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Credit One Bank® Unsecured Platinum Visa® review

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Watch out for potential hidden fees.

  • Get this card if you want to build your credit.
  • Pick something else if you don’t want to pay an annual fee.
  • Apply with a poor credit score or higher.

Details

Product NameCredit One Bank® Unsecured Platinum Visa®
Card typeVisa
Annual fee$0 to $99
Purchase APR19.49% to 25.49% variable
Balance transfer APRN/A
Cash advance rate25.49% variable
Cash advance fee$5 or 8% of the cash advance amount, whichever is greater
Cash advance fee descriptionEither $5 or 8%, or $10 or 3% of each cash advance, whichever is greater
Foreign transaction fee3% of the transaction value or $1, whichever is higher
Interest free periodUp to 24 days
Late payment feeUp to $39
Late payment fee conditionsTerms apply
Returned payment feeUp to $39
Returned payment fee conditionsTerms apply
Additional cardholder fee$19

What to watch out for

  • Annual fee.
    The card comes with an annual fee that ranges from $0 to $99, depending on your creditworthiness. Starting from the second year, some accounts will pay the annual each month, divided into 12 equal portions. Other accounts will be billed annually.
  • Authorized user card fee.
    Authorized user cards come with a $19 annual fee. Most credit cards don’t charge any fees for additional cards.
  • Grace period.
    Some accounts may receive a 24-day grace period, while others won’t. Not having a grace period means Credit One starts charging interest from the moment you made your purchase. This can add up if you can’t pay your full balance as soon as possible.
  • Low minimum credit line.
    Your credit line depends on multiple factors, but this card has a minimum credit line of $300.
  • Foreign transaction fee.
    For each charge you make abroad in US dollars, you’ll pay either $1 or 3% of the transaction, whichever is greater.

Card benefits

  • Prequalification.
    See if you prequalify for the card without hurting your credit score.
  • Cash back.
    You can get one of the four cashback reward programs based on your creditworthiness:

    • 1% on gas, groceries, mobile phone service, Internet service and cable and satellite TV service
    • 1% on gas, groceries, dining, mobile phone service, Internet service and cable and satellite TV service
    • 1.1% on dining and 1% on all other purchases
    • 1% back on everything you buy
  • Free credit score access.
    Track your credit-building efforts with monthly access to your Experian credit score.
  • Potential credit line increase.
    Your account is automatically reviewed for a credit line increase at regular intervals determined by Credit One.
  • Other perks.
    With this card, you also get zero fraud liability, fraud monitoring, account notifications and you get to choose your due date, which you can change once in six months.
Apply now

Compare unsecured credit cards for building credit

Updated April 1st, 2020
Name Product Filter values Minimum deposit required Purchase APR Annual fee Recommended minimum credit score
Credit One Bank® Visa® Cash Back Rewards
N/A
19.49% to 25.49% variable
$0 to $99
580
Earn 1% cash back on all purchases or in categories based on Credit One Bank’s discretion.
Capital One® Platinum Credit Card
N/A
26.99% variable
$0
580
A no-annual-fee card for average credit. Earn a higher credit line after five on-time payments.
CardMatch™ from creditcards.com
See terms
See issuer's website
See terms
300
Use the CardMatch tool to find cards you're likely to qualify for with your credit score, without a hard pull on your credit.
Indigo® Platinum Mastercard® Credit Card
N/A
24.9% fixed
$0 to $99
580
The Indigo® Platinum Mastercard® Credit Card is specifically designed for those with less than perfect credit.
Reflex Mastercard® Credit Card
N/A
25.9% to 29.99% variable
$99
580
Made for people with poor credit who want an unsecured credit card. It can help you build credit, but watch out for high fees and interest.

Compare up to 4 providers

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

To apply for this card, you must be at least 18 years old.

  1. Click Apply now.
  2. Enter the required information to see if you prequalify
  3. Click See card offers

What credit score do I need?

You can apply with a poor credit score or higher. The higher your credit score and ability to pay off any debt you accrue, the more likely you are to have a lower annual fee and APR.

Before you apply for the card, you can see if you prequalify and which reward program you’ll likely fall in to. Once you prequalify, you’ll be provided the actual disclosures and terms and conditions of your specific offer. Read them over carefully before accepting the offer.

Bottom line

If you’re looking for an unsecured credit card to build your credit, the Credit One Bank® Unsecured Platinum Visa® could be an option. But be aware of hidden fees and read the terms and conditions to avoid getting hit with unexpected charges.

If you don’t find this card appealing, compare other secured cards for building credit.

Frequently asked questions

Expert review

Kliment Dukovski

Review by


Kliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.

Expert review

The Credit One Bank® Unsecured Platinum Visa® is an unsecured card available to consumers with poor credit. It comes with an annual fee from $0 to $99, depending on your credit score, and a complex rewards structure where you can earn 1% or 1.1% cash back on select categories; This also depends on your creditworthiness.

The good thing with this card is that you can prequalify without affecting your credit score. This way you’ll know your approval chances before you apply. Also, you get free monthly access to your Experian credit score.

Be sure to read the card’s terms before applying to avoid unpleasant situations as the card doesn’t clearly state your annual fee or whether you’ll get a grace period on your purchases before you qualify.

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2 Comments

  1. Default Gravatar
    Dennis
    June 4, 2018

    My deposit for my platinum card is 200, but my credit limit is 500.. My ? Is will I only be able to spend the 200 I deposit or will I be able to spend up to the 500 credit limit I was given

    • Avatarfinder Customer Care
      nikkiangco
      June 7, 2018

      “Hi Shelby,

      Thanks for getting in touch!

      ING Credit Card only offers complimentary travel insurance at the moment.

      While we can provide you with general information, please note that we’re a product comparison website and we do not represent any company we feature on our site. We’re here to assist you in your buying decision process hence we cannot recommend product / service that is rightfully fit for you.

      Hope this helps.

      Regards,
      Nikki “

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