Credit One Bank® Platinum Visa®
vs. Credit One Bank American Express® Card

Updated: June 12, 2024

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Both the Credit One Bank® Platinum Visa® and the Credit One Bank American Express® Card offer cash back rewards and cater to individuals with fair to good credit, making them strong contenders for your wallet. However, the Credit One Amex edges ahead with its unlimited 1% cash back on all purchases, providing straightforward value.

The Credit One Platinum provides cash back on everyday purchases like gas and groceries.

While neither card has an introductory offer, their similar annual fees and credit requirements make them both accessible options.

Credit Card logo for Credit One Bank® Platinum Visa®
Credit One Bank® Platinum Visa®
Credit Card logo for Credit One Bank American Express® Card
Credit One Bank American Express® Card
MoneyGeek Rating
1.7/ of 5
MoneyGeek Rating
1.7/ of 5

  • Regular APR
    29.74% variable
    29.74% variable
    0% APR Offer
    -
    -
    Intro Offer
    No current offer
    No current offer
    Rewards Summary
    Earn 1% cash back
    Earn 1% cash back
    Balance Transfer Offer
    -
    -
    Balance Transfer Fee
    -
    -
    Annual Fee
    $39
    $39
    Recommended Credit
    580-740 (Fair to Good)
    580-740 (Fair to Good)
    Penalty APR
    -
    -
    Not sure?

Which Card Is Better for You?

You might prefer the Credit One Platinum if your spending is concentrated in specific areas. This card offers 1% cash back on purchases from eligible gas, grocery and certain service providers. If these are your primary spending categories, you could maximize your rewards with this card. Additionally, it provides free credit score access and flexible payment due date options.

You might prefer the Credit One Amex if you value a straightforward rewards program. With this card, you earn unlimited 1% cash back on all purchases without category restrictions. It's also packed with additional American Express benefits, such as retail protection and access to Amex Offers, enhancing your shopping and travel experiences.

Head-to-Head Comparison: Card Details and Features

Evaluating APRs, fees, credit requirements, rewards and other features will help you determine which card aligns with your financial needs. Use this section to compare the Credit One Platinum and Credit One Amex, considering how each card's specifics apply to your spending habits and credit goals.

    discount icon

    Regular APR: Tie

    Both the Credit One Platinum and the Credit One Amex offer a regular APR of 29.74% variable. This makes them equally positioned in terms of interest rates for purchases.

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    Annual Fee: Tie

    Both the Credit One Platinum and Credit One Amex charge an annual fee of $39. Given this, the two cards are the same in this aspect.

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    Introductory 0% APRs: Tie

    Neither the Credit One Platinum nor the Credit One Amex offers introductory 0% APRs on purchases or balance transfers. For those specifically seeking cards with 0% introductory APR offers, consider exploring the best zero interest credit cards.

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    Rewards: Credit One Amex

    The Credit One Amex is better for rewards, offering unlimited 1% cash back on all purchases. In contrast, the Credit One Platinum provides 1% cash back but only on specific categories like gas, groceries and certain services.

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    Welcome Offers: Tie

    Neither the Credit One Platinum nor the Credit One Amex offers a welcome bonus, making this feature a tie between the two cards.

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    Recommended Credit Score: Tie

    Both the Credit One Platinum and the Credit One Amex cater to individuals with credit scores ranging from 580 to 740, indicating a fair to good credit requirement. This makes them equally accessible to consumers within this credit score range.

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    Penalties and Fees: Tie

    The Credit One Platinum and the Credit One Amex have identical penalties and fees. They charge late payments of up to $39 and cash advance fees of either $5 or 8% of the advance amount. Foreign transactions incur a fee of either $1 or 3% of the purchase in U.S. dollars.

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    Issuer Satisfaction: Tie

    Since both the Credit One Bank Platinum and the Credit One Amex cards are issued by Credit One Bank, they share the same issuer satisfaction rating of 2.0. This results in a tie for issuer satisfaction.

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    Other Features & Perks: Tie

    Both cards offer unique perks. The Credit One Amex provides benefits like Retail Protection, exclusive access to presale tickets and Travel Accident Insurance. The Credit One Platinum offers practical features like a free online credit score summary and customizable alerts. Depending on your preferences for travel and entertainment benefits vs. everyday conveniences, either card could enhance your spending experience.

Rewards Comparison

The Credit One Amex leads with a straightforward rewards program, offering unlimited 1% cash back on all purchases. With an expected reward value of $301, it's a solid choice for those seeking a simple, effective cash back card.

On the other hand, the Credit One Platinum provides 1% cash back but only in specific categories such as gas, groceries and certain utilities. While these targeted rewards can be beneficial, they don't match the overall reward potential of the Credit One Amex.

Despite its narrower focus, the Credit One Platinum may appeal to users who spend significantly in its bonus categories. However, for most, the broader reward structure of the Credit One Amex will likely provide greater value. The table below provides a detailed comparison of the bonus categories for both cards.

Category
Credit One Amex
Credit One Platinum

Gas

1%

1%

Groceries

1%

1%

Mobile Phone Services

1%

1%

Internet, Cable and Satellite TV Services

1%

1%

All Other Purchases

1%

N/A

Redeeming Rewards

The Credit One Platinum and Credit One Amex have the same straightforward redemption process. Your cash back earnings are automatically applied as statement credit. Rewards for both cards do not expire, ensuring long-term value for cardholders.

Methodology

MoneyGeek's ranking process evaluates credit cards across various use cases, such as cash back and balance transfers. The highest scoring use case for the Credit One Platinum and Credit One Amex is cash back.

The largest factors influencing their scores include the effective reward rate and the return on investment for offers. These factors, among others, contribute to a comprehensive score that reflects the card's value in specific scenarios. For a detailed understanding of our scoring system, you can review our ranking methodology.

FAQ: Credit One Platinum vs. Credit One Amex

What are the annual fees for these Credit One cards?
How do the cash back rewards work for each card?
What is the APR for both Credit One cards?
Are there any foreign transaction fees associated with these cards?
Can I access my credit score summary with either of these Credit One cards?

About Doug Milnes, CFA


Doug Milnes, CFA headshot

Doug Milnes is a CFA charter holder with over 10 years of experience in corporate finance and the Head of Credit Cards at MoneyGeek. Formerly, he performed valuations for Duff and Phelps and financial planning and analysis for various companies. His analysis has been cited by U.S. News and World Report, The Hill, the Los Angeles Times, The New York Times and many other outlets.

Milnes holds a master’s degree in data science from Northwestern University. He geeks out on helping people feel on top of their credit card use, from managing debt to optimizing rewards.


*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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