Features

Card Highlights

  • - See if you Pre-Qualify without harming your credit score
  • - 1% cash back on eligible purchases, terms apply
  • - No deposit requirements and opportunities to build your credit
  • - Enjoy the flexibility to choose your payment due date. Terms apply.
  • - Receive opportunities for credit line increases, a fee may apply

Who is Credit One Platinum Visa Designed For?

Credit One Platinum Visa 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 charges high rates and annual fees.

What are the Rates for Platinum Visa?

The rates range from 15.90% APR to 24.40% 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.

The APR is variable and is calculated by adding percentages between 12.15% APR and 21.65% APR to the U.S. Prime Rate, which is published on the 25th day of each month in the “Money Rates” section of the Wall Street Journal. There are no introductory rates for new customers.

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

- Platinum Visa has an annual membership fee of $0 to $99 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 $5/8% of the amount or $10/3%, whichever is greater. 

- Credit One Platinum Visa charges a $37 fee for late payments and a $35 fee for returned payments.

What Is Platinum Visa's Rewards Program Like?

Platinum Visa gives users 1% cash back on all gas, groceries, phone and cable purchases. Or, based on your creditworthiness, 1.1% cash back on dining in conjunction with 1% on all purchases. The cash back is redeemed automatically as a statement credit.

What about Platinum Visa's Signup Bonus?

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

How Is Platinum Visa Better Than Other Credit Cards?

The Credit One Visa Platinum is one of the best unsecured credit cards available to people with bad or no credit. It does have high annual fees and rates, but it also includes useful credit building features, such as free credit score tracking, email alerts, and pre-qualification, that most credit cards in this category don't carry.

  • Card Type
    • Cash Back
    • Rewards
  • Customer Type
    Personal
  • Card Network
    Visa
  • Credit Score Range
    560 - 700
  • Minimum Age
    18
  • Annual Fee
    $75
  • Grace Period / Deferred Interest
    24
  • Late Payment Penalty
    $37
  • Minimum Interest Charge
    $1
  • Returned Payment Fee
    $35
  • Fraud Liability
  • Free FICO Score
  • Cashback
  • Purchases APR
    16.15% - 24.65%
js-table-filter bizname-credit-one-platinum-visa-card-with-gas-reward
0
js-table-filter ccard-type-136
js-table-filter cashback-135
560
js-table-filter gas-139
js-table-filter groceries-141
16.15
js-table-filter card-type-12
js-table-filter no-foreign-currency-transaction-fee-237

Est. 1984

  • Cashback
  • Gas
  • Groceries
  • No Foreign Transaction Fee
Card Type Rewards
Credit Score Range 560
Purchases APR 16.15%
006
js-table-filter bizname-credit-one-platinum-visa-card
75
js-table-filter ccard-type-222
js-table-filter ccard-type-136
js-table-filter cashback-135
560
js-table-filter free-fico-score-575
js-table-filter gas-139
js-table-filter groceries-141
16.15
js-table-filter restaurants-142
js-table-filter card-type-12

Est. 1984

  • Cashback
  • Free FICO Score
  • Gas
  • Groceries
  • Restaurants
Annual Fee $75
Card Type Cash Back
Card Type Rewards
Credit Score Range 560
Purchases APR 16.15%
006
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