- Rewards never expire as long as your account is open and in good standing
- Many different card options
- Choice of bonus categories or flat cash back
- Cash rewards can't be devalued
- Only redemption option is cash back
- No transfer partners
- One card has limits on bonus cash back
Credit One Bank More Cash Back Rewards Review Summary
Credit One Bank More Cash Back Rewards is the 25th best credit card rewards program overall, according to WalletHub's latest comparison, receiving 69 points out of a possible 100. The Credit One Bank More Cash Back Rewards program features several cash back credit cards, including the Credit One Bank® Platinum X5 Visa® and the Credit One Bank® Platinum Visa® for Rebuilding Credit.
Credit One Bank More Cash Back Rewards Review Scorecard
#22 for Earning Policies
#4 for Redemption Policies
#27 for rewards Value per $1 Spent
#1 for Eligibility & Transparency
Best Credit One Bank More Cash Back Rewards Credit Cards
Summary: Credit One Bank More Cash Back Rewards Scores by Review Category
|Rewards Value per $1 Spent||12/30|
|Eligibility & Transparency||20/20|
How to Earn Credit One Bank More Cash Back Rewards
Category Rating: 75% (23/30)
You will earn at least 1% cash back on eligible purchases with a Credit One Bank More Cash Back Rewards credit card. Choosing the right credit card and using it strategically can enable you to earn even more cash back, and there’s no limit on the total amount you can earn.
Earning Restrictions: The Credit One Bank® Platinum X5 Visa® lets you earn bonus cash back on $5,000 in bonus-category purchases each year. After reaching the limit, you will still get 1% cash back in those categories.
How to Redeem Credit One Bank More Cash Back Rewards
Category Rating: 70% (14/20)
With Credit One Bank More Cash Back Rewards, your cash back redeems automatically as a statement credit toward your bill. You will get $1 in statement credits for every $1 in rewards.
Redemption Restrictions to Watch Out For:
- Only cash back redemption available: You cannot redeem your rewards for things like travel, gift cards or merchandise, which some other credit card rewards programs offer.
- No transfer partners: Credit One Bank More Cash Back Rewards does not offer the ability to transfer rewards to other companies’ loyalty programs.
Credit One Bank More Cash Back Rewards Value
Category Rating: 40% (12/30)
Credit One Bank More Cash Back Rewards offers 1% to 5% cash back on eligible purchases, depending on the card and type of purchase. That means you get anywhere from 1 to 5 cents per $1 spent.
Credit One Bank More Cash Back Rewards Eligibility & Transparency
Category Rating: 100% (20/20)
Not all Credit One rewards cards participate in the Cash Rewards program. Credit One has one other rewards program, Credit One Bank Wander Rewards.
Credit One Bank More Cash Back Rewards Cards
- Credit One Bank American Express® Card
- Credit One Bank® Platinum Visa® for Rebuilding Credit
- Credit One Bank Platinum Rewards Visa with No Annual Fee
- Credit One Bank® Platinum Visa®
- Credit One Bank® NASCAR® Credit Card
- Best Friends® Credit Card
- WWE® Champion Credit Card
- WWE® Superstar Credit Card
- Vegas Golden Knights Credit Card
- Six Flags® Rewards Visa
Credit One Bank More Cash Back Rewards Credit Card Comparison
|Credit One Credit Card||Annual Fee||Initial Bonus||Rewards Rate|
|Credit One Bank® Platinum X5 Visa®||$95||N/A||1 - 5% Cash Back|
|Credit One Bank American Express® Card||$39||N/A||1% Cash Back|
|Credit One Bank® Platinum Visa® for Rebuilding Credit||$75 intro 1st yr, $99 after||N/A||0 - 1% Cash Back|
|Credit One Bank Platinum Rewards Visa with No Annual Fee||$0||N/A||0 - 2% Cash Back|
|Credit One Bank® Platinum Visa®||$39||N/A||0 - 1% Cash Back|
|Credit One Bank® NASCAR® Credit Card||$0 - $39||N/A||1% Cash Back|
For more information, check out our editors’ latest picks for the best Credit One Bank credit cards by category.
5 Tips for Getting the Most Out of Credit One Bank More Cash Back Rewards
- Pick the right card & use it wisely
Credit One Bank More Cash Back Rewards cards may reward you more for purchases in certain spending categories or give flat cash back. Your job is to find a card that complements your particular needs.
- Redeem regularly
The whole point of earning credit card rewards is to enjoy the savings they provide. If you just leave your cash back sitting in your account unused, it won’t do you much good.
- Pay your bill on time every month
Your cash back won’t expire as long as your account remains open and in good standing. In other words, you have nothing to worry about if you pay your monthly bills on time.
- Pay your bill in full every month
Paying interest at a credit card’s regular APR will end up costing you more than rewards save you. Paying in full monthly allows you to avoid interest charges.
- Redeem before closing your account
You will lose any cash back left unredeemed when you close your account.
Credit One Bank More Cash Back Rewards vs. Bank of America Cash Back Rewards vs. PenFed Rewards Program
|Category||Credit One Bank More Cash Back Rewards||Bank of America Cash Back Rewards||Discover Cash Back Rewards|
|Average Rewards Value||$1 in rewards = $1||$1 in rewards = $1||$1 in rewards = $1|
|Redemption Options Rank||4||11||8|
|Notable Rewards Card||Credit One Bank® Platinum X5 Visa®||Bank of America® Unlimited Cash Rewards credit card||Discover it® Cash Back|
Credit One Bank More Cash Back Rewards Review Methodology
This review of Credit One Bank More Cash Back Rewards is based on the same methodology as WalletHub’s annual study on the Best Credit Card Rewards Programs. Editor’s ratings reflect the sum of the program’s scores across the study’s four major categories, adjusted to a 5-point scale to create a representative distribution of ratings. The four major categories considered were: Earning Policies, Redemption Policies, Rewards Value per $1 Spent and Eligibility & Transparency.