Credit One Bank® Platinum Visa®
- Annual fee
- $39
- Recommended credit
- Good / Fair / Poor
- Card network
- Visa
- Regular purchase APR
- 28.99% variable based on the Prime Rate
At a glance
The Credit One Bank® Platinum Visa® is an excellent cash back rewards credit card for those who plan to use it to pay for expenses like utilities and errands. Earn 1% cash back rewards on eligible gas, grocery purchases and mobile phone service, internet, cable and satellite TV services purchases (terms apply). The card also features a $39 annual fee.
Our review of the Credit One Bank® Platinum Visa®
The Credit One Bank Platinum Visa Card offers a reliable cash back rewards program that allows cardmembers to earn rewards on everyday purchases. With the opportunity to earn additional cash back rewards at participating retailers, this card is a great option for those looking to maximize their rewards.
Earn Cash Back Rewards on Everyday Purchases
The Platinum Visa® Card from Credit One Bank® earns 1% cash back rewards on eligible purchases. “Eligible purchases” include categories such as gas, groceries, and mobile phone, cable, internet, and satellite services. This makes it easy for cardholders to earn rewards on their everyday spending.
Earn More Cash Back Rewards with Participating Partners
In addition to the 1% cash back rewards, cardholders can earn up to an additional 10% on purchases with participating retailers. This bonus can boost the cash back rewards earned on select purchases to 1.1%. With over 30,000 locations across the U.S. where cardholders can earn more rewards, there are plenty of opportunities to maximize rewards.
Automatic Redemptions
Cash back rewards, including More Cash Back Rewards, are automatically applied as a statement credit each billing period. This simple redemption process helps cardholders lower their monthly statements and make the most of their rewards.
A High APR on Purchases
While the Platinum Visa® offers great rewards, it does come with a high APR on purchases and cash advances. Cardholders should plan to pay their bill in full each month to avoid interest charges and keep their credit report in good standing.
One Annual Fee
With a $39 annual fee, the Platinum Visa® offers a moderate cost compared to other Credit One Bank cards. This fee can be offset by taking advantage of the cash back rewards earning feature.
Other Card Features
- Visa Zero Fraud Liability
- Free online access to your Experian credit score each month
- Online pre-qualification option
- Credit One Bank’s dedicated customer service hotline
- Credit One Bank mobile app for easy account management
Should You Apply for the Credit One Bank® Platinum Visa®?
The Credit One Bank® Platinum Visa® is a great option for those looking to earn rewards on everyday purchases. While the redemption options are limited to statement credits, this card is ideal for those focused on improving and maintaining their credit score. With regular spending, cardholders can cover their bills and receive rebates at the same time, all for a reasonable annual fee. If you have a credit score in the middle range and want to earn rewards on every purchase, consider the Credit One Bank® Platinum Visa®.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- 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
- View your Experian credit score online for free, 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
Who this card may suit
- You're comfortable paying a moderate annual fee on a card that earns cash back rewards on everyday purchases
- You have credit in the low-to-good range
- You don’t plan on carrying a balance monthly
- You plan to use your card to pay for daily expenses and monthly utilities
Rates, fees and terms
| Annual Fee | $39 |
|---|---|
| Regular Purchase APR | 28.99% variable based on the Prime Rate |
| Cash Advance APR | 28.99% variable based on the Prime Rate |
| Cash Advance Transaction Fee | Either $5 or 8% of the amount of each Cash Advance, whichever is greater, or $10 or 3% of each Cash Advance, whichever is greater, or $10 or 5% of each Cash Advance, whichever is greater |
| Foreign Transaction Fee | Either $1 or 3% of each purchase in U.S. dollars, whichever is greater |
| Late Payment Penalty Fee | Up to $39 (terms apply) |
| Return Payment Penalty Fee | Up to $39 (terms apply) |
Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Good Credit Fair Credit Poor Credit.
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Credit One Bank® Platinum Visa®
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