{"id":4955,"date":"2019-11-05T02:51:39","date_gmt":"2019-11-04T20:51:39","guid":{"rendered":"https:\/\/itgust.com\/?p=4955"},"modified":"2021-11-16T09:07:10","modified_gmt":"2021-11-16T09:07:10","slug":"credit-one-bank-platinum-visa-for-rebuilding-credit-score","status":"publish","type":"post","link":"https:\/\/itgust.com\/credit-one-bank-platinum-visa-for-rebuilding-credit-score\/","title":{"rendered":"Credit One Bank Platinum Visa for Rebuilding Credit Score"},"content":{"rendered":"\n

Do you have credit problems or have a poor credit history? Most people with poor or no credit often go through difficult times trying to find options for rebuilding their credit score. With the numerous banks and financial institutions offering such services, it can be daunting to find the best institution. There are many options including the Credit one bank platinum visa for rebuilding credit. This card allows people with less than stellar credit to rebuild their credit while enjoying special perks not found in other credit cards for bad credit.<\/p>\n\n\n\n

As the name suggests, the Credit one bank platinum visa is a visa card offering cardholders benefits reserved for interested visa users. The card is a good option for those with bad credit and looking for an unsecured credit card to bounce back. It also works for those who want a large credit limit but can\u2019t afford the initial deposits required to get a secured credit card. The Credit one bank unsecured platinum visa card offers a minimum credit of $300, which is much more than the minimum offered by some secured credit cards.<\/p>\n\n\n\n

Credit One Bank Platinum Visa Card Application<\/h2>\n\n\n\n

Most credit card issuers require that interested customers prequalify for their cards, and the Credit one bank platinum visa for rebuilding credit is not an exception. For prequalification, you should provide some basic information that the credit institution will use to check if you can be approved for the card. Like with other issuers, prequalification doesn\u2019t affect your credit score. But making a hard inquiry, which is the actual application for the credit card<\/a>, knocks some points off your credit score. Note that prequalifying doesn\u2019t guarantee that you will be approved.<\/p>\n\n\n\n

The prequalification process is optional for most issuers. However, it is an integral step in the Credit one bank platinum visa application process. It is through pre-qualification that you will get to know the fees, rates, rewards structure, and other benefits of the card you are applying for. These terms will enable you to make a decision to proceed with the application and incur the hard inquiry or ignore the application. The application review is extensive compared to the prequalification check. Your application can be approved for different terms or rejected based on the bank\u2019s evaluation.<\/p>\n\n\n\n

According to Credit One, this step is crucial as it protects subprime customers who can\u2019t afford to drop points from their credit scores. For instance, if a card issuer has three cards with annual fees of $0, $50 and $90, an interested customer with bad credit who can qualify for the $90 card will probably start applying for the $0 first and $50 cards before checking with the $90 card. In such a case, his\/her credit score would suffer from the impact of the three applications.<\/p>\n\n\n\n

Credit One, in contrast, offers a single card with dozens of potential rewards, rates, and fee combinations. Once you make the application, the issuer approves the card based on an individual\u2019s creditworthiness. Whereas this is an advantage, you wouldn\u2019t know the exact terms and conditions until you have begun the application process. Bailing out at this stage if the conditions are not favorable will have an impact on your credit score.<\/p>\n\n\n\n

Credit One Bank Platinum Visa Card Rewards<\/h2>\n\n\n\n

The Credit one bank platinum visa for rebuilding credit offers great cashback rewards, though confusing. This is what makes this card stands out from the rest issuers in this category. Whereas you can find other credit card issuers who accept bad credit, very few offer cash rewards for purchases made. The card offers four cashback options. The only problem is that the credit card doesn\u2019t disclose your rates and rewards until you are successfully approved for the card. The options include;<\/p>\n\n\n\n