Is Credit One Platinum a secured card? This question is about the Credit One Bank® Platinum Visa®

Is Credit One Platinum a secured card?

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This question is about the Credit One Bank® Platinum Visa®

Maria Adams, Credit Cards Moderator

@m_adams • 08/25/21 This answer was first published on 08/25/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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.

Answer Question

Does Credit One have a secured credit card?

Yes, Credit One does have a secured credit card, the Credit One Bank® Secured Card. This card requires a security deposit of at least $200, which will serve as your credit limit. The card’s annual fee is $0. Plus, you can earn 1% cash back on gas and groceries, as well as your monthly mobile phone, internet, cable, and satellite TV services.

There are plenty of other options, though. So, if you’re not tied to Credit One as an issuer, check out our editors’ picks for the best ... read full answer secured credit cards on the market. Using a secured card responsibly can help you eventually build your credit to the point where you can qualify for credit cards with more competitive terms.

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What is the Credit One Bank Platinum Visa credit limit?

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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