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Credit One Bank® Platinum Visa® With Cash Back Rewards
Consumer Reviews, Credit Score and Income Needed, Credit Limits

Picture of Credit One Bank® Platinum Visa® With Cash Back Rewards
30 Reviews
Consumer Rating:
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Lowest:
0
Average Score:
562
Highest:
674

Credit One is one of the largest issuer of credit cards in the "bad credit' space. Folks who have written reviews here have been approved with an average credit score of 600. Credit One requires that you have a bank account as well and have an income.

Card Details
Card Details

Annual Fee: $0,$35 or $75 for the first year, then $99 from second year onwards

APR: 19.99% to 25.99% *Variable Rate

Grace Period: 0 to 24 days

Free Credit Score - Credit One provides a form of free credit score which many card members think is provided by Experian.

Cash Back Program
Cash Back Program

Credit One is one of the few issuers that have a cash back program.

  • 1% cash back on gas, groceries, mobile phone service, internet service, and cable & satellite TV service, or
  • 1.1% cash back on dining purchases and 1% on all other purchases, or
  • 1% cash back on all purchases

Pros and Cons
Pros and Cons

Pros

  • Reasonable fees, No application or monthly maintenance fees
  • Cash back program
  • Has mobile app - Apple Pay and Samsung Pay
  • Free credit score
  • Track record of credit line increases

Cons


  • Grace Period ranges from 0 to 24 days

Our Take
Our Take

Credit One has reasonable fees and unlike many other sub prime cards, they do not charge application or monthly fees. They are one of the rare issuers that have a cash back program, an app and a track record of credit line increases. If you are a rebuilder and looking for an unsecured credit card, then you should consider this card.

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Credit Score: 615 Credit Limit: 400 Age: 35-44
Posted 06/19 2017
Overall Rating: star ratingstar ratingstar ratingno star ratingno star rating
I got this card 3 months ago. I started out with a $400 credit limit and was given an annual fee of $75 which was posted to my first bill. I paid that off and charged about $200 a month on the card. I always paid in full. Just a week ago, I got a $200 credit limit increase without asking. Can't complain about that. Having said that, I will still be only charging about $200 a month on the card.

I hope to cancel the card before the year is up because I do not want to pay the second year annual fee (which is $99 and paid over 12 months). I guess it will depend on where my score is and whether I can get a lower annual fee card or better still, a no annual fee card.
 
Credit Score: 610 Credit Limit: 300 Age: 25-34
Posted 06/12 2017
Overall Rating: star ratingstar ratingstar ratingno star ratingno star rating
I have had this card for 8 months and I think I will definitely cancel it before the first year is up. I started with a $300 credit limit and unlike some other posters here, I have not managed to get a credit limit increase even though I requested one. I do carry a very small balance sometimes but I think I will be paying off the balance from now onwards and see if I could get a no annual fee store card. If I do, then I will close this card.

I do not like the annual fee, but I know I have bad credit. I checked with the bureaus and Credit One does report to all three. For rebuilding, this is an OK card.
 
Credit Score: 610 Credit Limit: 400 Age: 45-54
Posted 11/11 2016
Overall Rating: star ratingstar ratingstar ratingno star ratingno star rating
Credit One is not the best card for rebuilding, but it is also far from the worst. If you look at the fees of other cards like First Premier, Total, Continental Finance, all of them charge higher annual fees and monthly fees and all have higher APRs. Credit One only charges an annual fee. I got mine with a $35 annual fee and a $400 limit. I was given an automatic CLI of $200 after 2 months!

There are some things that I do not like about this card. Firstly, mine has no grace period so I tend to pay after a charge has been made. But I also found out that Credit One will not allow more than 3 times a month. Once you have paid 3 times, you will have to wait until your statement arrives before you could pay off the rest of the balance. If you use the free payment, your funds will be on hold for about 4 days (from my experience).

Having said that, they do have a cash back program (though with the limits they give you it would not amount to much). They also give you a free EX score. While it is not advertised as a FICO score, the score Credit One has is identical to my EX FICO.

Best advice is to just charge one item to your card. In my case, I charge my hulu monthly bill to the card. Once it hits, I pay it off so at most, I incur a few cents of interest payments. Once your score improves and you have other no annual fee cards, then it is time to "cut the cord"!
 
Credit Score: 595 Credit Limit: 300 Age: 35-44
Posted 10/08 2016
Overall Rating: star ratingstar ratingstar ratingno star ratingno star rating
I got approved for Credit One when no one else was willing to give me a chance. I knew my credit was bad, made sure I read the terms and conditions so that there would be no surprises.

My card had a $75 annual fee, $300 initial credit limit and a higher APR (can't remember). I just charged $20 a month on the card and paid in full. After six months or so, I started getting random credit line increases. My limit is now $600. Also, they do give you 1% cash back on gas. But there is no grace period so I made sure I paid immediately after the charges appear.

It's been over 2 years and my score is now in the 700s. I have capital one and recently a barclays. Once I got my Barclaycard, other offers from Chase, Discover and Amex started miraculously appearing. I have closed my credit one card. It is not the best card but it did serve it's purpose of helping me rebuild.
 
Credit Score: 589 Credit Limit: 300 Age: 45-54
Approved 1 year after Bankruptcy
Posted 09/28 2016
Overall Rating: star ratingstar ratingstar ratingno star ratingno star rating
I got this card to rebuild my credit. The annual fee is $75 and I got a $300 limit. After using the card for a year, I got offered a $250 credit limit increase for $14.95. I accepted it and now my limit is $550. Into my second year, my annual fee is $99, which is paid monthly ($8.25).

The card is ok and my aim is to get a couple of no annual fee cards before I cancel this one. Hopefully, that would be soon. The only peeve I have with this card is that they have put my payments on hold for as long as 14 days. After a year or so, it got much better and now at max, the hold is 4 days.
 
Credit Score: 615 Credit Limit: 300 Age: 25-34
Posted 07/13 2015
Overall Rating: star ratingstar ratingstar ratingno star ratingno star rating
This card is ok. I read the terms and conditions before I applied and was fully aware of the fees etc. I got approved for $300. My score has improved from using the card. The thing that does not impress me is their app. It is slow and I think could be more user friendly.
 
Credit Score: 612 Credit Limit: 300 Age: 25-34
Posted 06/06 2015
Overall Rating: star ratingstar ratingstar ratingno star ratingno star rating
As far as fees go, this card is actually ok compared to other cards. But they really need to improve their website and app. There were some times where I could not login into my account to check my balance and score.