Official NASCAR® Credit Card from Credit One Bank® Review

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The Official NASCAR® Credit Card from Credit One Bank® is an unsecured rewards credit card structured for those with either bad to fair credit. The Official NASCAR® Credit Card from Credit One Bank® offers a minimum credit line of $300, but this limit can be increased over time with good financial habits. For credit users who need to rebuild credit but don’t want to put down collateral for a secured credit card, this is a decent option that provides users with a solid rewards rate — up to 1% cash back on all purchases and a guaranteed 2% back on NASCAR purchases.

What we like about the Official NASCAR® Credit Card from Credit One Bank®

  • Prequalification opportunity: A credit card application involves a hard inquiry on your credit, which can temporarily lower your credit score. If you apply for a new card and don’t have great credit, a rejected application is a double whammy — no new card to use and a lower credit score. The Official NASCAR® Credit Card from Credit One Bank® offers applicants a prequalification step, so you can see the likelihood of being approved without risking your credit.
  • Unauthorized charge protection: With zero fraud liability, NASCAR card members won’t be on the hook for charges they didn’t authorize.
  • Free access to credit score: Each month, cardholders can monitor their Experian credit score and view a summary of their credit report.
  • Flat-rate rewards: Enjoy 1% cash back on all purchases. Earn double cash back at the NASCAR Shop.

Things to consider

  • No introductory APR offer: Many other cards boast a 0% intro interest offer, but this card doesn’t. If you tend to carry a balance month to month, other cards might be a better choice. The card’s high APR between 17.99% to 23.99% Variable can quickly impact your debt.
  • Lots of fees: If you’re fee-averse, this might not be the right card for you. There are fees for adding an authorized user, using your card abroad and many other actions that can make this an expensive choice.
  • Initial credit limit: Your initial credit limit may be as low as $300. If you have poor credit, you’ll pay a $0 - $99 (See Rates & Fees) annual fee, which depending on the annual fee you receive will lower your credit limit.
  • Fluctuating rewards structure: The rewards structure of the card is contingent upon your creditworthiness. If you have a lower credit score, you will have fewer benefits compared to a user with excellent credit.

Cash back details

There are two rewards structures available with the Official NASCAR® Credit Card from Credit One Bank® that are dependent on your creditworthiness. If you have excellent credit, you can receive 1% cash back on all purchases and double cash back at the NASCAR Shop. There’s no categories to pick from or rewards to reedem — points are automatically credited to your account. But if your credit isn’t great, you only receive 1% cash back on gas and card purchases. Luckily, you can still enjoy double cash back at the NASCAR Shop.

Fee details

The fees associated with the Official NASCAR® Credit Card from Credit One Bank® are partially dependent on your creditworthiness. For example, your annual fee can vary from $0 - $99 (See Rates & Fees). Other costs with this card include a $19 annual fee to add an authorized user to the account and another $19 to add a joint account owner. If you’re planning on using this card abroad, think again. Cardholders will pay a 3% foreign transaction fee per transaction for using the card in other countries.

If you send in a payment late, you can be charged up to $39 in penalty fees. Additionally, it’s important to make sure you send in your bill payments well in advance because Credit One Bank doesn’t process payments immediately and charges a $10 fee to do so.

How does it compare to other credit cards?

While the Official NASCAR® Credit Card from Credit One Bank® delivers the ability to use credit without a security deposit, there are other choices with better terms in exchange for a refundable deposit. For example, the Capital One® Secured Mastercard® boasts no annual fee, a low minimum deposit and access to a higher credit line after five initial on-time monthly payments. For a slightly higher minimum deposit, the Citi® Secured Mastercard® is another good way to recover from financial mistakes and eventually qualify for an unsecured card.

Card Ongoing Purchase APR Annual Fee Intro Bonus Credit Needed Key features
Official NASCAR® Credit Card from Credit One Bank® 17.99% to 23.99% Variable $0 - $99 (See Rates & Fees) None Bad to Fair
  • Cardholders earn double cash back at the NASCAR Shop
  • 1% cash back rewards on everyday categories
  • Extra cash back opportunities at select participating merchants
Capital One® Secured Mastercard® 26.99% (Variable) $0 None No Credit History
  • Access to a higher credit limit after five initial on-time payments
  • Minimum $49 security deposit grants access to $200 credit limit
  • Personalized payment dates available
Citi® Secured Mastercard® 22.49% (Variable) $0 None No Credit History
  • Credit limit based on deposit can be between $200-$2,500
  • Protection against identity theft
  • Zero liability for unauthorized charges

The bottom line

In the long run, a secured credit card that requires cardholders to put down their own refundable security deposit is typically cheaper than an unsecured card. But for credit users who can’t stomach the idea of collateral and want instant spending power, the Official NASCAR® Credit Card from Credit One Bank® can act as a financial stepping stone to better credit. With a high APR and some fees, this card requires you to pay off the balance in full each month if you want to make the most of its rewards.

Please Note: Information about the Capital One® Secured Mastercard® have been collected independently by The issuer did not provide the details, nor is it responsible for their accuracy.

Editorial Note: Compensation does not influence our recommendations. However, we may earn a commission on sales from the companies featured in this post. To view a list of partners, click here. Opinions expressed here are the author's alone, and have not been reviewed, approved or otherwise endorsed by our advertisers. Reasonable efforts are made to present accurate info, however all information is presented without warranty. Consult our advertiser's page for terms & conditions.

Michelle Wilson
Michelle Wilson
Contributing Writer

Michelle Wilson is a San Diego-based writer specializing in the topics of personal finance, technology and culture. You can find her writing on sites such as HP Tech Takes and San Diego Magazine. In her spare time, she enjoys finding new cats to follow on Instagram.

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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