If you have bad credit and are looking for an unsecured credit card to help you rebuild your credit limit, consider purchasing the Credit One Bank Platinum Visa for Rebuilding Credit or Milestone Unsecured Mastercard. MoneyGeek outlines the difference between these two cards, including their features and costs, to ensure you choose the best option for your situation.
Credit One Bank Platinum Visa for Rebuilding Credit vs. Milestone Unsecured Mastercard: Which Is Best for You?
Both the Credit One Bank Platinum Visa for Rebuilding Credit and Milestone Unsecured Mastercard allow you to build your credit history over time. It’s easy to see if you prequalify for either of these cards, and although they charge annual fees, you can easily grow your credit limit with the cards.
Comparing the costs and features of Credit One Bank Platinum Visa for Rebuilding Credit vs. Milestone Unsecured Mastercard can help you choose the ideal option for you. For instance, the Platinum Visa for Rebuilding Credit has a higher annual fee but offers cash back on some purchases. The Milestone Unsecured Mastercard does not have any rewards or travel benefits but has a lower foreign transaction fee of 1%.
Comparison Overview: Credit One Bank Platinum Visa for Rebuilding Credit vs. Milestone Unsecured Mastercard
- Credit One Bank Platinum Visa for Rebuilding CreditMilestone Unsecured Mastercard
- Has Annual Fee
- Has Balance Transfer Offer
- Has APR Offer
- Cash Back Rewards
- Travel RewardsNone-Poor
Credit One Bank Platinum Visa for Rebuilding Credit At a Glance
The Credit One Bank Platinum Visa for Rebuilding Credit card provides an easy way for individuals with bad credit to earn cash back rewards. The card provides $0 fraud liability protection for stolen and lost cards and charges a lower annual fee — between $39 and $75 — plus a fixed APR to military members.
- Credit One Bank Platinum Visa for Rebuilding Credit
Best credit card for prequalifying with bad credit
- Limited-PoorCredit Needed
- $0–$99*Annual Fee
- NoneRewards Rate
- 1xRewards Rate on Groceries
- 1xRewards Rate on Gas
Milestone Unsecured Mastercard At a Glance
The Milestone Unsecured Mastercard is an excellent option to rebuild your credit history since it reports to three credit bureaus. Cardholders pay an annual fee between $35 and $99 and a 1% foreign transaction fee. The card also does not provide any travel rewards, which might be unsuitable for frequent travelers.
- Milestone Unsecured Mastercard
A good unsecured credit card for people with poor or no credit history
- None-PoorCredit Needed
- $35 – $99Annual Fee
- 3# of Reporting Bureaus
MoneyGeek compiles key information in the table below to help you understand the differences between Credit One Bank Platinum Visa for Rebuilding Credit and Milestone Unsecured Mastercard features.
- Card DetailComparison Summary
Both the Credit One Bank Platinum Visa for Rebuilding Credit and Milestone Unsecured Mastercard charge an annual fee.
Credit One Bank Platinum Visa cardholders pay $75 in the first year and $99 in subsequent years, billed at $8.25 per month. As your credit score improves, you may start paying a more manageable annual fee based on your cardholder agreement.
Milestone Unsecured Mastercard cardholders, on the other hand, pay between $35 and $99 as the annual fee.
Winner: Milestone Unsecured Mastercard
Credit Line Increase
The focus of cardholders with bad credit is to rebuild their credit history over time.
Credit One Bank Platinum Visa for Rebuilding Credit gives you free online access to your credit score using Experian. Credit One Bank also reviews your account for credit improvements if you keep making your payments on time. This feature is not explicit with the Milestone Unsecured Mastercard.
Winner: Credit One Bank Platinum Visa for Rebuilding Credit
With the Credit One Bank Platinum Visa for Rebuilding Credit card, you will get 1% cashback on some purchases, including internet service, groceries and gas. You can redeem this in the form of a statement credit.
The Milestone Unsecured Mastercard does not offer cashback rewards. Typically, most credit cards designed for individuals with poor credit feature no rewards.
Winner: Credit One Bank Platinum Visa for Rebuilding Credit
Foreign Transaction Fees
Both Credit One Bank Platinum Visa for Rebuilding Credit and Milestone Unsecured Mastercard charge foreign transaction fees.
Cardholders with Credit One Bank Platinum Visa for Rebuilding Credit pay a fee of $1 or 3% on international transactions, whichever is greater. Milestone Unsecured Mastercard has a 1% fee on all transactions.
Winner: Milestone Unsecured Mastercard
Which Card Should You Get?
Credit card users seeking the best option for bad credit should still consider their needs before choosing the Credit One Bank Platinum Visa for Rebuilding Credit or Milestone Unsecured Mastercard.
Who Should Consider the Credit One Bank Platinum Visa for Rebuilding Credit?
You may consider getting a Credit One Bank Platinum Visa for Rebuilding Credit if you wish to earn rewards on purchases despite having poor credit. Although the card charges both annual and foreign transaction fees, it also gives you 1% cash back on eligible purchases, a rarity in most other credit cards meant for poor credit.
Credit-builders seeking to improve their score over time. Credit One Bank reviews cardholders’ credit scores and increases card limits as they improve.
Travelers who wish to earn rewards on eligible purchases. These rewards are redeemable in the form of a statement credit.
≫ More: Read Our Full Review
Who Should Consider the Milestone Unsecured Mastercard?
The Milestone Unsecured Mastercard is suitable for individuals who want a card that doesn’t require a security deposit. Cardholders pay both annual and foreign transaction fees, as well as a cash advance fee of 5%.
Individuals who want to avoid credit inquiry procedures can take advantage of this card's quick prequalification process.
Cardholders who don’t travel frequently or wish to rebuild their credit history without increasing their credit limits.
The better option of these two cards is definitely the Credit One Bank Platinum Visa for Rebuilding Credit as you’re able to earn cash back on select purchases, as well as build your credit score with a reputable financial institution. However, it’s best to use this card with the goal of eventually graduating to a regular consumer credit card.
Other Helpful Decision-Making FAQs
MoneyGeek responds to the commonly asked questions about the Credit One Bank Platinum Visa for Rebuilding Credit and Milestone Unsecured Mastercard to help you explore your options.
Still Not Sure About These Cards? Consider These Options
When rebuilding your credit, both Credit One Bank Platinum Visa for Rebuilding Credit and Milestone Unsecured Mastercard are great options. Nevertheless, feel free to consider our other recent picks of the best credit cards for bad credit.
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Learn more about credit cards in general
- Credit One Bank. "Credit One Bank Platinum Visa." Accessed January 6, 2022.
- Credit One Bank. "Disclosures and Terms & Conditions for Credit One Bank’s Credit Cards." Accessed January 6, 2022.
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