The best Credit One Platinum benefits are EMV chip technology and zero liability fraud protection. These perks are certainly good to have, though it’s important to note that they are also relatively common benefits for credit cards.
Credit One Platinum Benefits
EMV chip technology
Zero liability fraud protection
While these benefits aren’t bad, the Credit One Platinum simply doesn’t have as many benefits as a lot of the other credit cards on the market.
The maximum credit line for a Credit One credit card is not publicly disclosed by the issuer. If approved for a Credit One card, applicants can expect a minimum credit line of $300 to $500 initially, depending on the card and their credit standing.
Credit One cards are designed for people of various credit levels, from … read full answerbad to good credit or better. The lower your credit score is, the lower your Credit One account’s maximum spending amount is likely to be. Credit One may periodically review your account for an automatic credit line increase. This usually occurs after you’ve had the card for at least 6 months. Credit One doesn’t release specific criteria for granting automatic increases.
How Annual Fees Affect Your Credit One Credit Card Limit
It’s important to know that if you’re approved, the amount of your credit line that’s available for spending may be reduced before you even use the card. Most Credit One credit cards charge an annual fee. If your card has an annual fee, it will be automatically applied against your credit line.
If Credit One’s maximum credit lines aren’t enough to meet your needs, focus on rebuilding your credit to the point where you can apply for a card with the potential for a higher credit line and lower fees.
Credit One might automatically increase your credit limit after six months, or you can request a Credit One credit limit increase online or by calling (877) 825-3242. For the best odds, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income Credit One has on file.… read full answer
How to Get a Credit One Credit Limit Increase Online
The Credit One annual fee can be as low as $0 or as high as $99, depending on the credit card. Credit One will bill the annual fee to your account when you open it. Keep in mind that this will reduce your initial available credit until you pay it off.… read full answer
The annual fee will bill again each subsequent year until the balance is paid is full and your account is closed. This is the case for all Credit One cards except for the Credit One Bank® Platinum Visa® for Rebuilding Credit; for the second and future years, the annual fee will be billed to your account in 12 monthly installments of $8.25.
Most Credit One’s annual fees are higher than the average. For less expensive options, consider secured cards instead. There are many good secured cards without annual fees. You’ll have to pay a deposit to secure a credit limit. But unlike an annual fee, the deposit is fully refundable once you close the account with a $0 balance.
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