Credit One Bank is the 647th largest bank in the nation. It was established in 1984 and as of March of 2025, it had grown to 1,207 employees. Credit One Bank's savings rates are 8X the national average, and it has an A health rating.
Very Quick And Easy Opening An Account
After waiting days to hear back for another bank about approving my CD application, I opened and funded an account with Credit One in just a few minutes. So far, so good. Will report back if things should change...
Confusing Logo
I don't know how they get away with using their logo. It looks just like Capital One. In fact, I thought that's who they were when I clicked on a Facebook ad for one of their credit cards. Only upon closer observation did I notice the name difference. I can't believe Capital One hasn't sued them over it.
Almost Got Taken
I almost got taken for a ride by Creditone bank. I was new to credit cards when I came upon Creditone. They have a near miss logo almost like Capitalone’s and another near miss with their name which is most likely set to confuse them with the big name bank. I learned in my internet safety class that such practice is usually a scam.
Their credit card lineup is what’s called fee harvesting cards with low spending limits, high interest rates, and impossible terms. My discerning eye prevailed and saved my bacon when it caught the scammy name and the copycat logo.
Great Experience
Had nothing but great experience. Customer service was awesome. Bought a one year CD and it was temporary. When I called to cancel it to change to 5 years, they were efficient and pleasant to make this change. Money hasn’t gotten back to my account yet but was told it would be a couple of days. Highly recommend.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 25620 |
| Year Established | 1984 |
| Employees | 1207 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 33.27% |
| Return on Equity - YTD | 104.36% |
| Annual Interest Income | $100.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $1.81B$1.62B |
| Loans | Q1 2025vs Q1 2024 | $1.14B$912.5MM |
| Deposits | Q1 2025vs Q1 2024 | $917.8MM$711.4MM |
| Equity Capital | Q1 2025vs Q1 2024 | $593.9MM$566.6MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $179.3MM$161MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $51.3MM$43MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |