Platinum Visa

The Credit One Bank Platinum Visa is a credit-building card designed for consumers with limited or fair credit who want to establish or rebuild their credit history while earning modest rewards. It offers 1% cash back on purchases in key categories such as gas, groceries, mobile phone, internet, cable, and satellite TV services, making it suitable for everyday essential spending. While the card has no welcome bonus, carries an annual fee that is not waived in the first year, and charges a 3% foreign transaction fee, it includes practical features like the ability to choose your payment due date and credit score monitoring. For individuals focused on steadily improving their credit while earning rewards on everyday expenses, the Credit One Bank Platinum Visa provides a manageable, structured option.

Issuer

Credit One Bank, established in 1984 as First National Bank of Marin and headquartered in Las Vegas since 1998, is distinct from Capital One despite visual similarities in logos. Focused on credit cards, Credit One Bank has garnered a negative reputation due to fees and limited services. While not a global giant, the bank serves millions of credit members across the US, primarily targeting those with poor or no credit history. Offering a range of credit card products, including cash back and points-based cards, along with high-yield certificates of deposit and savings accounts, Credit One Bank is criticized for its fee structure, notably monthly fees on some cards. Despite an annual revenue of approximately $1.5 billion in 2024, the bank's business practices discourage it as a preferred choice. Engaging in corporate social responsibility, Credit One Bank contributes to Affordable Housing & Homelessness, Employment Services, and Financial Education. Forming partnerships with entities like the Las Vegas Raiders, NASCAR, WWE, Vegas Golden Knights, and Best Friends Animal Society, Credit One Bank lacks physical branches, operating exclusively online. Committed to values like Excellence, Ownership, Integrity, and Collaboration, the bank is an FDIC member, ensuring regulatory compliance.

Spending Multipliers

Credits & Features