Have you got credit problems in the past or have little credit history? If so, you may wish to consider the Credit One Bank® Cash Back Rewards for people with bad credit. This card will help you rebuild your credit while you enjoy special perks without having to pay any enrollment fee, which is uncommon for many credit cards for bad credit.

The Credit One Bank® Cash Back Rewards is a Visa (V) card that offers its cardholders Platinum Visa benefits reserved for Visa users. Below I do a detailed review of this credit card for bad credit so that you can make a more informed decision.

Things We Like About Credit One Bank® Cash Back Rewards

No enrollment fee. Unlike many credit cards for bad credit, this card has no enrollment fee when you sign up for the card. This is great news for you since if you're not approved for the card, you won't have wasted your money on any fee when applying for this credit card, as is the case with many other cards in the market.

Enjoy a minimum credit line of $300. When approved for this card, you will get a line of credit of at least $300. This is a similar credit line as many other cards for people with bad credit.

1% cash back rewards on gas. You get unlimited 1% cash back gas rewards for gas purchases you make with this card. You receive these rewards as statement credit which can be used to reduce your balance.

Pre-qualifying for this card won't have a negative impact on your credit score. You can see if you would be pre-approved for this card without it affecting your credit.

Choose your own credit card design from a wide variety of options. When applying for this card, you can personalize it by choosing a card design that suits your personality and interests.

No fraud liability. If your card gets lost or stolen, and fraudulent transactions are made through it, you won't be liable to pay a single dollar.

Choose your payment due date. This perk will help you reduce your late payments and ensure that you pay your credit card bill on time, as you can choose the most convenient day for you to make your credit card payments. You can change your payment due date once every 6 months.

Platinum Visa benefits. With this card, you will enjoy travel accident insurance when you're on the road as well as auto rental collision insurance and many more perks.

Introductory cash advance fee waiver. This card comes with an introductory period on cash advance charges. If your credit line is less than $400 you won't get a cash advance transaction fee in the first year. Just note that when the first year intro period is over, you will pay either 8% of the amount of each cash advance or $5 (whichever is greater), which is quite high.

No over-the-limit fee. If you go over your spending limit, you won't have to pay any fee. Most cards charge a $35 over-the-limit fee. Keep in mind that if you want to avoid paying high interest rates, you should make sure to pay your bills on time every month, because even if you don't have to pay an over-the-limit fee, overspending and not paying your bills on time could cost you even more in the long run.

Our Least Favorite Things About Credit One Bank® Cash Back Rewards

$0-$99 annual fee. You'll have an annual fee of $0 - $99 depending on your credit score. That means you may pay no annual fee for this card in the best case, but if you have a bad credit score you may end up paying a high annual fee. Still if you don't have good enough credit to get another credit card and don't have spare cash to put down a deposit on a secured credit card, you won't likely find a credit card with a very low annual fee, unless you opt for a secured credit card.

You may not get a grace period. Here again, it all comes down to your creditworthiness. You may or may not qualify for a grace period, which is a common problem on many cards for bad credit, including some secured credit cards. If you don't qualify for a grace period, credit One will begin charging interest on purchases and cash advances on the posting date. That means you will beging paying interest from the time you make a purchase, so you will have a tough time getting away without paying at least something towards the 15.65% - 24.15% variable APR. If you qualify for a grace period, then that won't be a problem. But make sure to check into this when getting a pre-approval.

The Credit One Bank® Cash Back Rewards is for people with bad credit who want to improve their credit score and have a line of credit. Although this card has a $0-$99 annual fee, you won't have to pay any enrollment fee, as is the case with some other credit cards for bad credit. If you qualify for a grace period (and a low annual fee), this card could be quite cost-effective. Since it isn't a secured credit card, you won't have to tie your money up in a deposit in order to use it. On the other hand, if you only qualify for the highest annual fee and don't get a grace period, you will end up paying a lot just to have a credit card.

This is a card for people who want to rebuild their credit and enjoy Visa Platinum perks, as well as $0 fraud liability. If you are someone who is just looking for a card to make regular purchases while rebuilding your credit score, this might be the card for you.