Minimum Credit Score Needed 
Bad
Credit One Bank® Platinum Visa® for Rebuilding Credit
Editor’s Take
The Credit One Bank® Platinum Visa® for Rebuilding Credit is one of the best options for a very particular type of person: someone with bad credit who needs what amounts to an emergency loan. If, for example, you need credit to cover the cost of vehicle repairs or unexpected medical expenses that you can’t afford in cash, then paying up to $75 in first-year fees for a $300 initial credit line might actually be the most attractive offer you’re going to get. The ability to earn cash back rewards sure doesn’t hurt, either.
With that being said, if you don’t absolutely need emergency spending power, you’re better off placing a refundable deposit on a secured credit card. You’ll get the money back when you close your account, assuming you’ve paid your bill in full, and you should be able to find an offer with no annual fee. Plus, secured cards are just as good for credit building as unsecured cards.
John Kiernan, Credit Card Editor
Aug 10, 2018
Credit One Bank® Platinum Visa® for Rebuilding Credit Review
The Credit One Bank® Platinum Visa® for Rebuilding Credit is one of the best options for a very particular type of person: someone with bad credit who needs what amounts to an emergency loan. If, for example, you need credit to cover the cost of vehicle repairs or unexpected medical expenses that you can’t afford in cash, then paying up to $75 in first-year fees for a $300 initial credit line might actually be the most attractive offer you’re going to get. The ability to earn cash back rewards sure doesn’t hurt, either.
With that being said, if you don’t absolutely need emergency spending power, you’re better off placing a refundable deposit on a secured credit card. You’ll get the money back when you close your account, assuming you’ve paid your bill in full, and you should be able to find an offer with no annual fee. Plus, secured cards are just as good for credit building as unsecured cards.
- Good way to get an emergency loan with bad credit. Getting an unsecured credit line can be quite expensive when you have bad credit. But that’s less true for the Credit One Visa. There’s no one-time fee for application processing and no monthly fee. And your first-year annual fee will be at most $75 (up to $99 every subsequent year), depending on your creditworthiness. Given that new cardholders begin with a $300 credit line, you’ll essentially be paying as much as $75 for as little as $225 in immediate spending power with the Credit One Bank Card. After all, the first annual fee is assessed when you open your account, thereby reducing the spending power at your disposal.
- Secured credit cards are much cheaper. If you don’t absolutely need an emergency loan or $225 to $300 in spending power isn’t enough for your needs, you’re better off focusing on improving your credit at the lowest possible cost. That means getting a secured card instead of an unsecured offer such as the Credit One Card. Secured credit cards require a refundable security deposit, the amount of which acts as your spending limit. This reduces both your costs and the issuer’s risk. There are a number of secured cards with no annual fee, and opening one will help you improve your credit score to the point where you can qualify for a decent unsecured card.
- The APR varies widely based on creditworthiness. Your rate could be well above 20% with the Credit One Bank Credit Card, especially if you have damaged credit. But if you have damaged credit, you’ll probably be assigned a rate toward the high end of the range. As a result, you should try to pay for your charges as quickly as possible. WalletHub’s credit card payoff calculator will help you make the best plan for your situation.
- Credit-line increases aren’t guaranteed. Credit One Bank says it will consider cardholders for higher credit limits based on their “overall credit performance.” They don’t elaborate about what you need to do or when you can expect a higher limit. Most cards require at least five consecutive months of on-time payments before considering an increase, but you still shouldn’t get your hopes up.
- Rewards aren’t that helpful. The roughly 1% cash back that you will earn on eligible purchases pales in comparison to the rate at which you’ll have to pay interest. And if you really want rewards, you can do better with a secured card.
Aug 10, 2018
Credit One Bank® Platinum Visa® for Rebuilding Credit's Rewards
- Receive 1% cash back rewards on eligible purchases, terms apply
Credit One Bank® Platinum Visa® for Rebuilding Credit's Key APRs & Fees
Purchase Intro APR
Not Offered
Transfer Intro APR
Balance Transfers Not Allowed
Regular APR
19.74% - 25.74% (V)
-
ANNUAL FEE
$0 - $99
Credit One Bank® Platinum Visa® for Rebuilding Credit's Additional Info
-
MAX LATE FEE
$38
-
MAX OVERLIMIT
FEE
None
-
MAX PENALTY APR
None
-
GRACE PERIOD
0 or 24 Days (see terms)
-
ONLINE RESPONSE
Yes
-
CASH ADVANCE
APR
25.74% (V)
-
CASH ADVANCE
FEE
$5.00/8% or $10.00/3%, whichever is greater (see terms)
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FOREIGN
TRANSACTION FEE
3% or $1.00, whichever is greater
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SMART CHIP
Yes, chip-and-signature
- See if you Pre-Qualify without harming your credit score
- Track your progress with free online access to your Experian credit score, terms apply
- Looking to rebuild credit? We report to the major credit bureaus monthly
- Accounts are automatically reviewed for credit line increase opportunities
- Make paying your bill easier with the ability to choose your payment due date, terms apply
- Stay in-the-know with customizable account alerts via email and text
- Enjoy peace of mind with $0 Fraud Liability
at Credit One Bank's secure site
Editor's Pick
Credit One Bank® Platinum Visa® for Rebuilding Credit is an Editor's Pick for:
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If you are interested in the Credit One Bank® Platinum Visa® for Rebuilding Credit, check out the following credit cards as well:
Related Credit Card Categories
Credit One Bank® Platinum Visa® for Rebuilding Credit is related to the following categories:
Customer Questions and Answers
Don't see what you're looking for? Submit your question about Credit One Bank® Platinum Visa® for Rebuilding Credit to our community.
How long does it take for a credit to go on my card Reply
Richard M Joseph III
Aug 11, 2018 · @richard_mj
If you meant a credit limit increase, then it'd take from 5 to 6 months and/or all the way to 12 months depending on your TIMELY MONTHLY PAYMENTS. Consecutive monthly payments have a positive impact on your credit report history. It shows and proves that you're creditworthy and reliable which is something lenders prefer.
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Upvotes
Do I just down load bank app link to set up pin Reply 1
Richard M Joseph III
Aug 11, 2018 · @richard_mj
You can set up the PIN via the smartphone app on either Apple Store or Google Play Store. Or, you can also type the URL address (https://www.creditonebank.com) on your web browser, log in to your account, and go to settings to do so.
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Upvote
How I do to close my Visa credit one bank Reply
Richard M Joseph III
Aug 11, 2018 · @richard_mj
Consider leaving this Credit One Bank account open as it's a great rebuilding credit card. The reason is that if you do close it, you will lose CREDIT AGE or LENGTH OF CREDIT HISTORY which is one of the main and critical factors that lenders check for to determine your eligibility for a higher credit limit or credit request approval. Mine was closed due my negligence. But now, if I do apply for it, I will lose some credit score points that would negatively impact my credit report history. You should keep it!
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what is the minimum monthly payment? Reply
Richard M Joseph III
Aug 11, 2018 · @richard_mj
That's one way for credit lenders to make most of their money. You can choose to PAY YOUR BALANCES IN FULL so you don't get charged COMPOUND INTEREST which is interest on top of interest.
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Upvotes
need to payt my bill dont know how Reply
Richard M Joseph III
Aug 11, 2018 · @richard_mj
If you call Credit One Bank customer service, you will get charged a $9.95 fee. IF your account is still open and active, PAY YOUR BILL IN FULL via the CREDIT ONE BANK app or at https://www.creditonebank.com on your laptop or personal desktop computer or tablet.
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How long do I have to wait to use my Credit One Bank card after I activate it? Reply
Richard M Joseph III
Aug 11, 2018 · @richard_mj
You can use it as soon as possible since you were already given a credit limit of about $300 or more during your application process.
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Upvotes
How long does it take to get my Credit One Platinum billing statement in the mail? Reply
Jake Prowitz
May 26, 2018 · @jake_prowitz
The first one will come about a month after you got the credit card. The next ones will come around the same date, depending on your postman.
If you don't want to wait that long, you can always just check the statement online. Make an account here: https://www.creditonebank.com/account-setup , and you'll be able to get all the details.
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Upvotes
Credit One Bank® Platinum Visa® for Rebuilding Credit Reviews
Share your insights and review the Credit One Bank® Platinum Visa® for Rebuilding Credit.
Aug 11, 2018
When no other financial banking institutions were approving me a credit card due to my history of delinquency of missed payments, closed accounts and credit age, and hard inquiries, Credit One Bank was the third one besides Discover Card and Capital One Bank that honored and approved my credit request for only $300 in 2014. It was unbelievable since it's a CREDIT REBUILDING CREDIT CARD! After 5-6 months of making ON-TIME MONTHLY PAYMENTS to Credit One Bank, I had received a credit limit increase fro free.
But the next eligible ones had fees attached to them which I didn't mind at as my credit limit was climbing to $450, $550, $750 and $950. When it reached $950, that's when I messed up and missed a few payments and went over-the-limit which negatively impact my credit scores that were going up. On top of that, COMPOUND INTEREST (interest on top of interest) was being added making it difficult to catch up bring my balances under $950 as I had MAXED my credit cards which is THE WORST THING ANYBODY CAN DO.
As usual, it takes about 4-5 business days for my payments to be posted on my account. But due to insufficient funds in my checking bank account, one payment was bounced back and charged for it. I received a statement letter warning me that my Credit One Bank will be closed the second time the fund is returned. By the time I was warned, the second payment was bounced back.
When I attempted to log in to my account on my smartphone, it was said that my ACCOUNT had been TEMPORARILY SUSPENDED and to call customer service at 1-877-825-3242. When I did call, I was informed about the warnings which troubled me a lot because I screwed up and lost such a GREAT CREDIT BUILDER CREDIT CARD which I'm still repaying every month since I can't afford to pay it in full yet.
The funny thing is, after I had just signed up for WalletHub, I kept noticing that I have a VERY GOOD APPROVAL ODDS with Credit One Bank Platinum Visa for Rebuilding Credit. LOL I've been so tempted to apply for it, but I already lost 2 points last week after a hard inquiry was done by LendUp for the Arrow Classic Visa card I applied for.
Although I was denied for Arrow Classic Visa Card by LendUp, LendUp suggested that I get educated on how to better improve my credit report history. And I did take its advice and became a Self-Lender on August 8th, 2018 by creating a CREDIT BUILDER ACCOUNT via https://www.SelfLender.com for $48 per month for the next 12 months which will be reported to the 3-credit bureaus and then build up my credit. It's a savings/CD account which build up customers's credit.
I never knew it existed until my denial for credit statement was displayed on the application processing screen last week. One bad thing happened, and a great thing is now happening! I would definitely recommend anyone here looking to improve his/her credit scores to create a Self-Lender Credit Builder Savings Account to change the game. It's a game changer!
In conclusion, I would rate Credit One Bank Visa Card as a 4-star review because it does what it's intended to do. It's just that I failed to keep my end of the deal by missing payments and maxing out my card. The reason the minus 1-star rating is for all the fees and late account closure notification to customers.… read more
But the next eligible ones had fees attached to them which I didn't mind at as my credit limit was climbing to $450, $550, $750 and $950. When it reached $950, that's when I messed up and missed a few payments and went over-the-limit which negatively impact my credit scores that were going up. On top of that, COMPOUND INTEREST (interest on top of interest) was being added making it difficult to catch up bring my balances under $950 as I had MAXED my credit cards which is THE WORST THING ANYBODY CAN DO.
As usual, it takes about 4-5 business days for my payments to be posted on my account. But due to insufficient funds in my checking bank account, one payment was bounced back and charged for it. I received a statement letter warning me that my Credit One Bank will be closed the second time the fund is returned. By the time I was warned, the second payment was bounced back.
When I attempted to log in to my account on my smartphone, it was said that my ACCOUNT had been TEMPORARILY SUSPENDED and to call customer service at 1-877-825-3242. When I did call, I was informed about the warnings which troubled me a lot because I screwed up and lost such a GREAT CREDIT BUILDER CREDIT CARD which I'm still repaying every month since I can't afford to pay it in full yet.
The funny thing is, after I had just signed up for WalletHub, I kept noticing that I have a VERY GOOD APPROVAL ODDS with Credit One Bank Platinum Visa for Rebuilding Credit. LOL I've been so tempted to apply for it, but I already lost 2 points last week after a hard inquiry was done by LendUp for the Arrow Classic Visa card I applied for.
Although I was denied for Arrow Classic Visa Card by LendUp, LendUp suggested that I get educated on how to better improve my credit report history. And I did take its advice and became a Self-Lender on August 8th, 2018 by creating a CREDIT BUILDER ACCOUNT via https://www.SelfLender.com for $48 per month for the next 12 months which will be reported to the 3-credit bureaus and then build up my credit. It's a savings/CD account which build up customers's credit.
I never knew it existed until my denial for credit statement was displayed on the application processing screen last week. One bad thing happened, and a great thing is now happening! I would definitely recommend anyone here looking to improve his/her credit scores to create a Self-Lender Credit Builder Savings Account to change the game. It's a game changer!
In conclusion, I would rate Credit One Bank Visa Card as a 4-star review because it does what it's intended to do. It's just that I failed to keep my end of the deal by missing payments and maxing out my card. The reason the minus 1-star rating is for all the fees and late account closure notification to customers.… read more
Comment
Jul 30, 2018
TERRIBLE! Stay away! DO NOT RUSH IT! This is hands down the WORST card out there. In the process of trying to buy a home, we had to wait over a week for them to fax (because they don't have the foresight to email) a current statement document letter to us. I had to call no less than 4 times because they didn't process the first request. Additionally in order to change my last name when I got married, they wanted me to mail a copy of my marriage licence or driver's license to a PO Box in Las Vegas?! Unless you want to be living in 1999, do yourself a favor and do not get this card. Also, the credit limit is terrible, and zero perks. Go to capital one.… read more
Jul 29, 2018
Credit one is very customer unfriendly if one person makes payments with multiple card accounts in the house you get locked out and the get charged a monthly fee for phone payments, plus onlne when had access could not schedule payments in advance. VERY POOR CUSTOMER RELATIONS WILL BE CANCELLING ALL CARDS, I WAS A CUSTOMER FOR YRS TILL THIS RECENT INCIDENT!!!!
Jul 20, 2018
I just had a question I rush into getting this card not really understanding what I was suppose to look for the card is in the mail to me I’d like to get out of they are charging me a annual fee 75 the first year then after 8.50 a month I was pnly told about the 75. After reading reviews I am so worried. What can do? Please help
08/02/18
Dont activate the card when you get it. They cant charge you if you dont activate it.
Jul 18, 2018
Awful customer service, Keep receiving offers "based on my good credit history with them" that I qualify for a credit limit increase of $150.00. For a fee of $24.95. Are you serious? Never mind the fact that onced charged you're going to be charged interest on the increase fee. Your line of increase just went into the negative.
Jul 16, 2018
It's an average "rebuild your credit" type card - nothing spectacular. I didn't care for the annual fees, however, and I highly recommend paying it off RUSH/STAT/ASAP and getting something better as soon as your numbers improve. I didn't care much for their customer service, either - it was hard to get someone and you spend a large amount of time on hold.
Jul 14, 2018
Warning worst card ever and rude operators and untruthful - they indicate no annuals then on your bill there are annual fees - tell you it is an activation fee then indicate annual fee on statement - card is a joke unless you are desperate for the card - run!!!! The operators are so rude - we are cutting up the card and have reported them to Chase who referred us to them and they are now on Chases - DO NOT SUGGEST LIST - worst card!!! Beware they also stated there are fees if you go over your limit - no warnings - just more fees - I have excellent credit - do not waste your time with this card.....… read more
Jul 11, 2018
All credit cards for bad credit have negative reviews but thats the price you pay. Most of the reviews are from people with bad credit who think they deserve better when they themselves are not responsible and delusional. I read the fine print before getting this card and I have to say this credit card has been good to me. The thing is CreditOne is very pro active on getting your credit score going up and compared to the more larger credit card companies i have used they don\'t do very well on reporting to all 3 credit bureaus, how bizarre is that. That said, CreditOne is one of the fewest for Bad Credit credit cards that offer at least some type of rewards like 1% cash back. Sure It\'s not the greatest but it definitely reduces the yearly fee when you use it right. I always pay less then 30% of my credit limit and i always pay it in full never monthly. Some people think it\'s better every month but thats not the best way due to the fact you\'ll pay interest with any type of credit card only if your very tight on budget.… read more
Jul 05, 2018
My wife opened an account and didn’t see the fee associated with the card. When she got the bill she saw the fee. She called to cancel and was berated and chastised by the people on the phone. “Next time you should open your eyes” is an exact quote.
07/08/18
Fee glad i read your review first before I signed. I got great credit. I don’t need this bs glad for your help Man...
Jun 29, 2018
For what the card is meant for (rebuilding credit) I really have no issues and that\'s saying something when it comes to credit cards. Started with a $300 line of credit and have received 2 $250 increases since I got it last year. Online payments are easy and everything is right online. Use it, pay your bill and grow your score. It\'s worked for me. Obviously, this card is for a specific type of person and everyone should always do their due diligence.… read more
Jun 29, 2018
Honestly I\'m repairing my credit....as of today all three Fico scores are between 670is-710. Got this card simply because I\'m trying to increase my total credit limit which is now at 3000$...which isn\'t bad over the course of a few months lol. So far I\'ve had no issues with the card, I read all of the fine print so I know what to expect. Just got my first statement and there\'s no hidden fees no crazy charges or anything...literally it\'s exactly what I\'ve spent on it...the annual fee and like .2% internet charge if that lol. There\'s no monthly fee on here and I just paid my bill with no issues. It\'s not even due until the 17th of next month but I decided to pay it early for the heck of it. Went smoothly with no issues. Website is a little wonky but that\'s nothing to cry over. I\'m happy.… read more
Jun 23, 2018
The negative reviews on here are either from those that are incompetent of reading the details before applying for a card or they are from angry competitors. Here is my deal - I originally was checking my credit score on free credit report (dot com) and there was a suggested ad for this card. (Credit One) I will not lie, but I thought it was Capital One because of the close logo and name. Oops....there I go being incompetent of reading and paying attention. I will be honest again. I was approved for $400 and this is when I realized that I signed up with Credit One; not Capital One. I ran right to google and began reading reviews. I thought I for sure screwed up by doing this one. As it turns out, I have had this card now for 6 months and I have had ZERO (YES, ZERO) issues. I can use the app to pay my bill, view my transactions and connect with customer service if need be. I have never had any funky charges nor have I had anything negative. If you pay your bill ON TIME, you have nothing to worry about. If you do the rush payment, you will have a fee. This will allow you to pay a fee to get your funds sooner. Here is another issue. This is a credit rebuilding type of card. If you max out and need immediate funds and you want to cry about it, you probably should not have dug yourself into a financial hole to start with. This is NOT a bad card. If you want lower APR, no annual fees, no rush payment fees (etc etc), then fix your credit and pay for your needs in life with cash. Problem solved. If you are unable to do that, then this is an excellent card to get your butt back in gear.
Sincerely,
A HAPPY Credit One Customer… read more
Sincerely,
A HAPPY Credit One Customer… read more
Jun 23, 2018
If I could give negative stars I would these guys are a joke I had the card a week made my payment for the 75 in full it got returned as put in a debit card number instead of bank account then I do Express pay costs me 20 bucks but wtvr don\'t gotta worry about it this way I pay it comes out of my account they report I paid to CK and wallet hub them they close my account ( I was gonna close anyways after this Express pay B\\\'s) so I call him up and the guy argues for ten minutes that no money was taken from my account I them asked him why did my balance drop 75 and you report an on time payment he backpaddled and amazingly found my money them he has the nerve to say well good news I can reinsrltate your account and. 200 ci lmfao uhhhh no then we get into the money I paid I never used the card and they canceled I paid my payment on time I want my money well let\\\'s just say that I win gonna take 30 days to get a check run run far away from these crooks my buddy warned me I\\\'m like na I\\\'m Mr responsible these days no issues well these crooks set u up to fail takes a week or ten days to clear your account after you poat your parent or pay there crazy express fee and if you do it on Friday they won\\\'t accept tell Monday night there is much much better cards with capital one or Wells Fargo secured card there is much better options these guys have to high of a risk for me missing a payment damaging my credit I have worked so hard to rebuild RUN RUN RUN you well thank me later… read more
Jun 19, 2018
Hello everyone, I am new to this game of credit but I am trying to get a credit card with a score of 635 and it keeps going up because I keep my payments on time with Fingerhut. This company has been great to me and my credit. Do anyone have any more advice about a credit card? Never had this card before but wouldn't mind getting it if it is a good card to get with my credit score. I need some more advice first.… read more
07/08/18
Sister Girl , don’t relie on any of these old Crackers .do your own homework yourself .one dude says yeah good other says no .we don’t know who is telling the truth . Don’t want to get into trouble like that one dude .about his bank account ,we don’t know the truth .i ahaha don’t know
06/29/18
I had a similar score to yours when I first applied. They gave me a lower limit at first and then increased it twice as I made timely payments. I've had no issues to far. It's really a great card for people trying to rebuild credit who can make payments on time.
Jun 05, 2018
If there is a balance Annual/Monthly membership Fees are assessed even after account is closed. When making payments always pay more than minimum, half goes to interest. With interest rates, fees, and balance you'll never pay it off. Don't do it!
06/12/18
Just utilize your credit responsibly and you would not make negative comments like that because of your own irresponsiblity.
Jun 04, 2018
The main website is fine but as soon as you log in your account will almost always crash when its time to pay! Sad they can't fix something so simple! A way to get extra changes from people? Wouldn't be surprised!
Jun 02, 2018
Good card if you’re desperate. You can never have a zero balance because they charge your monthly fee the day they report your balance. You’re charge interest on every purchase because they don’t offer a grace period. Everything has a fee for this card. You have to pay $20 when you get offered a credit limit increase. Positive note is that they consistently offer credit limit increases. I only use the card to increase my overall credit limits, only paying the monthly fee every month.… read more
May 18, 2018
I would give this card "5" Stars. It very simple and straightforward. The website is user friendly. I like the various credit card choices. Credit One reports to all "3" credit bureaus instantly. I received a CLI after 30 days.
May 12, 2018
Since getting their card my score has increased by at least 40 pts. I started off with a limit of 300.00 and after 6 months of monthly card use I was given a credit increase of 200.00. Now I\'m currently waiting on their platinum MasterCard with a beginning limit of 800.00.
May 11, 2018
I have been fortunate to not have some of the issues that other reviews have reflected. I do agree with the horrible customer service, and inconsistency of the representatives. I was told after 7 months of never being late and actually paying the account to a zero balance that I would have a CLI credit line increase in 72 hours. % days later I went into my account to see and nothing was there. When I called in the rep gave me another bs story and told me to wait 48 hours. Needless to say the reps are not trained and I am sure they're working from a call center overseas. Lying to your customers will always keep them coming back, (Sarcasm). If you can avoid this card and obtain a Capital One card, you should do so. I opened both accounts at the same time and Cap One has already given me 2 CLI's. Credit One is horrible, please avoid at all costs.… read more
Apr 27, 2018
They started billing me bills before I even active this card. I didn’t active this card but somehow I need to pay maintenance fee ? When I called they said I agreed to their terms when I applied a card really ? I didn’t have to sign anything neither was I explained anything yet I agreed to that ? From my understanding if I don’t active a card then I wouldn’t be able to use it therefor I won’t be billed. People don’t be careless like me. Apply your credit card with big banks.… read more
Apr 27, 2018
Please be aware of this Credit Card issuer and read your fine print! This is not Capital One, or an affiliate of any reputable bank. (Please do your research on this company and the terms)
Let me explain why this is not a solid choice for anyone, even if you have little, no or bad credit:
1.) This bank appears to be using a logo that mimics that of Capital One. Capital One is not affiliated with this bank, and I'm not sure how Credit One Bank has not been sued on the grounds of copyright. Either way, be warned of this scammy tactic!
2.) You will be paying interest in a very secretive and un-ethical manner:
-When a charge posts to your account, that is day 1. Day 1 is when intereres begins to accrue.
-Any ethical bank will charge you inters test if you have not paid your balance in full from the previous month's statement.
-This little devil of a clause can be found in the fine print. Get out your magnifying glass! :-P
3.) Credit One Bank feeds on the bottom-of-the-market credit qualifiers who are not aware of credit terms or; have lost their chance with other banks.
-A better option would be a secured credit card with a nice $500-$2500 limit.
-Discover, and other banks, offer fee free secured cards and even offer you 5% cash back! (Do Some Research, Please!)
4.) The fees will sneak up on you and cause your credit to either go down to worse from bad, or you will realize that you're spending a ton on interest and that yearly fee.
-This renders he rewards useless. Don't use this card!
-Try Capital One's Quicksilver One to earn a flat 1.5% and a $35 / year fee. If used heavily enough, the rewards greatly negate the yearly fee. (Quickly too!)… read more
Let me explain why this is not a solid choice for anyone, even if you have little, no or bad credit:
1.) This bank appears to be using a logo that mimics that of Capital One. Capital One is not affiliated with this bank, and I'm not sure how Credit One Bank has not been sued on the grounds of copyright. Either way, be warned of this scammy tactic!
2.) You will be paying interest in a very secretive and un-ethical manner:
-When a charge posts to your account, that is day 1. Day 1 is when intereres begins to accrue.
-Any ethical bank will charge you inters test if you have not paid your balance in full from the previous month's statement.
-This little devil of a clause can be found in the fine print. Get out your magnifying glass! :-P
3.) Credit One Bank feeds on the bottom-of-the-market credit qualifiers who are not aware of credit terms or; have lost their chance with other banks.
-A better option would be a secured credit card with a nice $500-$2500 limit.
-Discover, and other banks, offer fee free secured cards and even offer you 5% cash back! (Do Some Research, Please!)
4.) The fees will sneak up on you and cause your credit to either go down to worse from bad, or you will realize that you're spending a ton on interest and that yearly fee.
-This renders he rewards useless. Don't use this card!
-Try Capital One's Quicksilver One to earn a flat 1.5% and a $35 / year fee. If used heavily enough, the rewards greatly negate the yearly fee. (Quickly too!)… read more
Apr 27, 2018
My credit was shattered (my fault). Filed for bankruptcy in 1996. 10 years later cant get a card. No big deal , i\'m not worried about credit, I dont need it. Trying to put my mistakes behind after 10 years. 2006 bankruptcy over. Credit offers galore. applied for a few cards ,got it. $ 2000---$3000 ---$1500 and more. Same mistakes (yes I have a problem) dont ask.collection agencies after my a-&*. Credit score shattered again. Can\'t file for bankruptcy again. Now I desperately need good credit . Applied for a few more cards. denied. Credit shatterd more. The more I applied the more my credit getting worse. We all know the threats and what these credit cards can do to us? Garnish wages , 1099 c (IRS) etc.( and they can do it). I started paying off these agencies and cards (seriously). scores went up.
Crditone took the risk and send me an offer. (finally I have an offer in my box.) All fees are up front. Whatever it is , they are up front. Got a $ 500 limit . Score went up again.
No problem at all. Apps are awesome, easy to use.
Up front fee$75
Credit line $425, I used some credit. Balance $ 275
Made a payment Regular? 7 days to post. express? $ 10 fee will post next day. again they are up front.
I choose regular paid $100. My balance showed the next day $$125 and as paid.So it will take 7 days for the 100 to show up. Big deal.
What is the complain here? It\'s our bad habits that brought us to this site . Creditone took the risk to send us their offers or card. It\'s a choice if you want to accept it or not. My score jumped again.
We all learn from our mistakes, and dont want to repeat. I will respect their $ 500 limit and pay on time and keep a low balance .Thank you credit one for given me an oppurtinity.
I do save a lot$$$$. By speaking directly to all the creditors I owed , made some great deals. Some accept a settlement for half , some deletion , some stayed but showed as paid in full .We have to accept our faults and call and make arrangements, it works. But you need to pay your debts.
Thank you credit one.… read more
Crditone took the risk and send me an offer. (finally I have an offer in my box.) All fees are up front. Whatever it is , they are up front. Got a $ 500 limit . Score went up again.
No problem at all. Apps are awesome, easy to use.
Up front fee$75
Credit line $425, I used some credit. Balance $ 275
Made a payment Regular? 7 days to post. express? $ 10 fee will post next day. again they are up front.
I choose regular paid $100. My balance showed the next day $$125 and as paid.So it will take 7 days for the 100 to show up. Big deal.
What is the complain here? It\'s our bad habits that brought us to this site . Creditone took the risk to send us their offers or card. It\'s a choice if you want to accept it or not. My score jumped again.
We all learn from our mistakes, and dont want to repeat. I will respect their $ 500 limit and pay on time and keep a low balance .Thank you credit one for given me an oppurtinity.
I do save a lot$$$$. By speaking directly to all the creditors I owed , made some great deals. Some accept a settlement for half , some deletion , some stayed but showed as paid in full .We have to accept our faults and call and make arrangements, it works. But you need to pay your debts.
Thank you credit one.… read more
06/01/18
are you speak directly to the collector or the creditor? As I know the creditor will transfer you to the collection agency not them because they already sold your debts. They give you a written that they will delete your debt in three huge credit bureaus? Please reply.
Note: went you apply to credit one did you avail there Credit protection program? Me, I got a pre approved in Credit1 and until now I don't get their feedback and it's almost one month now.… read more
Note: went you apply to credit one did you avail there Credit protection program? Me, I got a pre approved in Credit1 and until now I don't get their feedback and it's almost one month now.… read more
Apr 27, 2018
I had this card for over 8 years with zero problems. Then one day I was checking the account on line and noticed that a payment for the entire balance of $1650 was scheduled in 2 days. I had to go to my bank and pay a stop payment fee of $20, because CreditOne rep told me they could not stop the payment. On their site you cannot change or stop a payment once it is put into the system. I did not schedule the payment, my checking account balance was $250 and I had made a $200 payment for that month and no payment was due. The bank said someone in my house had to of set up the payment, what a bunch of crap. I paid the account off and closed the account the next month.… read more
Apr 19, 2018
I’ve only had this card for a little over a month so obviously this may change, but so far everything has been great. There is a $75 annual fee that is charged to the card when you get it, so just be prepared to pay that as soon as you get the card to avoid interest or showing a higher balance than you’d like. I used this card a few times for things like gas then paid it in full immediately afterward so the balance stayed at $0, and have had no issues. I got my first statement a few days ago (no interest, no weird fees, etc like other people claim) as well as a $150 Credit line increase at no charge to me.
I have dealt with customer service once to ask a question about the app and had no issues.
Just remember, this card is to rebuild bad credit, so don’t buy anything you don’t have the cash for, and don’t carry a balance. The APR is high because this is a “last resort” card for high risk people, so if you don’t want to pay the high interest then don’t carry a balance.
When I first got the card, my score was almost 560 and it has already gone up to 587. Be responsible and this card will help rebuild your credit :)… read more
I have dealt with customer service once to ask a question about the app and had no issues.
Just remember, this card is to rebuild bad credit, so don’t buy anything you don’t have the cash for, and don’t carry a balance. The APR is high because this is a “last resort” card for high risk people, so if you don’t want to pay the high interest then don’t carry a balance.
When I first got the card, my score was almost 560 and it has already gone up to 587. Be responsible and this card will help rebuild your credit :)… read more
Apr 19, 2018
PISSED TO THE MAX!!!I really rate yall a ZERO! I've been having my card for a year. Off top I was hit with the annual fee.. ok cool, paid it.Then I was charged a late fee because I didnt pay .39cents. ARE YOU KIDDING ME!!! Im getting charged $36-39 over .39cents....RIPOFF.(fast forwarding) So, yesterday I paid 350.00 to bring my account current but before I paid it, I asked the rep will my card be reopened (was closed due to hard times) he said yes, just call back the day after funds clear and we can reopen the card. Cool! Called back and rep said account doesnt qualify for reopening. WTF!! I paid 350 bc I was told it could be now yall telling me something different. I wouldnt have paid that much if I knew the account couldnt be reopened. Now they keep calling me since I sounded off on three of they reps. Credit One Bank needs to do better with standing by their word. Its not cool at all. Paid remaining full balance and cut up card. Never again will I fool with them.… read more
Apr 16, 2018
One of the first companies to give me an unsecured credit line. After about a month or so, they gave me a $150 increase. I\'ve had a couple of little issues with them, but nothing serious. It\'s definitely building my credit.
04/16/18
I got approved for a $300 limit and I hope it will help improve my score. How long did it take for you to receive your card in the mail?
Apr 06, 2018
I am trying to restore my credit so accepted an offer for this card, which charges very high interest, with the plan of paying it off each month and not incurring any interest charges. The first month I pay the balance in full, and then see that I have been charged interest. I figure it\'s an issue of timing, so I call and ask on what date the balance needs to be zero to avoid incurring interest. The rep gives me a date and credits me back the interest; so far so good. The second month I make sure that the balance is zero on the designated date, and guess what? I\'m charged interest again. I call again, and this time the rep tells me that there is no way to avoid paying interest even if I pay off the card each month. They charge interest on your \"average daily balance,\" with no grace period. The rep\'s helpful solution: if I don\'t want to see interest charges show up after I\'ve paid the bill, call them first and they\'ll tell me how much interest to add onto my payment. Um, can you say \"completely missed the point\"?? I get that I can expect to pay high interest rates if a balance rolls over from month to month because of my credit rating, but to screw over the folks who can least afford it by employing practices that I\'ve never encountered before even with cards targeted to people with bad credit, is despicable. If you pay off your balance, you shouldn\'t have to pay interest. The credit card makes money from the vendors who accept the card. Consumers who pay off their balance each month should be rewarded, not taken advantage of.… read more
Mar 21, 2018
Credit ones a joke filled out for application last years approved, Then they needed me to send ID SS and Proof of Address send it all in with priority mail, they receive it application once again says approved. 2 days later they need my Birth Cerf, all this for a 300 limit lol I told em to shove it I don’t want their card. Never received a card or anything from them. Now They say I have a closed account with a Balance owed wtf are you kidding me? Idk how to take care of this now… read more
03/31/18
Credit ones a joke filled out for application last years approved, Then they needed me to send ID SS and Proof of Address send it all in with priority mail, they receive it application once again says approved. 2 days later they need my Birth Cerf, all this for a 300 limit lol I told em to shove it I don’t want their card. Never received a card or anything from them. (THE SAME THING IS HAPPENING TO ME NOW I UNDERSTAND, BUT THEY ARE TELLING ME THERE A SUSPICIOUS FRAUD ALERT ON MY CARD AIN'T THAT A JOKE?… read more
Mar 20, 2018
I have been reading all these negative reviews. I my self have never had any issues. Most complaints are from people who dont read their disclaimers. Come on nothing is hidden they disclose everything ,is up to you to accept the terms . They dont put a gun to your head and force anything that u have to do. This card is what it is to help . Dont be acting like you have perfect credit when you dont . The price you pay is what you get because you deserve it . Credit one gives everyone a hand and we all have the option to accept or decline . Stop been babies suck it up . If you messed up your own credit its your own fault. Thet have great customer service and are very respectful when you give them the same courtesy. My score has gone up frtom 485 to 695 in a year . No complaints here just pay your damm bills . Stop crying .… read more
03/26/18
I agree...got this card last year... I have used it several times and pay off the balance in 3-4 months and repeated. They have raised my credit limit 3 times in the last year and a half and my credit score has gone from a 470 to a 689. The trick it your credit limit ratio. Which is your available total credit of all your credit cards minus what you owe. High limits and low balances along with activity keep your score high... Keep it up... I will race you to 800.… read more
Mar 17, 2018
They were the first company to give me a credit card when I started rebuilding my credit and I just got an automatic credit line increase without having to ask at about 6-7 months. I now have brought my score up almost 100 points and won't close this card because it's my oldest credit card. I have got several other cards now with much higher limits but am happy they were the first to give me a chance. I haven't had any trouble with making payments very easy on their mobile app so it's easy to get them in with plenty of time before due date.… read more
Mar 10, 2018
This card has no grace period. If you have just received a discharge from a bankruptcy, you will probably know that this means that interest starts accruing \'the moment\' you make a purchase, not after you do not pay off your bill completely each month. This is a horrible way to start rebuilding credit. One of the key practices for those of us rebuilding credit is use it properly, one primary way is to use credit cards as charge cards, i.e., pay them off every month. The credit company\'s make plenty off of the vendors you buy from, charging interest without a grace period is greedy very unhelpful to those of us getting back on our feet after a BK. I suggest avoiding this company.… read more
Mar 07, 2018
The worst credit card ever, no good English speaker, complicated answers, cheating on the annual fee, the wrong way to get customers....
awful!!! I just throughout the card... The worst credit card ever I had!
awful!!! I just throughout the card... The worst credit card ever I had!
Mar 07, 2018
I had this card less than a year to help build my credit after my divorce. I called today to pay it off and close the account since I\'m now getting better offers. The representative explained that I would owe an additional payoff amount. When I asked why the discrepancy and asked to speak with a supervisor, he curtly told me that was the amount I needed to pay because the interest keeps adding to the account every day. Well, DUH!!! But I countered how could I be charged additional days when I am paying the balance today and closing the account today. I was so frustrated after going back and forth with him that I gave in. I also had to pay an additional $9.95 fee to expedite the payment so that it posts today. WHAT. A. RIPPOFF. I have also closed a couple of other credit card accounts in the last few days and those companies kindly removed an annual fee that was recently charged and/or removed other fees to assist me in closing those accounts. I also never had to pay an additional fee to have my payment post the same day. I recommend other banks to build your credit, such as First Premier Bank, Continental Finance, or First National Credit Card. Stay away from this company!!!… read more
Mar 03, 2018
Rip off! They are as low as can be do not apply trust me. I now have to fix the mess I now find myself in because of them. They will even charge you for a credit increase to be billed to your card yup find a legitimate credit card company to build your credit up.
Mar 02, 2018
`I got this card May 2017 six months after my chapter 7 discharged. My initial CL was $500 7 month later they increased it to $700. In November 2018, I’m believing to be able to purchase a home. My score now is 683, 682and 678. Oh and when I got the card I think It was 606, 582, 550. The reason I filed bankruptcy was due to a job loss and just life. Sometimes things just happen that is beyond our control. However, I’m thankful for this card, monthly I pay the balance down If I use it. I do understand the purpose of this card was to just build my credit. Once I get my house I will more than likely close the account. If you are trying to build your credit I would recommend doing the prequalification sites for cards that don’t pull your credit. That’s my story be blessed all. Oh I almost forgot I have a Merrick Bank Card and I love it. Try them,,,,,,,… read more
Feb 10, 2018
I like having the opportunity to rebuild my credit...many people believe this is owed to them, however I am of the belief that its a privilege to be given a 2nd chance. The cost is really only the cost of the annual fee if in fact I'm really working on rebuilding because essentially there is no interest fees by paying the bill by the due date. I've not yet been given an increase in my credit limit but figure it will come sooner than later.… read more
04/06/18
You're mistaken; you pay interest on your average daily balance even if you pay off the balance each month.
Jan 16, 2018
i had this card for about a year. i took out a loan to pay the card off. my bank sent the check to the wrong account. customer service would not help us to get the check put into the correct account. We talked to multiple people until they would hang up on me and my bank. We sent them a copy of the check 3 times and they told us everytime they never received it. So, after about a month and a half of dealing with this nonsense. The lady at my bank called a friend at the actual bank for credit one even though they are not affiliated and somehow got the check into my account. So, immediately after i cancelled my card in August 2017. After thinking the nightmare ended. I started receiving phone calls from credit one. I looked online and they reversed the check and said i owed the full amount that was paid off, this was the beginning of January 2018. My bank could do nothing but send a copy of the check again. I'm still waiting on this to be taken care of. Talk about a nightmare!! I'm not sure how this legal and where the money went. NEVER GET A CARD FROM CREDIT ONE.… read more
Jan 12, 2018
I am so frustrated because I paid off my entire balance a month ago and keep getting charged more money. If the balance is paid off how can interest just keep popping up!! I wouldn't be so mad if they actually had a customer service line to call!! I found out that to get any info at all on this I have to mail a letter. How can anything get resolved in a timely manner by writing a letter??! Horrible service and they charge you for nothing. Capitol one is better. Better service too.… read more
Dec 28, 2017
I would have given 0 stars but that’s not an option! My review... RUN!!! This card is crap! My husband just got the card 3 days ago only used $40 and have already been slammed with a $75 yearly fee! We are planning on paying what we used and canceling the card! Save you’re self the bs. Their are much better ways to build credit!
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Last updated on: August 10th, 2018 at 20:56
Editor's Pick
Credit One Bank® Platinum Visa® for Rebuilding Credit is an Editor's Pick for:
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WalletHub is an independent comparison service.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not issuer’s responsibility to ensure all posts and/or questions are answered.
Offer last updated: Aug 10th, 2018 at 20:56 ET