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Official NASCAR® Credit Card from Credit One Bank®
By:
Credit One Bank
Info about the Official NASCAR® Credit Card from Credit One Bank® has been collected by WalletHub to help consumers better compare credit cards. The financial institution did not provide the details.
Editor’s Take
John Kiernan, Credit Card Editor
Mar 19, 2020
Review: Official NASCAR® Credit Card from Credit One Bank®
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 $99, 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.
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 Shop. 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:
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 Shop. 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 $205, considering the annual fee, which is assessed when you open the account.
- Rewards on Select Purchases. Using the NASCAR Credit Card to make purchases at the Nascar Shop 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 $95 the first year and $99 each year after. The average annual fee on a credit card is about $19.5, and many secured credit cards guarantee $0 annual fees.
- High APR. At 19.49% - 25.49% (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 19.02%. 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.
Mar 19, 2020
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 Shop, terms apply
Official NASCAR® Credit Card from Credit One Bank®'s Key APRs & Fees
| ONE-TIME FEES |
|---|
| None |
| ANNUAL FEE |
| $0 - $99 |
| MONTHLY FEE |
| None |
| REGULAR RATE |
|---|
| 19.49% - 25.49% (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
| MAX LATE FEE |
$39 |
|---|---|
| MAX OVERLIMIT FEE |
None |
| MAX PENALTY APR |
None |
| FOREIGN TRANSACTION FEE |
3% or $1, whichever is greater |
| SMART CHIP |
Yes, chip-and-signature |
-
CASH ADVANCE APR
25.49% (V)
-
CASH ADVANCE FEE
$5/8%, $10/5% or $10/3%, see terms
Other NASCAR Cards
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.
How much is the starting Nascar Credit Card credit limit? Reply 115
WalletHub
@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.
11
Upvotes
Do I need to pay a security deposit for the Nascar Credit Card? Reply 95
Peter Sherer
@psherer
You won't need to pay a security deposit for the Credit One NASCAR Credit card. This card, like the Credit One Platinum, is unsecured.
show more…
9
Upvotes
Will I get the card number instantly if I'm approved for the NASCAR credit card? Reply 76
Robert Stark
@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.
7
Upvotes
How can I qualify for NASCAR Credit Card pre-approval? Reply 51
Vicky Wagner
@friendlystar0
You can check if you qualify for NASCAR credit card pre-approval here.
5
Upvotes
What are the Nascar Credit Card credit score requirements? Reply 54
Alex Wise
@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.
5
Upvotes
Can I get approved for the Nascar credit card with a bankruptcy? Reply 43
Peter Fox
@PeterFox
It is likely to get approved for the NASCAR credit card after a bankruptcy, but it really depends on when you filed bankruptcy.
Best way to find out is to check if you prequalify. That won't affect your credit and you'll have a better picture.
4
Upvotes
How long does it take to get the Nascar Credit Card? Reply 43
FRANKIE SOLOMON
@solosolosolo
It takes 7-10 business days to get your new NASCAR credit card in the mail. If it's any longer than that, call 1 702-405-2042 and check what's going on.
4
Upvotes
How do I get a Nascar Credit Card credit limit increase? Reply 42
James Bronzz
@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.
4
Upvotes
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 41
4
Upvotes
Official NASCAR® Credit Card from Credit One Bank® Reviews
Share your insights and review the Official NASCAR® Credit Card from Credit One Bank®.
Jan 10, 2020
I’m closing my account. I never really spent a lot on it. The annual fee was $75 for me. I heard it’s different for some others. You pay the first annual fee upfront. The second year it’s spread out monthly! That means they’re trying to collect interest. It’s a way to keep you in debt. Once you payoff your card, YOU MUST CALL THEM TO CANCEL! If not, they’ll bill you another annual fee! Plus, I don’t like the way how it always ask to verify my banking account. I used it three times paying off my balance. They still ask for verification before I can use my own account. I have to verify with a code sent to my email every time and verify AGAIN to use my bank account! I actually received an email indicating I could not use my bank account until I tell them the two small deposits they made in my account. So I pay the annual fee of $75, then they hold my payment option hostage until verified after I used it three times?! I’ll be fine without this card!… show more
Comment
Oct 18, 2019
This company is noted for screwing consumers. Credit one is infamous for extending credit far beyond the means of the consumer in an effort to maximize their profit margins. A friend of mine got caught up by these criminals and they gave him a credit line of 1,500 when his monthly income is only 1,400. He is an elderly Veteran who is on limited income and now because of them he is in danger of losing his place to live. He had no idea they were charging him $99 a year to have the card and 27.99% interest . I wish they had negative 10 star ratings on this site because that is exactly what I would give them because my friend now owes these scum more than $2,000 which he can't pay down because he doesn't have enough income. Ripping off 84 year old Veterans should be a felony and their board of directors should be facing 20 years in prison...
Don't even think of doing business with these scum or letting them anywhere near your wallet....… show more
Don't even think of doing business with these scum or letting them anywhere near your wallet....… show more
Sep 07, 2019
Bad Customer Service and they mislead you on the fine print. It’s a scam because they are ripping you off by charging you an annual fee and a monthly !! Then when I tried to cancel they gave me the idea that they would close my account and wouldn’t go to collections but they did the exact opposite
Aug 04, 2019
I have the Credit One Card to rebuild my credit. I will not recommend this card. I received the card on June 1, 2019 and immediately received a statement for fees which I paid in full within 2 days. I used the card twice in June and paid it off a couple of days later. July arrived: no no statement, credit reporting for the credit amount, nor payments. In fact, as of today their app and website still shows my due date as 7/12/19. It also takes a week to post payments.
There is absolutely zero benefit for me having this card if they're not reporting to the credit agencies. If not for the yearly fee I've already paid, I would have cancelled the card. Instead, I placed it in my drawer and will close it in December.
Of the 5 cards that I have, this is by far the only bad one. All other cards reported in a month. Stay away!!… show more
There is absolutely zero benefit for me having this card if they're not reporting to the credit agencies. If not for the yearly fee I've already paid, I would have cancelled the card. Instead, I placed it in my drawer and will close it in December.
Of the 5 cards that I have, this is by far the only bad one. All other cards reported in a month. Stay away!!… show more
Jun 07, 2019
I have this card. I applied when my credit was about a 540. I was approved for 300. About 2-3 months later I was granted a credit line increase to 500. I never have issues when I use it. I use it in and out of town with ease. As for fees or the interest rate. It shouldn’t be a surprise to anyone. If you had excellent credit than you wouldn’t have applied for the card. My payments post easy. It takes about two days to clear. The only thing I don’t like is that you can’t schedule payments in advance. Like I have to long in to make the payment, instead of scheduling them for the month on my pay day. No complaints!… show more
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Last updated on: March 19th, 2020 at 05:38
Other NASCAR Cards
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: Mar 19th, 2020 at 05:38 ET