Credit One Bank® Platinum Card Review
Credit One Bank is one of the leading issuers of Visa credit cards specifically designed for consumers who need to build or rebuild their credit. As a cardholder you get to see your credit score for free each month. Having access to your credit score can help you stay on top of your credit and avoid surprises.
Applicants should have a credit score of 500 or higher for a better chance of approval, although this is not required to apply. Generally credit card issuers base their decisions on a variety of factors when deciding to approve applicants.
Cardholders earn 1% cash back on gas purchases. There are no limits to the gas rewards you can earn.
Consumers can get pre-qualified or apply for a credit card without affecting their credit score. This is great for consumers trying to rebuild credit as one hard inquiry (credit pull) can take 3-6 points off your credit score. Cardholders can visit the Credit One’s Design My Card lab to choose the look of their credit card.
Free Credit Score
Cardholders get access to monthly credit score tracking. The score tracking feature allows you the opportunity to track your credit score with up to 12 months worth of data, including a monthly summary of your credit report and information about the factors that impact your score.
Reports to Major Credit Bureaus
Your payments are reported to all three major credit bureaus, Experian, Equifax and Transunion.
There is an opportunity to rebuild credit with this Card. With on-time payments you will be on the road to a better credit history and credit score. Automatic reviews for credit line increase opportunities!
There is an annual fee ranging from $35-$99.
Tips to Manage New Credit
When rebuilding credit apply for new credit sparingly. A few credit cards can help you establish a solid credit history. Once your credit scores improve you will be qualified for credit cards with better rewards and no annual fee.