Credit One Bank

Commercial bank · Las Vegas, United States

Credit One Bank, National Association is a nationally chartered bank headquartered in Las Vegas, Nevada, wholly owned by Sherman Financial Group through Credit One Financial. It was founded in 1984 as First National Bank of Marin in California, received a credit card bank designation in 1996, moved to Las Vegas in 1998 and was renamed Credit One Bank after Sherman Financial Group's 2005 acquisition. The bank reports more than 40 million cardmembers and offers cash-back and points credit cards mainly to near-prime and subprime consumers, plus high-yield certificates of deposit and savings accounts. It publishes no small business or commercial banking product of any kind.

Legal name: Credit One Bank, National Association
Regulated by: OCC (US, primary supervisor), FDIC (deposit insurer)
Licence confirmed: yes, on a regulator's own list
Established: 1984
Website: www.creditonebank.com

Scores, 0 to 10

4.0Best interest on business balances

High-yield jumbo CDs and savings accounts are offered, but they are personal deposit products with no stated business treasury option. · source

4.0Financial strength & stability

2.4 billion dollars in FDIC assets as of 30 June 2026 and no bank failure, but a 2022 bankruptcy court found the bank liable to about 288,000 customers for collecting discharged debts. · source

3.5Customer satisfaction

Trustpilot score of 3.5 out of 5 from 1,547 reviews, but 54% of ratings are one-star. · source

3.0Lowest fees

Cardmember reviews frequently cite high annual fees and interest rates as a top complaint on Trustpilot, and the bank publishes no free business account. · source

3.0High-risk verticals (iGaming, cannabis, adult, forex)

No published policy on gambling, cannabis, adult or forex business clients appears on Credit One's corporate site, and it offers no business account regardless. · source

2.5Crypto-friendly bank

No published policy on cryptocurrency businesses, and the bank offers no business account of any kind for such a policy to apply to. · source

2.0United States

2.4 billion dollars in FDIC assets but only consumer credit cards and consumer deposit accounts; no business or commercial banking product is published. · source

2.0On-ramp: buy crypto with fiat

Credit One has no checking account, debit card or ACH path to exchanges, per an April 2026 guide, and its credit cards, where accepted by an exchange, are expected to be coded as cash advances; no business account exists, so a company cannot fund an exchange from it. · source

1.5Business cards (Visa, Mastercard)

Credit One issues only consumer credit cards; its corporate site names no business or commercial card product. · source

1.5Off-ramp: crypto to fiat in a business account

Credit One offers companies no deposit account to receive exchange proceeds, and its consumer savings and CDs are not described as a destination for exchange withdrawals; this is a product limit rather than a stated crypto ban. · source

1.0Cross-border payments, FX and multi-currency accounts

The bank publishes no foreign-currency account, international wire or FX product; its products are limited to consumer credit cards, CDs and savings. No treasury management, cash pooling or multi-currency product exists; the bank's own about-us page names only cards, CDs and savings accounts. · source

1.0Fast digital onboarding

Credit One Bank has no business account product to onboard into; its about-us page lists only consumer credit cards and consumer deposit accounts. · source

1.0Fintech companies that need a partner bank

No sponsor-bank, safeguarding account or payment-firm program is described on Credit One's corporate site. · source

1.0Online businesses: e-commerce and SaaS

No merchant acquiring, collection account or marketplace payout product is published; the bank issues consumer cards only. No API, accounting integration or business banking product for software companies is described anywhere on Credit One's site. · source

1.0Startups & VC-backed companies

No business account of any kind is offered to startups; the bank's products are consumer credit cards, CDs and savings. · source

1.0Trade, manufacturing & import-export

No letters of credit, guarantees or trade-finance product is described anywhere on Credit One's corporate site. · source

1.0Foreign-owned & non-resident companies

No business account of any kind is published for foreign-owned or non-resident companies. · source

1.0Crypto wallet and custody for a business

Credit One Bank sells consumer credit cards, jumbo high-yield savings and CDs, with no crypto holding for any client and no business product, per its corporate page and an April 2026 guide. · source

1.0Accept crypto payments

Credit One does no merchant acquiring and offers no crypto or stablecoin acceptance, checked September 2026. · source

1.0Bitcoin

No bitcoin buying, holding, transfer or bitcoin funds at Credit One, checked September 2026. · source

1.0Ethereum

No ether product at Credit One, checked September 2026. · source

1.0Stablecoins (USDC, USDT and others)

No stablecoin accounts, payouts or settlement role at Credit One, checked on its corporate page and in press September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.