Credit One Bank Platinum Visa Credit Card Review

Credit One Bank Platinum Visa Credit Card Review

The Credit One Bank Platinum Visa Credit Card is a popular choice among credit card users. We will explore the details of the Credit One Bank Platinum Visa Credit Card and provide a comprehensive guide to its specifications, rewards, cashback, points, benefits, and features.

Receive 1% cash back rewards on eligible gas and grocery purchases and mobile phone, internet, cable, and satellite TV services. We will also discuss the credit score needed to be eligible for this card so that you can decide whether this card is the right fit for you.

So, continue reading to learn more about the Credit One Bank Platinum Visa Credit Card and how it can benefit you. We have covered everything from its perks and benefits to its credit score requirements.

Quick Highlights

• Get rewarded for everyday purchases with 1% cash back on gas and grocery purchases.
• Manage your account easily through the Credit One Bank mobile app, internet, cables, and TV services.
• Protect yourself against fraud with $0 liability.
• Stay informed about your credit score and report summary for free. Terms apply.
• Customize your payment due date to fit your needs. Terms apply.
• Receive real-time updates and notifications about your account through text and email alerts.
• Save everyday purchases with 1% cash back on gas and grocery purchases.

Rewards and Benefits: Credit One Bank Platinum Visa Credit Card

Rewards

• Dining Extravaganza: Earn a whopping 4 points for every dollar spent on dining, takeout, and delivery. Treat yourself to a nice meal out, or enjoy convenient delivery options while racking up points!
• Grocery Guru: Get rewarded for keeping your fridge stocked. Earn 2 points per dollar at grocery stores and even for grocery delivery services.
• Fuel Your Savings: Save on gas or stay charged with 2 points per dollar spent at gas and EV charging stations.
• Entertainment Enthusiast: Stream your favorite shows and movies guilt-free! Earn 2 points per dollar spent on streaming services.
• Everyday Purchases: You won’t miss out on rewards for other spending. You’ll still earn 1 point per dollar for all other eligible purchases.

• Redemption Flexibility: While each point holds a value of 1 cent towards cash back, the card offers an interesting bonus:
• Streaming Service Credit: Pay for streaming services for 11 consecutive months within a year, and you’ll automatically receive a $15 statement credit! This sweetens the deal for those who already subscribe to streaming platforms. 1% cash back rewards on eligible gas and grocery purchases, as well as mobile phone, internet, cable, and satellite TV services (terms apply)

How to Redeem Rewards

Your information about the Upgrade Cash Rewards Visa doesn’t explicitly mention how to redeem your 1% cash back rewards. Here are some possibilities:

• Check your credit card statement: Often, cash-back rewards are automatically applied to your statement as a statement credit, reducing the amount you owe on your next bill.
• Online account management: The snippet mentions a mobile app for account management. You can log in to your online account and see an option to redeem rewards.
• Contact card issuer: If neither of the above works, contacting Upgrade directly is best. They can provide the most up-to-date information on how to redeem your rewards. Their contact information is on the back of your card or their website.

Bonus Offer

You can earn a $15 statement credit every 12 months if you pay for eligible streaming services for 11 consecutive months.

Benefits of Credit One Bank Platinum Visa Credit Card

• Free online credit score and credit report summary: Credit One Bank® Platinum Visa® offers its customers the benefit of accessing their credit score and credit report summary for free. These benefits can help individuals keep track of their credit card health and make informed decisions about their finances.
• 24/7 customer service availability: In today’s fast-paced and highly connected world, 24/7 customer service availability has become increasingly important. With businesses operating globally, customers expect round-the-clock support and assistance whenever needed.
• Custom notifications: payment reminders and fraud alerts With Credit One Bank® Platinum Visa®, customers can customize their notification preferences to receive updates about their account via text, push notification, or email. This feature ensures that customers stay on top of their payments and are made aware of any unusual activity.
• Zero liability and fraud protection: Customers are assured of zero liability for unauthorized charges made using their Credit One Bank® Platinum Visa®. Additionally, the bank offers fraud protection services to safeguard against fraudulent activities.
• Secure access to online account information: Customers can securely access their account information through Credit One Bank’s paperless platform. This makes it convenient for customers to manage their accounts and reduces the risk of sensitive information falling into the wrong hands.
• Mobile banking app: Credit One Bank’s mobile banking app permits customers to manage their accounts anytime and from anywhere. This feature allows customers to monitor their accounts, make payments, and perform other transactions.
• Automatic account reviews for credit increases: As a customer of Credit One Bank® Platinum Visa®, individuals can expect to have their accounts reviewed periodically for credit increases. This feature is especially beneficial for those looking to improve their credit score.
• Optional credit protection: Customers can opt-in for additional credit protection services offered by Credit One Bank®. These services include identity theft protection, payment protection, and more.
• Exclusive discounts from Visa partners: Credit One Bank® Platinum Visa® offers exclusive discounts and benefits from various Visa partners, making it a valuable card to have in one’s wallet.

Rates and Fee

• Rates
• Intro Purchase APR: N/A
• Regular APR: 29.74% Variable
• Intro Balance Transfers APR: N/A

Fee

• Balance Transfer Fee: Up to 3% of the amount transferred (minimum $10)
• Cash Advance Fee: Up to 3% of the amount advanced (minimum $10)
• Late Payment Fee: Up to $38
• Returned Payment Fee: Up to $40
• Annual Fee:$39

Eligibility Criteria

Possible Eligibility Factors

• Credit History: This card likely targets those with a fair or limited credit history.
• Income: A steady income sufficient to meet credit card obligations is likely a factor.
• Debt-to-Income Ratio: A manageable debt level compared to your income might be considered.
• Recommended Credit Score: A Fico Score 540-740 Fair to Good is required for its approval.

Approval Process for Credit One Bank Visa Platinum Card

• Pre-Qualification: Credit One offers a pre-qualification tool that lets you check for potential approval without impacting your credit score.
• Formal Application: If pre-qualified, you must submit a formal application. This will involve a credit check, slightly lowering your credit score.
• Bank Review: Credit One will review your application based on various factors, including your credit report, income, and debt.
• Approval Notification: You’ll be notified of the decision to approve via email or mail.
• Review Credit Report: Check your credit report for errors before applying. Fixing inaccuracies can improve your credibility.
• Consider Alternatives: If you have fair or good credit, other cards might offer better rewards or lower interest rates.
• Pre-qualify First: This helps assess your chances of approval without harming your credit score.

How to Apply for Credit One Bank Platinum Visa Card

1. Pre-qualify (optional): Credit One Bank allows you to pre-qualify for the Platinum Visa to see your approval option without affecting your credit score. Visit Credit One Bank Pre-qualify Criteria and follow the on-screen instructions.
2. Apply online: Head to the Credit One Bank Platinum Visa and apply. They offer different Platinum Visa options, so make sure you’re on the page for the specific card you’re interested in (e.g., Platinum Visa for Rebuilding Credit). Once there, look for the “Apply Now” button and proceed with the application process.
3. Gather required information: During the online application, you’ll likely need to provide:

• • Social Security number
  • Date of birth
  • Contact information (address, phone number, email)
  • Employment information (income and employer)

Review and submit: Carefully review all the information you’ve entered before submitting your application. Credit One Bank will then perform a credit check to determine your eligibility.

Customer Service

• Inside the United States: 1-877-825-3242 (toll-free, TDD/TTY)
• Outside the United States: 1-702-405-2042

Conclusion

The Credit One Bank® Platinum Visa® caters to those looking for a beginner-friendly card to build or rebuild credit while earning everyday cash back rewards. With its 1% cash back on gas, groceries, and common bills, you’ll be rewarded for your regular spending. It also offers valuable tools to monitor your credit health for free. While it may lack the bells and whistles of some advanced cards, the Platinum Visa keeps things simple and focuses on offering a solid foundation for your credit journey.

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