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Credit One Platinum Visa: terms, score and downsides

Not credit advice. Facts and math from issuer pages and the CFPB, each with its date. Offers change; approval depends on your credit. Verify on the issuer's site.

Rubric score 34.7% across 78 cards (limited data). Issuer page ↗

Downsides first

• $39 annual fee (CFPB TCCP; issuer page did not render a clear fee)
• APR up to 30.49% if you carry a balance
• Late fee up to $39
• 1% on eligible gas, grocery, and internet/cable/satellite TV/mobile phone purchases (Credit One Platinum cards page).

Terms & fees

• IssuerCredit One
• Typeno annual fee
• Annual fee$39 (CFPB TCCP; issuer page did not render a clear fee) files.consumerfinance.gov, 2025-12-31
• Regular purchase APR28.74%–30.49% variable files.consumerfinance.gov, 2025-12-31
• Rewards0% base; 1% gas; 1% groceries; 1% utilities creditonebank.com, 2026-10-12
• Sign-up bonus (≈$)not found creditonebank.com, 2026-10-12
• Intro APRnone No intro APR shown creditonebank.com, 2026-10-12
• Foreign transaction feenot found files.consumerfinance.gov, 2025-12-31
• Penalty APRnot found consumerfinance.gov, 2026-10-12
• Late feeup to $39 up to (first and repeat late fee) files.consumerfinance.gov, 2025-12-31
• Balance transfer feenot found files.consumerfinance.gov, 2025-12-31
• Cash advance feenot found files.consumerfinance.gov, 2025-12-31
• Credit needed≤619, 620–719 (CFPB TCCP targeted tiers) files.consumerfinance.gov, 2025-12-31
• Grace period24 days files.consumerfinance.gov, 2025-12-31
• Cash advance APR32.49% files.consumerfinance.gov, 2025-12-31

Complaint record

No CFPB complaint entries found for Credit One Bank. CFPB company search (2026-10-12) for 'Credit One Bank' finds only 'Credit One LLC', a different company; no Credit One Bank entity. FDIC-insured: Credit One Bank, National Association (cert 25620, active; deposits $1.4B as of 06/30/2026)

Score breakdown

• Annual fee 8.0/10Annual fee $39 (CFPB TCCP; issuer page did not render a clear fee) (as of 2025-12-31). Rubric: $0=10, ≤$95=8, ≤$395=5, ≤$695=3, more=1 (perks/credits are not counted).
• Rewards rate 0.5/10Base 0% on everything, top category 1% (as of 2026-10-12; points/miles valued at 1¢). Score = base/2%×7 + min(top,6)/6%×3. 0% base; 1% gas; 1% groceries; 1% utilities
• Sign-up bonus n/a/10not found — unknown, scored 2.7/10 (lower of neutral 5 and comparison median)
• Intro 0% APR 0.0/10No intro APR shown (as of 2026-10-12). Score = months/21×10.
• Regular APR 3.1/1028.74%–30.49% variable; CFPB TCCP range (as of 2025-12-31); midpoint 29.61%. Score = (34 − midpoint)/1.4, 0–10.
• Foreign transaction fee n/a/10not found — unknown, scored 5.0/10 (lower of neutral 5 and comparison median)
• Regulatory record (CFPB) n/a/10not found — unknown, scored 5.0/10 (lower of neutral 5 and comparison median)

0.143×8.0 + 0.143×0.5 + 0.143×2.7* + 0.143×0.0 + 0.143×3.1 + 0.143×5.0* + 0.143×5.0* = 3.47 → 34.7% (* unknown, imputed)

Is Credit One Platinum Visa worth it? (break-even math) →Value for my spending →

Compare with

Credit One Platinum Visa vs Wells Fargo Autograph · Credit One Platinum Visa vs Bilt Blue Card · Credit One Platinum Visa vs Capital One VentureOne · Credit One Platinum Visa vs Capital One Platinum · Credit One Platinum Visa vs Hilton Honors Amex · Credit One Platinum Visa vs U.S. Bank Altitude Go

No paid placement. No issuer pays VaultRubric for inclusion or rank; links go to the issuer's own page. Ranks come only from the published rubric below.

FAQ

What is the Credit One Platinum Visa annual fee?

$39 (CFPB TCCP; issuer page did not render a clear fee)

What is the Credit One Platinum Visa APR?

28.74%–30.49% variable

Estimates, not financial advice. Taxes, insurance, PMI and fees vary by lender, county and city; confirm with your lender, dealer and state agency before acting.