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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: 600 Credit Limit: 300 Age: 35-44
Posted 07/17 2018
Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating
I have had a very positive experience with Credit One Bank. When I was approved for the card, I found out that my annual fee was $35 and my limit was $300. My score back then was 600. The annual fee was billed on the first statement, which I paid off. I always pay off my balance every month. BY the second month, I got an automatic credit line increase (did not have to pay for it) to $600. Then after six months, I got another increase to $900. My limit is now $1300.

My scores have also improved to over 700 and I am now getting offers from all mainstream issuers. If you pay your bills in full and on time, this card will definitely help you rebuild your credit. My improvement from 600 to 700 score happened within a span of 14 months.
 
Credit Score: 635 Credit Limit: 500 Age: 35-44
Posted 04/21 2018
Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating
If you go to other other forums, you will find so many complaints about this card. I can't understand why because my experience has been great so far. I got approved for $500 credit limit and my card version had no annual fee. I paid my bills in full and within 3 months, I had a $300 credit line increase to $800. BTW - this card also lets you earn 1% cash back on gas.

There are some complaints about payment holds. The max this has happened to me was just a few days. I never spend anywhere close to my limits (always keep it to 25%) and so that is never an issue.

If you are a rebuilder, definitely go with this card.
 
Credit Score: 545 Credit Limit: 1000 Age: 45-54
Posted 07/25 2017
Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating
I applied for this card after having 2 secured credit cards for 6 months in which I always paid in full. My score was 545 when I applied for Credit One. I got approved for $1000 credit limit, got a 25 day grace period and a $45 annual fee. After using my card for 4 months (in which I put only $150 on the card and paid it off in full), my score jumped 100 points to about 650. I am really not sure if this is solely due to Credit One or perhaps it is a cumulation of my rebuilding efforts (Credit One is my third card).

You can also earn 1% cash back on the card and they have a mobile app. You can also check your credit score for free and it is actually quite close to my EXP score. So far, I am happy with it.
 
Credit Score: 590 Credit Limit: 500 Age: 35-44
Posted 04/23 2017
Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating
When I applied for Credit One, my score was 590. I was given a $500 CL and annual fee of $35. Rate was 20% I think but since I pay in full, it does not bother me. After 2 months, I got an automatic CLI to $700.

So far, my experiences have been good. I still have the card and the annual fee is still $35. Unlike others who got the $75 AF for 1 year then $99 for 2nd year version, I will happy live with a $35 annual fee until I have enough no annual fee cards.
 
Credit Score: 604 Credit Limit: 1500 Age: 35-44
Approved 2 months after Bankruptcy
Posted 02/19 2017
Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating
When I was discharged from BK, Credit One was the only issuer that approved me. My card has no annual fee (yes, no AF) and I was given a $1000 limit. I guess this is rare but perhaps since everything was discharged in my BK, that helped?

This card has been good to me and my score is now in the high 600s. I'll probably still keep the card since it costs me nothing.
 
Credit Score: 632 Credit Limit: 300 Age: 35-44
Posted 01/14 2017
Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating
As part of my rebuilding process, I finally bit the bullet and applied for Credit One. I was approved for $300 and the annual fee was only $35 with no monthly fee. Interest rate was 19%. I was billed the annual fee on the first statement. After activation, I paid it off and within a month, they increased by credit limit to $450. I did not have to pay any fee for the CLI and I was informed through email.

One thing I noticed was that I was able to get my "credit score" when I log into my account. I was wondering if it is a real FICO or a FAKO?
 
Credit Score: 614 Credit Limit: 400 Age: 35-44
Posted 05/25 2016
Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating
I used to have this card and finally canceled it when my score reach 700 and I was able to get regular no annual fee cards. One experience I want to share is that sometimes, folks will run into payment hold issues. Most people would not have any issues but here is some advice for those who have run into problems like I have.

1. Expect that you may face some payment holds.
2. If you are paying from your bank account, try to pay early (like 2 to 3 weeks in advance) and double check to make sure the payment clears.
3. Send your checks early if you want to pay by check.
4. Have a prepaid debit card in hand in case you need to use express pay (which has a $10 fee). This is the fastest way to pay and the least problematic.

Most folks run into problems with bank payments because of mistakes in giving the routing number and stuff like that. It is best to set it up immediately when you activate your card.
 
Credit Score: 635 Credit Limit: 500 Age: 35-44
Posted 04/19 2016
Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating
I got a pre-approved mail with the following offer. $500 credit limit. $45 annual fee and 17.99% APR. I also got a regular grace period with this card. I applied and was accepted. So far so good.
 
Credit Score: 590 Credit Limit: 300 Age: 25-34
Posted 03/26 2016
Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating
Credit One was the only unsecured card willing to give me a chance. They started me with a $300 credit limit. After making four payments (not billing cycles - but four payments over 2 months), I got an automatic credit line increase of $400. My total limit became $700. After a year of using it, my score went from 590 to 675. I got approved for Cap One Quicksilver One and a Walmart card. Another feature not frequently mentioned is that you earn 1% cash back on gas. Which sub prime card has even a reward program?

Anyway, after getting the Cap One and Walmart, I got offers from Discover and managed to get the IT with a $3000 limit. I have just cancelled my Credit One. It has served me well and I am moving on.
 
Credit Score: 530 Credit Limit: 300 Age: 18-24
Posted 12/03 2015
Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating
I was given a $300 limit when I got the card. My annual fee was $75 which was billed immediately on the first statement. I paid that off immediately and just used the card for small expenses like my netflix account. When I get the bill, I simply pay it out with the online standard payment. I have never been late and always pay in full. After 8 months with the card, I got a $200 credit limit increase. I also just recently checked my score and it has improved to 600 from 530.
 
Credit Score: 585 Credit Limit: 300 Age: 35-44
Posted 10/09 2015
Overall Rating: star ratingstar ratingstar ratingstar ratingstar rating
My credit took a hit so I knew before I even applied that the sole purpose of this card was to help rebuild credit. I got approved with a $75 annual fee. Initial limit was $300. After 3 months, I got a $150 credit line increase. I checked and they also started reported to the bureaus almost immediately.