Credit One Bank Unsecured Platinum Visa review | finder.com

Credit One Bank® Unsecured Platinum Visa® review

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Credit One Bank® Unsecured Platinum Visa® Learn more Apply now

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What happens when I click Apply now?
  • Clicking Apply now will take you to your online application on the bank's website. You do not need to be an existing customer of this bank to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • Once approved, you will typically receive your credit card within 1-2 weeks
Click here to start your application >>

The Credit One Bank® Unsecured Platinum Visa® is a helpful option if you have poor credit.

It can be tough to rebuild your credit score, especially when a low score makes it hard to get approved for a card in order to start building good credit history. Credit One Bank offers credit cards for people with poor or bad credit who may get turned away by other banks. Credit One Bank has over 6 million customers, and issues the Credit One Bank® Unsecured Platinum Visa®.

Product NameCredit One Bank® Unsecured Platinum Visa®
Card TypeVisa
Annual Fee$0 to $99
APR (Annual Percentage Rate) for Purchases20.24% to 26.24% variable
Introductory Purchase APR

N/A

Introductory Balance Transfer APR

N/A

Cash Advance Rate26.24% variable
Foreign Transaction Fee3% of the transaction value or $1, whichever is higher
Cash Advance Fee DescriptionEither $5 or 8%, or $10 or 3% of each cash advance, whichever is greater
Interest Free PeriodUp to 24 days
Late Payment Fee$39
Returned Payment Fee$39
Additional Cardholder Fee$19
Minimum Age18 years of age
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Credit One Bank® Unsecured Platinum Visa® review

If you need a credit card but don’t have the best credit score, the Credit One Bank® Unsecured Platinum Visa® could be a helpful solution.

Credit One Bank starts with the pre-approval process. Once you fill in your personal information, the company will help match you with the cards you qualify for. Plus, the pre-approval process does not affect your credit score. The Credit One Bank® Unsecured Platinum Visa® is a completely unsecured credit card, and no deposit is required.

The card includes zero fraud liability, so you are protected from unauthorized purchases. Additionally, as a cardholder, you can enjoy 1% cash back on eligible gas and grocery purchases.

Compare unsecured cards that can help you build credit

Name Product Filter values APR (Annual Percentage Rate) for Purchases Annual Fee Interest Free Period
15.24% to 26.24% variable
$0
Up to 21 days
Build your credit with no fees: Apply if you're new to credit or have a fair to good score over 620.
25.24% variable
$0
Up to 23 days
Designed to help build credit history with no deposit required. Apply if you're new to credit or have a fair to good score over 650.
See terms
See terms
Up to 21 days
The First Access Card is a true Visa® credit card that does not require perfect credit for approval.
23.9% fixed
$0 to $99
Up to 25 days
The Indigo® Platinum Mastercard® Credit Card is specifically designed for those with less than perfect credit.
20.24% to 26.24% variable
$0 to $99
Up to 24 days
Seeing if you pre-qualify is fast, easy and secure.

Compare up to 4 providers

The perks

  • Pre-qualification.
    You can get pre-qualified in less than a minute, and it won’t affect your credit score in any way.
  • Credit score.
    As a cardholder, you can track your credit score every month, and view your creit report summary online.
  • Account alerts.
    To stay informed about your account, you can elect to receive email notifications. You can also choose to receive text messages.
  • Cash back.
    With the Credit One Bank® Unsecured Platinum Visa®, you can earn 1% cash back on eligible purchases.

How to pre-qualify for a Chase credit card

Landmines

  • Annual fee.
    Once your account is charged an annual membership fee, you will begin making monthly payments on that fee and incurring interest before even making a purchase. For many, $99 is a hefty price tag for rebuilding credit. And considering you may receive a credit line of as low as $300, once you factor in the annual membership fee, you are potentially left with only $200 in available credit.
  • Grace period.
    It is unclear which Credit One Bank® credit cards provide a grace period, and that’s something you need if you don’t want to end up in over your head in debt again. With no grace period, you begin incurring interest on purchases as soon as they post to your account. Paying your full balance each month won’t help you avoid being charged interest. Credit cards that come with a grace period (and most do) aren’t charged interest on purchases made during the billing cycle. If you pay your balance in full at the end of the month, interest begins after the due date if you choose to carry a balance. So if you intend to keep your purchases interest-free by paying your balance in full each month, be sure the card comes with a grace period.
Apply now

The nuts and bolts

  • No deposit requirement.
    The unsecured card does not have a deposit requirement.
  • Card offers.
    By inputting your personal information into the website, Credit One Bank will let you see the cards that you qualify for.
  • Fraud protection.
    The zero fraud liability feature protects you against any unauthorized charges or purchases.
  • Credit line.
    Every account is automatically monitored for credit line opportunities. Credit One Bank will notify each cardmember when they qualify for additional credit.
  • Secure.
    The company installs each card with a microchip for added protection.
  • Apple Pay.
    You can set your credit card up with Apple Pay, and pay with your iPhone or iPad.
  • Alert reminders.
    To remind you when your payment is due, you can elect to receive email and/or text alerts.
  • Purchase APR.
    The regular APR is variable, and determined by your creditworthiness. You can expect an APR ranging from 20.24% to 26.24% variable. It varies with the market, and is based on the Prime Rate.
  • Cash advance APR.
    The cash advance APR is 26.24% variable.
  • Annual membership fee.
    Additional authorized users will have to pay $19.
  • Penalty fees.
    Late payments can result in up to a $39 fee. For returned payments, you can pay up to a $39 fee.
  • Credit line.
    The minimum credit line is $300. Increases are granted based on your credit performance.
  • Transaction fees.
    For cash advances, you can expect a $5 fee, or a fee that is 8% of the cash advance amount. Alternatively, you may have to pay or of each cash advance amount, whichever is greater.
Apply now

How to apply for the Credit One Bank® Unsecured Platinum Visa®

Applying for this card is easy and requires applicants to meet the following eligibility requirements:

Eligibility criteria:

  • U.S. citizen
  • At least 18 years old
  • Poor credit is acceptable. The Credit One Bank® Unsecured Platinum Visa® is intended to help you rebuild your credit.

You can apply online, and the following information and documentation is required:

Required documents & information:

  • Full name
  • Residential address
  • Birthdate
  • Phone number
  • Social Security number
  • Income information
  • Email address

Bottom line

If you are looking for an unsecured credit card that doesn’t require a stellar credit score for approval, the Credit One Bank® Unsecured Platinum Visa® could be for you. Before choosing this card, be sure to compare it with other credit card options.

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2 Responses

  1. Default Gravatar
    RashadeeOctober 6, 2018

    I have not established any credit so far so therefore i have no credit score will this card be a good fit for me

    • finder Customer Care
      JoshuaOctober 8, 2018Staff

      Hi Rashadee,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      For this card, you would most likely need a credit score, though a pristine score isn’t required. Before you apply for this card or any other credit card, it would be a good idea to first develop a credit history. Of course, it won’t hurt as well to directly get in touch with Credit One Bank and discuss your options and eligibility.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

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