Credit One Bank® Platinum Rewards Visa Review

Credit One Bank® Platinum Rewards Visa is a cashback credit card issued by Credit One Bank®. If you're wondering whether Credit One Bank® Platinum Rewards Visa is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

• Generous reward rate. You will get a cashback rewards rate of up to 5%.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 23.99%
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
• Good or better credit required. You should probably try with another card if your credit score is below 700.

Credit One Bank® Platinum Rewards Visa Pros and Cons:

The Good	The Bad
Free access to your credit score. Credit One Bank® Platinum Rewards Visa reports to multiple credit bureaus.	Higher than average purchase APRs. Requires good to excellent credit. Charges an annual fee of $95 Does not offer a signup bonus. Does not offer rewards or cash back. Charges a foreign transaction fee of 3%. You don't earn rewards on every purchase. Does not include many credit card rewards.

Is there a Credit One Bank® Platinum Rewards Visa cash back or rewards program?

No, Credit One Bank® Platinum Rewards Visa does not offer a rewards program. Credit One Bank® Platinum Rewards Visa is a cashback card. This means you earn a percentage of your purchase as a cash reward. With Credit One Bank® Platinum Rewards Visa you receive 1% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash. However, you can earn up to 5% for purchases in a bonus category.

What are the Credit One Bank® Platinum Rewards Visa benefits?

Credit One Bank® Platinum Rewards Visa provides the following benefits:

• Free Credit Score
• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Credit One Bank® Platinum Rewards Visa?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Credit One Bank® Platinum Rewards Visa has higher than average purchase APRs.

Credit One Bank® Platinum Rewards Visa has a variable purchase APR of 23.99%. It also has a variable cash advance APR of 23.99% .

What are the fees for Credit One Bank® Platinum Rewards Visa?

The following fees apply to Credit One Bank® Platinum Rewards Visa:

Credit One Bank® Platinum Rewards Visa Fees

Fees	Amount
Annual Fee	$95
Foreign Transaction Fee	3%
Returned Payment Fee	up to $39
Late Payment Fee	up to $39

Does Credit One Bank® Platinum Rewards Visa report your account activity to credit bureaus?

Credit One Bank® Platinum Rewards Visa reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit.

How to apply for Credit One Bank® Platinum Rewards Visa

• Visit the Credit One Bank® Platinum Rewards Visa website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.