WalletHub Rating
3.1/5
The Credit One Bank® Platinum Visa® is a decent unsecured credit card for people with fair credit that offers 1% cash back oneligible purchases and charges an annual fee of $39. Although it does not require a security deposit, the Credit One Bank Credit Card is not cheap. For example, it charges interest at an annual rate of 29.74% (V), while the market average is 23.1%.
WalletHub Rating Breakdown
User Reviews
3.3/5
8,672 reviewsRead and write reviews
Editor’s Review
2.8/5
John Kiernan, Credit Card EditorRead full review
Market Comparison
Market Comparison
3.2
The Market Comparison is a key component of the WalletHub Rating, as it measures how appealing the terms of a card are compared to a pool of over 1,500 credit card offers monitored by WalletHub. To ensure cards are evaluated for their most relevant purpose, we score each card across various cardholder needs and select the rating for the need with the highest score, which is “Improve Credit by Paying in Full Each Month” for this card.
Fees
2.8
Rewards
4.0
Cost
2.9
Other Features
4.5
3.2/5
Compared against 1,500+ credit cards
KEY TERMS
Accepted Credit Scores
Accepted Credit Scores
Fair Credit
Credit One Platinum Annual Fee
$39
Credit One Platinum APR on Purchases
29.74% (V)
Credit One Platinum Balance Transfer
Balance Transfers Not Allowed
Credit One Platinum Rewards
Earn 1% cash back rewards on eligible gas, grocery purchases and mobile phone service, internet, cable and satellite TV services, terms apply
Credit One Platinum's Additional Info
With $0 Fraud Liability, you won’t be responsible for unauthorized charges
Automatic reviews for credit line increase opportunities
Free Online Credit Score and Credit Report summary, terms apply
Choose your monthly payment due date for added convenience, terms apply
Never miss an account update with customizable text and email alerts
Manage your account on-the-go with the Credit One Bank mobile app
Show off your personality by selecting from a variety of card designs, a fee may apply
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Apply Now
at Credit One Bank's secure site
Editor's ReviewFact checked
Fact checked
John Kiernan, Managing Editor
August 22nd, 2024
Fact Checked by Alina Comoreanu
Senior Researcher
Credit One Platinum Pros & Cons
Rewards on eligible purchases
Qualify with fair credit
Membership fees
High regular APR
Foreign fee
Credit One Platinum Review
2.8 / 5
The Credit One Bank® Platinum Visa® is a decent unsecured credit card for people with fair credit that offers 1% cash back oneligible purchases and charges an annual fee of $39. Although it does not require a security deposit, the Credit One Bank Credit Card is not cheap. For example, it charges interest at an annual rate of 29.74% (V), while the market average is 23.1%.
So, what does the Credit One Platinum Visa give cardholders in return? In terms of borrowing power, cardholders start with a credit limit of $300. But as little as $261 may be available to use right off the bat, as the card’s annual fee is $39. When it comes to rewards, applicants will receive 1% cash back on eligible purchases.
Below, you can find all of the other information you’ll need to decide whether or not to apply for the Credit OnePlatinum Visa Card.
Credit One Bank Platinum Visa Review Highlights
Annual Fee: $39
The Credit One Platinum Visa’s annual fee is $39. The average credit card charges$22.22per year.
Rewards: 1% cash back on eligible purchases
This rate applies to gas and groceries, as well as your monthly mobile phone, internet, cable, and satellite TV service purchases charged to the card.
Credit Limit: $300+
The Credit One Platinum Visa Card’s minimum credit limit of $300 and potentially high fees mean the card is likely to provide very limited borrowing capabilities.
APR: 29.74% (V)
Because of the Credit One Platinum Visa Card’s high interest rate, carrying a balance from month to month with this card will be very expensive. The average APR among credit cards for people with fair credit is 26.85%.
Credit Score Needed: Faircredit
People with lower scores may get approved, but they will likely have to pay a higher annual fee.
Credit-Bureau Reporting: Monthly
This means using the card responsibly will help you improve your credit score. Always paying the bill by the due date and not maxing out your spending limit are particularly important.
You may be interested to know that this is not the only unsecured credit card people can get from Credit One Bank. There’s also the Credit One Bank® Platinum Visa® for Rebuilding Credit and the Credit One Bank® NASCAR® Credit Card. They have very similar terms, however, and none can compete with the best secured credit cards if building credit at a low cost is your top priority.
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Credit One Platinum Video Review
Compare The Credit One Platinum vs. Popular Alternatives
 Credit One Bank® Platinum Visa® |  Avant Credit Card |  Chase Freedom Unlimited® |
|---|---|---|
3.1WalletHub Rating WalletHub Rating 3.1 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Improve Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 2.8 User Reviews 3.3 Market Comparison 3.2 fees: 2.8 rewards: 4.0 cost: 2.9 Other Features: 4.5 | 2.9WalletHub Rating WalletHub Rating 2.9 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Improve Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 4.4 User Reviews 2.6 Market Comparison 2.6 fees: 2.8 rewards: 0.0 cost: 2.8 Other Features: 4.5 | 4.1WalletHub Rating WalletHub Rating 4.1 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Earn Rewards." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 5.0 User Reviews 3.6 Market Comparison 4.0 fees: 3.8 rewards: 3.4 cost: 4.7 Other Features: 0.0 |
annual fee$39 | annual fee$39 | annual fee$0 |
rewards rate | rewards rate | rewards rate |
bonus offer | bonus offer | bonus offer |
Purchase Intro APRNot Offered | Purchase Intro APRNot Offered | Purchase Intro APR0%for15 months |
transfer intro aprNot Offered | transfer intro aprNot Offered | transfer intro apr0% for 15 months|Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after) |
Regular APR29.74% (V) | Regular APR35.99% Variable | Regular APR20.49% - 29.24% (V) |
Sponsored Apply Now | Sponsored Apply Now | Sponsored Apply Now |
Credit One Platinum Review FAQ
Can't find what you are looking for? Submit your question about Credit One Bank® Platinum Visa® to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this offer. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered. In addition, WalletHub independently collected information for some of the cards on this page.
Most Popular
10
Upvotes
What is the Credit One Bank Platinum Visa credit limit?
Reply
10
1
Cameron DiGiovanni, Writer
@cdigiovanni20
The Credit One Platinum credit limit is $300 or more. Everyone who gets approved for Credit One Platinum is guaranteed a credit limit of at least $300, and particularly creditworthy applicants could get limits a lot higher than that. Plus, the higher an applicant's credit score and income are, the higher the starting credit limit is likely to be.
Keep in mind that you can ask to get a credit limit increase by calling the Credit One Bank customer service number you see on the back of your card, but it's best not to do that more than once a year. Credit One Bank will also evaluate your account periodically to determine whether you are eligible for a credit limit increase. Paying on time and keeping your credit utilization low are key for getting unsolicited credit line increases with Credit One Bank.
9
2
46
Upvotes
What is the Credit One Platinum Card credit score requirement?
Reply
46
28
Lisa Cahill, Credit Cards Moderator
@lisacahill
The Credit One Bank® Platinum Visa® credit score requirement is 640 or better. That means people with fair credit or better have a shot at getting approved for the Credit One Platinum Card.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Credit One Platinum Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit...
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6
10
Upvotes
What is the maximum credit line for a Credit One credit card?
Reply
10
1
Chip Lupo, Credit Card Writer
@CLoop
The maximum credit line for a Credit One credit card is not publicly disclosed by the issuer, though there are reports of cardholders receiving credit lines as high as $5,000 on some cards. If approved for a Credit One card, applicants can expect a minimum initial credit line of $300 to $500.
Credit One Credit Card Limits
Card | Minimum Credit Limit | Reported Maximum Credit Limit |
...
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10
Upvotes
Is Credit One Bank legitimate?
Reply
10
3
WalletHub
@WalletHub
Credit One Bank is a legitimate bank that is FDIC-insured, has a B+ rating from the Better Business Bureau, and is considered to be a major credit card company by the market research firm J.D. Power. Credit One Bank has been issuing credit cards for people with limited credit and bad credit since 1984.
Some people question whether Credit One is real because it has no physical branch locations, operating online only. Another major reason people...
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6
View more answers
3
Upvotes
What are the best Credit One Platinum benefits?
Reply
3
Cameron DiGiovanni, Writer
@cdigiovanni20
The best Credit One Platinum benefits are EMV chip technology and zero liability fraud protection. These perks are certainly good to have, though it's important to note that they're also relatively common credit card benefits.
Credit One Platinum Benefits
- EMV chip technology
- Zero liability fraud protection
- Paperless statements
- Rewards of 0 - 1% cash back on purchases
While these benefits aren't bad, the Credit One Platinum simply doesn't have as many benefits as a lot of the...
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3
11
Upvotes
How can I get a Credit One Bank credit card PIN?
Reply
11
1
Chip Lupo, Credit Card Writer
@CLoop
To get a Credit One credit card PIN, call the number on the back of your Credit One card and ask customer service for a PIN. You can also get a Credit One credit card PIN by logging in to your credit card account and requesting a PIN through the Credit One website. A credit card PIN is a four-digit code that you will need to get a cash advance at an ATM in the...
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69
Upvotes
How much is the Credit One Platinum annual fee?
Reply
69
38
WalletHub
@WalletHub
The Credit One Platinum annual fee is $39. Credit One Platinum's $39 annual fee is higher than market average the average annual fee among new credit card offers right now. It's not the only fee you need to worry about with the Credit One Bank® Platinum Visa®, either.
Credit One Platinum Fees
- Annual Fee: $39
- Cash Advance Fee: $5/8%, whichever is greater (see terms)
- Foreign Fee: 3% or $1, whichever is greater
- Max Late Fee: $39
To learn more, refer to WalletHub's guide...
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1
View more answers
12
Upvotes
How can I check my Credit One Visa Platinum application status?
Reply
12
6
Bogdan Roberts, Credit Cards Moderator
@bogdan_roberts
You can check your Credit One Platinum application statusonline. You will just need your last name and Social Security number. Otherwise, you can call the designated Application Information line at(800) 752-5493.
How to Check Your Credit One Platinum Application Status by Phone
- Call(800) 752-5493.
- Select your language.
- Press “1” for application status.
- When prompted, enter your 9-digit Social Security Number to verify your identity.
- Listen for the Credit One Platinum application status update. ...
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5
9
Upvotes
What kind of free credit score does Credit One offer?
Reply
9
1
William Drake, WalletHub Analyst
@will_drake
Credit One offers your Experian credit score, updated on a monthly basis. They also have credit monitoring, to let you know once something important happens on your credit report. This makes it easier to track fraudulent transactions.
Although free credit score is offered as an additional benefit for some of Credit One's credit cards, this is something easily accessible on several websites. In fact, you can also get your credit score for free on WalletHub...
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5
Upvotes
What is a Credit One Platinum Visa?
Reply
Chip Lupo, Credit Card Writer
@CLoop
A Credit One Platinum Visa is a credit card issued by Credit One Bank. Credit One offers a selection of Platinum Visa credit cards for different credit scores, and while the rewards and fees may differ, they're all unsecured cards so no deposit is needed.
Perhaps the most popular Credit One Platinum Visa is the Credit One Bank® Platinum Visa® card. It is a decent unsecured credit card for people with fair credit that offers 1% cash back on eligible...
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Credit One Platinum Reviews
Share your insights and review for the Credit One Bank® Platinum Visa®
5
21%
4
27%
3
29%
2
15%
1
9%
3.3
8,672 reviews
8,672 reviews
What's Your Rating?
Most Recent
Alana L
@alana_lipkin
1 Star Rating
Mediocre benefits. Not suitable for folks with excellent credit. The dispute process is ridiculous—I was asked for a police report when I was overcharged $12.84 for a burger. It doesn't seem like they hire the best or the brightest.
Comment
2
Jerry Cochran jr
@jerrycochrancdt
5 Star Rating
It's been everything I've needed. I just wish I could get the maximum limit a little higher. But all in all, it's been a very good card.
Comment
ecp0717
@ecp0717
1 Star Rating
Wow! I was informed that they were shipping my card on 2/22/24. I have not received the card yet, but today I received my first bill. Why pay for something I don't have?
Comment
3
thanh_ttran1004
@thanh_ttran1004
1 Star Rating
I called to cancel my credit card five months ago, and the service representative was okay and canceled my credit right then. However, my credit card is still active and takes my monthly payment. They clearly recorded me asking to cancel the card, but they pretended to misunderstand and sent me a new card and continued to collect the monthly fee. I never received the card and have not used it. This credit card company seems to be more interested in taking the customer's money than listening to what the customer has to say. I've had to pay fees for five months for a card I don't use anymore. It's absurd.
Comment
6
hintzbryan
@hintzbryan
1 Star Rating
Worst credit card I've ever had in my life! Approved for 1000, used the card for work, paid the card off the first month I had it. Then they placed my card on hold. Then had to contact my bank, mean while I'm out of state working and can't use the card. Had the bank send my bank statement so they could verify this was my account and that it was me that made the payment. Mind you this process takes 7 to 10 buisness days. Also when I paid the bill, it was paid early and I went through the online bill pay at there website which already verified my account when I paid it. So needless to say, I canceled that card and will never use them again! I've never had a credit card company need to verify my bank account or place my card on hold
Comment
3
Jessica
@bubees891011
4 Star Rating
Everything has gone good so far have only had the card for one month though but so far so good payment process was easy although the online app doesn't work the greatest
Comment
1
Charles
@calboy70
4 Star Rating
This is a great card for starting out to rebuild credit. It does take a very long time before they increase credit limits, but have instead issued other cards with higher credit limits and rewards
Comment
1
Amina
@aminaholmesq
5 Star Rating
Great benefits and they do offer incentives I just wish the spending limit was higher I have a credit score in the mid 700’s and I think it should be more
Comment
Stephanie
@sfjag98
5 Star Rating
Good for building credit. It helped me get my score up. And I was able to buy a car. Just having the card with one more for six months.
Comment
rdrgzpacio
@rdrgzpacio
1 Star Rating
An option to pay $4.95 for express payment, but they post it 2 days later so your closing balance is higher on the statement closing, which looks bad to the credit bureau. I paid the balance in full a day before, but the posted my payment two days later. Now it looks like I have a high balance on my report.
Comment
1
Review Credit One Bank® Platinum Visa®
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* The information about the following cards has been independently collected by WalletHub: Chase Freedom Flex® Credit Card, Credit One Bank® NASCAR® Credit Card, Credit One Bank American Express® Card, Credit One Bank® Platinum X5 Visa®, and Credit One Bank Platinum Rewards Visa with No Annual Fee.
