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Credit One Bank® Platinum Visa®
Credit One Bank® Platinum Visa® Review
The Credit One Bank® Platinum Visa® offers a necessary stepping stone for those aiming to improve their credit score, with its credit-building features and the bonus of earning cash back on purchases being quite appealing. However, the combination of a high annual fee and a steep APR means that one must be quite strategic and disciplined in managing balances to ensure the costs don't overshadow the benefits.
Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. The ratings are the expert opinion of our editors, and not influenced by any remuneration this site receives from card issuers.
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Credit One Bank® Platinum Visa®
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on Credit One Bank®'s secure site
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Credit One Bank® Platinum Visa®
SIGN-UP BONUS
N/A
REWARDS RATE
Earn 1% cash back rewards on eligible gas, grocery purchases and mobile phone service, internet, cable and satellite TV services, terms apply
Rewards Rate
Earn 1% cash back rewards on eligible gas, grocery purchases and mobile phone service, internet, cable and satellite TV services, terms apply
Purchase APR
29.49%* Variable
Grow Your Credit Line
Automatic reviews for credit line increase opportunities
Annual Fee
$39
Card Brand
Visa®
Recommended Credit Score
Fair / GoodHighlights
- Earn 1% cash back rewards on eligible gas, grocery purchases and mobile phone service, internet, cable and satellite TV services, terms apply
- With $0 Fraud Liability, you won’t be responsible for unauthorized charges
- Automatic reviews for credit line increase opportunities
- Free Online Credit Score and Credit Report summary, terms apply
- Choose your monthly payment due date for added convenience, terms apply
- Never miss an account update with customizable text and email alerts
- Manage your account on-the-go with the Credit One Bank mobile app
- Show off your personality by selecting from a variety of card designs, a fee may apply
Additional Info
Foreign Transaction Fee
3%, Min: $1, whichever is greater
Balance Transfer Fee
N/A
Expert Review
Editor's Overall Rating
Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. The ratings are the expert opinion of our editors, and not influenced by any remuneration this site receives from card issuers.
From the LendingTree editorial team, updated on Mar 27, 2025
We don't have a review for this card yet, but sit tight! There's one coming soon.
The Good
- The Credit One Bank® Platinum Visa® is designed for individuals looking to build or rebuild their credit, offering automatic account reviews for credit line increases and reporting to the three major credit bureaus, which can aid in improving credit scores over time. It also provides cash back rewards on eligible purchases, adding a layer of incentive for responsible card usage.
The Not So Good
- The card comes with a high annual fee that varies by account, and its APR is considerably high, which can offset the rewards earned and make carrying a balance expensive. Additionally, its cash back rewards program is relatively modest compared to other cards in the market, potentially limiting the card's overall value for users.
The Bottom Line
The Credit One Bank® Platinum Visa® offers a necessary stepping stone for those aiming to improve their credit score, with its credit-building features and the bonus of earning cash back on purchases being quite appealing. However, the combination of a high annual fee and a steep APR means that one must be quite strategic and disciplined in managing balances to ensure the costs don't overshadow the benefits.
Editorial Note: This content is not provided by Credit One Bank®. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by Credit One Bank®.
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Sign-Up Bonus
25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
Flexible Redemption
Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.
Rewards Rate
1.5 points per $1 spent on all purchases. 3 points per $1 spent on travel purchases booked through the Bank of America Travel Center. 3 points per $1 spent on travel purchases booked through the Bank of America Travel Center.
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0% Intro APR
0% Intro APR for 15 months on purchases and balance transfers, then 18.24% - 27.24% Variable APR
Rewards Rate
5% cash back at different places each quarter up to the quarterly maximum when you activate. 1% unlimited cash back on all other purchases - automatically
Welcome Offer
Unlimited Cashback Match for all new cardmembers – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
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on Discover's secure site
Intro APR
0% Intro APR for 6 months on purchases and 0% Intro APR for 18 months on balance transfers, then 18.24% - 27.24% Variable APR
Rewards Rate
2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically
Ongoing APR
18.24% - 27.24% Variable APR
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