Credit One Bank® Platinum Visa Card Review

This Credit One Bank® Platinum Card is a card that can be useful, but should be handled with extreme caution. Do I have your attention? Let’s proceed. First of all, this is a card focused on folks with miserable credit. The card is marketed as a tool to rebuild deplorable credit scores. And it can! But if you don’t keep up with it, things can be worse for you than they were before. For the right customer, this card can be a strong ally, however. Read on to learn more.

Credit One Bank® Platinum Visa Card Short Review

Credit One® promises to provide premium credit history on your behalf to the 3 Credit Reporting Agencies…if you keep up with your payments. And this shouldn’t be too difficult. The credit limits are very low, designed to allow small payments that can be immediately paid off. If you use the card this way, you will see your credit score rise and all will be well. There may be a charge for the lift to your score. But for many customers, the boost in their credit card is significant and fast. This is the good news.

Credit One Bank® Platinum Visa Card Long Review

I have read a lot of reviews of this card. Customers say it works and they’re happy with the resulting boost to their credit scores. But this is a specific type of customer. People who suffered a catastrophic financial loss and its consequent hit to their credit score are the best candidates. They may already be reliable in their financial lives, their credit score just doesn’t reflect this. For this kind of person, this Credit One® Platinum Visa is a great choice. As a general credit card, it is not the best choice. But then, that’s not what it’s designed for. If a customer deviates from its intended use, fees abound and the interest rates for debt you carry as a balance are sky high.

So have a plan and stay the course. This isn’t a normal credit card. It has a specific purpose. One reviewer compared it to fire: used properly it can warm you and be all the difference in your life; used improperly and it can be very harmful.

Final Thoughts

So I recommend this Credit One Bank® Platinum Card, but only for specific and cautious customers. If you can reliably pay off your balance every month, and don’t mind an annual fee, you can enjoy real growth to your credit score in a short amount of time. This can get your financial life back on track fast. If you are not this sort of person, I would recommend a secured card of some kind. Used properly, this is an effective and legitimate financial product that I don’t mind recommending.


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