Consider Pros And Cons Of Credit One Bank American Express Card

Travel and shopping advantages are available with the Credit One Bank American Express Card, including vehicle rental loss and damage insurance, travel accident insurance, extended warranty protection, retail protection, and return protection. However, there are other drawbacks to this credit card that we must overlook. So, we'll go through all of the benefits and drawbacks of the Credit One Bank American Express card and give it a thorough review. Don't miss out on this topic if it's something you're interested in learning more about.

What Is American Express?

American Express is a global financial services firm that a huge number of individuals in the United States trust. With an American Express credit card, you can simply modify everything from travel checks to charge card services, travel, rental car insurance, flights, hotels, and apparel. The company values corporate responsibility and engages in philanthropy, community service, and heritage preservation and conservation. You may save money on every transaction with American Express, no matter where you are. You can save on American Express gift cards for both business and personal use, in addition to the perks and privileges that come with holding an American Express credit card.

What Is Credit One Bank?

Credit One Bank is a bank and financial services company based in Las Vegas, Nevada that specializes in credit cards. It is a wholly-owned subsidiary of Credit One Financial, a Nevada corporation. Credit One Financial is a Subchapter-S corporation that shares common beneficial ownership with Sherman Financial Group, LLC. Over the course of nearly 40 years, it has distributed over $105 million in cash-back rewards to its 10 million+ cardmembers.

Types Of Credit One Bank Credit Cards

Credit One Bank releases many different credit cards for customers in the bad to good credit range and also offers cash-back rewards for every spending. 

Type of credit card	Best for
Credit One Bank Platinum Visa for Rebuilding Credit	Bad Credit
Credit One Bank American Express Card	Fair Credit
Credit One Bank Platinum Rewards Visa	Rewards
Credit One Bank Platinum Rewards Visa with No Annual Fee	No Annual Fee
Credit One Bank Visa Cash Back Rewards	Cash-Back
Credit One Bank NASCAR Credit Card OR Vegas Golden Knights Credit Card	Sports Fans

Features And Benefits Of Credit One Bank Credit Card

• Log in to your online banking account for all of your accounts.
• Experian provides you with a free credit score every month, and you may customize account notifications to stay on top of payment due dates and account activity notices.
• Increased credit lines were automatically applied based on your account activity.
• To manage your account, pay invoices, and check your balance, download the Credit One Bank mobile app (iOS and Android).
• Apple Pay, Samsung Pay, and Google Pay allow you to make secure payments on your mobile device with zero fraud liability and EMV chip technology.
• Online statements eliminate the need for printed statements.

Credit One Bank American Express Card: Features And Benefits

For those with fair credit who want to earn points, the Credit One Amex card is a good option. You earn 1% cashback on all transactions, regardless of where or what you buy, and the cashback is applied as a statement credit each month. If your credit score is better, you can get a cash-back card for 1.5% - 2% back on all your purchases. Therefore, if you want to reduce your monthly balance easily, Credit One AMEX is a good choice for you.

Travel Perks

• Insurance for car rental damage and loss
• Accident insurance for international travel
• Amex Entertainment Access Travel offers up to 10% off Delta Air Lines flights as well as 25% off car rentals and discounted hotel rates.

Shopping protections

• Retail protection: protects your purchases up to $1,000 ($50,000 per calendar year) if they are damaged or stolen within 90 days of purchase.
• Extended warranty: You'll get an extended warranty that matches the purchase's warranty of 12 months or less, up to the item's cost or $10,000, whichever is less.
• Return protection: This uncommon benefit, which refunds the cost of purchase for which the merchant will not accept returns (up to $300 per item, $1,000 per year), is ideal for online shopping.

AMEX Offers

• Get 10% back on Grubhub.com
• Get up to $75 on Seamless.com
• Get $10 back for $10 spent on Hulu

Entertainment Benefits 

• Get early access to purchase tickets for theater, concert, sports, and more
• When you use your Card, you can get presale tickets to exceptional events and experiences before the general public.

Credit One Bank American Express Card: Rate And Fees

Credit needed	Fair, Good
Annual fee	$39
Foreign transaction	$1 or $3 of each foreign transaction
Cash advance fee	$5 or $8 of each advance
Late or returned payments	Up to $39
Standard APR	23.99% variable

Credit One Bank American Express Card: Pros And Cons

Pros

Cons

Fees are lower compared with other Credit One cards. For people with good credit, American Express offers a variety of privileges, including shopping and vacation discounts. On all purchases, you'll get 1% cashback indefinitely.

Difficult to make up the card’s annual fee of $39 via cash-back rewards. You must charge at least $325 per month to break even. High variable APR If you don't pay off your credit each month, interest fees can soon add up. Only automated statement credits are eligible for the low cashback rate. Many of its prices and features are outclassed by several credit cards for fair/average credit and unsecured cards.

You might be also interested in:

>> Which Requirements Are Needed To Join American Express Black Card?

>> How To Check American Express Business And Personal Gift Card Balance

>> American Express| Benefits, Fees, And Requirements Of AMEX Gold Card

Final Words

Overall, Credit One Bank American Express is worth considering if you want to build your credit or strengthen your score. It has both pros and cons as mentioned above and you can consider these benefits and downsides to decide to buy one or not. You had better compare this credit card with some other types to choose the right one for yourself. If you want to find a place that collected all available coupons and discounts from online stores, FindCouponHere is one of the best coupon websites for you. Just with a click, you can get a deal and directly shop online.