Positives and Negatives of Credit One Credit Card Options to Build Your Credit Score



If you have bad to fair credit, then you might want to take a look at the options that Credit One Credit Cards are offering. As with many things, you have to take the good with the bad, and there are some good things that Credit One offers, along with some things that they can improve on. To start out, Credit One has no relation to Capital One, as they both seem to have the same style logo and name. When you apply for any of the Credit One Credit Card options, you won’t know which card you are going to qualify for upfront. You must first fill out a general application, which has no effect on your credit score, and then they will show you which of the Credit One options you can get. You also won’t know what the fine print details for the card you want to get will be until after you fill out the application and qualify for it.

Credit One


Paying Your Credit One Credit Card Bill

Make sure to read and understand if the Credit One Credit Card account that you are approved for has a “grace period” or not. If it does, then read and understand how many days you have to pay your bill after it has posted. If your account does not come with a “grace period” then always make sure and pay your bill once it has posted to avoid additional charges.

The main drawback that Credit One has is it’s “Express Pay” option and “Standard Pay” option. We have never heard of such a thing, but it is definitely something that Credit One implements. With the “Express Pay” option you will pay a fee of $9.95 and your payment will be posted by the next business day. With the “Standard Pay” option there is no fee and your payment will be posted in about 5 business days. So, in order to avoid ever paying for the “Express Pay” service you need to always make sure to post your payment at least 6 business days before it is actually due. Many people have complaints about this and if you don’t do your research (like reading this article) then you’ll have some getting used to in order to avoid late payment fees. We assume this is Credit One’s way of padding there bottom line and taking advantage of people who procrastinate and wait until the last minute to check their account. But, since most people who get a Credit One Credit Card are trying to improve their credit, they should check their account constantly anyways.

Credit One Rewards

Credit One does offer, with some of their cards, the opportunity to earn cash back rewards. There is the standard 1% cash back on certain categories, with the only bonus available is with their Credit One Official NASCAR Visa that earns 2% cash back on Nascar.com purchases. Again, you won’t know which card(s) will be available to you until to fill out an application.

Take The Good With The Bad

There are other options out there that might suite you better if you are looking to improve your credit score. Then again, once you get Credit One’s system down, their cards do have the potential, if used correctly, to get you to the credit score that you want. Remember that if you are interested in utilizing a Credit One Credit Card be sure, as with any credit card, to read and understand the fine print. You don’t want to be the one paying fees that you could have avoided if you just did a little research. Credit One does offer a decent amount of cards that could be available to you based on your credit score. So take a look at what they have to offer and then make your decision from there.


Check out more options for credit cards that are helpful in building your credit.