Credit One Platinum Premier Review – 5% Back On Gas, Grocery & More Each Year ($5,000 Cap) – $95 Annual Fee

Credit One offers the Platinum Premier Visa card, let’s take a look at this card in this mini review.

Card Basics

• Annual fee of $95
• Card earns 5% on the first $5,000 each year in the following categories:
  • Gas
  • Grocery,
  • Internet,
  • Cable,
  • Satellite TV,
  • Mobile phone service purchases
• Card earns 1% back on all purchase

Our Verdict

Assuming you spend $5,000 in just the 5% categories you’d earn $250, but after the $95 annual fee that brings it down to $155 and brings down the effective earn rate to 3.1%. There are other cards that earn at higher rates on gas and grocery purchases. Personally I don’t think this card is worth signing up for at all.