An unsecured card for building credit.
- Get this card if you want to build your credit.
- Pick something else if you want a secured card or a low APR.
- Apply with a poor credit score or higher.
|Product Name||Credit One Bank® Unsecured Platinum Visa®|
|Annual Fee||$0 to $99|
|APR (Annual Percentage Rate) for Purchases||19.99% to 25.99% variable|
|Introductory Purchase APR|
|Introductory Balance Transfer APR|
|Cash Advance Rate||25.99% variable|
|Foreign Transaction Fee||3% of the transaction value or $1, whichever is higher|
|Cash Advance Fee||$10 or 3% of the cash advance amount, whichever is greater|
|Interest Free Period||Up to 24 days|
|Late Payment Fee||Up to $38|
|Returned Payment Fee||Up to $38|
|Additional Cardholder Fee||$19|
|Minimum Age||18 years of age|
|Reward Value per Dollar||1% cash back|
|Rewards Points Expiration||Never|
The Credit One Bank® Unsecured Platinum Visa® is an unsecured card available to consumers with poor credit. When you want to apply, you won’t have to worry about damaging your score — Credit One makes a soft pull to see if you pre-qualify. If you do, you can proceed with the application.
However, the card doesn’t clearly state your annual fee or whether you’ll get a grace period on your purchases before you qualify. Keep your eyes open and read the card’s terms before applying to avoid unpleasant situations.
You can see if you pre-qualify for the card without hurting your credit score.
You can get one of the four cashback reward programs based on your creditworthines:
- → 1.0% on gas, groceries, mobile phone service, Internet service and cable and satellite TV service
- → 1.0% on gas, groceries, dining, mobile phone service, Internet service and cable and satellite TV service
- → 1.1% on dining and 1.0% on all other purchases
- → 1.0% 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.
You’ll also like …
Zero fraud liability.
You won’t be held liable for any unauthorized charges that you report to Credit One.
Credit One regularly monitors your account activity to prevent fraud. You also get an EMV chip card, which is hard to counterfeit.
Customize your account notifications, including payment reminders, transaction alerts, payment confirmations and more.
Use Apple Pay wherever it’s an accepted payment method.
Choose your due date.
Pick your own due date. Note that it has to be at least six days before or after the original assigned date. You can change your due date once in six months.
What to watch out for
The card comes with an annual fee that ranges from $0 to $75 for the first year, depending on your creditworthiness. After that, it can be from $0 to $99. 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.
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.
Based on your creditworthiness, you’ll get a variable APR of 19.99% to 25.99%. This is in line with similar credit-building cards.
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.
Consider other cards if …
You want a similar card from another bank.
Consider the Indigo® Platinum Mastercard® Credit Card, which has similar perks.
You want a secured card to build credit.
With the Secured Mastercard from Capital One®, you can potentially deposit less than $200 and still get a $200 credit line.
Or if you want to earn cash back, you can do so with the Discover it® Secured Credit Card. You get 2% back at gas stations and restaurants for the first $1,000 per quarter. After that and on everything else you buy, you earn 1% back.
You’re looking for a secured card with low APR.
If you find it hard to pay your balance on time, looking into a secured card with low APR could be the best choice.
Compare Credit One Bank credit cards
What should I know before I apply?
To apply for this card, you must be at least 18 years old. You also need to provide your:
- Full name and address
- Email address and phone number
- Social Security number and date of birth
- Total monthly income
What credit score do I need?
You can apply with poor credit score or higher. The higher your credit score and ability to approve your ability to pay off any debt you accrue, the more likely you are to have a lower annual fee and APR.
What do customers say about the Credit One Bank® Unsecured Platinum Visa®?
Credit One earns an A- rating from the Better Business Bureau. Most complaints revolve around hidden fees and poor customer service. Those who are satisfied with the card claim they managed to build their credit with timely payments.
Make sure to read the entirety of your card agreement and any supporting documents you receive to avoid any unpleasant surprises.
How to apply for the Credit One Bank® Unsecured Platinum Visa®
- Go to the Credit One Bank® Unsecured Platinum Visa® page.
- Enter the required information to see if you pre-qualify.
- Click See card offers.
Before you apply for the card, you can see if you pre-qualify, and which reward program you’ll likely fall in to. Once you pre-qualify, you will be provided with the actual disclosures and terms and conditions of your specific offer. Read them over carefully before accepting the offer.
Upon approval, expect your card to arrive within 7 to 10 business days.
I got the card. Now what?
- Download the Credit One Bank Mobile app. Use the app to make payments, monitor your Experian credit score, monitor your account and more.
- Avoid interest. Some accounts may have no grace period. This means you’ll start incurring interest from the moment you made your purchase. Try to pay on time and in full to avoid paying interest and to build your credit.
- Customer service. For any account information or questions, call 1-877-825-3242.
If you’re looking to build your credit, but your card options are limited, the Credit One Bank® Unsecured Platinum Visa® could be worth considering. You earn cash back with this card, but you’ll want to beware of hidden fees. Make sure you read the terms and conditions to avoid getting hit with unexpected charges.
However, if you don’t find this card appealing, check out secured cards for building credit and compare your options.