Is Credit One Bank® Platinum Visa® better than Credit One Bank® Platinum Visa® for Rebuilding Credit?

The two Credit One Bank cards have similar perks and features. Their biggest differences are their annual fees and required credit. If you have fair to excellent credit, Credit One Bank® Platinum Visa® is better for you, as it offers a lower annual fee of $39. On the other hand, if you have limited to bad credit, Credit One Bank® Platinum Visa® for Rebuilding Credit is ideal.

Can you get Credit One Bank® Platinum Visa® if you have Credit One Bank® Platinum Visa® for Rebuilding Credit?

Credit One Bank® Platinum Visa® for Rebuilding Credit is marketed to people with poor credit. As such, they may find it difficult to get a Credit One Bank® Platinum Visa® until they improve their credit rating.

Can you transfer points from Credit One Bank® Platinum Visa® to Credit One Bank® Platinum Visa® for Rebuilding Credit?

Cash back rewards from Credit One Bank® Platinum Visa® and Credit One Bank® Platinum Visa® for Rebuilding Credit turn into statement credits. They can’t be redeemed through other methods or transferred to another card.

Can you switch from Credit One Bank® Platinum Visa® to Credit One Bank® Platinum Visa® for Rebuilding Credit?

Yes, you can switch from Credit One Bank® Platinum Visa® to Credit One Bank® Platinum Visa® for Rebuilding Credit, since the latter admits a lower credit rating. However, Credit One Bank® Platinum Visa® for Rebuilding Credit comes with a higher annual fee, so it’s not advisable.

Credit One Bank® Platinum Visa® vs. Credit One Bank® Platinum Visa® for Rebuilding Credit: Which Is Best for You?

Q: What’s harder to get, Credit One Bank® Platinum Visa® or Credit One Bank® Platinum Visa® for Rebuilding Credit?

Although both cards have a quick prequalification process, Credit One Bank® Platinum Visa® requires fair credit to qualify. As such, it’s more difficult to obtain than the Credit One Bank® Platinum Visa® for Rebuilding Credit.

Q: How much do you have to spend for Credit One Bank® Platinum Visa® vs. Credit One Bank® Platinum Visa® for Rebuilding Credit to get the welcome bonus?

Neither Credit One Bank® Platinum Visa® nor Credit One Bank® Platinum Visa® for Rebuilding Credit offer a welcome bonus at the moment.

If you want to earn rewards while improving your credit score, Credit One Bank® Platinum Visa® or Credit One Bank® Platinum Visa® for Rebuilding Credit could be right for you. MoneyGeek evaluates the two cash back cards to help you decide which is a better fit for your needs.

Advertising & Editorial DisclosureLast Updated: 3/27/2023

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The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

Comparing the Credit One Bank® Platinum Visa® and Credit One Bank® Platinum Visa® for Rebuilding Credit is easy since they’re so similar. Both offer 1% cash back rewards for eligible gas, groceries and telecommunication service purchases. They also provide free access to Experian, which allows users to review their credit scores.

However, there are significant differences in annual fees and eligibility between these Credit One Bank cards. For example, the Platinum Visa has a lower annual fee at $39, but only the Platinum Visa for Rebuilding Credit is available to folks with bad credit. Below, we discuss these and other details to help you determine which works best for you.

OUR COMPARISON AT A GLANCE

Comparison Overview
Credit One Bank® Platinum Visa® at a Glance
Credit One Bank® Platinum Visa® for Rebuilding Credit at a Glance
Comparison Summary
Which Card Should You Get?

Comparison Overview: Credit One Bank® Platinum Visa® vs. Credit One Bank® Platinum Visa® for Rebuilding Credit

Credit One Bank® Platinum Visa®
Credit One Bank® Platinum Visa® for Rebuilding Credit
Has Annual Fee
Has Balance Transfer Offer
Has APR Offer
Cash Back Rewards
Travel Rewards
Hotel Benefits
Airline Benefits
Has Rewarding Welcome Offer
Has Foreign Transaction Fee
Recommended Credit
Fair–Excellent
Limited–Poor

Credit One Bank® Platinum Visa® At a Glance

With a $39 annual fee, the Credit One Bank® Platinum Visa® provides 1% cash back for eligible purchases on gas, groceries and mobile phone, internet, cable and satellite TV services. Additionally, it offers up to 10% extra cash back from participating retailers. Responsible cardholders are also subject to regular reviews for credit limit increases.

Credit One Bank® Platinum Visa®
Best cash back card for those with fair credit
- Fair–ExcellentRecommended Credit
- $39Annual Fee
- 1% Cash BackRewards Rate
- 1xRewards Rate on Gas
- 1xRewards Rate on Groceries
Pros
Less restrictive credit requirements
Cash back rewards

Cons
Only one redemption option available
High APR on purchases
Foreign transaction fees
Charges an annual fee.
You earn 1% cash back on eligible gas, grocery, mobile phone, internet, cable and satellite TV service purchases.
Disclaimer: Credit card offers are constantly changing. We work hard to stay updated with the latest information, but the offers listed on our site may no longer be available.
Terms, rates and fees apply
Compare this credit card with other top-rated credit cards.

Credit One Bank® Platinum Visa® for Rebuilding Credit At a Glance

Credit One Bank® Platinum Visa® for Rebuilding Credit gives people with limited to poor credit access to a credit card for an annual fee of $75 for the first year. After that, the annual fee is billed monthly at $8.25 per month (for a total of $99 per year).

However, unlike most credit cards for poor credit, the Platinum Visa for Rebuilding Credit doesn’t require a security deposit. It comes with 1% cash back for eligible gas and grocery purchases as well as monthly cell phone, internet, cable and satellite TV services. Responsible users can also enjoy a credit line increase to help them build their credit over time.

Credit One Bank® Platinum Visa® for Rebuilding Credit
Best credit card for prequalifying with bad credit
- Limited–PoorRecommended Credit
- $99Annual Fee
- NoneRewards Rate
- 1xRewards Rate on Groceries
- 1xRewards Rate on Gas
Pros
Wide-ranging cash back rewards on gas, groceries, etc.
Potential credit line increases as your credit score rises
Annual fee of $99, $75 for the first year
Easy to see if you prequalify
Free online access to Experian credit score
Zero fraud liability protection for lost or stolen cards

Cons
Annual fee can be high, as can the interest rate
Includes foreign transaction and late fees
3% or $1 foreign transaction fee
Late fee of up to $39
1% cash back on eligible gas, grocery and service purchases/subscriptions for satellite TV, mobile phone, cable and internet
Disclaimer: Credit card offers are constantly changing. We work hard to stay updated with the latest information, but the offers listed on our site may no longer be available.
Terms, rates and fees apply
Compare this credit card with other top-rated credit cards from our partners.

Comparison Summary

MoneyGeek analyzed the difference between the Credit One Bank® Platinum Visa® and Credit One Bank® Platinum Visa® for Rebuilding Credit to help you determine their overall value for your needs.

Card Detail
Comparison Summary
Annual Fee
The annual fee for the Credit One Bank® Platinum Visa® is $39. The Credit One Bank® Platinum Visa® for Rebuilding Credit is $75 for the first year and $99 for succeeding years, billed at $8.25 per month.
Winner: Credit One Bank® Platinum Visa®
Required Credit
Since Credit One Bank issues these cards, they both offer a free and secure prequalification through the bank’s website. However, the Platinum Visa is limited to those with fair to excellent credit, while folks with poor credit would be eligible for the Platinum Visa for Rebuilding Credit.
Despite being marketed for people with bad credit, the Platinum Visa for Rebuilding Credit doesn’t require a safety deposit.
Winner: Credit One Bank® Platinum Visa® for Rebuilding Credit
Rewards
Both cards offer 1% cash back rewards for eligible everyday purchases on gas, groceries and phone/TV/internet services. Moreover, both cards offer an extra 10% cash back reward on purchases from participating merchants.
The cash back rewards for both cards are redeemable only in statement credit.
Winner: Tie

Which Card Should You Get?

Since there aren’t many differences between the Credit One Bank® Platinum Visa® and Credit One Bank® Platinum Visa® for Rebuilding Credit, your credit rating will likely be the biggest determining factor in deciding which is the better card for you.

Who Should Consider the Credit One Bank® Platinum Visa®?

Credit One Bank® Platinum Visa® is excellent for people with fair credit looking to improve their credit score and earn cash back rewards in the process.

Individuals who want to use their card on everyday purchases and keep tabs on their credit score.
Responsible use of this card can lead to a higher credit limit and an improved credit score further down the line.
≫ More: Read Our Full Review

Who Should Consider the Credit One Bank® Platinum Visa® for Rebuilding Credit?

For those with limited to bad credit, Credit One Bank® Platinum Visa® for Rebuilding Credit gives you access to a credit line that comes with a modest cash back reward system, which is rare for this type of credit card.

Individuals looking to improve their credit will benefit from this card’s regular reviews for credit limit increases. Using this to acquire a lower credit utilization ratio can boost your credit rating over time.
Unlike other cards for people with bad credit, you won’t have to pay a security deposit to use this card.
≫ More: Read Our Full Review

EXPERT OPINION

The Credit One Bank® Platinum Visa® is the better of these two cards as it has a lower annual fee. But if you have a poor credit score, the Capital One Bank Platinum Visa for Rebuilding Credit is still a solid card to help rebuild your credit to a good place. And both cards have identical rewards, so you can still save at the same rate, regardless of which card you pick.

Other Helpful Decision-Making FAQs

MoneyGeek answered some frequently asked questions to help you understand the difference between Credit One Bank® Platinum Visa® and Credit One Bank® Platinum Visa® for Rebuilding Credit. Use our insights here as you shop around for the perfect credit card.

Still Not Sure About These Cards? Consider These Options

The Credit One Bank® Platinum Visa® and Credit One Bank® Platinum Visa® for Rebuilding Credit are ideal for people looking to improve their credit and earn cash back rewards in the process. If you’re interested in exploring other options for those with less-than-perfect credit ratings, consider a secured credit card.

View All Credit Cards

Learn more about credit cards in general

sources

Credit One Bank. "Credit One Bank® Platinum Visa®." Accessed January 7, 2022.
Credit One Bank. "Credit One Bank® Platinum Visa® for Rebuilding Credit." Accessed January 7, 2022.

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
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