The Credit One annual fee is $0 to $75 the first year and $0 to $99 each year after that. All Credit One cards have the same annual fee range, including the Platinum Visa, NASCAR Visa, and Cash Back Rewards card. The exact amount of the annual fee depends on an applicant’s credit profile, which includes their credit score, payment history, outstanding debt and other factors. Applicants will not know their annual fee until they’re approved for an account.
If your Credit One card has an annual fee the first year, Credit One will bill the fee to your account when you open it. Keep in mind that this will reduce your initial available credit until you pay it off. For the second and future years, the annual fee will be billed to your account in 12 monthly installments. For example, if your annual fee is $99, your statement will reflect a monthly charge of $8.25.
Credit One’s annual fees are high for cards designed to rebuild or establish credit. For less expensive options, consider secured cards instead. There are many good secured cards without annual fees. You’ll have to pay a deposit to secure a credit limit. But unlike an annual fee, the deposit is fully refundable once you close the account with a $0 balance.