Credit One Bank® Platinum X5 Visa® Reviews: Is It Worth It? (2024)Reviews, rates, fees, and rewards details for The Credit One Bank® Platinum X5 Visa®. Compare to other cards and apply online in secondsJohn KiernanWalletHubHigh rewards rateBonus rewards categoriesNo foreign feeQualify with fair creditMembership feesSpending caps on rewardsHigh regular APR
This card has been scored using WalletHub’s proprietary credit card rating system. 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." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Credit One Bank® Platinum X5 has a rating of 3.3/5 according to our proprietary credit card rating system. This rating reflects how appealing Credit One Bank® Platinum X5's terms are compared to a pool of more than 1,500 credit card offers tracked by WalletHub. 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. Info about the Credit One Bank® Platinum X5 Visa® has been collected by WalletHub to help consumers better compare cards. The financial institution did not provide the details.
WalletHub Rating Breakdown
Fees 2.4/5
Rewards 5.0/5
Cost 2.9/5
Other Features 5.0/5
KEY TERMS
Accepted Credit Scores
Accepted Credit Scores
Good Credit, Fair Credit
Credit One Bank® Platinum X5 Annual Fee
$95
Credit One Bank® Platinum X5 APR on Purchases
29.74% (V)
Credit One Bank® Platinum X5 Balance Transfer
Balance Transfers Not Allowed
Credit One Bank® Platinum X5 Rewards
Earn 5% cash back rewards on the first $5,000 of eligible gas, grocery, internet, cable, satellite TV, and mobile phone service purchases each year, and then 1% thereafter. Plus 1% cash back rewards on all other purchases, terms apply
Credit One Bank® Platinum X5's Additional Info
With $0 Fraud Liability, you won’t be responsible for unauthorized charges.
Free Online Credit Score and Credit Report summary, terms apply.
Automatically earn More Cash Back Rewards for using your Credit One Bank card at participating merchants, terms apply.
If you are a Covered Borrower under the Military Lending Act, you may get a different offer.
This card has been scored using WalletHub’s proprietary credit card rating system. 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." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Market Comparison
3.3
fees: 2.4
rewards: 5.0
cost: 2.9
Other Features: 5.0
4.9WalletHub Rating
WalletHub Rating
4.9
This card has been scored using WalletHub’s proprietary credit card rating system. 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." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Editor’s Rating
5.0
User Reviews
3.4
Market Comparison
5.0
fees: 5.0
rewards: 5.0
cost: 5.0
Other Features: 5.0
4.8WalletHub Rating
WalletHub Rating
4.8
This card has been scored using WalletHub’s proprietary credit card rating system. 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." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Editor’s Rating
4.4
User Reviews
3.4
Market Comparison
5.0
fees: 5.0
rewards: 5.0
cost: 5.0
Other Features: 5.0
(4)
(2,115)
(74)
annual fee$95
annual fee$0
annual fee$0
rewards rate 1 - 5% Cash Back
rewards rate 2% Cash Back
rewards rate 1 - 5% Cash Back
bonus offerNone
bonus offer $200
bonus offer $200
Purchase Intro APRNot Offered
Purchase Intro APRNot Offered
Purchase Intro APR0% for 15 months
transfer intro aprNot Offered
transfer intro apr0% for 18 months|Transfer Fee:3% intro fee ($5 min) for each transfer in first 4 months, after that 5% ($5 min) for each transfer
transfer intro apr0% for 15 months|Transfer Fee:5% (min $5)
Can't find what you are looking for? Submit your question about Credit One Bank® Platinum X5 Visa® to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this offer. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered. In addition, WalletHub independently collected information for some of the cards on this page.
The starting credit limit for the Credit One Bank® Platinum X5 card is $500 or more; everyone who gets approved for this card is guaranteed this limit. However, depending on your credit standing, you could get a much higher credit limit. The higher your credit score and income are, the higher your starting credit limit is likely to be.
If you're not satisfied with your starting limit, you can ask for a credit limit increase by calling customer service at (877) 825-3242. But it's best not to ask more than once a year. Credit One will also evaluate your account periodically to determine whether you are eligible for a credit limit increase. Paying on time and keeping your credit utilization low are key for getting unsolicited credit line increases with Credit One.
No, you cannot use your Credit One Bank® Platinum X5 card instantly after approval. You'll have to receive the card in the mail before you can start making any purchases. After approval, your card should be delivered at the address on file in 7-10 business days.
Unfortunately, there is no way to expedite the card's delivery at the moment. So, everyone who gets approved for a Credit One Bank® Platinum X5 card will have to wait for the standard delivery time before...
Yes, you can use the Credit One Bank Platinum X5 Visa card anywhere that accepts cards on the Visa network. That means you can use the Credit One Bank Platinum X5 card at 10.7 million merchant locations in the U.S., as well as with millions more merchants across 200+ countries and territories worldwide.
The Credit One Bank Platinum X5 card has a 3% (min $1) foreign transaction fee, which means you will incur extra charges for international purchases. The card...
The cash advance limit for the Credit One Bank® Platinum X5 card is 25% of your credit limit. The exact amount should be listed on your monthly statement or card agreement. Additionally, there is a daily cash advance limit of $200 and a maximum of two cash advance transactions allowed per day.
It's important to mention that a Credit One Bank® Platinum X5 card cash advance can be very expensive, due to a cash advance fee and APR that apply from the...
To cancel a Credit One Bank® Platinum X5 credit card, call customer service at (877) 825-3242 and ask a customer service rep to cancel your card account. Cardholders can also cancel an account by mail.
Be aware that if there's a balance remaining on the canceled account, you will still need to make at least the minimum payment every month until the balance is paid in full. In addition, you will forfeit any unused cash back, so be sure...
The Credit One Bank® Platinum X5 is an unsecured credit card meant for people with fair credit or better. Unlike secured cards, the Credit One Bank® Platinum X5 does not require cardholders to pay a refundable security deposit for collateral.
The card offers 1 - 5% cash back on purchases and has a $95 annual fee. This can make the Credit One Bank® Platinum X5 a decent option for people who are looking to earn rewards on purchases.
You get a PIN for your Credit One Bank® Platinum X5 card by calling customer service at (877) 825-3242. After you make the request, Credit One will mail you the PIN at the address on file in 7-10 business days.
If you need a Credit One Bank® Platinum X5 card PIN to get a cash advance at an ATM, keep in mind that these are costly transactions that incur hefty fees and start accruing interest immediately. So it's best to reserve them for...
Here's How to Pay Your Credit One Bank® Platinum X5
Online: Log in to your Credit One account or use the Credit One Bank mobile app. You can make a standard or express payment. The latter will process your payment faster, but it will charge you a $4.95 fee. You can also set...
Share your insights and review for the Credit One Bank® Platinum X5 Visa®
5
50%
4
25%
3
25%
2
0%
1
0%
4.2
4 reviews
4 reviews
What's Your Rating?
Review sort
kdbalcom @kdbalcom
Report Abuse
3 Star Rating
Good enough card for building credit, although I do have some gripes.
Firstly, I got the card 11 months ago, and was approved for a $3000 limit with fair credit. I did charge it up almost to the full balance over about 8 months, and then gradually paid it off to $0 every month for the last 3 months. I feel like now that it is paid off, charges take even longer to show as pending on my account, charges take longer to post to my account, and some charges are being declined which has never happened before. I'm talking $25 charges from Amazon, which are typical for me to make on this card are being declined for no apparent reason.
My theory is that now that Credit One is not making a ton of interest off of my account, things are becoming not so smooth. Side note - my credit has gone up 60-70 points since I've had the card (on time payments on my other cards, increased limits, lower balances), but Credit One has not given me a credit increase on the card at all. Not sure if I am at the max limit for this card, but I would think that a credit score increase, no late payments, and fully paying off the card for the last 3 months would make me eligible, who knows.
My overall rating - 3 out of 5. This is a good credit building card. Just know the following:
In general, it does take a long time for charges to show up as pending, and post to your account. Payments also take a long time to post to your account. Not necessarily a deal breaker, just something to be aware of.
Their website is extremely wonky. It's constantly spitting out errors when you're trying to perform common functions like view your bill, make a payment etc.
It's one of my highest interest cards, which again is to be expected, but know that right off the bat, they will take you to the cleaners with interest if you are not paying down your balance to $0 every month.
When used responsibly, and by a diligent person this card can be a good tool for rebuilding credit, but it's not my favorite card nor would I highly recommend this card versus others out there.
show more
show less
Comment
0
1
AL @al_4
Report Abuse
5 Star Rating
Verified Customer
This is great rewards credit card from Credit One Bank that could definitely help to rebuild credit, with a reasonable annual fee.
show more
show less
Comment
0
0
Cheryl @camcveigh_561
Report Abuse
5 Star Rating
Verified Customer
Other than the annual fee I really like having a Credit One card. Customer service people are very helpful and informative. Great card to rebuild your credit.
show more
show less
Comment
0
0
+ 1 WalletHub user submitted a rating without writing a full review
* WalletHub is committed to transparency and editorial independence. The information about the following cards has been independently collected by WalletHub: Credit One Bank® Platinum X5 Visa®
WalletHub is an independent comparison service.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.
Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not the issuer’s responsibility to ensure all posts and/or questions are answered.
2024 WalletHub Awards
Credit One Bank® Platinum X5 Visa® is an Editor's Pick for: