- No limit to the amount of rewards you can earn
- Multiple redemption options
- Good earning rates
- Points don't expire as long as the account remains open and in good standing
- No transfer partners
- Only two credit cards
- Must redeem in 1,000-point increments for cash back
Credit One Bank Wander Rewards Review Summary
Credit One Bank Wander Rewards is the 26th best credit card rewards program, according to WalletHub's latest comparison, receiving 60 points out of a possible 100. The Credit One Bank Wander Rewards Program features two cards that offer rewards points, the Credit One Bank Wander Card and the Credit One Bank Wander Card with No Annual Fee.
Credit One Bank Wander Rewards points are generally worth 1 cent apiece. There are plenty of redemption options, from statement credits to travel to gift cards.
Credit One Bank Wander Rewards Review Scorecard
#17 for Earning Policies
#17 for Redemption Policies
#27 for rewards Value per $1 Spent
#14 for Eligibility & Transparency
Best Credit One Bank Wander Rewards Credit Cards
Summary: Credit One Bank Wander Rewards Scores by Review Category
|Rewards Value per Point||12/30|
|Eligibility & Transparency||15/20|
How to Earn Credit One Bank Wander Rewards
Category Rating: 80% (24/30)
You will earn at least 1 point per $1 spent with a Credit One Bank Wander Rewards credit card. There’s no limit on the total amount of rewards you can earn, and rewards don’t expire as long as your account stays open and in good standing.
Earning Restrictions: Credit One Bank Wander Rewards has no notable earning restrictions, aside from the small number of cards available.
How to Redeem Credit One Bank Wander Rewards
Category Rating: 45% (9/20)
The best way to redeem Credit One Bank Wander Rewards is for travel because that option offers the greatest value for your points. Below, you can see more information about all the redemption options.
You can book travel through your online account using Credit One Bank’s booking tool.
You can only get cash back in the form of a statement credit.
You can use your points to get gift cards from various popular retailers.
Credit One Bank allows you to use your points to purchase various items online.
Redemption Restrictions: If you redeem for cash back, you must do so in increments of 1,000 points.
Credit One Bank Wander Rewards Value
Category Rating: 40% (12/30)
Credit One Bank points are worth 1 cent apiece. Cardholders earn anywhere from 1 to 5 points per $1 spent, depending on the card and purchase category.
USAA Points Rewards Redemption Value
|Redemption Options||Value of 1 point|
|Statement Credit||1 cent|
|Various gift cards||Varies|
Credit One Bank Wander Rewards Eligibility & Transparency
Category Rating: 75% (15/20)
Credit One Bank Wander Rewards Cards
Popular Credit One Bank Wander Rewards Credit Cards
|Credit One Bank Credit Card||Annual Fee||Initial Bonus||Rewards Rate|
|Credit One Bank Wander Card||$95||10,000 points||1 - 10 points / $1|
|Credit One Bank Wander Card with No Annual Fee||$0||N/A||1 - 3 points / $1|
For more information, check out the best Credit One Bank credit cards on WalletHub.
5 Tips for Getting the Most Out of Credit One Bank Wander Rewards
- Pick the right card & use it wisely
Credit One Bank Wander Rewards cards offer different amounts of points and have different fees. 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 rewards sitting in your account unused, they won’t do you much good.
- Pay your bill on time every month
Your points 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 rewards left unredeemed when you close your account.
Credit One Bank Wander Rewards vs. Chase Ultimate Rewards vs. Citi ThankYou Rewards
|Category||Credit One Bank Wander Rewards Program||Chase Ultimate Rewards||Citi ThankYou Rewards|
|Average Point/Mile Value||1 cent||1.07 cents||0.85 cents|
|Redemption Options Rank||17||2||1|
|Notable Rewards Card||Credit One Bank Wander Card||Chase Freedom Unlimited®||Citi® Double Cash Card – 18 month BT offer|
Credit One Bank Wander Rewards Program Review Methodology
This review of Credit One Bank Wander Rewards Program 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 each 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.
WalletHub calculated Credit One Bank Wander Rewards point values by comparing the dollar value of redemption items against the number of points/miles needed for each.