Reviews

Credit One Bank® Platinum Visa credit card full review

The Credit One Bank® Platinum Visa card is a cash back rewards card that helps rebuild your credit score. Read our review and get started on your road to financial recovery!

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by Aline Barbosa

Published on 04/04/2022

Credit One Bank® Platinum Visa credit card: Earn cash back on eligible purchases!

Credit One logo
Credit One Bank® Platinum Visa credit card full review. Source: Stealth Capitalist.

Finding a sound credit card when you have a bad credit score can be a daunting experience. Luckily, there are still a couple of solid choices out there for people looking to improve their financial health. In this Credit One Bank® Platinum Visa card review, we’ll talk about one of those products. 

The Credit One alternative for rebuilding credit is one of the few credit cards on the market with a cash back program. With it, you can repair damaged credit history and still get bonus points on eligible daily spending. Keep reading to learn more about this card and how it can help you get your finances in check. 

Credit ScoreBad – Fair
Annual Fee$75 for the first year. After that, $99 annually
Regular APR23.99% variable
Welcome bonusN/A
Rewards1% cash back in eligible purchases
Credit One Bank® Platinum Visa cards

How to apply for Credit One Bank® Platinum Visa?

See how to apply for a Credit One Bank® Platinum Visa Credit Card and start earning rewards today!

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How does the Credit One Bank® Platinum Visa work?

Issued by Credit One Bank, the Credit One Bank® Platinum Visa is a helpful tool for those with low credit scores to get back on track with their finances. This card has a few impressive perks, like a cash back program and an automatic review for credit line increase opportunities every other month.

The card charges an annual fee of $75 during its first year and $99 every year after that. It has a 23.99% variable APR for purchases and a credit increase fee when it’s available to you. This is an unsecured credit card, so you don’t have to make a security deposit to get it.

By prioritizing this card in your daily expenses, you can get 1% in return for eligible gas, groceries, mobile services, internet services, and cable purchases. All earned rates are automatically added to your account in statement credits.

Visa provides an optional Credit Protection Program that prevents your credit score from dropping in case you lose your job by covering your card’s minimum payments. You can also get primary travel perks such as accident insurance and roadside assistance. 

Credit One Bank® Platinum Visa credit card pros and cons:

cash back
What are this card’s pros and cons? Source: Adobe Stock.

Before making a decision that could impact your credit score even further, you should know all the pros and cons a product may offer. See what they are below in our Credit One Bank® Platinum Visa card review. 

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Pros

  • 1% cash back in eligible purchases;
  • No security deposit required;
  • Credit One rewards program;
  • Automatic checks for credit line increase;
  • $0 fraud liability

Cons

  • Annual fee;
  • Limited cash back redemption;
  • A lot of different fees;
  • Risky credit protection program.

Does my credit score need to be good?

You need to have a credit score between bad and fair to be eligible for this credit card. Credit One performs a quick pre-qualification analysis of your financial profile before presenting an application form. If you meet the bank’s requirements, you should be able to get this card at ease. 

Want to apply for the Credit One Bank® Platinum Visa credit card?

Now that you know that it’s possible to get a cash back card while improving your credit score how about applying for a Credit One Bank® Platinum Visa card? The pre-qualification process is quick, and you can get a response in under 60 seconds!

Follow the link below to get all the details on how to apply and start rebuilding your credit rate today!

Credit One Bank® Platinum Visa cards

How to apply for Credit One Bank® Platinum Visa?

See how to apply for a Credit One Bank® Platinum Visa Credit Card and start earning rewards today!

About the author

Aline Barbosa

Aline Barbosa is an editor, writer and learning-enthusiast. Passionate about music, books and human behavior. Curious about the unknown. Believer that learning is a life-long process.

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