With the Discover it® Secured Credit Card, you earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. However, like the Indigo® Mastercard® *, this card doesn’t earn rewards. The Milestone Mastercard® – $700 Credit Limit is another unsecured option for rebuilding credit. Milestone Mastercard® – $700 Credit Limit Credit One Bank® Platinum X5 Visa® Visa vs. Of the two, only the Credit One Bank® Platinum X5 Visa® offers rewards. Depending on your credit, Indigo offers annual fees of $0-$99. Similar to the Credit One Bank® Platinum X5 Visa®, there are no one-time or monthly fees applied.
The Indigo® Mastercard® * also offers an unsecured option for those rebuilding their credit. But you’ll likely still be able to maximize the 5% categories.Ĭredit One Bank® Platinum X5 Visa® vs. If your initial credit limit is below $500, however, it won’t be possible to charge 100% of the estimated purchases above. At a 1% rate, the remaining $7,000 of spending would earn an additional $70 for a total annual earnings of $320. Based on the average household’s annual spending on gas, groceries and cell/internet services, you should be able to max out your $5,000 spending cap for the 5% bonus rewards which would earn you $250. For the sake of example, let’s say that you receive a credit limit of $1,000 per month which would give you an annual spending cap of $12,000. Credit One promises to re-evaluate your credit line on a regular basis. Through responsible usage, your credit limit may rise over the course of the year. But note that carrying a card balance and accruing interest charges will quickly outweigh the value of any cash back earned. While that rewards total isn’t eye-popping, it’s more than enough to offset the annual fee of the card. If you maintain a $500 limit throughout the year and max out the 5% earning rate on qualifying purchases while paying off your balance each month, your max rewards would be $250. You should also note that annual fees will be applied to your first bill and will reduce your available credit by that amount.įor instance, if your annual fee is $95 and your credit limit is $500, your available credit for your first month will be $405. The minimum possible credit limit available is $500. Your unique credit score will determine your credit limit. Your credit line is likely to be the greatest limiting factor in your rewards potential. While the rewards are referred to as cash back, you cannot request a check or direct deposit. Rewards are automatically applied as a statement credit for all qualifying purchases. It is worth noting that, if your account is in default (as defined by the Card Agreement), you will not earn rewards for credits posted during that period. These merchants are not disclosed until you become a cardholder, so additional rewards may not be significant for your circumstances.ĭepending on your creditworthiness, you could qualify for additional rewards or cards not reviewed here. Purchases from participating merchants could earn up to 10% back. Note that purchases made at warehouse clubs like Sam’s and Costco and discount supercenters like Walmart and Target do not qualify as grocery purchases.Ĭredit One Bank® Platinum X5 Visa® also provides access to the More Cash Back Rewards program.
ZE CREDIT ONE CARD TV
This card gives you the chance to earn cash back on eligible category purchases, including gas, groceries, as well as mobile phone, internet, cable and satellite TV services.Įarn 5% cash-back rewards on the first $5,000 of eligible gas, grocery, internet, cable, satellite TV, and mobile phone service purchases each year, then 1% thereafter.
Very few cards for fair credit provide reward incentives. The highlight of the Credit One Bank® Platinum X5 Visa® is the rewards feature. With only a soft inquiry that doesn’t impact your credit and a short form to fill out, you can learn the specific details of the cash rewards available to you. Unsure where your credit stands? If you were turned down in the past or you are unsure if you’d qualify with an average score, Credit One Bank allows you to go through a pre-qualification process. Credit One Bank only charges an annual fee of $95.
Unlike some cards for lower credit scores, there are no one-time processing fees or monthly use fees. Credit One offers to reward you for responsible use through regular potential credit limit increases. The Credit One Bank® Platinum X5 Visa® is an unsecured card for consumers with fair to good credit that are looking to continue shoring up their credit.
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