What is the average credit score needed to get approved for the Credit One Bank Platinum Visa card?

Generally, you should have a fair credit score above 580 to get approved for a Credit One Bank Platinum Visa card.

Does the Credit One Bank Platinum Visa card report to all three credit bureaus?

Yes, Credit One Bank reports to all three credit bureaus each month.

Is the Credit One Bank Platinum Visa application process lengthy? Can you prequalify?

The typical Credit One Bank application processing timeline is up to three weeks. You can prequalify by filling out a form on the website.

What information is needed to apply for the Credit One Bank Platinum Visa card?

Generally, you’re required to provide your legal name, birth date, address, Social Security Number and annual income.

Does the Credit One Bank Platinum Visa card have good customer service or satisfaction?

Yes, generally, the Credit One Bank customers have good things to say about the bank’s customer service.

Does the Credit One Bank Platinum Visa card have a mobile app or the option to pay or manage your account online?

Yes, Credit One Bank has a mobile app to let you effectively manage your credit card accounts.

Does the Credit One Bank Platinum Visa card raise credit limits automatically or charge for limit increases?

Credit One Bank may raise your credit limit automatically in some cases.

Does the Credit One Bank Platinum Visa card offer the option to freeze your credit/account or have other security features?

Yes, Credit One Bank offers a lot of different features to keep your account secure.

Does Credit One offer other credit cards besides the Credit One Bank Platinum Visa?

Yes, Credit One Bank offers Credit One Bank Platinum Visa for Rebuilding Credit, Platinum Rewards Visa with No Annual Fee and many other cards.

MoneyGeek’s Take

Credit One Bank Platinum Visa Review

People looking for an unsecured card who have a fair credit score may benefit from the Credit One Platinum Visa Rewards credit card. It offers a 5% cash back on bonus category purchases (up to $5,000 per year) and 1% cash back on other purchases.

Advertising & Editorial DisclosureLast Updated: 4/23/2022

Reviewed By

Alene Laney

Last Updated: 4/23/2022

The Credit One Platinum Visa Rewards card may be a good option for you if you’re looking to earn high cash back rewards while rebuilding your credit. With this card, you have a good chance of rebuilding your credit while earning 5% cash back on eligible gas, grocery, internet, cable, satellite TV and mobile phone purchases up to $5,000 every year and a 1% cash back on other purchases.

Card Details to Know Up Front

Bonus, Fee or Feature
Has or Not
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
Credit Needed
Fair-Excellent

Click to see this card’s rates, fees and how they compare to other cards in our dataset.

OUR REVIEW AT A GLANCE

Credit Card Details at a Glance
Pros & Cons Explained
Bonuses & Rewards Explained
Our Verdict: Is This Card for You?

Credit One Bank Platinum Visa at a Glance

The Credit One Bank Platinum Visa card is one of the few cards that offer good reward incentives for people with fair to average credit. It also gives you the flexibility to set your own due date and offers free access to your Experian credit score.

Credit One Bank Platinum Visa
Best cash back card for those with fair credit
- Fair-ExcellentCredit Needed
- $0–$99*Annual Fee
- 1% Cash BackRewards Rate
- 1xRewards Rate on Gas
- 1xRewards Rate on Groceries
Pros
Less restrictive credit requirements
Cash back rewards

Cons
You may not qualify for the version of the card you hoped for
Only one redemption option available
High APR on purchases
Foreign transaction fees
Credit One offers several iterations of its Platinum Visa card. You’ll find out which version you qualify for during the prequalifying process, which doesn’t negatively affect your credit.
The Credit One Bank Platinum Visa earns 1% unlimited 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.

Pros & Cons Explained

Understanding the pros and cons of the Credit One Bank Platinum Visa will help you decide if this is the best card for you among other credit cards of the same category.

Pros

Benefits
Description
High cash back rate for bonus category purchases
You can get an impressive 5% cash back by spending up to $5,000 every year on gas, groceries, internet, cable, satellite tv and mobile phones through this card.
Online pre-qualification
Credit One Bank offers online pre-qualification for credit cards <a href="https://www.creditonebank.com/pre-qualification/data-entry/index" target="_blank">on their website</a>. After filling out some information, the bank will perform a soft inquiry that will not affect your credit score.
Free access to credit score
This card offers you free access to your Experian credit score, which can help you gauge your eligibility for credit cards.

Cons

Drawbacks
Description
High annual fee
The Credit One Bank Platinum Visa card has an annual fee of $95, which is pretty high compared to other cards in the same category.
High APR
With this card, you should try to avoid carrying a balance because it has a high variable APR of 23.99%.
High foreign transaction fee
You may not want to apply for this card if you’re a frequent traveler since it charges a 3% fee on international transactions.

LOOKING FOR THE BEST CREDIT CARDS OF 2022?

MoneyGeek featured the Credit One Bank Platinum Visa card in The Best Rewards Credit Cards of 2022. You can compare other cards on the list to decide if this card is a better choice than others.

Bonuses & Rewards Explained

Understanding the bonuses and rewards structure of the Credit One Bank Platinum Visa card will help you earn maximum cash back rewards on your purchases.

Credit One More Rewards Program

With this card, you get access to the More Rewards Program. This allows you to earn up to 10% cash back by making purchases from participating merchants.

Cash back rewards on bonus category purchases

You can earn 1% cash back on spending up to $5,000 every year on gas, groceries, internet, cable, satellite TV and mobile phones.

Redeemable by applying as a statement credit

The rewards offered by this card are only redeemable by applying as a statement credit and are reflected on your account within 90 days.

Other Features Explained

The Credit One Bank Platinum Visa card also offers many other features which can benefit users.

Card Feature
Description
Zero fraud liability
If your card is stolen or lost and any unauthorized transaction is processed, it will be protected by zero liability.
Flexible due date
You can pick any date six days before or after your due date to pay your pending balance.
No penalty APR
This card does not have a penalty APR, which means you won’t get charged a hefty amount at a high APR if you miss your payments.
Optional credit protection
In case of involuntary disability or unemployment, this card offers you optional credit protection. It can waive off your minimum payments up to six months on paying $0.96 per $100 on your standing balance.
Custom Notifications
You can set up fraud alerts and choose to get notified by text, push notifications and email.

MONEYGEEK EXPERT TIP

"The More Program offers additional rewards when making purchases from select merchants. You’ll be emailed new offers as they become available or you can check on your account home page." - Alene Laney, Credit Card Journalist

Understanding the Fine Print

Learning about the fine print of this card will help you understand the various fees and charges like regular APR, annual fee, cash advance fee and foreign transaction fee that are associated with it.

Card Feature
Amount or Rate
APR
17.99%–23.99%
Annual Fee
$0–$99*
Cash Back Rewards
Rewards Rate
1% Cash Back
Airline Benefits
Rewards Rate on Groceries
1x
Rewards Rate on Gas
1x
Rewards Rate on Dining
0x
Rewards Rate on Entertainment
0x
Rewards Rate on Online Shopping
0x
Rewards Rate on TV, Phone, Internet Services
1x
Rewards Rate on Air Travel
0x
Rewards Rate at Hotels
0x
Balance Transfer Fee
Unspecified
Balance Transfer APR
Unspecified
Late Fees
$39.00
Cash Advance Fee
8%
Cash Advance APR
23.99%
Foreign Transaction Fee
3%

Regular APR
This card has a variable regular APR of 23.99%, which is high compared to the average APR of 12.99%. At this APR, you would accrue a lot of interest on your balance if you don’t make your monthly payments on time.
Annual Fee
The annual fee of this card is $95, which is quite high for a rewards card with limited benefits.
Cash Advance Fee
This cash advance fee of this card is $10 or 5% of the amount. If you take out a cash advance of $1,000, you’ll pay a $50 fee.
Foreign Transaction Fee
For every $100 you spend abroad, you’ll pay a $3 fee since the foreign transaction fee of this card is 3% of the total amount or $1, whichever is greater.

WHERE TO FIND THIS INFORMATION?

The best resource for this information is your credit card provider’s website, your latest billing statement and the credit card agreement database maintained by the Consumer Financial Protection Bureau.

Who Should & Shouldn’t Consider Credit One Bank Platinum Visa?

Other Considerations for Credit One Bank Platinum Visa

A first-time credit card user will have different spending habits than someone who has multiple cards and has been using them for a while. Whether this is your first or only credit card or you are adding this card to your wallet, make sure to consider these factors.

Things to Consider if This Will Be Your First or Only Credit Card

If the Credit One Platinum Visa is your first credit card, you should first check if you have the required credit score for this card. This credit card is only for people with average to fair credit scores. Due to a high variable APR of 23.99%, you may not want to make big purchases with this card.

To avoid accruing a large amount of interest, you should pay your monthly balance on time. This card may not be the best option for international traveling, as it charges a 3% fee on every transaction.

Things to Consider if This Will Be an Additional Card in Your Wallet

This card can be strategically used with other cards in your wallet to build your credit score. Because of the high variable APR, carrying a balance on this card is not recommended. However, you can use this card to make bonus category purchases that will earn you a 5% cash back on every purchase.

Due to a high annual fee, getting this card may only be a good idea if the fee outweighs the rewards because you’ll have to pay an annual fee for your other cards as well.

WHY TRUST OUR REVIEWS

MoneyGeek follows a six-step process that involves collecting credit card information, standardizing data points, potential cardholder profiles, considering annual and introductory bonuses, establishing the card values and reviewing data monthly to reprocess rankings.

How Credit One Bank Platinum Visa Compares to Other Cards

The Credit One Bank Platinum Visa card is a good option for people with fair credit scores. However, other cards available in the same category have little to no annual fee and offer a much better cash back rewards rate.

In-Depth Credit Card Comparisons:

Credit One Bank Platinum Visa vs Credit One Bank Platinum Visa for Rebuilding Credit

Quick Comparison of Credit One Bank Platinum Visa

Credit One Bank Platinum Visa

Annual Fee: $95
Purchase APR: 23.99%
International transactions fee: 3%
Cash back rate: 5% for bonus category purchases and 1% for other purchases.
Best For: People with fair credit looking to rebuild their credit score while earning decent rewards.

Capital One Quicksilver Rewards

Annual Fee: $0
Purchase APR: 20.49%
International transactions fee: $0
Cash back rate: 1.5%
Best For: International travelers and people looking for straightforward cash back reward rates.

Other Helpful Decision-Making Q&As

The following frequently asked questions about the Credit One Bank Platinum Visa card will help you make a better decision about getting the card.

Still not sure about this card? Consider these options.

Although the Credit One Bank Platinum Visa card is a good option if you have a fair credit score, you can also look over other cards in the same category in case you’re not sure about getting this card.

View All Credit Cards

Learn more about credit cards in general

sources

Credit One Bank. "How to Earn a Credit Limit Increase." Accessed August 27, 2021.
Credit One Bank. "Platinum Rewards Visa." Accessed August 27, 2021.
Credit One Bank. "See If You’re Pre-Qualified For a Credit Card." Accessed August 27, 2021.

*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.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.