What is a credit one platinum card?
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What does a platinum Credit One card mean
Credit One Bank® Platinum Rewards Visa Rewards
The card earns 2% cash back rewards on eligible gas and grocery purchases as well as mobile phone, internet, cable, and satellite TV services and 10% cash back from participating More Rewards retailers. It does not earn rewards on other spending.
What is the credit limit on the Credit One platinum card
How the Credit One Bank Platinum Visa for Rebuilding Credit Stacks Up
| Credit One Platinum Visa | |
|---|---|
| Annual Fee | $75 for the first year, then $99/year |
| Rewards | 1% cash back on select purchases, up to 10% back with eligible merchants |
| Credit Limit | $300 minimum, $1,500 maximum |
| Automatic Credit Limit Increases | Yes |
What is the difference between a platinum credit card and a regular one
Meanwhile, a platinum credit card is typically a provider's top-tier rewards credit card that comes with benefits that you normally wouldn't find on a standard or gold card. These cards typically have higher interest rates and are thus geared toward individuals who are able to pay off their balance in full each month.
Is Credit One platinum credit card unsecured
The Credit One Bank® Platinum Visa® for Rebuilding Credit is a pretty good unsecured credit card for people with bad credit. The Credit One Visa Card can be worthwhile because it gives users a $300 initial spending limit, with no security deposit needed, in return for up to $99 in annual fees ($75 the first year).
How long does it take to get Credit One platinum card
It usually takes about 10 business days to get a Credit One credit card once you've been approved. Make sure to activate your card quickly after you receive it, as Credit One may automatically close your account for security reasons if the card is not activated within 14 days of being received.
What credit score is needed for a Credit One card
300-700
The credit score you need for a Credit One credit card is at least 300-700, depending on the card. Credit One credit cards are available to applicants with credit scores ranging from bad to good or better. So, it's possible to be approved despite having a damaged credit score or limited credit history.
How often does Credit One increase your credit limit
once every six months
For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company. Credit One will increase your credit limit no more than once every six months.
Who qualifies for a platinum card
On average, Amex Platinum and Amex Business Platinum cardholders tend to have high incomes. However, a high income is by no means a requirement. We recommend that your annual income be at least $50,000 or higher before applying for the Amex Platinum.
How much money do you need to have a platinum card
If you make nearly $100,000 a year and have good credit, you should have no issue getting approved. But, applicants with annual incomes as low as $40,000 have also been approved if they have a low debt-to-income ratio and pay their other credit cards in full every month.
Is Credit One for bad credit
Credit One credit cards are available to applicants with credit scores ranging from bad to good or better. So, it's possible to be approved despite having a damaged credit score or limited credit history.
Does Credit One Platinum do a hard pull
However, if you don't qualify for the Credit One Platinum No Annual Fee card, Credit One may send offers for one of its other credit cards. Like other card issuers, Credit One performs a hard credit inquiry to determine your eligibility and interest rates.
Is it hard to get approved for a Platinum Card
Yes, it is hard to get the American Express Platinum card because applicants need a 700+ credit score and a high income to qualify for approval. But if you have at least good credit and make a lot of money, you have a decent shot at getting approved.
Is there a monthly fee for Credit One Platinum Card
Rates and fees
Although it doesn't require a security deposit, the Credit One Bank Platinum Visa for Rebuilding Credit is far from a low-cost card. The biggest potential cost to consider is the annual fee: $75 for the first year, then $99 per year after (billed at $8.25 per month).
Is it hard to get approved for a Credit One card
The credit score you need for a Credit One credit card is at least 300-700, depending on the card. Credit One credit cards are available to applicants with credit scores ranging from bad to good or better. So, it's possible to be approved despite having a damaged credit score or limited credit history.
How much will Credit One approve me for
Credit One Bank credit card FAQ
If approved, the minimum credit limit is $300. Your credit limit amount depends on your financial history and creditworthiness at the time of your card application. Credit One does not publicly disclose a maximum credit limit for any of its cards.
How much should I use at the $2000 credit limit
According to the Consumer Financial Protection Bureau, experts recommend keeping your credit utilization below 30% of your available credit. So if your only line of credit is a credit card with a $2,000 limit, that would mean keeping your balance below $600.
Does Credit One give high limits
Credit One may increase your credit limit automatically, but you can also call the company to request a credit line increase. In many cases, it's possible to receive a higher credit limit if you simply ask for one.
What annual income do you need for a Platinum Card
Salary Needed for Amex Platinum Credit Card
If you make nearly $100,000 a year and have good credit, you should have no issue getting approved. But, applicants with annual incomes as low as $40,000 have also been approved if they have a low debt-to-income ratio and pay their other credit cards in full every month.
Who is eligible for platinum credit card
Primary cardholder between the age of 18 and 70 years. Add-on cardholder should be over 15 years. Resident of India or Non-Resident Indian.
Is Credit One a good way to build credit
Credit One will regularly review your account for responsible card use to determine if you qualify for a credit line increase. This may allow you to access a higher credit limit which can make building credit easier. Credit utilization is an important factor in determining your credit score.