Compared: Credit One Bank Unsecured Visa & Capital One Platinum Card

Learn all about two credit cards designed to increase your credit score. We compare the Capital One Platinum card and the Credit One Bank Unsecured Visa. If you want to build your credit score but don’t want to pay an annual fee, we recommend the Capital One Platinum card.

Between the Credit One Bank Unsecured Visa and Capital One Platinum, which should you choose? Both cards can help you rebuild credit. If you have a terrible credit score, one of the strategies you should implement is to get approved for a credit card with a low limit and use it responsibly.

Both the Capital One Platinum card and Credit One Bank Unsecured Visa card are meant for people who are going through the process of rebuilding their credit scores. Which one is better for you? Take a look at our review below to find out.

Capital One Plantinum Card

The Capital One Platinum card is one of the 12 credit cards provided by Capital One. For people with really low credit scores, a good starter card will probably be the Capital One Secured Mastercard. But if you are ready to graduate to an unsecured card, or if you're starting to rebuild an average or "Fair" credit score, the Capital One Platinum credit card will give you the credit you need with no annual fee.

You're the ideal customer if you have an average credit score. The Capital One Platinum card is designed to help people with unimpressive (but not terrible) credit scores build up their scores from "Fair" to "Good" (670-739) to "Very Good" (740-799) to "Excellent" (800-850). You do that by paying off your card responsibly every month on time.

The Capital One Platinum card is stronger because it lets you rebuild your credit without paying an annual fee. An affordable option for people not interested in paying a deposit or annual fee for an average card. If your credit score is hurting, you probably don't have a lot of extra funds sitting around at your fingertips for fees and a security deposit.

People also love it because they increase their credit limit after several months. The Capital One Platinum card rewards good credit behavior quickly. One of the things people love most about the Capital One Platinum card is that paying your bill in full and on time can get you a credit line increase.

Credit One Bank Unsecured Visa

Credit One is one of the fastest growing credit card companies out there. Its millions of cardholders all have one thing in common: a low credit score. You're the ideal customer if you have a low credit score because even if your score is in the tank, you can still get approved.

If approved, you should use some (but not all) of the available credit each month and pay it off in full and on time every pay cycle. Slowly, your credit score will increase. When your score has risen enough for you to qualify for a card that has no annual fee (like Capital One Platinum card) you might want to cancel your Credit One Bank Unsecured Visa.

Then again, the Credit One Bank Unsecured Visa gives cashback rewards—and cashback is hard to turn down. Finding a credit building card like the Capital One Platinum card that has no fee is a rarity, but it is equally rare to see a card for people with low credit scores that offers cashback rewards.

The Credit One Bank Unsecured Visa gives back some cashback on many popular spending categories. So, you can at least start earning some cashback to pay off the annual fee! People love it because they can get approved even with a low credit score. Even if you have a bad credit score (under 580) you can get approved for the Credit One Bank Unsecured Visa.

Get a One Platinum Card Today

Capital One Platinum is a better pick because you don't have to pay a fee to rebuild your credit. When you need to rebuild your credit, there aren't a lot of credit card options out there. One of the best ways to get your score up is to get a low-limit credit card and use it responsibly. To get one, you save up for a security deposit and get a secured credit card.

Another option is to look at the Credit One Bank Unsecured Visa. Sure, you can get approved with a low credit score but there's one catch: You'll pay an annual fee for the privilege of having the card, which isn't cheap. The Capital One Platinum card gives people who want to build their so-so credit up to an unsecured credit card with no annual fee.

It gets the job done much better than the Credit One Bank card. And best of all, you don't have to pay to use it.

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Editorial Note:

Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.