Chip Lupo, Credit Card Writer
@CLoop
The biggest disadvantage of the Credit One Bank® Platinum Visa® for Rebuilding Credit is that it has a high annual fee, charging $75 intro 1st yr, $99 after, and a high interest rate, at 29.24% (V). This is due largely to the fact that the card is targeted toward people with bad credit.
Credit One Visa Disadvantages
- High APR: The Credit One Visa has a relatively high APR, at 29.24% (V).
- Annual fee: The annual fee is $75 intro 1st yr, $99 after.
- Low credit limit: The Credit One Visa has a relatively low credit limit compared to similar cards.
In addition, there are plenty of other disadvantages applicable to all or most credit cards. Some examples are the hard credit pull that usually happens when you apply, interest charged on balances that are carried from month to month, and the potential to overspend.
Credit One Bank® Platinum Visa® for Rebuilding Credit
Credit One Bank® Platinum Visa® for Rebuilding Credit
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People also ask
How do I apply for the Credit One Visa?
The only way to apply for the Credit One Visa card is online, and you can get to the online application by clicking the “Apply Now” button on WalletHub or by going directly to Credit One ’s website.
Keep in mind that the Credit One Visa card requires bad credit, which means you need a 500+ credit score for high approval odds. Also note that applying for the card triggers a hard inquiry, which may temporarily hurt your credit...
read full answer by Maria Adams, Credit Cards ModeratorWhat is the Credit One Visa card credit score requirement?
The Credit One Bank® Platinum Visa® for Rebuilding Credit is available to people with bad credit. That means people with credit scores below 640 credit may have a shot at getting approved for the card. You can check your credit score for free here on WalletHub to get an idea of your current standing.
It's important to note that plenty of other things will impact your chances of being approved for the Credit One Visa. Some other key criteria include your income, existing debt load, recent credit inquiries,...
read full answer by James W Reed, Credit Cards ModeratorWhat's the best Credit One credit card?
One of the best Credit One credit cards is the Credit One Bank® Platinum Visa® for Rebuilding Credit. This is one of the best unsecured cards for bad credit as it offers a $300 credit limit and 1% cash back on eligible purchases. In return, this card has an annual fee of $75 intro 1st yr, $99 after.
Best Credit One Credit Cards
- Rates & Fees Bad Credit:
- Rates & Fees Bad Credit:
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You can also check out all the available Credit One credit card offers to see which one suits your needs better.
read full answer by Maria Adams, Credit Cards ModeratorDid we answer your question?
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