Add cards to start comparing.

Compare Cards
Reviews
" " CompareCards says issuers are providing such generous deals, they're virtually irresistible for those willing to switch.

" " Those who always pay their balances in full and on time will usually come out ahead.

" " The offers on the credit card landscape are constantly changing which is great news for consumers.

" " In the future, the companies that will thrive are those able to give customers exactly what they want, the way they want it, when they want it.

" " CompareCards was one of three sites that met all the criteria.

Trusted & Secure
  • Empowering over
    50,000,000 card holders Since 2005

  • Norton Secured

Ask Our Credit Experts Submit questions to our credit experts.

Thank you, we’ve received your question. Look for the response in your inbox in the next few days and subscribe to our newsletter.
Error sample

Credit One Bank® Unsecured Platinum Visa®

Credit One Bank® Unsecured Platinum Visa®

 

Rated 4/5 stars by our editorial team

Click the stars to submit your rating.

Thanks for rating!

Your Rating:

3.8/5.0 from 37 Offer Ratings
Over the Past 60 Days!

(37 ) Over the Past 60 Days!

  • Regular Purchase APR 19.74% - 25.74% Variable
  • Intro Purchase APR N/A*
  • Intro BT APR N/A*
  • Annual Fee $0-$99
  • Credit Needed

    Bad/Poor/Fair

  • Card Brand Visa®

Highlights

Card Fees

Expert Review of the Credit One Bank® Unsecured Platinum Visa®

  • 4.0

    Regular APR

  • 2.5

    Intro APR

  • 3.0

    Fees

  • 2.0

    Benefits

  • star rating 4.0 /5

    Overall Rating

Who the card is best for

The Credit One Bank® Unsecured Platinum Visa® is an option for people with bad/poor/fair credit who want to build credit while earning cash back. However, it’s not the most affordable option out there. You’ll have to contend with a $0-$99 annual fee, and you won’t know your exact annual fee until you apply for the card. And that fee will be subtracted from your available credit limit right away, which will limit your access to credit.

A better alternative to improve a poor credit score would be a no-fee secured credit card, which we’ll cover in detail later in this post. There are plenty of secured cards that don’t have any fees and give you the same opportunity to improve your credit score.

Where this card stands out in its category

There is a rewards program where you can earn 1% on eligible purchases, terms apply. This is a nice added perk since many cards for bad credit don’t come with rewards programs. There are also several other benefits, like access to your free credit score and shopping discounts that make this card stand out among competitors.

Where this card falls short in its category

This card has an annual fee of $0-$99, and you won’t know your fee until after you apply. Also, any annual fee you incur will be deducted from your initial available credit limit. So, if you receive a $300 credit limit but a $75 annual fee, your initial available credit will only be $225.

Additional card benefits

The Credit One Bank® Unsecured Platinum Visa® offers several additional benefits:

  • Free credit score tracker: You can view your Experian ScoreX Credit Score for free and monitor your progress.
  • Select insurances: You receive travel accident and auto rental collision insurance at no additional cost when you use your card to pay for eligible travel or rentals.
  • Shopping discounts: With Visa Credit Card Offers + Perks, you can receive discounts at select merchants when you use your card.

How to use the card most effectively

To gain the most value from the Credit One Bank® Unsecured Platinum Visa®, be sure to use the card for all eligible purchases where you earn cash back. This allows you to maximize your rewards — but don’t let that lead you to overspend since your main goal with this card is to improve your credit.

The best way to raise your credit score is to make sure you pay your statement on time and in full each month. Another way to help your credit score is to maintain a utilization rate under 30%. The utilization rate is the amount of your total credit limit you use. For example, if you have two cards with a total credit limit of $1,000, you would never want to carry a statement balance totalling $300 or more across the two cards.

Rewards breakdown

This card offers 1% on eligible purchases, terms apply. The exact rewards rate you receive depends on your creditworthiness, and will be disclosed after you submit a pre-qualification request and you qualify for a credit card offer.

Per Credit One’s terms and conditions, you can qualify for:

• 1.0% cashback rewards on eligible gas, groceries, mobile phone service, internet service, and cable & satellite TV service; or • 1.0% cashback rewards on eligible gas, groceries, dining purchases, mobile phone service, internet service, and cable & satellite TV services; or • 1.1% cashback rewards on eligible dining purchases and 1.0% cash back rewards on other eligible purchases; or • 1.0% cashback rewards on eligible purchases.

Compare it with the Discover it® Secured

An alternative to the Credit One Bank® Unsecured Platinum Visa® is a secured card like the Discover it® Secured. Secured cards are a great way to build credit. They require a security deposit that becomes your line of credit, and when you make on-time payments they will report them to the major credit bureaus. The Discover it® Secured has a minimum $200 security deposit, but it’s refundable if you transitioned to an unsecured card or pay your balance in full and close your account.

The Discover it® Secured provides a better cashback program than the Credit One Bank® Unsecured Platinum Visa® and also has a $0 annual fee. That’s compared with the $0-$99 annual fee and cashback program of the Credit One Bank® Unsecured Platinum Visa®, which are based on your creditworthiness. People looking to build credit can do so with either card, but if you want more perks and less fees, the Discover it® Secured is a better choice.

Here’s a breakdown of the key features of each card:

  Credit One Bank® Unsecured Platinum Visa® Discover it® Secured
Annual Fee $0-$99 $0
Minimum Security Deposit N/A $200
Purchase Intro Rate N/A* N/A
Balance Transfer Intro Rate N/A* 10.99% APR for 6 Months
Balance Transfer Fee N/A 3%
Regular Purchase APR 19.74% - 25.74% Variable 24.74% Variable
Rewards 1% on eligible purchases, terms apply 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, automatically. 1% on everything else*
Sign-Up Bonus No bonus Discover will automatically match all the cash back you earn at the end of your first year.
Foreign Transaction Fee 3% or $1.00, whichever is greater None

Bottom Line

The Credit One Bank® Unsecured Platinum Visa® can be a good choice for people with less-than-perfect credit looking to improve their credit score while benefiting from a cashback program — just be aware of the range of annual fees.

Ongoing Information

Additional Card Details

Consumer Reviews

  • star rating mask

Offer Rating

3.8/5.0

37 Total Ratings

5 Star
 
 
(8)
4 Star
 
 
(16)
3 Star
 
 
(10)
2 Star
 
 
(2)
1 Star
 
 
(1)

Your Rating

There is nothing we value more than the opinions of our customers. We encourage open discussions among all users and hope we can all share advice. Please keep our site clean and safe by following our posting guidelines and please, don’t disclose personal information like your credit card numbers or account information.

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

+34 users submitted a rating without a full review

Sort by:

134 Found this review helpful

By: | Jan 4, 2017

I got this card when I was rebuilding my credit. Although the fees are high, it has helped me improve my credit score quite dramatically over the last several months. Now I can qualify for other cards

177 Found this review helpful

By: | Oct 7, 2014

I absolutely love that their is no limit to the 1% cash back on gas purchases. The fees are a bit high though, so I am not quite sure if it is worth it in the long run. However, it can boost your credit score if you are smart about it. So, I would have to give this card only 3 stars.

196 Found this review helpful

By: | Sep 22, 2014

I actually got a much higher limit than i expected and the cards works :). Only down side high fees. I pay before the bill post to minimize the APR and fees. Its a way back to 750 :)

Back to top ↑