Posted by William Charles on January 16, 2020
Credit Cards

Published on January 16th, 2020 | by William Charles

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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.



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Jared
Jared

Not a bad card overall. I’ll admit I expected the worst when I read ‘Credit One’

DJ
DJ

the worst part of this card is ‘Credit One’

The Man
The Man

Where’s the sign up bonus? lol
Coming from Credit One Bank, it’s actually a surprisingly decent card. Good earning reward structure.

Hari
Hari

I’m surprised Credit One actually offers a card worth checking out but all I see they fill my mailbox with Platinum card that is good to nothing.

Evan
Evan

Feels like a combination of the amex bluecash and us bank cash+ visa

fxxk credit one
fxxk credit one

feels like a combination of trash

Ken Dano
Ken Dano

What could make this card more attractive and competitive than AmEx and many other issuers is the higher spending limit of $20K and AF of $199. $5K/year is not worth for most consumers, including me. I rather use AmEx BCP.

Ferris
Ferris

Comes out to a 3.1% grocery card if you hit the max with the AF. There are a few 3% grocery cards out there already.

David
David

Yea the Golden 1 credit union platinum Visa credit card gives you 3% on groceries and restaurants, Fort Knox federal CU gives you unlimited 5% cash back on all gas stations including Costco gss

Ry
Ry

Effective 3% on only $5000 with no SUB, no thanks

ND
ND

At first, thought this is Capital One. Credit one and Cap One, it’s not about just close names but also their doppelganger logo!

Bruce
Bruce

I made the same mistake. Everyone, double check ‘what’s in your wallet.’

Dubya
Dubya

Abey
Abey

Delete

Abey
Abey

Who else gets annoyed by the name similarities between Credit One and Capital One?

Reza

Not only name, but logos are also similar, with a same arc on the top!

GradCashGrab

It’s working as intended.

Greg
Greg

At first blush I thought they were on to something, then realized it is a cap of $5000 total. I thought it was $5000 in each of the 6 categories.

Roy
Roy

Two things that I would caution. First, is that Credit One charges interest immediately there is no grace period. Second, there is many comments on the internet about how Credit One will not allow more than 4 payments per month.

Cjrmets
Cjrmets

As someone who has worked in retail and restaurants, I always had a slight inward chuckle when I would be handed a low rent card such as the type that Credit One or Primor offers. The rewards aren’t anywhere enough to overcome the fear that someone will recognize I’ve been relegated to bottom feeder status in the credit game.

Dubya
Dubya

Nothing like feeling superior right? Though you probably should be more concerned with the fact that you have even relegated to bottom feeder status in the employment game…js

BW
BW

This card sucks lol

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