Credit One Bank United States ExpressВ® Card review

April 17, 2021 by superch6

Credit One Bank United States ExpressВ® Card review

The bottom line is:

Despite its low money back earning price, the Credit One Bank United states Express Card is a great low-cost credit building choice with fairly low costs and impressive cardholder perks. See prices and costs

Normal price of account each year ($3,600 yearly invest)$3 ($36 in cash return benefits minus $39 fee that is annual

Safety deposit required$0

Initial credit limitStarting at $500

Use of higher credit line?Future line of credit increases could be awarded predicated on your credit that is overall performance but no specified time frame.

APR23.99per cent (variable)

Annual fee$39

Other prices and charges


1% cash return on all acquisitions (terms use)



Other Notable qualities: Free credit rating, choose your repayment deadline, zero fraudulence obligation, use of pre-sale seats, vehicle leasing loss and harm insurance coverage, travel accident insurance coverage, purchase security, return protection, warranty, Amex provides

The Credit One Bank American Express Card falls short, offering a rock-bottom cash back rate and carrying an annual fee that’s hard to justify for cardholders with excellent credit as a general cash back credit card.

But if you’re looking to create your credit without putting straight down a deposit or spending excessive costs, maybe it’s an excellent choice because of its no-fuss benefits making and redemption framework and impressive cardholder perks.

Unlimited 1% cash return benefits

The Credit One Bank American Express card provides a simple cash back earning scheme: You make 1% cash return on all acquisitions, no matter where or everything you buy, and cash return is automatically placed on your bank account each declaration duration as a declaration credit. The Credit One Bank American Express card will do the job if you’re looking for a no-fuss way to reduce your monthly balance.

That said, a 1% money back rate pales when compared to the price provided by numerous cash return cards. Not only can many money back cards match the Credit One Bank United states Express card’s cash return rate, some will get you 1.5%-2% right back on all acquisitions or maybe more on acquisitions in particular bonus groups.

Also some cards that are credit-building match or beat the Credit One Bank United states Express card’s cash return rate. Look at the Petal® 2 “Cash right back, No costs” Visa® Credit Card, that provides 1% money back on eligible purchases straight away and lets you enhance your cash return rate to as much as 1.5per cent right back when you make 12 on-time monthly premiums, all without spending any costs.

Furthermore, automated redemption as a declaration credit, while convenient, means you won’t have the choice of asking for a check or redeeming your money back for travel or present cards.

Cash return might not offset fee that is annual

As the Credit One Bank United states Express card’s cash return program is lackluster on a unique, it really is particularly disappointing because of the card’s fee that is annual of39. Despite having no cash return restriction, it’s going to be tough to make the card’s up yearly fee via money back benefits, if you can come near.

To split despite having the Credit One Bank United states Express card, you’d need to charge at the least $3,900 per or $325 per month with the card year. Based on your investing practices, that could be doable, because of the card’s initial minimum credit restriction is $500.

Nevertheless, it could be better to approach the cash that is card’s system with less of a benefits mind-set and rather ponder over it a means of decreasing the total price of card ownership.

Regrettably, charges are a feature that is common of credit-building cards, and an abundance of them – specially credit cards if you have bad credit – charge even higher yearly fees or carry a myriad of initiation, upkeep and system charges, without providing any type of money back.