Features

Who is Credit One's Visa Platinum® Designed For?

Credit One's Visa Platinum® is designed for people with poor credit who want an unsecured credit card and would like to improve their credit. Credit One is a credit card company that targets consumers with bad credit and generally charges high rates and annual fees.

What are the Rates for Visa Platinum®?

- The rates range from 17.24% APR to 25.24% APR, depending on creditworthiness, which is high but still competitive when you compare it with the rates charged by other credit cards for people with bad credit. Credit One uses the average daily balance method to calculate users' balances.

What Are the Fees for Credit One Visa Platinum® Credit Card?

- Visa Platinum® has an annual membership fee of $35 to $75 for the first year and $35 to $99 thereafter, depending on the credit history of users.

- Each new credit card for authorized users has an annual cost of $19.

- Cash advances have either a $5 or 8% of the amount, whichever is greater. However, the fee is waived during the first year for cash advances of less than $400.

- Credit One Visa Platinum® charges a $35 fee for late payments and returned payments.

What Is Visa Platinum®'s Rewards Program Like?

Visa Platinum® gives users a 1% cashback on all gas purchases. The cashback is redeemed automatically as a statement credit.

What about Visa Platinum®'s Signup Bonus?

Credit One Visa Platinum® doesn't have a signup bonus. On the contrary, the annual membership fee is immediately charged to the account, which reduces the line of credit available by the cost of the annual fee.

Does Visa Platinum® Have Any Other Benefits?

The main attraction of the Credit One Platinum Visa is that people with bad credit are eligible and that it is a useful tool to rebuild credit.

It offers automatic credit line increase reviews, updates all three credit bureaus and includes free monthly credit score tracking. In addition, it allows you to get pre-qualified for the card without affecting your credit score. Each one of those features has the potential to help people improve their credit rating.

Credit One Visa Platinum® also emails or texts reminders when a payment is due and lets cardholders pick the payment due date that best fits your schedule.

  • Credit Score Range
    560 - 700
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
    • Unemployed
  • Immigration Status Considered
    • U.S. Citizen
    • U.S. Permanent Resident
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Age
    18
  • Supported Income Types
    • 1099 Misc. Income
    • Cash / Other
    • Direct Deposit (W2, SSA, SSDI)
    • Payroll Check or Prepaid Card
  • Customer Type
    Personal
  • Grace Period / Deferred Interest
    24
  • Late Payment Penalty
    $37
  • Minimum Interest Charge
    $1
  • Returned Payment Fee
    $35
  • No Foreign Transaction Fee
  • Card Type
    Rewards
  • Card Network
    Visa
  • Fraud Liability
  • Cashback
  • Purchases APR (variable)
    17.24% - 25.24%
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