Anúncios
This credit card offers convenience, security and financial versatility for all your users.
Finding a credit card for those with reasonable credit that offers generous rewards can be a difficult task. But with Credit One Bank® you start earning rewards as you build or improve your credit history.
Although many cards for this credit profile do not offer great benefits, this card stands out with a considerable rewards system, but with some limitations that interested parties need to be aware of.
This card lets you earn up to 5% cash back rewards on categories like gas, grocery, and cell phone services, up to a limit of $5,000 per year
Credit One Bank Platinum X5 Visa
Easy cashback Flexible optionsHow does the Credit One Bank® Platinum X5 Card work?
THE Credit One Bank® Platinum X5 card It is an excellent option for those who have reasonable credit and want to accumulate rewards throughout their purchases.
With the possibility of winning up to 5% cash back rewards on your first qualifying purchases up to US$5,000, this card offers an excellent opportunity to accumulate points in several categories.
After reaching this annual limit, purchases from these categories generate 1% reward, while all other purchases also earn 1% back.
It is worth mentioning that the flexibility to choose the bill due date, along with fraud coverage, are other benefits that make this card attractive.
THE Credit One Bank® Platinum X5 It also stands out for being an unsecured card, offering an opportunity to reinforce your credit, especially for those who are in the process of recovering or building credit.
For those who make regular purchases in categories such as supermarkets and fuel, the benefit of 5% cashback on your first annual purchases can easily exceed the annual fee, making the card a good choice for those who want to obtain financial advantages from their consumption.
Furthermore, the possibility of increasing the credit limit over time and access to a free monthly credit score are great for anyone looking to improve their credit score.
Main Benefits of One Bank® Platinum X5 Credit Card
One of the biggest attractions of Credit One Bank® Platinum X5 card are the cash back rewards.
It even offers 5% rewards cash back on your first qualifying annual purchases of gasoline, grocery, internet, cable TV, satellite TV and cell phone services.
Additionally, it offers 1% rewards on all other purchases, which makes it even more advantageous for daily use.
Another significant benefit is the $0 fraud liability, which means you will be protected against unauthorized purchases.
And the free credit score summary allows you to monitor your credit regularly, helping you keep tabs on your score and offering valuable insights into your financial progress.
The Credit One Bank® Platinum X5 also offers flexibility regarding invoice due date, allowing you to choose a more convenient date within a six-day window.
The card is also compatible with digital wallets, such as Apple Pay, Samsung Pay and Google Pay, making it even easier to use for everyday transactions.
You willl remain on the current site
Cons of Credit One Bank® Platinum X5 credit card
The main negative point is the annual fee of US$95, which can be discouraging, especially for those who are just starting to use credit cards or for those looking for an option with no annual fees.
Another negative point is the spending limit to earn 5% reward which is limited to $5,000 per year. This limit can be reached quickly for those who spend a lot in these categories, which means that, after that, the cashback will return to 1%.
And what’s more, there is no welcome bonus or an introductory period with a low interest rate, which could attract even more customers looking to get started at a lower cost.
APR and Fees
THE Credit One Bank® Platinum X5 card has a 29.24% variable APR, which means the interest rate can vary depending on market conditions.
This fee is relatively high compared to other credit cards, especially if you don’t pay your bill in full each month.
This APR can quickly increase the outstanding balance, making the total cost of credit higher if not paid when due.
An annual fee is US$95. Although the card offers cash back rewards, this fee can lower the net value of the rewards accrued, especially for those who don’t spend as much in the high-return categories.
There is no transaction fee for international purchases, which is good news for those who travel frequently.
How to apply for the Credit One Bank® Platinum X5
To apply for the Credit One Bank® Platinum X5 card bJust access the Credit One Bank website, fill out a short form and provide some basic information, such as your personal and financial details.
The process of pre-qualification is also available, allowing you to see what terms are available to you before you make your request. The consultation is carried out through a soft query, which does not affect your credit score.
After filling out the application, Credit One Bank will review your credit history and determine if you qualify for the card. The decision is usually made quickly, and you will receive a response within minutes.
