Credit One Introduces "Wander" Credit Card With Unique Rewards
Credit One Wander Credit Card

Credit One Introduces “Wander” Credit Card With Unique Rewards

For those looking to enjoy the majesty of nature for these final few weeks of summer or who plan on experiencing other entertainment options throughout the year, Credit One has just introduced a new rewards credit card option: the Wander card.

Credit One Wander Visa Card

With the Wander card, customers can earn 5 points per dollar spent on eligible recreational and amusement park purchases. This category includes national parks, theatrical productions, tourist attractions, museums, aquariums, zoos, and professional sporting events. Additionally, cardholders will earn 3x points on eligible restaurant purchases and 3x on lodging purchases, including campgrounds. All other purchases will earn 1x points. These points can then be redeemed for statement credits (at a rate of 1¢ per point, redeemed in increments of 1,000 points), gift cards, merchandise, and more. Of note, the card does carry a $95 annual fee which is not waived for the first year.

In terms of a welcome bonus, the Wander card has a unique and very specific offer. Currently, new cardholders can earn an $80 statement credit when they use their card to purchase a National Park Pass in person or online. Note that this offer excludes any processing fees that might apply to the purchase. To claim this offer, the purchase of the pass must be made within one year of the Wander card account being opened.

The arrival of the Wander card comes as Credit One has been aggressively expanding its portfolio — mainly focusing on co-branded cards. Most recently, the bank partnered with Six Flags to introduce the Credit One Bank Six Flags Rewards Visa. Incidentally, with the Wander offering 5x points at amusement parks, it’s likely that this latest offering would best the  3x points that the Six Flags Rewards Visa offers on all Six Flags purchases (although the latter card has no annual fee for those with “excellent credit” and a $39 annual fee for those with “average credit”). Other co-branded cards in Credit One’s line-up include offerings from the WWE, NASCAR, and the NHL’s Las Vegas Golden Knights.

Overall, while Credit One might not have the best reputation among credit card enthusiasts, the Wander card is a pretty intriguing product. In terms of what’s good, the 5x category is fairly broad (albeit a bit nebulous), potentially proving lucrative to those who frequent amusement parks and other live entertainment venues. Meanwhile, the 3x restaurant and lodging categories are decent but are matched by some no annual fee options. On that note, moving to the Wander card’s drawbacks, the $95 annual fee isn’t terribly high but could still be a turn-off to some. Finally, while Credit One deserves props for creativity, the limited scope of the welcome offer coupled with the low value — that doesn’t even cover the annual fee — definitely does not impress. With all of that said, depending on how applicable that 5x category turns out to be, this could be an interesting addition to the right customer’s wallet.

Leave a Reply

The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

A Guide to Building Credit and Increasing Your Credit Scores

When it comes to credit, there’s some good news. The average credit score in the United States has been steadily rising in recent years, coming in at 715 in 2023. That may be because, today, consumers not only have more ways to access their credit reports and scores than ever before but also because there are an increasing number of options that Americans have for building credit in the first...

2024 SoFi Checking and Savings Review

Ever since I started taking an interest in the FinTech sector, one company whose name I’ve seen pop up over and over again is SoFi. Lately it seems as though that theme has been sent into overdrive as the company has not only become a household name thanks to its stadium naming rights deal but also because of the company’s continued product expansions. The most interesting development in my mind...
Brim logo

Brim Financial Raises $85 Million as It Eyes Global Expansion

Toronto-based FinTech infrastructure startup Brim Financial has announced a new funding round. About the round: Brim has revealed an $85 million round. The Series C was led by EDC Investments while new investor Vistara Growth and returning investors White Owl Group, Epic Ventures, and Zions Bank also participated. To date, the company has now raised $110 million including a Series B in 2021. According to Brim, the latest funding will...
Chase Freedom Flex card

Chase Reveals Q2 2024 Freedom 5%(+) Bonus Categories

Chase has announced its bonus category picks for the second quarter of 2024 — including some interesting twists. About the categories: As April approaches, Chase has revealed what categories Freedom and Freedom Flex cardholders can earn bonuses on. From April 1st through June 30th, customers can earn 5% (or more) in three categories: Amazon.com, Hotels, and Restaurants. Similar to how Chase embraced a "New Year, New Me" theme last quarter,...

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...