Credit One Bank Credit Cards
Unsecured credit cards designed for building and rebuilding credit
⭐ Best for Bad Credit
Credit One Bank Overview
Credit One Bank is one of the few issuers offering unsecured credit cards to borrowers with bad credit — no security deposit required. While the fees are higher than premium cards, Credit One reports to all three major credit bureaus, making it a functional tool for rebuilding your credit score.
Who Is Credit One Bank For?
Ideal Cardholder Profile
- Bad credit borrowers (550+) who need an unsecured card
- Credit rebuilders who want to avoid security deposits
- People who want cash back even while rebuilding credit
- Those denied by other issuers for standard rewards cards
✅ Pros
- Unsecured — no deposit required
- Accepts credit scores as low as 550
- 1% cash back on eligible purchases
- Pre-qualification with soft check
- Reports to all 3 credit bureaus
- Free credit score access
❌ Cons
- Annual fee up to $99
- High APR (28.99%–35.99%)
- Low initial credit limits
- Monthly maintenance fees possible
Credit One Bank vs. Other Bad Credit Cards
| Feature | Credit One Bank | OpenSky Secured | Capital One Secured | Chime Builder |
|---|---|---|---|---|
| Type | Unsecured | Secured | Secured | Secured |
| Deposit | None | $200+ | $49–$200 | None (use balance) |
| Annual Fee | $0–$99 | $35 | $0 | $0 |
| Credit Check | Soft pre-qual | None | Soft check | None |
| Cash Back | 1% | None | None | None |
Frequently Asked Questions
What credit score do I need for Credit One Bank?
Credit One Bank accepts applicants with credit scores as low as 550. You can pre-qualify with a soft credit check that won’t affect your score.
Does Credit One Bank have an annual fee?
Yes. Annual fees range from $0 to $99 depending on the specific card offer you receive. The fee is disclosed before you accept.
Will Credit One Bank help rebuild my credit?
Yes. Credit One reports your account activity to all three major credit bureaus (Equifax, Experian, TransUnion). Consistent on-time payments will help improve your score over time.
Is Credit One Bank the same as Capital One?
No. Despite similar names, Credit One Bank and Capital One are completely separate, unrelated financial institutions.