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

Don't worry, clicking "Apply now" won't leave a mark on your credit report. It may only appear on your report after you submit an application.

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 >>

An unsecured card for building credit.

30-second take

  • 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 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

Intro 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 FeeUp to $39
Late Payment Fee ConditionsTerms apply
Returned Payment FeeUp to $39
Returned Payment Fee ConditionsTerms apply
Additional Cardholder Fee$19
Minimum Age18 years of age
Base Rewards1% cash back
Rewards Points ExpiryNever
Apply now

The basics

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.

The perks

  • Pre-qualification.

    You can see if you pre-qualify for the card without hurting your credit score.

  • Cash back.

    You can get one of the four cashback reward programs based on your creditworthiness:

    • 1.0% 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.

How to pre-qualify for a Chase credit card

You’ll also like …

  • Zero fraud liability.

    You won’t be held liable for any unauthorized charges that you report to Credit One.

  • Fraud monitoring.

    Credit One regularly monitors your account activity to prevent fraud. You also get an EMV chip card, which is hard to counterfeit.

  • Account notifications.

    Customize your account notifications, including payment reminders, transaction alerts, payment confirmations and more.

  • Digital wallet.

    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.

Apply now

What to watch out for

  • Annual fee.

    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.

  • 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.

  • High APR.

    Based on your creditworthiness, you’ll get a variable APR of 20.24% to 26.24%. 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 …

Compare Credit One Bank credit cards

Updated March 26th, 2019
Name Product Filter values Annual Fee APR for Purchases (Purchase Rate) Intro APR for Balance Transfer
$0 to $99
20.24% to 26.24% variable

N/A

Seeing if you pre-qualify is fast, easy and secure.
$0 to $99
20.24% to 26.24% variable

N/A

Get 1% cash back rewards on eligible purchases.
$0 to $99
20.24% to 26.24% variable

N/A

Get 1% cash back rewards on eligible purchases and double cash back rewards at the NASCAR.com Superstore.
$0 to $99
20.24% to 26.24% variable

N/A

Get 1% cash back rewards on eligible purchases including gas, groceries, and services such as mobile phone, internet, cable and satellite TV.

Compare up to 4 providers

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®

  1. Go to the Credit One Bank® Unsecured Platinum Visa® page.
  2. Enter the required information to see if you pre-qualify.
  3. 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.

Bottom line

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.

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2 Responses

  1. Default Gravatar
    DennisJune 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

    • finder Customer Care
      nikkiangcoJune 7, 2018Staff

      “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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