What is Credit One Bank Platinum X5 Visa?
Overview of Credit One Bank Platinum X5 Visa
Credit One Bank Platinum X5 Visa is a credit card offered by Credit One Bank and is designed for individuals with fair or average credit who are looking for a rewards credit card. The card was first introduced in 2017 and has since gained popularity due to its attractive rewards program and potential for credit limit increases.
Rewards and Benefits
The Credit One Bank Platinum X5 Visa offers a rewards program that enables cardholders to earn cash back on all eligible purchases. With this credit card, you can earn rewards of up to 1.5% cash back on every purchase, depending on the merchant. Additionally, the card provides special offers and promotions from time to time in which you can earn up to 10% cash back on eligible purchases.
Other benefits of the Credit One Bank Platinum X5 Visa include fraud protection , alerts for unusual account activity, and access to your FICO credit score.
Fees and Interest Rates
While the Credit One Bank Platinum X5 Visa has an attractive rewards program , it comes with an annual fee and a range of fees that you should be aware of. The annual fee for the card varies depending on the applicant's creditworthiness and could be between $0 to $99.
The card has a purchase APR (Annual Percentage Rate) that ranges between 17.99% to 23.99% depending on your creditworthiness. Additionally, the card has a balance transfer fee of $5 or 8% of the amount transferred, whichever is greater. The card also charges a foreign transaction fee of 3% ($1 minimum).
Is it worth it?
The Credit One Bank Platinum X5 Visa can be a good choice for those who have fair or average credit and want to earn rewards on their purchases. However, it's important to carefully read the terms and conditions of the card and understand the fees involved before applying.
If you are looking for a credit card with a rewards program that offers more favorable terms, it may be worthwhile to compare the Credit One Bank Platinum X5 Visa with other cards in the market that offer more competitive rates and lower fees.
Frequently Asked Questions about credit one bank platinum x5 visa
We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is 'Improve Credit by Paying in Full Each Month'. To break it down further, Credit One Bank® Platinum X5 earned a score of 2.4/5 for Fees, 5.0/5 for Rewards, and 2.9/5 for Cost.
Compared to general credit cards offering users reward points on their expenditures, platinum credit cards offer a higher reward value. The rewards are based on per rupee expenditure, and the reward value of the platinum credit cards per rupee is higher than others.
Credit One Bank is an online-only bank that exclusively offers credit cards. It is a technology and data-driven financial services company that is based in Las Vegas. The bank offers American Express and Visa credit cards to millions of customers across the United States.
The main difference between Visa Signature and Visa Platinum is the rewards programs and minimum credit limits. However, if you're looking for a card with cash back 33, Visa Platinum is your best bet. If you prefer more travel benefits, then you'll love Visa Signature 43. Learn more about cash back vs.
The Credit One Bank Platinum Visa earns unlimited 1 percent cash back on eligible gas, grocery, mobile phone service, internet service and cable and satellite TV service purchases. Determining which purchases are eligible for rewards muddies the water even more.
The Credit One Bank® Platinum Visa® can earn you cash back. But keep an eye on the expensive fees and high variable purchase APR of 29.24%* Variable - these can quickly eat into anything you might earn.
- Enhanced ATM and POS Withdrawal Limits. Enjoy higher limits with the convenience of setting limits of own choice via net/mobile banking.
- Complimentary Airport Lounge Access.
- IDFC FIRST Bank Debit Card Offers.
- Insurance Cover on Platinum Debit Card.
- Dining and Other Amazing Offers.
Your Visa Platinum Card
- Visa Card Benefit Services. 24-hour Concierge assistance and access to your Visa card benefits.
- Emergency Cash Disbursement Services.
- Emergency Card Replacement Services.
- COVID Help Line.
- Bloomberg.
- Disney+
- Extended Warranty.
- International Emergency Medical Services.
Browse and compare Credit One Bank Visa credit cards. Comparing interest rates, annual fees, rewards and benefits of Visa cards from Credit One Bank is easy.
Frequent travelers will also appreciate that the Platinum offers the most comprehensive lounge access of any credit card, including a Priority Pass Select membership, Amex's growing global collection of Centurion Lounges, Delta Sky Clubs when flying Delta, and Airspace and Escapes lounges.
Additional Card Benefits
- Contactless. Payment.
- Zero. Fraud Liability.
- Free Online Access. to credit score†
- Easy-To-Use. Mobile App.
- Customizable. Notifications.
- Choose a New Payment. Due Date.
This card charges an annual fee of $39. You earn 1% cash back on everyday spending across multiple categories You get to select your own due date. The Platinum Visa card also comes with free access to your Experian credit score each month, so you can monitor your progress as you build credit responsibly.
Benefits comparison: Visa vs. Mastercard. On entry level cards, there is very little difference between Visa and Mastercard, as both provide a similar suite of basic features. However, Mastercard includes impressive special luxury offers on its World and World Elite level cards, which can be attractive for big spenders ...
Frequent travelers will also appreciate that the Platinum offers the most comprehensive lounge access of any credit card, including a Priority Pass Select membership, Amex's growing global collection of Centurion Lounges, Delta Sky Clubs when flying Delta, and Airspace and Escapes lounges.
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.
While it's not the best balance transfer card offer available, the U.S. Bank Visa Platinum card carries one of the better intro periods for both purchases and balance transfers. But like most balance transfer cards, its lack of rewards hinders its ongoing value after you've settled your balance.
