and build from there.
• Don't carry a balance. Pay off your balance each month. Not only does this prevent you from developing debt, but it keeps your credit utilization low — a major factor in credit scoring.
• Pay your balance as soon as your statement closes. It's a good idea to pay your card early to make sure your payment has time to process. You’ll save yourself from having to pay interest, as well as penalty fees.

FAQs about Credit One credit cards

What is the maximum credit line for Credit One?

The maximum credit line will vary, depending on the cardholder's credit history. You'll have an initial credit limit of at least $300 to $500.

How often does Credit One give increases?

Credit One doesn't specify how often it gives increases, but it does review your account on a regular basis for credit line increases.

Is Credit One a good credit card?

When used carefully and responsibly, Credit One cards can be a good option for consumers who want an unsecured credit card to build credit.

Is Credit One Bank legit?

Yes, Credit One Bank is a legitimate bank located in Las Vegas. Founded as a full-service bank in 1984, Credit One now focuses on unsecured credit card products.

Is Credit One part of Capital One?

No – despite the similarity in names, Credit One has no affiliation with Capital One.

Is Credit One secured or unsecured?

All Credit One products are unsecured, which means you don't have to put down a security deposit to open a card.

Does Credit One have a monthly fee?

Not exactly. Credit One doesn't charge a monthly fee, but it does charge an annual fee on some of its cards, billed in monthly installments for some accounts. Whether you have to pay this fee depends on which offer you qualify for – if you have a higher credit score, you could qualify for a card with no annual fee, or you could pay an annual fee up to $99.

Does Credit One help your credit score?

Credit One reports to all three major credit bureaus. If you use your Credit One card responsibly, it can help you build your credit score.

The information related to Platinum Rewards Visa, Credit One Bank Wander® Card, Credit One Bank American Express Card, Credit One Bank® Platinum Rewards Visa® With No Annual Fee, Credit One Bank® Platinum X5 Visa®, Vegas Golden Knights Credit Card, Best Friends® Credit Card, WWE® Champion Credit Card and WWE® Superstar Credit Card has been independently collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply to American Express credit card offers. See americanexpress.com for more information.

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