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Official NASCAR® Credit Card from Credit One Bank®
Editor’s Take
Official NASCAR® Credit Card from Credit One Bank® Review
The Official NASCAR® Credit Card from Credit One Bank® is an unsecured rewards credit card for people with bad credit or limited credit. It offers a starting credit limit of $300 in return for an annual fee that could be $0 to $75 the first year and $0 to $99 after that, depending on creditworthiness. However, any balance that you carry from month to month with the NASCAR Visa will accrue interest at a very high rate: 20.24% - 26.24% (V), again depending on creditworthiness.
Perhaps the best part of the NASCAR Credit Card offer is the rewards. Cardholders earn 1% cash back in select spending categories as well as 2% back on purchases at nascar.com. But a lower annual fee would likely trump such rewards earnings for most people with poor credit.
All things considered, the NASCAR Credit Card is a decent option if you have bad credit and really do not want to put down a refundable security deposit to get a secured card. There simply aren’t many unsecured credit cards with even semi-low costs. Just know going in that you’ll have to pay more in the long run, relative to a secured card, for the unsecured spending power now.
If you need more information before making a decision, you can learn more about the NASCAR Visa Card’s strengths and weaknesses below.
NASCAR Credit Card Review Highlights:
John Kiernan, Credit Card Editor
Apr 11, 2019
Perhaps the best part of the NASCAR Credit Card offer is the rewards. Cardholders earn 1% cash back in select spending categories as well as 2% back on purchases at nascar.com. But a lower annual fee would likely trump such rewards earnings for most people with poor credit.
All things considered, the NASCAR Credit Card is a decent option if you have bad credit and really do not want to put down a refundable security deposit to get a secured card. There simply aren’t many unsecured credit cards with even semi-low costs. Just know going in that you’ll have to pay more in the long run, relative to a secured card, for the unsecured spending power now.
If you need more information before making a decision, you can learn more about the NASCAR Visa Card’s strengths and weaknesses below.
NASCAR Credit Card Review Highlights:
- $300 Minimum Credit Limit. Your initial spending power could be as low as $225, considering the annual fee, which is assessed when you open the account.
- Rewards on Select Purchases. Using the NASCAR Credit Card to make purchases on the nascar.com store gets you 2% cash back. Other purchases categories provide 1% back, but you won’t find out exactly which ones until you’re approved for an account. The options, according to the card’s terms and conditions, are 1% back on “eligible Gas and Automotive Purchases” or 1% back on “eligible Purchases.”
- Potential for High Annual Fees. The NASCAR Visa may charge up to $75 the first year and $99 each year after. The average annual fee on a credit card is about $17, and many secured credit cards guarantee $0 annual fees.
- High APR. At 20.24% - 26.24% (V), depending on your creditworthiness, the NASCAR Card’s APR makes carrying a balance from month to month cost a pretty penny. The average credit card APR is 19.24%. Still, several other unsecured credit cards for bad credit charge even higher rates than Credit One’s NASCAR Visa.
- Not Much Competition with No Deposit. Unsecured credit cards for people with poor credit are notoriously expensive. In addition to high annual fees and APRs, some charge application processing fees and monthly fees. All you get in return is a very small amount of spending power that you don’t need to pre-pay for. This is why secured credit cards, which tend to be much cheaper in the long run, are a better bet if you don’t need an emergency loan. They can help you build credit just the same.
- Much Depends on Creditworthiness. Several key aspects of the NASCAR Credit Card offer will be up in the air when you submit an application, including its annual fees and interest rate. You won’t find out the particulars until you’re approved for an account. That kind of uncertainty makes it difficult to compare credit card offers with confidence.
Apr 11, 2019
Official NASCAR® Credit Card from Credit One Bank®'s Rewards
- Get 1% cash back rewards on eligible purchases and double cash back rewards at the NASCAR.com Superstore, terms apply
Official NASCAR® Credit Card from Credit One Bank®'s Key APRs & Fees
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ONE-TIME FEES
None
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ANNUAL FEE
$0 - $99
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MONTHLY FEE
None
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REGULAR RATE
20.24% - 26.24% (V)
-
GRACE PERIOD
0 or 24 Days (see terms)
Official NASCAR® Credit Card from Credit One Bank®'s Highlights
- See if you Pre-Qualify without harming your credit score
- No need to fret—you’re covered by $0 Fraud Liability
- Accounts are automatically reviewed for credit line increase opportunities
- Choose your monthly payment due date for added convenience, terms apply
- Monitor your credit with free online access to your Experian credit score, terms apply
- Looking to rebuild credit? We report to the major credit bureaus monthly
- Never miss an account update with customizable text and email alerts
Official NASCAR® Credit Card from Credit One Bank®'s Additional Info
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MAX LATE FEE
$39
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MAX OVERLIMIT FEE
None
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MAX PENALTY APR
None
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FOREIGN TRANSACTION
FEE
3% or $1.00, whichever is greater
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SMART CHIP
Yes, chip-and-signature
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CASH ADVANCE APR
26.24% (V)
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CASH ADVANCE FEE
$5.00/8% or $10.00/3%, whichever is greater (see terms)
at Credit One Bank's secure site
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Customer Questions and Answers
Don't see what you're looking for? Submit your question about Official NASCAR® Credit Card from Credit One Bank® to our community.
Does this card have no credit limit? Reply 42
WalletHub
Dec 21, 2017 · @WalletHub
The NASCAR Visa does have a credit limit, which is assigned to each cardholder upon account opening, based on their creditworthiness. Your limit is disclosed when the card is issued, and can be found on the welcome materials, as well as each of your monthly statements. The maximum amount is not disclosed, but the minimum credit limit you will receive is $300. If you’re unsure of your limit, give customer service a call at 1-877-825-3242.
4
Upvotes
Will I get the card number instantly if I'm approved for the NASCAR credit card? Reply 22
Robert Stark
Sep 19, 2018 · @robert.stark
No, that's not possible. You'll have to wait for your card to come in the mail to find out your card number. You'll get it in the mail two weeks at most after being approved.
2
Upvotes
Does this card require a security deposit? Reply 21
Peter Sherer
Sep 14, 2017 · @psherer
No, it does not – the Credit One Bank NASCAR Visa credit card is an unsecured credit card.
2
Upvotes
Is there a security deposit required? Reply 21
Robert W Polk
Aug 18, 2017 · @robert.polk
No, the Credit One Bank® NASCAR® Visa® is an unsecured credit card.
2
Upvotes
How do I get a Nascar Credit Card credit limit increase? Reply 21
James Bronzz
Feb 15, 2019 · @jbronz
You can ask for a NASCAR Credit Card credit limit increase by calling 877-825-3242, but only if you have at least 6 months of on-time payments.
Credit One even says that accounts are automatically reviewed for credit line increase opportunities but they do not disclose how long it takes for this review to take place.
2
Upvotes
Can I rent a car with my Nascar Credit Card? Reply 1
Thom Fotenberg
Feb 11, 2019 · @thom.f
You can rent a car with your Nascar credit card. It's a major credit card.
1
Upvote
What are the Nascar Credit Card credit score requirements? Reply 12
Alex Wise
Jan 7, 2019 · @Alex_Wise
The NASCAR Credit Card is available to applicants with bad credit. A recent bankruptcy might make it tricky to get this card. But when you click "Apply now" it'll take you to their preapproval page. So you can get an idea of your odds with no harm to your credit score.
1
Upvote
I need a credit amount to rebuild creit. Can i get a card to help? I work all the time and always help when given the option to do so. Reply 1
1
Upvote
Can I apply for the Credit One NASCAR Visa if I have a Credit One Bank Platinum? Reply 11
William Dines
May 11, 2018 · @will_dines3
As far as I know, you can. The maximum limit is 2 credit cards, so you should be able to apply for it.
1
Upvote
Official NASCAR® Credit Card from Credit One Bank® Reviews
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We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
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Last updated on: April 11th, 2019 at 12:25
Related Credit Cards
If you are interested in the Official NASCAR® Credit Card from Credit One Bank®, check out the following credit cards as well:
Related Credit Card Categories
Official NASCAR® Credit Card from Credit One Bank® is related to the following categories:
WalletHub is an independent comparison service.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not issuer’s responsibility to ensure all posts and/or questions are answered.
Offer last updated: Apr 11th, 2019 at 12:25 ET