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 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|
|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 Expiry||Never|
The Credit One Bank® Unsecured Platinum Visa® is an unsecured card available to consumers with poor credit. When you apply, don’t worry about damaging your score because Credit One makes a soft pull to see if you pre-qualify. If you do, you can proceed with the application.
However, know that 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.
Based on your creditworthiness, you can get one of the four cashback reward programs:
- → 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 services;
- → 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 a monthly access to your Experian credit score.
Potential credit line increase.
Your account is automatically reviewed for a credit line increase.
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 this is an accepted payment method.
Choose your due date.
Pick your own due date. But 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 of $0 to $75 for the first year, depending on your creditworthiness. After that, it can be $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 get a 24-day grace period, while others won’t. This means Credit One starts charging interest from the moment you made your purchase.
Based on your creditworthiness, you’ll get a variable APR 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 with this card the minimum credit line you can get is $300.
Foreign transaction fee.
For each transaction you make abroad in US dollars, pay either $1 or 3%, 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 and drawdowns.
You want a secured card to build credit.
With the Secured Mastercard from Capital One®, you can deposit less than $200 and still get a $200 credit line.
Or if you want to earn cash back, 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, earn 1% back.
You’re looking for a secured card with low APR.
If you find it hard to pay your balance on time, 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 the card, you must be at least 18 years old and you 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.
What do customers say about the Credit One Bank® Unsecured Platinum Visa®?
Credit One earns an A- rating by 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.
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 fall in to. Once you pre-qualify, you will be provided with the actual disclosures and terms and conditions of your specific offer. So read them over carefully before accepting the offer.
Uppon approval, expect your card to arrive within 7 to 10 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, to 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 to avoid paying interest and to build your credit.
- Customer service. For any account information, 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. With the card, you get to earn cash back but beware of hidden fees. Make sure you read the terms and conditions to avoid any surprises.
However, if you don’t find this card appealing, check out secured cards for building credit and compare your options.