Are you searching for a credit card to rebuild your credit? If yes, then consider reading this article as the best thing ever. This article is written to give you information on Credit One Bank® Platinum Visa For Rebuilding Credit.
Here we will look at what the Credit One Bank Bank Platinum Visa For Rebuilding credit is, its features as well as pros and cons, how to be pre-qualified for it, and how to apply. Do well to follow the guild to the end as every paragraph has good information to give.
The Credit One Bank Platinum Visa For Rebuilding Credit is a credit card issued by the Credit one bank and it is suitable for people who want to build or rebuild their credits without any security deposit.
The card Issuer (Credit One Bank) is a Las Vegas, Nevada-based bank that offers financial services with an emphasis on Credit cards. It was founded on July 30, 1984, in California, United States. Credit One Bank is a legitimate company and has several credit cards which are given to eligible and pre-qualified people.
One of such cards is the Credit One Platinum Visa For Rebuilding Credit. Unlike the hardest credit cards to get, this card does not require an excellent credit score and it is not a credit card for excellent credit. It is very easy to get as it does not require a long process. Read the next paragraph to know more about the card.
Features/Benefits Of Credit One Bank Platinum Visa For Rebuilding Credit.
Let’s now look at the benefits of having a Credit One Platinum Visa For Rebuilding Credit. Some of the pros are
- You earn 1% cashback on gas, grocery, internet, cable, and many other purchase services.
- You have free Credit scores
- Automated periodic reviews for line increase opportunity.
- You would not be held liable for unauthorized charges
- Reports to major credit bureaus monthly.
- Requires no deposits.
You would agree with me that these are interesting benefits right? Now let us see some of its Cons.
- Its major drawback is that it has a high annual fee of $75 for the first year and $99 subsequently. This is equivalent to $5.25 per month.
- It has a low credit limit.
- It charges 1% to 3% for foreign transactions.
- It charges a $19 annual fee to add an authorized user.
- It charges $39 for late payment of fees.
Therefore you can see that despite its benefits, its high charges make it difficult for people to use. Nonetheless, let us see how you can pre-qualify for it if you choose.
How To Pre-Qualify For Credit One Bank Platinum Visa For Rebuilding Credits.
To pre-qualify for Credit One Bank Platinum Visa For Rebuilding Credit, you might not need a high credit score or high income as in Chase credit card pre-approval. All you need to do is to fill out a pre-qualification form through the following means.
Visit the Credit One Website online and fill out a pre-qualification form. There you will be required to enter basic identification. Information includes your name, the last four digits of your SSN, and your monthly income.
Another way to prequalify is by checking yours for any offer from Credit One Bank.
What Credit Score Is Needed For Credit One Bank Platinum Visa For Rebuilding Credit?
The Credit One Bank Platinum Visa For Rebuilding Credit is available to people with Bad Credits. This is because as the name implies if your credit score is bad or relative poor, you can rebuild it with this credit card.
With that established, a credit score of 300 to 600 can apply and get a Credit One Bank Platinum Visa For Rebuilding Credits.
How To Apply For A Credit One Bank Platinum Visa For Rebuilding Credits.
The application takes up to 3 weeks to process. Take note, however, that you cannot apply for the card if you are not pre-approved. And pre-approval comes after pre-qualification. Fill out a form to pre-qualify as stated above. After that, you have to keep checking your mail for pre-approval. After which, you go to their website, enter all requirements as well as pre-approval codes.
Information Needed To Apply For A Credit One Bank Platinum Visa For Rebuilding Credits
When you want to apply for the card, ensure to prepare with the following information at hand.
- Your legal name
- Date of Birth
- Home Address
- Email Address
- Social Security Number
- Annual Income.
After the application is filled and submitted successfully, you will be notified to get your card if it is approved.
What Is The Credit Limit For Credit One Platinum Visa For Rebuilding Credit?
Moving forward, it is important to be abreast of the limit of the card. The initial minimum limit if Credit One Bank Platinum Visa For Rebuilding Credit is $300. However, the bank continually and automatically reviews the card limit in a few months. With this, they may decide to raise the limit if needed. Is this done at a cost? Read the next paragraph to know about this.
How Much Does The Credit One Bank Charge To Review The Credit Limit?
Like I said above, the limit is reviewed in a few months.
The good news about it is that the review is done at no cost. In other words, you are not charged any amount for the credit limit review.
How To Manage Your Credit One Bank Platinum Visa For Rebuilding Credit Account.
One interesting thing about the Credit One Platinum Visa for rebuilding credit is that you can manage the card account online. This will help you to make payments when due and to monitor your credit score.
To manage your credit card, u have to download the Credit One Bank Mobile App. Sign up with your personal and card information as prompted. And with that, you can log in at any time to monitor your card account.
What Are The Phone Numbers For Credit One Platinum Visa For Rebuilding Credit?
Credit One bank has a customer service number that you can call at any time to lay a complaint or make an inquiry on the Credit One Bank Platinum Visa For Rebuilding Credit. There is a general customer service toll-free number which is 1-877-825-3242 and 1-702-405-2042 for those outside the US.
Other phone numbers are:
1-800-752-5493 for application information
1-877-825-3242 for information on lost or stolen cards and credit protection.
1-800-797-4299 for web-related inquiry.
Is Credit One Bank Platinum Visa For Rebuilding Credit Secure?
Lastly on the topic of discussion is the question of card security. The Credit One Bank Platinum Visa For Rebuilding Credit is an unsecured card.
This is because it does not require an upfront security deposit to get the card.
The Credit One Platinum Visa For Rebuilding credit is an easy card to get which can be gotten by anyone. Its pros and cons as well as the method of application and card management have all been discussed in the article. So if you seek to rebuild your credit then consider applying for this card.