Credit One Bank® Platinum Visa® for Rebuilding Credit

Your account is automatically considered for a higher credit limit based on your credit score and payment history with Credit One Bank. But you can also simply request an increase yourself. To do so, sign into your online account at https://www.creditonebank.com and select “Settings” from the site menu. Then press the “Credit Line Increase” button and follow the steps from there. Just bear in mind that you are unlikely to get approved if you haven’t consistently paid your monthly bills on time. Requesting a higher limit can also trigger a hard inquiry into your credit history, which temporarily hurts your credit score. You can learn more about requesting a credit-limit increase here: http://wallethub.com/edu/how-to-increase-credit-limit/25857/. Please let us know if you have any other questions.

It usually takes about 10 business days to get a new credit card once you’ve been approved. Make sure to activate your card quickly after you receive it, as Credit One may automatically close your account for security reasons if the card is not activated within 14 days of being received.

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!

The easiest way to regain spending power is to pay off some of your balance. If you just got approved for a $400 limit, that would have left you with $325 in available credit considering the card's $75 initial fee. If you then made $325 in purchases, bringing your available credit to zero, you would need to make a $300 bill payment in order to regain $300 in spending power. It's also important to note that while some credit cards enable you to pay a fee in order to to obtain a higher overall credit limit, this Credit One Visa is not among them. Cardholders are eligible for credit line increases based on performance (e.g. paying bills on time), but you'll likely need to prove yourself for at least six months before this comes into play.

No, this card does not have a monthly fee. 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. Please let us know if you have any other questions. Best of luck!

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/.

Yes, 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. However, it charges a 3% foreign transaction fee on any purchase that is processed outside of the United States. 

Credit One Bank cards are shipped from Omaha, Nebraska. Please let us know if you have any other questions!