Credit One Bank Wander Card Review

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Credit One Bank® Wander™ Card Credit One Bank® Wander™ Card

Editor’s Score: (N/A)

Learn more externa link icon At our partner’s secure site

Credit One Bank® Wander™ Card

Editor’s Score: (N/A)

  • Intro bonus:

    N/A

  • Annual fee:

    $95

  • Regular APR:

    23.99% Variable

  • Recommended credit score:

    580-740 (Fair to Good)

Rewards rate:

Earn 5x points on eligible Recreational & Amusement Park purchases. Earn 3x on eligible restaurant & lodging purchases. Earn 1x points on all other purchases.

NextAdvisor’s Take

Pros

  • Available to users with fair credit
  • Get pre-qualified online
  • Statement credit for National Parks Pass (worth $80)

Cons

  • $95 annual fee
  • High ongoing APR
  • Top rewards category not as broad as some other cards

The Bottom Line

The Credit One Bank Wander Card offers some unique rewards categories for cardholders looking to build and improve credit while earning points on travel. But its $95 annual fee and high APR can make it a more costly option than other cards for building credit.

Additional Card Details

  • Get a $80 statement credit when you buy a National Parks Pass within the first year
  • Free access to your Experian credit score
  • Customizable account notifications
  • Automatic account reviews for credit line increase opportunities
  • Redeem points for statement credits, gift cards, merchandise, and more

Credit One Bank Wander Card Full Review

Card Type

The Credit One Bank Wander Card is a rewards credit card geared to individuals who love to explore the outdoors. It’s also an accessible card option for people with fair or good credit, so you can use it to improve your credit score with good credit habits as you earn rewards on your spending.

Annual Fee

You’ll pay a $95 annual fee to carry the Credit One Bank Wander Card.

Welcome Offer

The Credit One Bank Wander Card doesn’t offer a traditional sign-up bonus, but you can qualify for a $80 statement credit if you use your card to purchase a National Parks Pass within the first year.

Rewards

This card offers rewards in a few different bonus categories:

  • 5x points on eligible recreational and amusement park purchases. Eligible merchants include national parks, amusement parks, sports promoters (professional live events), theatrical producers, tourist attractions, aquariums, and zoos.
  • 3x points on eligible restaurant & lodging purchases. This includes restaurants, cafes, bars, nightclubs, lounges, fast food chains, hotels, motels, inns, bed and breakfasts, resorts, campgrounds, and motorhome/RV rentals.
  • 1x points on all other purchases.

While bonus rewards on dining and hotels are fairly common among travel and rewards credit cards, this card’s 5x rewards on recreational & amusement park purchases is unique. It also applies to activities you might spend money on even while not traveling, like national parks or sporting events.

Fees

This card’s $95 annual fee will get billed to your account once you open the card, and affect your initial credit limit. If you’re assigned a credit limit of $800, for example, your initial credit line will be $705, since the fee will automatically reduce your initial available credit.

If you carry a balance, you’ll pay a variable APR of 23.99%. This card is also not a good choice for international travel, since you’ll pay a 3% (minimum $1) foreign transaction fee on overseas purchases. And if you use it to get cash at an ATM, you’ll pay a 5% (minimum $10) cash advance fee.

Other fees to watch out for include a late payment fee and a return payment fee, both of which can be up to $39.

Other Benefits

The Credit One Bank Wander Card doesn’t offer an abundance of perks, but that’s pretty common among cards for fair credit users. The standout benefit is the $80 statement credit when you buy a National Parks Pass within the first year, as well as standard perks like free access to your Experian credit score and customizable account notifications. 

Credit One Bank also promises automatic account reviews to check if you qualify for credit line increase opportunities over time.

Benefits of Credit One Bank Wander Card

The Credit One Bank Wander Card can be a good option if you want to earn rewards points on your purchases while building your credit over time through responsible use — especially if you don’t already have the excellent credit required to qualify for other rewards credit cards. You can also see if you prequalify online before applying, without a hard inquiry on your credit report. 

Pro Tip

If you’re unsure whether you’ll get approved for the Credit One Bank Wander Card, you can see if you pre-qualify online without a hard inquiry on your credit report.

We like the fact that the bonus categories on this card are unique, though they won’t appeal to everyone. If you spend a lot at amusement parks or on sports tickets every year, it’s easy to see how your rewards could rack up fast with 5x points. And 3x at restaurants and on lodging can add up, too, if that’s a substantial part of your budget. Just make sure the bonus categories this card offers align with your frequent spending or upcoming travel plans before you apply. 

Drawbacks of Credit One Bank Wander Card

The main downside of the Credit One Bank Wander Card is its high fees. You’ll have to pay $95 per year just to have this card, and you’ll pay a high variable APR of 23.99% if you carry a balance. Before you apply, evaluate your spending to make sure you’ll earn enough in rewards to outpace the annual fee cost.

If you’re looking primarily to build credit, a credit-building option like the Petal 2 Visa® Credit Card or Capital One QuicksilverOne Cash Rewards Credit Card can offer more general rewards with much lower fees. If you already have excellent credit and you’re interested in this card for its rewards, you’ll get many more travel benefits for a similar price with another rewards card like the Capital One Venture Rewards Credit Card or Chase Sapphire Preferred® Card.

The perks of this card are also more targeted than some other travel rewards cards with broad “travel” bonus categories. Make sure your spending fits within the 5x rewards category for the best chance at maximizing rewards. If you never visit national parks and don’t plan to, for example, the $80 credit toward a National Parks Pass won’t be of much use. 

How to Use the Credit One Bank Wander Card

Since the Credit One Bank Wander Card charges a very high APR, the most important thing you can do is only charge purchases you can afford to pay off each month. Not only can this help you avoid high-interest debt, but by paying your balances in full and on time each month, you’ll establish a solid payment history. This helps show lenders you can use credit responsibly, so you can qualify for financial products with better terms in the future.

And to maximize your value, make sure you use your card for any purchases that fall within bonus categories. Score the $80 statement credit by purchasing a National Parks Pass your first year, then make sure to use your Wander Card for any tourist attractions when you travel, or tickets to sporting events, theater productions, and other attractions you attend year-round.

When you’re ready to redeem your points, you can choose between statement credits, gift cards, merchandise at a rate of one cent per point, in increments of 1,000 (equal to $10).

Credit One Bank Wander Card Compared to Other Cards

Credit One Bank® Wander™ Card

Credit One Bank® Wander™ Card

Editor’s Score: (N/A)

  • Intro bonus:

    N/A

  • Annual fee:

    $95

  • Regular APR:

    23.99% Variable

  • Recommended credit:

    580-740 (Fair to Good)

  • Learn more externa link icon At our partner’s secure site
Capital One QuicksilverOne Cash Rewards Credit Card

Capital One QuicksilverOne Cash Rewards Credit Card

Editor’s Score: (3.0/5)

  • Intro bonus:

    N/A

  • Annual fee:

    $39

  • Regular APR:

    26.99% (Variable)

  • Recommended credit:

    (No Credit History)

  • Learn more externa link icon At our partner’s secure site
Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

Editor’s Score: (4.5/5)

  • Intro bonus:
  • Annual fee:

    $95

  • Regular APR:

    15.99% – 22.99% Variable

  • Recommended credit:

    670-850 (Good to Excellent)

  • Apply Now externa link icon At Chase’s secure site

Is the Credit One Bank Wander Card Right for You?

Editorial Independence

As with all of our credit card reviews, our analysis is not influenced by any partnerships or advertising relationships.

The Credit One Bank Wander Card offers unique rewards for travelers who like to explore the great outdoors or families who spend a decent portion of their budget on attractions like aquariums and sporting events. Because it’s available to applicants with fair credit, it can also be a great tool for building your credit score while earning rewards.

But its annual fee in exchange for relatively few benefits is a major drawback, and there’s probably a better option for your spending.

If you already have at least a “good” credit score (about 670 or higher), you could probably qualify for a better rewards card with lower fees. There are more valuable travel rewards credit card options with better benefits for similar or lower annual fees. Even if you don’t have good credit, consider other credit cards for poor or fair credit that don’t charge an annual fee and have rewards programs that can bring even more value to your everyday spending.

Frequently Asked Questions (FAQ)

What is the credit limit for the Credit One Bank Wander Card?

According to the card’s terms and conditions, the minimum credit line for the Credit One Bank Wander Card is $500.

Does the Credit One Bank Wander Card have an annual fee?

The Credit One Bank Wander Card charges a $95 annual fee.

Who issues the Credit One Bank Wander Card?

The Credit One Bank Wander Card is issued by Credit One Bank.

What credit score do you need for the Credit One Bank Wander Card?

This card is geared to consumers with fair credit. You can also pre-qualify online without a hard inquiry on your credit report. This option makes it easy to gauge your approval odds before you actually submit your application.

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