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Credit One Credit Card Review - Platinum Credit One Visa - YouTube
Channel: CreditFast
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if your credit score ranges from bad to
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fair you're probably looking for a new
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credit card to help you build your
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credit score higher if you are today I
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will be reviewing the credit one visa
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card a card especially designed for
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someone in your situation so stick
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around
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[Music]
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today I will be talking about the credit
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one visa card this has been a long time
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request by my subscribers and viewers to
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do a review of this credit card and it
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is a very interesting credit card to
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talk about and the reason being is that
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it is a card specially designed for
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people that have bad to fare credit and
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it is also one of the few cards that
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will earn cash back rewards so I'm going
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to get into the review of this credit
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card if you already have the credit one
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visa card let us know what you think
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about it because there are a lot of
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people watching this video that are
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thinking about applying and you should
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let them know whether they should or not
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and if you've had good experiences or
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bad experiences please leave them in the
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comments and thank you so let's get
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started and this card is pretty decent
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in many ways it's a lower fee option if
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you need to rebuild credit there are a
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lot of cards out there that offer a line
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of credit that reports to the credit
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bureaus but the the fees associated with
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these cards are so high you can
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oftentimes see that these cars will
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require that you pay a monthly service
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fee you might have to put down a hefty
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security deposit in order to get a card
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but with the credit one visa card this
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is a card that tends to be a lower fee
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option and the better your credit score
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your better your credit history the less
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you will be paying you actually have the
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ability to pay absolutely no annual fee
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so this card will range anywhere from
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zero annual fee up to ninety dollars and
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that depends on your credit score I do
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have a full length pros and cons review
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article on the credit one visa card and
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you should definitely check it out
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the reason for that is that it goes into
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even more detail about this credit
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card and you can make an informed
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decision whether this card is right for
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you and if you watch you can also
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compare to other credit cards in the
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rebuilding credit category when it comes
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to credit cards in the bad and Fair
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Credit category the credit one visa card
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tends to be middle-of-the-road it's not
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going to have the highest fees but it is
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not the lowest being card either and one
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surprising benefit with this credit card
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is that it is a cash back earning credit
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card so this makes it a very interesting
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option when you're looking to rebuild
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your credit today I'm going to go over
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the differences between the different
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cards that credit one offers and
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basically the process on what to do and
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how to apply for it now so the good
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thing about the credit one visa card
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this is not a secured credit card
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however how much you pay in fees is all
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dependent on what your credit score is
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if you have a bad credit score then you
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will see a higher set of fees associated
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with this card if you have a really good
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fair credit score you can actually
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qualify for a no annual fee cash back
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credit card now I said that all the
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credit cards do earn cash back rewards
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but it all depends on what type of cash
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back rewards you will be earning and
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that depends on your credit score this
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chart over here shows you the different
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structures now so if you're somebody
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with bad credit you are only going to
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earn cash back in some categories not
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all but if you have fair credit then you
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can get the best option and earn 1% cash
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back on all your purchases now I think
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for people with bad credit even the 1%
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cash back on your gas groceries and your
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monthly services purchases I think
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that's pretty good
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considering you can't get that with any
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other credit card maybe with the
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exception of the Discover secured card
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so this is one of the reasons why the
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credit one visa card stands out and it
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doesn't only stop there because you have
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the option to get even more rewards you
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can earn up to ten percent cashback from
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participating merchants I hope I review
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a lot of different credit cards from bad
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to excellent credit but I focus a lot of
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my time on credit card offers that range
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in the bad to fare categories and my
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goal in that is to help you find the
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lowest fee options available for you to
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rebuild your credit I also have a
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Facebook group that shows all the
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different credit card offers I talked
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about just to help you rebuild your
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credit if you're interested in that the
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link is in the description below this
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video otherwise if you found this video
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really helpful I'd appreciate it if you
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could hit the like button it helps me a
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whole lot and if you want to see more
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videos like this please hit that
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subscribe button along with that full
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notification and whenever I upload new
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videos you will be notified I'm not
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gonna get Ignace I won't say that I
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absolutely love this credit card but I
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think it is a better option than most of
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these rebuilding credit cards that are
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out on the market today and one thing to
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start off with this is not a secured
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credit card so you don't have to put
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down a security deposit and that can be
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a little problematic because sometimes
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with some secured cards it's a little
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difficult to actually get your security
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deposit back last year I did a video on
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secured cards talking about five
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different secured credit options and
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what might work best for people in
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certain situations and it does go into a
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little bit about how deposits are
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collected with
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credit-card companies so if you were
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thinking about getting a secured credit
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card I would look into that video it'll
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help you find the right secured credit
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card for you but with credit one this is
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not a secured line of credit which is
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great so the credit one visa application
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process this is pretty interesting
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because basically there's only one
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application so you really never know
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what you will be applying for so your
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annual fee will be anywhere from zero to
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ninety five dollars and you don't find
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this out until after your application
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has been processed so as you can imagine
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this credit card for helping people
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rebuild credit will come with high
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interest fees this is to be expected
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with credit cards in this category but
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the main advice here is to always pay
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your credit card balances in full each
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and every month and you should actually
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keep the amount of credit you have the
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amount of credit you use to the lowest
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amount possible because that ends up
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being a really good signal to the credit
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bureaus that if you use a small amount
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of your credit line somewhere between
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nine and twenty percent each month and
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that you pay your balances in full each
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month you will find that you will be
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building a higher credit score faster
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and sooner a really great feature of
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this credit card is that it is an actual
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credit card that will help you rebuild
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credit this is not a prepaid credit card
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oftentimes prepaid credit cards charge
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more fees than the credit one visa and
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it does you no good because it won't
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help you rebuild your credit but credit
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one will so with the credit one visa you
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can enjoy on-the-go account access
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credit one has invested time and energy
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to offer you a very helpful
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useful online experience so you can
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really monitor your account as closely
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as you want just by downloading their
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app
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another feature I really like that
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credit one offers is that you do receive
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free credit monitoring services with
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this card so that can be really helpful
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in seeing where your progress is with
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rebuilding your credit this comes in
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really handy when it comes time to
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decide when you want to apply for new
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lines of credit the credit one bank
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believes in giving back and community
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involvement they are involved in a
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variety of different charities what
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makes credit one visa fun is that you
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can choose your own credit card design
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if you just want something plain you can
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pick a solid color like these or you can
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get a little bit more colorful
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so I went over a lot today about the
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credit one visa card and all the
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benefits of having the credit one visa
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card when you are rebuilding your credit
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score this is a quick recap of the
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different benefits you have available to
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you this is definitely a better option
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in rebuilding credit and you should
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still compare it to other credit card
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offers this credit card can be a pretty
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good option for people depending how
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good their credit score is the better
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your credit score the less fees you're
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going to pay you actually have the
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ability to actually have no annual fee
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and at the same time earn cash back
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rewards so this ends up being a very
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competitive credit card offer in the bad
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to Fair Credit categories so if you're
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looking for something different you
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should definitely check out the credit
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one visa card and check out that review
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article I have with a link in the
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description below I go into even more
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details outlining the clear benefits and
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drawbacks of having this card and in the
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end you'll be able to decide if this
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card is right for you not only that if
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you've had this card please leave
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comments below let everybody know
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whether it's worth having or not and
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also don't forget to hit the like button
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and subscribe if you want to see more
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videos like this thank you and until
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next time
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