No, the Credit One Bank® Platinum Visa® is not a secured card. The Credit One Platinum is an unsecured credit card, which means it does not require a security deposit to use as collateral in case cardholders cannot pay their bills.
The Credit One Platinum Card is more difficult to get than secured credit cards, which are targeted toward people with limited or bad credit. The Credit One Platinum Card requires fair credit for approval, or a credit score of at least 640. This card is also more expensive than most secured cards, charging a non-refundable $39 annual fee.
Finally, it’s important not to confuse the Credit One Platinum Card with the Capital One Platinum Secured Credit Card, which is one of the most popular secured credit cards on the market. These two cards are issued by different companies.
No, Credit One does not have a secured credit card at this point in time. Credit One only offers unsecured credit cards, which are credit cards that do not require the cardholder to put down a refundable deposit in order to open the account.
It’s worth noting that Credit One does issue unsecured credit cards to people with bad credit. While these cards are relatively easy to get approved for, the downside is that they’re more expensive than secured cards.… read full answer
The Credit One Platinum credit limit is $300 or more. Everyone who gets approved for Credit One Platinum is guaranteed a credit limit of at least $300, and particularly creditworthy applicants could get limits a lot higher than that. Plus, the higher an applicant’s credit score and income are, the higher the starting credit limit is likely to be.… read full answer
Keep in mind that you can ask to get a credit limit increase by calling the Credit One Bank customer service number you see on the back of your card, but it’s best not to do that more than once a year. Credit One Bank will also evaluate your account periodically to determine whether you are eligible for a credit limit increase. Paying on time and keeping your credit utilization low are key for getting unsolicited credit line increases with Credit One Bank.
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