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Credit One Bank® Platinum Visa® for Rebuilding Credit* is a unique credit card. It is designed for people with low credit. unsecured credit card No security deposit required. In addition, this credit card offers purchasing benefits. credit cards for people with low credit.
These rewards may not be the most lucrative, but offering all kinds of rewards makes this card stand out. Capital One Platinum Credit Card There is no annual fee, but there are no perks.Conclusion: If you have bad credit and want to use a credit card improve credit scorewhile earning basic rewards, this is a solid choice.
Credit One Bank® Platinum Visa® for Credit Recovery
Referral offernone
April26.24% change
Referral Purchase APRnone
Recommended credit bad credit
- Earn 1% cash back rewards on eligible gas, grocery purchases, mobile, internet, cable and satellite TV services. Terms apply.
Annual fee$75 for the first year. Then $99 annually ($8.25 monthly)
foreign transaction fee $1 or 3% of each purchase in USD, whichever is greater.
- Earn 1% cash back rewards on eligible gas, grocery purchases, mobile, internet, cable and satellite TV services. Terms apply.
reward
The rewards are fairly basic and not the main draw here.
Earn 1% only on eligible gas and grocery purchases and monthly cell phone, internet, cable and satellite TV service bills. You must ensure that the potential rewards exceed the additional charges. pay utility bills with a credit card.
The card’s grocery rewards can be used at a variety of grocery retailers, but not at supermarkets, drug stores, and convenience stores such as Walmart and Target. It also does not apply to purchases made at small shops such as bakeries.
How to build credit with the Credit One Bank Platinum Visa
There are three main rules to keep in mind to build trust.
- Be sure to pay your bills on time.
- Always aim to pay the bill in full. Not only is this good for your credit score, but it also helps you avoid the particularly high APR (26.24% variable) of the Credit One Bank Platinum Visa.
- Keep your spending under 30% credit limit. This is called credit utilization and is a factor in your credit score.
like you credit score As you use your credit card responsibly over time, your credit score will improve and you will be able to access cards with higher APRs and higher credit limits than the Credit One Bank Platinum Visa for Rebuilding Credit . In the meantime, this card is a good option for those with low credit.
When it’s time to apply high credit card, keep your Credit One Bank Platinum Visa account open, even if you don’t use it often. The average age of open accounts is a factor in your credit score, and older credit card accounts can have a positive impact on your credit score. Keeping accounts open also helps lower your total credit utilization.
replacement card
Your options are limited by poor credit ratings, but there are some other credit cards that are more suitable. Both of these cards offer No foreign transaction fees — Unlike Credit One Bank’s Platinum Visa, we recommend choosing one if you plan to use your credit card abroad.
Discover it® Secure Credit Card
If you want to set a security deposit as your credit limit, the Discover it® Secured Credit Card* is a great option to earn rewards.
Earn 2% cash back (1% thereafter) on up to $1,000 spent quarterly at gas stations and restaurants, plus 1% cash back on everything else. Also, as a welcome bonus, you’ll get a cashback match at the end of your first year. best welcome bonus Secure credit cards are accepted.If you are unsure whether to apply or not, you can apply here. credit card pre-authorization Check your odds.
For more information, secure credit card reviews.
Capital One QuicksilverOne Cash Rewards credit card
QuicksilverOne requires at least average or fair credits (which usually means a credit score between 580 and 670), but with a low annual fee of $39, you get consistent rewards for your purchases is an excellent option for
Earn 1.5% cashback on all purchases. This is very competitive for this credit level and annual fee. As a bonus, get 5% back on hotel and car rentals booked with Capital One Travel. The APR is even higher than the Credit One Bank Platinum Visa’s 28.49% variable, so you should be careful not to leave a balance on this card each month.
Frequently Asked Questions
Can this card be used overseas?
Yes, you can use your Credit One Bank Platinum Visa for credit restructuring abroad, but we recommend using a card like the one above that has no foreign transaction fees. The Credit One Bank Platinum Visa charges 3% (minimum $1) on each transaction you make abroad.
What is the credit limit?
For most credit cards, your credit limit is determined by your credit history, income, mortgage, and other financial factors. When used responsibly, you can generally request a credit line increase every six months.
What is a Good Credit Score?
Most lenders consider a credit score of 670 or higher to be “good.” A credit score of 740 or above is considered “excellent” and qualifies for even better credit card offers.
*All information regarding the Credit One Bank Platinum Visa for Rebuilding Credit and Discover it Secured Credit Card is independently collected by CNET and has not been reviewed by the issuer.
The editorial content on this page is based solely on the objective and independent evaluation of our writers and is not influenced by any advertising or partnership. It is not provided or commissioned by any third party. However, we may receive compensation for clicking on links to products or services offered by our partners.
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