Did you know that at least 40% of Americans still deal with a bad credit history that prevents them from having multiple financial products? Many of them want to get a good credit card that has rewards and is worth applying for.

Credit One Bank Platinum Visa is one of the best credits you can experience this year. In addition to these credit cards not requiring a guarantee deposit, you are entitled to rewards, avoid fees and still have a manageable APR.

We know that nowadays guaranteed cards are the most successful among people because they have higher rates and are also easier to approve for people with a bad history. However, we can say that this one is an exception.

Keep reading if you want to know more about the advantages of this credit card and understand if it’s a good deal or not.

We need to start by talking about the advantages of Credit One Bank Platinum Visa. I would like to remind you that all these advantages can be relative. Some people may find it positive and some people negative, but we’re here to give you an overview. Look:

This credit card also has some disadvantages. Stay tuned to find out what they are and find out if it’s worth putting him on your list.

The first disadvantage is that the card does charge an annual fee, which can be relatively high for its segment. This rate still increases the second year you have the credit card, even if you are a good payer and pay everything on time.

Another thing that can lead you to disregard this credit card is the fact that the credit limit is higher when opening the card account with a security deposit. Yes, this card does not require and after security, however your credit limit will consequently be lower. Those who deposit safely can have more than 300 USD limit.

Among several other cards that allow you to build a good credit limit and credit history, this one is limited. And finally, we also have the disadvantage of the credit protection program being a risk. He is not as developed as the others.

To apply for this credit card, there are not many additional requirements. You will need to have a recommended credit history of 300+. In addition, you must be 18 years old, bring all documents that can prove your income and identification documents.

If you’ve made it this far, you’re probably curious to know how you can apply for your credit card once and for all! Well, doing that is quite simple and you can do the whole process over the internet, without having to go to a branch.

You should start by going to the official website of Credit One Bank Platinum Visa. We left the link just above and you just have to click the button and enjoy. Entering this site, you can verify all the information of the card you want to request.

You have probably already read all this information during our article, so now we go directly to the request stage. In this step, you will have to fill in all your necessary personal data inside the credit card form.

Fill in your data, just send it along with all the necessary documents. If you are approved, you will probably be contacted within a few business days or even seconds, depending on availability.

However, if you prefer to apply for this card through a branch, just go to that branch and speak to the attendant directly. Any other questions, we can also help you. However, the bank also has a very effective customer service to help you.

If there are still doubts about whether or not you should apply for this card, we decided to bring you a good explanation. That’s pretty much our final verdict on Credit One Bank Platinum Visa.

The first thing we should say is that this credit card is made directly for people who want to rebuild their credit. You probably already know how most credit cards work. You have an upfront cost that is refundable in the future expensive of a deposit.

This deposit serves as a security so that the bank can know that you will be able to pay all the bills on your credit card without necessarily leaving debts. As the card does not ask you to make this deposit, it turns out that its fees are much more expensive than normal.

That is, if you’ve read other credit cards around here with a similar proposal, you know that we only recommend this to people who need to improve their credit history. It’s an expensive credit card, so if you don’t have that need, I’d go with the traditional one.

Cashback is limited and you can only get a penny back a day, which can make you very frustrated, as it is a card that is quite expensive in terms of fees. Even if you have bad credit, it’s worth depositing some initial cash if you want a slightly better card.

Finally, this is one of the cards that we do not recommend. Most people will depend a lot on their personal opinion and also on their experience with the financial market. There are other good options, and we will also indicate one of them below.

As we said earlier, there are other cards that can be better than what we present here. If you want to know other horizons, just click the button below and learn more about the FIT Mastercard!