Are there any specific Credit One Bank ATM locations to use?

You can use a Credit One credit card to withdraw cash from an ATM. But as is the case with all credit cards, this type of transaction will be considered a “cash advance.” That means you’ll have to pay a fee each time, in addition to the ATM owner’s surcharge. And interest will immediately begin accruing at a very high rate. So it’s best to avoid cash advances unless it’s an emergency.… read full answer

It’s also important to note that you may not have access to much cash, even if you decide to do an advance. Cash advance limits tend to be much lower than a card’s spending limit. And Credit One credit cards have a minimum spending limit of just $300.

Finally, while its name might lead you to assume otherwise, Credit One Bank doesn’t actually offer bank accounts – just credit cards. So there’s no other type of Credit One card that you can use for ATM withdrawals.

Credit One Bank is a legit bank that has been issuing unsecured credit cards for people with limited credit and bad credit since 1984. Credit One Bank has an A- rating from the Better Business Bureau and is considered to be a major credit card company by the market research firm J.D. Power.… read full answer

Some people question whether Credit One is real because it has no physical branch locations, operating online only. Another major reason people might think Credit One Bank might not be a legitimate company is that its name and logo are quite similar to Capital One’s. Both companies are real (and they’re not related). Capital One is just bigger, more well-known and has more credit cards to choose from. And Credit One does not offer financial products aside from credit cards.

Here’s why Credit One Bank is legit:

• Credit One Bank is a legitimate company, founded in 1984.
• 10+ million people have a Credit One Bank credit card.
• Credit One Bank has been accredited by the Better Business Bureau (BBB) since 2011.
• Credit One has an A- BBB rating, though the BBB notes a pattern of customer complaints about billing and credit-reporting issues made against the company.
• Credit One Bank has paid more than $100 million in cash back rewards to cardholders to date. The company also gave $7.5 million to charity in 2019.
• Credit One Bank is among the major credit card issuers included in J.D. Power’s annual U.S. Credit Card Satisfaction Survey. Credit One does rank at the bottom among national issuers, though.
• Credit One is a completely separate company from Capital One, even though their logos look similar. And Credit One actually had its logo first.
• You can learn about Credit One on their official, secure website.

Credit One is legit. But a Credit One credit card may or may not be the best option for you. Your choices are the Credit One Bank® Visa® Credit Card, the Official NASCAR® Credit Card from Credit One Bank® and the Credit One Bank® Credit Card with Cash Back Rewards. The first two are among the best unsecured credit cards available to people with poor credit. But using a secured card tends to be the least expensive way to way to build or rebuild credit history. Some good options are Discover it® Secured and the Capital One® Secured Mastercard®.

The maximum credit line for a Credit One credit card is reportedly as high as $2,500, but that’s according to cardholder statements in online forums. Credit One does not publicly disclose any sort of maximum credit line. If approved for a Credit One card, applicants can expect a minimum credit line of $300 to $500 initially, depending on the card and the applicant’s credit standing.… read full answer

Credit One cards are designed primarily for people with bad credit (score of 639 or less) or no credit. The lower your credit score is, the lower your Credit One account’s maximum spending amount is likely to be. Credit One may periodically review your account for an automatic credit line increase. This usually occurs after you’ve had the card for at least 6 months. Credit One doesn’t release specific criteria for granting automatic increases.

It’s important to know that if you’re approved, the amount of your credit line that’s available for spending may be reduced before you even use the card. Credit One charges an annual fee of $0 - $95 for the first year (up to $99 after). If there is an annual fee, it will be automatically applied against your credit line. So if your initial credit line is $300, you could start out with as little as $205.

If Credit One’s maximum credit lines aren’t enough to meet your needs, focus on rebuilding your credit to the point where you can apply for a card with the potential for a higher credit line and lower fees.