Credit One Bank® Platinum Visa® for Rebuilding Credit

The Credit One Platinum annual fee is $0 - $99.

The annual fee (if applicable) will be billed to your account when it’s opened and will reduce the amount of your initial available credit. Furthermore, you won’t have to pay any interest if you pay your balance in full each month.

Yes and No. You should be able to use your card basically everywhere that takes plastic, with the exception of automated payment machines, such as the kiosks in train stations and self-serve gas pumps, which only accept chip-and-pin cards. The fact that this card uses chip and signature security is not the main reason why you should question bringing it abroad, however. It charges a 3% foreign transaction fee on any purchase that is processed outside of the United States, which could significantly inflate the cost of your trip. You should still make sure to have a credit card when traveling, though, both for security and because credit cards charge far lower exchange rates than you'd get when exchanging actual U.S. dollars for Euros at a bank or airport kiosk. None of Capital One's credit cards have foreign transaction fees, for example, which means the Capital One Secured MasterCard ( https://wallethub.com/d/capital-one-secured-credit-card-383c/ ) and the Capital One Platinum Card ( https://wallethub.com/d/capital-one-platinum-83c/ ) could be options. Let us know if you have any other questions, and have a great time!

Unfortunately, the issuer does not disclose this information, so there is no way to know for sure. Plus, a lot depends on the nature of your initial performance with the card as well as market conditions. With that being said, it’s unlikely that your first credit-limit increase will be at all sizeable, so you shouldn’t expect a bump of much more than $50-$100. Sorry we couldn’t be of more help.

This card is intended for people with bad credit, which means anyone with a score in the 300 - 639 range has a good chance of getting approved. But with that being said, approval isn’t as guaranteed as it would be with a secured credit card. What’s more, your credit score isn’t the only factor that lenders consider, as your income and existing debt obligations will also be evaluated. If you’re interested in tracking your credit-improvement progress, you can get free credit scores updated on a daily basis on WalletHub: https://wallethub.com/free-credit-score/.

You should be able to use your Credit One Platinum card basically everywhere that takes plastic, as it is a Visa.

However, it's a chip-and-signature card and vending machines and automatic payment services for travel tickets or gas won’t work with it. Don't worry though, because you should usually be able to find a staff member to process your transaction if you’re at a gas station or buying a train ticket for example.

Please note that the Credit One Platinum charges a foreign transaction fee on any purchase that is processed outside of the United States, so you may want to get a no-foreign-transaction fee credit card instead. 

Alternatively, using a debit card can be a better option if you intend to mainly pay using your card, or take cash from ATMs. You can benefit from reduced fees or even no fees at all.

You can technically get a Credit One Platinum cash advance as soon as you receive the card, but you will first need a PIN. You can obtain that by calling customer service at 877-825-3242 or by clicking on the “Request a PIN (Personal Identification Number)” link on the “Update My Info” page of the Credit One website.

Just keep in mind that cash advances are expensive, as you will incur a cash advance fee and interest will begin to immediately accrue on your withdrawal.

You can use this card for purchases too, everywhere VISA is accepted.

Your cash advance limit should be listed on your statement or in the materials mailed along with your card. Credit One’s customer service department should also be able to tell you, and they can be reached at: 877-825-3242. However, please make sure to note that cash advances are quite costly. You can learn more about cash advances here: http://wallethub.com/edu/credit-card-cash-advance/25829/ Please let us know if you have any other questions!

You can make up to 4 electronic (internet) payments within 1 billing cycle. For security reasons, Credit One Bank has procedures in place to restrict the number of electronic payments that may be made within a rolling 30-day time period. You can also send a check, pay by MoneyGram or Western Union money order, or use Express Payments (for a fee of $9.95) to pay over the phone. There are no restrictions on the number of payments you can make using those methods. Hope this helps!