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RATING

Credit One Bank® Platinum Visa® for Rebuilding Credit

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Designed for rebuilding poor credit, this card may come in handy if you can’t qualify for any other cards, but it is quite underwhelming otherwise. Due to meager customer service, high fees, and lack of transparency, this card should be considered as a last resort.

Our rating
Min. credit level: Bad
Annual Fee: $75 first year, then $99 annually
Regular APR: 23.99% Variable

Credit One Bank® Platinum Visa® for Rebuilding Credit

Our rating
Bad Min. credit level
$75 first year, then $99 annually Annual Fee
Apply Now

Highlights & Features

(Rates & Fees)

Rewards

Spending Rewards
  • 1% cash back on eligible:
    • Groceries
    • Gas
    • Mobile phone services
    • Internet
    • Cable/satellite TV services

Balance Transfers

A balance transfer is a way to move debt from one card to another with the goal of saving money on interest.

Intro Balance Transfer APR N/A
Regular Balance Transfer APR N/A
Balance Transfer Fee See Terms
How to Transfer a Balance on a Credit Card

Fees

Penalty APR N/A
Late Fee Up to $39
Returned Payment Fee Up to $39
Additional Cards Annual Fee $19
Foreign Transaction Fee 3%
Learn About Types of Credit Card Fees

Cash Advances

Borrowing cash on your card is a cash advance. Cash advances usually come with very high fees. Even worse, cash advances can signal to lenders that you’re being irresponsible with money.

Cash Advance APR 23.99% Variable
Cash Advance Fee Either $5 or 8% of the amount of each transaction, whichever is greater
How to Get a Cash Advance with a Credit Card

Card Benefits

PERKS
  • Free Credit Score
SECURITY
  • Zero Liability on Unauthorized Charges
Credit One Bank® Platinum Visa® for Rebuilding Credit

Highlights

(Rates & Fees)
  • See if you Pre-Qualify without harming your credit score
  • Earn 1% cash back rewards on eligible gas, grocery purchases and mobile phone service, internet, cable and satellite TV services, terms apply
  • With $0 Fraud Liability, you won’t be responsible for unauthorized charges
  • Automatic reviews for credit line increase opportunities
  • Looking to rebuild credit? We report to the major credit bureaus monthly
  • View your free online access to your Experian credit score, terms apply
  • This unsecured card requires no deposit and can help build your credit
  • Choose your monthly payment due date for added convenience, terms apply
  • Never miss an account update with customizable text and email alerts
  • Manage your account on-the-go with the Credit One Bank mobile app
  • Show off your personality by selecting from a variety of card designs, a fee may apply
  • See Rates & Fees
ABOUT THE ISSUER

Credit One Bank

Credit One Bank has several card types depending on your needs.

Manage your Account & Pay your Bill

You can usually pay your bill online on your

Credit card issuer's website

Speak to Customer Service

1-877-825-3242

See all Issuer Cards

The Credit One Bank Platinum Visa for Rebuilding Credit offers very little in terms of rewards, benefits, and transparency. It should probably only be considered as a last resort.

Your credit limit will range from $300 to $3,000, and your annual fee will reduce your available credit until you pay it. Your annual fee is based on Credit One’s judgement of your creditworthiness, anywhere from $75 first year, then $99 annually.

You’ll earn 1% cash back on gas, groceries, and internet/phone services, but this pales in comparison to most cards which offer 1% cash back, at least, on every purchase.

This card does offer Zero Fraud Liability and it reports to the three major credit bureaus, Equifax, TransUnion, and Experian — so if you use the card responsibly it can help you rebuild your credit, but you may have to jump through some hoops.

To learn more about Credit One Bank and why we recommend alternatives to this card, check out our post: Credit One vs. Capital One: Beware! They Are Very Different

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