Our Verdict
Even the most avid racing fans should steer clear of the Credit One Bank® NASCAR® American Express® Credit Card. Those with good or better credit can find an option that is much better than what this card offers. And someone with just okay credit should choose a card without the overinflated annual fee that can come with this product.
Pros
- No annual fee for those who qualify
- Discounts on select NASCAR race experiences
Cons
- Rewards rate easily bested by other cards
- Higher APR
Current NASCAR Credit Card Offer
- Earn unlimited 1% cash back rewards on all purchases, terms apply
- Free access to Scanner on PC or within NASCAR mobile app for the 2022 race season. For details, click on Rates & Fees below
- Receive discounts on select NASCAR race tickets, parking, merchant, and other race experiences.
- Opportunity to win tickets to races with VIP treatment
- Get deals on shopping, dining, travel, and entertainment through Amex Offers
- Enjoy exclusive access to pre-sale tickets for some of the hottest nationwide concerts and events
- Know you’re covered when the unexpected happens while traveling with Travel Accident Insurance, terms apply
- If you are a Covered Borrower under the Military Lending Act, you may get a different offer
Alternatives to the NASCAR Credit Card
Table of Contents
Introducing the NASCAR Credit Card
The Credit One Bank® NASCAR® American Express® Credit Card offers 1% cash back rewards on all purchases, terms apply. Unlike many cash-back cards, there’s nothing to do on your end to cash in those rewards; they’ll automatically be applied as a statement credit to your account each month. Spoiler alert—the card falls flat. Earning 1% is a rate that can easily be surpassed by the best cash-back cards.
The annual fee structure isn’t a winner either. Those who qualify will have an annual fee of $0-$39.
Earning 1% rewards isn’t going to yield much cash back compared with the rate offered on other cash-back cards. There are multiple cards that offer better rewards than what you’ll find on the NASCAR Amex. Pivot toward a cash-back card that offers rewards in the areas where you spend the most and leave the NASCAR one in the dust.
Quick Facts
- $0-$39 annual fee
- No welcome bonus
- Starting minimum credit limit of $300
- Access to targeted Amex Offers available to cardholders using an enrolled Amex credit card
What Is the NASCAR Credit Card Best For?
If you are a NASCAR fan to the extent that you want everything in your life to have the NASCAR logo, then perhaps consider this card. For everyone else, this card is not going to be a good choice. With lackluster earnings and additional benefits, this card has very little to offer.
NASCAR Credit Card Rewards
Earning Rewards
Those who are approved for the Credit One Bank® NASCAR® American Express® Credit Card will earn 1% cash back rewards on all purchases, terms apply.
Redeeming Rewards
Rewards redemption is automatic each month as a statement credit.
Rewards Potential
Forbes Advisor uses data from various government agencies to determine baseline income and spending averages across various categories. The 70th percentile of wage-earning households brings in $118,438 annually and has $39,337 in expenses that can be reasonably charged to credit cards.
Credit One Bank® NASCAR® American Express® Credit Card Rewards Potential
| Category | Earning Rate | Estimated Annual Spend | Estimated Annual Earnings |
|---|---|---|---|
|
All purchases
|
1X
|
$39,337
|
$393
|
|
Total: $393.37
|
Other NASCAR Credit Card Benefits
- ID theft protection. Free membership in Experian’s Identity Works ID theft protection with enrollment.
Fine Print
Interest Rates
- Regular APR: 29.74% Variable
- Purchase intro APR: N/A
- Balance transfer intro APR: N/A
Fees
- Annual fee: $0-$39
- Balance transfer fee: See Terms
- Foreign purchase transaction fee: 3% or $1.00, whichever is greater
How the NASCAR Credit Card Stacks Up
Credit One Bank® NASCAR® American Express® Credit Card vs. Capital One QuicksilverOne Cash Rewards Credit Card
The Capital One QuicksilverOne Cash Rewards Credit Card is a dependable option for someone with fair credit. The card earns 1.5% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel (terms apply). Rewards never expire and can be redeemed for cash, a statement credit or gift cards. There is a $39 annual fee (rates & fees) for the Capital One QuicksilverOne Cash Rewards Credit Card. But if you spend more than $7,800 annually, you’ll come out ahead with the QuicksilverOne card over even the no annual fee version of the Credit One Bank® NASCAR® American Express® Credit Card.
Credit One Bank® NASCAR® American Express® Credit Card vs. Citi Double Cash® Card
If you have great credit, accelerate the Citi Double Cash® Card to the top of your cash-back card list. You earn 2% cash back on all purchases—1% when purchases are made and another 1% when they’re paid off. There are no annual fees on this card.
In all spending scenarios, the Citi Double Cash® Card would earn more than the Credit One Bank® NASCAR® American Express® Credit Card. The Citi Double Cash® Card also offers greater flexibility in redeeming rewards.
Cash back is earned in the form of ThankYou Points that you can opt to redeem as cash back via a check, statement credit, credit to a linked account or book travel. If you hold another ThankYou Points-earning card you can combine your rewards to book travel or transfer your earnings to one of Citi’s travel loyalty partners for potentially greater value.
Credit One Bank® NASCAR® American Express® Credit Card vs. Discover it® Secured Credit Card
If you are rebuilding your credit, you might want to consider a secured card. With secured cards, the credit card provider holds a deposit that’s typically equal to your credit line. The Discover it® Secured Credit Card can be a great tool to build a stronger credit profile and earn rewards in the process. Plus, unlike the Credit One Bank® NASCAR® American Express® Credit Card, there’s a $0 annual fee.
The card earns 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases. Discover also offers a welcome bonus: Unlimited Cashback Match™ - Discover will automatically match all the cash back earned at the end of the first year. Starting at seven months, Discover will review your account to determine if you can graduate to an unsecured card and refund your deposit.
While the initial out-of-pocket cost for a secured card is higher, the Discover it® Secured Credit Card will likely score you more rewards overall. Your rewards potential is only limited by the credit line you secure (max $2,500) and how much you regularly spend on your card.
Is the NASCAR Credit Card for You?
Whether you’re a credit newbie or have a more established credit profile, there are plenty of options on the market that will earn better rewards and offer more than the NASCAR credit card.
See our guide to the best cards for bad credit if you need a place to start.
Find the Best Credit Cards for 2024
No single credit card is the best option for every family, every purchase or every budget. We've picked the best credit cards in a way designed to be the most helpful to the widest variety of readers.
Methodology
Forbes Advisor considers a variety of criteria when assigning credit cards a rating. Cards are graded based on numerous factors including:
- Annual fees
- Welcome bonus offers
- Ongoing earning rates
- Value of individual points of miles
- Included travel or merchant credits
- Additional cardholder benefits
Card features we expect cardholders to use the most often are weighted more heavily in our ratings. Altogether, the factors come together to provide a star rating for each individual card.
Read more: How Forbes Advisor Rates Credit Cards
