Platinum Rewards Visa with No Annual Fee

The Credit One Bank Rewards Visa is a no-annual-fee credit card designed for consumers with good credit who want to rebuild their credit while earning rewards on everyday essentials. Cardholders earn 3% cash back on select categories like gas, groceries, mobile phone, internet, cable, and satellite TV services, and 1% cash back on all other purchases, making it ideal for disciplined spenders who maximize bonus categories. While it carries a 3% foreign transaction fee, has no welcome bonus, and limits the multiplier to certain purchases, the card offers practical features such as the ability to choose your payment due date and access to credit score monitoring. For individuals focused on improving their credit while earning modest rewards on essential spending, the Credit One Bank Rewards Visa card provides a straightforward, easy-to-manage option.

Issuer

Credit One Bank, established in 1984 as First National Bank of Marin and headquartered in Las Vegas since 1998, is distinct from Capital One despite visual similarities in logos. Focused on credit cards, Credit One Bank has garnered a negative reputation due to fees and limited services. While not a global giant, the bank serves millions of credit members across the US, primarily targeting those with poor or no credit history. Offering a range of credit card products, including cash back and points-based cards, along with high-yield certificates of deposit and savings accounts, Credit One Bank is criticized for its fee structure, notably monthly fees on some cards. Despite an annual revenue of approximately $1.5 billion in 2024, the bank's business practices discourage it as a preferred choice. Engaging in corporate social responsibility, Credit One Bank contributes to Affordable Housing & Homelessness, Employment Services, and Financial Education. Forming partnerships with entities like the Las Vegas Raiders, NASCAR, WWE, Vegas Golden Knights, and Best Friends Animal Society, Credit One Bank lacks physical branches, operating exclusively online. Committed to values like Excellence, Ownership, Integrity, and Collaboration, the bank is an FDIC member, ensuring regulatory compliance.

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Credits & Features