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Credit One Bank® Platinum Rewards Visa

Credit needed
Fair, Good
APR
23.99%
Annual Fee
$95

Card Summary

Credit One Bank Platinum Reward Visa is available to individuals with good credit. There's a $95 annual charge.

A $500 credit limit is available to new cardholders. However, your credit score may qualify you for a higher credit limit.

You will receive 5% cashback on your first $5,000 of eligible categories purchases, and then you'll get 1% for every additional $1,000. The categories include gasoline and grocery purchase, as well subscriptions to select telecommunications services.

All other eligible purchases are eligible for 1% cashback.

Experian cardholders have access to zero-dollar fraud coverage and free credit scoring.

Card Summary - Cons

Rates and fees

Issuer Name
Credit One Bank
Penalty APR
N/A
Credit Needed
Fair, Good
Balance Transfer Fee
N/A
Annual Fee
$95
Cash Advance Fee
$10.00 / 5% (or the greater of these two)
APR
23.99%
Foreign Transaction Fee
You can choose to pay 3% of the total amount or $1.00, depending on which is higher.
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The Best Features

Rewarding customers with cash back. Credit One Bank Platinum Reward Visa requires fair credit scores.

Rewards

Sign up bonus

APR Requirements

Drawbacks

Annual fees for Credit One Bank Platinum Reward Visa cardholders: $95. This annual fee is higher than cards that have similar features.

Additional fees include a minimum of $1 interest, a minimum foreign transaction fee of 3% and a minimum cash advance fee equal to 5%.

The high interest rate: Cardholders who are new do not have the option of a 0% annual promo on balance transfers or purchases. The variable APR is 23.99%.

Highlights

You will receive a 5% cashback reward on your first $5,000 in eligible gasoline, food, internet, phone, or satellite TV purchases. Then, 1% for every additional $5,000. Terms apply. Additional 1% cashback rewards for all purchases.

You are protected from unauthorised charges by Zero Fraud Liability. Access your Experian credit score online for free. Terms apply.

Earn More Cashback Rewards by using your Credit One Bank Card at Participating Merchants. Terms apply. You may be eligible for a special offer if you're a Military Lending Act Covered Borrower.

Benefits

Comparative Analysis with Other Cards

Credit One Bank Platinum Rewards Visa vs. Chase Freedom Flex:

Annual fee: Credit One Bank Platinum Rewards Visa cardholders are subject to an annual $95 fee. Chase Freedom Flex does not charge an annual fee.

Reward: The Credit One Bank Platinum Rewards Visa will give you 5% cashback on your first $5,000 in eligible categories purchases, and then 1% for every additional $5,000. These categories include gasoline and groceries, as well as select subscriptions to internet, cable and satellite TV, and cell phone services. All other eligible purchases are eligible for unlimited 1% cashback Chase Freedom Flex gives you 5% cashback on purchases up to $1500 combined in bonus categories. You also get 5% cashback on Chase travel purchases, 3% cashback on restaurant and drugstore meals, and 1% cashback on all other purchases.

Sign-up bonus: is not available for the Credit One Bank Platinum Rewards Visa. Chase Freedom Flex cardholders can earn $200 cash back after they spend $500 in the first three months of their account opening. You can also earn 5% cashback on groceries (not Target, Walmart), and up to $12,000 in your first year.


Benefits: Credit One Bank Platinum Reward Visa cardholders can access zero dollar fraud liability protection and see their Experian Credit score free of charge. Chase Freedom Flex cards benefits include extended warranty coverage, purchase protection and zero liability.

Credit One Bank Platinum Rewards Visa vs. Capital One Quicksilver One Cash Rewards Credit Card

Annual fee: Credit One Bank Platinum Rewards Visa Holders are subject to an annual $95 fee. Capital One Quicksilver One cash rewards credit card will require you to pay $39 annually.

Reward: Credit One Bank Platinum rewards Visa holders receive 5% cashback on purchases of $5,000 or more in the eligible categories each year. Then, 1% is added. Select subscriptions to internet, cable and satellite TV, as well as gas and grocery purchase, are included in these categories. Other eligible purchases receive 1% cashback. Capital One Quicksilver One cash rewards credit card - Earn 1.5% cashback on all eligible purchases.

Sign-up bonus: No card offers an introductory bonus.Benefits: The Credit One Bank Platinum Rewards Visa offers zero dollar fraud coverage, free Experian credit score access and other benefits. The Capital One Quicksilver One cash rewards credit card benefits include fraud protection, emergency card services and Mastercard identity theft coverage.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

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No late fees. Reduced interest charges. Pay off

Credit One Bank