Credit One Platinum Visa Card Review and Details

The Credit One Platinum Visa Card is a solid option for those looking for a straightforward credit card with a decent rewards program.

With a variable APR of 23.99%, this card may not be the best choice for those who carry a balance from month to month.

The card has no annual fee, making it a great option for those who want to avoid extra charges.

You'll earn 1% cash back on all your purchases, which is a decent rewards rate.

The Credit One Platinum Visa card is a practical choice for people just starting their credit-building journey or who need to repair past credit.

The annual fee is $39, which may seem steep, but you can earn $17 in cash back rewards per year, making it a relatively affordable option.

You can earn 1% cash back on eligible gas and grocery purchases, as well as mobile phone, internet, cable, and satellite TV services.

The initial credit limit is starting at $300, which is a decent starting point for building credit.

You can potentially increase your credit limit in the future if you demonstrate good credit performance.

The APR is 28.99% variable, which is relatively high, but you won't face a late-penalty increase in APR.

Here are the key details of the Credit One Platinum Visa card at a glance:

The Credit One Platinum Visa Card has both its advantages and disadvantages. You can earn rewards on eligible purchases, which is a great perk.

The card also offers a More Cash Back Rewards Program that can earn you up to 10 percent back at some retailers. This is a fantastic opportunity to save money on your daily purchases.

However, the card has a high regular APR, which can be a significant drawback. You'll also have to pay various fees, making it costly to maintain.

One thing to keep in mind is that your starting credit limit could be as low as $300, making it difficult to keep credit utilization low. This can be a challenge for those who want to use the card responsibly.

Here are some key pros and cons of the Credit One Platinum Visa Card:

The Credit One Platinum Visa card offers a range of benefits and features that make it a great option for those looking to build credit or earn rewards on their purchases.

You can earn 1% cash back on all eligible purchases, including gas, groceries, mobile phone service, internet, cable, and satellite TV services.

The card also offers a cash back rewards program with 10% more cash back rewards from participating top retailers.

Customized account notifications are available, allowing you to set up alerts for specific transactions, such as when your account falls below a certain amount of money.

The card has zero liability and fraud protection, giving you peace of mind when making purchases online or in-person.

You can also access your account information online or through the mobile banking app, making it easy to stay on top of your finances.

Here are some of the key benefits and features of the Credit One Platinum Visa card:

The card also offers flexible credit limits, allowing you to adjust your credit limit based on your business's performance and history with Credit One Bank.

The Credit One Platinum Visa card offers a decent rewards program, earning 1% cash back on eligible purchases, including gas, groceries, mobile phone service, internet, cable, and satellite TV services. There's no annual limit on what you can earn, making it a great option for frequent shoppers.

You can earn even more cash back rewards by shopping at participating top retailers, which offer 10% more rewards. This is a great perk if you remember to shop at these retailers regularly.

Here are some key details about the rewards program:

The rewards program of the Credit One Bank Platinum Visa is pretty straightforward. You can earn 1% cash back on eligible purchases, which include gas, groceries, mobile phone service, internet, cable, and satellite TV services.

One of the best things about this card is that there's no annual limit on what you can earn, so you can rack up those cash back rewards without worrying about hitting a cap.

The card also offers 10% more cash back rewards from participating top retailers, which can be a nice bonus if you shop at these places regularly.

Here are some of the categories where you can earn 1% cash back:

It's worth noting that cash back rewards are automatically deducted from your bill as a statement credit, so you don't have to worry about tracking points or redeeming rewards.

You can see your Experian credit report each month for free with the Credit One Bank Platinum Visa with Cash Back Rewards. This means you can check what's going on with your credit, see if there are any errors, and correct them quickly for a credit score boost.

With this feature, you can watch your credit improve as you make responsible payments each month. This is a good way to let accountability keep your spending and repayments in line.

You can monitor your credit score through Credit One's website, and receive credit line increases based on your overall credit performance. A minimum credit line of $300 is guaranteed, and regular reviews can help you qualify for better cards.

This means you can get approved for credit cards with higher spend limits and even more perks, all while improving your credit score and financial record.

The Credit One Platinum Visa card has a range of fees and charges that you should be aware of. The annual fee for the first year is $0-$75, depending on your creditworthiness and other factors.

Late payment fees can be up to $39, which is a significant amount. Consider this another reason to avoid late payments and make timely payments.

The card also charges an 8% ($5 minimum) fee for cash advances and a 3% ($1 minimum) foreign transaction fee, which is relatively standard in the industry. However, some credit cards charge no foreign transaction fee at all.

The annual fee for subsequent years is anywhere from $0-$99, which can be taken out of your account in monthly installments, making it easier to manage.

The Credit One Bank Platinum Visa card comes with a range of fees and penalties that you should be aware of before applying. The annual fee is a major drawback, ranging from $0 to $99 depending on your creditworthiness and other factors.

You'll also pay a foreign transaction fee of $1 or 3% on international purchases. While this isn't the highest fee in the industry, you can find better options with no foreign transaction fees.

The late payment fee can be up to $39, so it's essential to pay your bill on time to avoid this penalty. This fee is another reason to make timely payments and avoid overspending.

The card's complex annual fee structure can be confusing, with the first year's fee ranging from $0 to $75, and subsequent years' fees ranging from $0 to $99. You may be charged monthly, which can be a relief for those with limited credit lines.

Cash advances come with an 8% fee, with a minimum charge of $5. This is another expense to consider when using your card.

The credit line increase process is a bit of a mystery, but we can break it down for you.

Your initial credit limit for cards like the Credit One Bank Platinum Visa with Cash Back Rewards can be as low as $300 or as high as $500, depending on your creditworthiness.

You have control over your credit line increase by paying off your bills responsibly, which is a third of the criteria for a potential increase.

Your credit line increase will depend on your repayment history, monthly salary, and credit score.

A $49 credit line increase fee may or may not apply, and it's up to Credit One to decide whether or not to charge it.

If you're worried about qualifying for the Credit One Platinum Visa card due to a low score or limited credit history, it's worth considering. This card is specifically targeted toward those with poorer credit, making it a good place to start.

You can check for a prequalified offer on the Credit One website with no effect on your credit score. This way, you can get a better idea of approval before submitting an application.

To determine your eligibility, Credit One considers credit history and business revenue for the business version of the card. You'll need a fair to good credit score and steady business income.

If you're unsure about your approval odds, you can use Credit One's tool to estimate your chances. It's a soft credit pull, which won't impact your credit score.

Here's what you need to do: