How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
|
Advertising Disclosure
LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).

Advertising Disclosure

LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).
|
American Express Disclosure
Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

American Express Disclosure

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.

Credit One Bank® Platinum X5 Visa® Review

LendingTree's Review

How LendingTree Rates Credit Cards?

Our experts rate credit cards based on several factors including card benefits, bonus offers and independent research. Credit card issuers do not influence or have a say in our card ratings. Read our credit card methodology here.
2.5
Credit One Bank<sup>®</sup> Platinum X5 Visa<sup>®</sup>
Rewards Rate
Earn 5% cash back rewards on the first $5,000 of eligible gas, grocery, internet, cable, satellite TV, and mobile phone service purchases each year, and then 1% thereafter. Plus 1% cash back rewards on all other purchases, terms apply
Cash Back
Automatically earn More Cash Back Rewards for using your Credit One Bank card at participating merchants, terms apply
Fraud Protection
With $0 Fraud Liability, you won’t be responsible for unauthorized charges
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It was not reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Our take: The Credit One Bank® Platinum X5 Visa® is a decent option if you have good credit (a FICO® Score of 670 to 739) and are looking to earn cash back on purchases. But, this card is expensive to own because there’s a $95 annual fee and high APR of 29.74% Variable. If you’re looking for a rewards credit card, there are better options available.

Pros and cons

  • Earn up to 5% cash back
  • Get up to 10% more cash back from participating retailers
  • Helps build your credit history
  • Accessible with good credit
  • $95 annual fee
  • High 29.74% Variable APR
  • Cap on 5% cash back rate
  • No sign-up bonus

Is the Credit One Bank® Platinum X5 Visa® good?

If you have anything less than excellent credit, it can be difficult to find a rewards card that offers a high cash back rate in popular spending categories. The Credit One Bank® Platinum X5 Visa® is available to those with good credit and offers the chance to earn up to 5% cash back on purchases up to $5,000.

But, despite the rewards rate, this card might not be worth it because of its cost. You’ll be responsible for paying a $95 annual fee, which will cut into your rewards earnings. Plus, the Credit One Bank® Platinum X5 Visa® card doesn’t offer an interest-free period on purchases. If you don’t pay your balance in full each month, you’ll be subject to high interest charges. Depending on your credit score it’s likely that you’ll get more value by choosing another rewards credit card.

Quick facts

  • Annual fee: $95
  • Sign-up bonus: None
  • Rewards: Earn 5% cash back rewards on the first $5,000 of eligible gas, grocery, internet, cable, satellite TV, and mobile phone service purchases each year, and then 1% thereafter. Plus 1% cash back rewards on all other purchases, terms apply.
  • Regular purchase APR: 29.74% Variable
  • Cash advance fee: $10.00/5%, whichever is greater (see terms)
  • Other benefits: Contactless payment, Zero fraud liability, Free online access to your credit score and Choose your payment due date.
  • Credit needed: Good

Credit One Bank® Platinum X5 Visa® benefits

  • High cash back rate on everyday purchases

    With the Credit One Bank® Platinum X5 Visa®, you’ll earn 5% cash back rewards on the first $5,000 of eligible gas, grocery, internet, cable, satellite TV, and mobile phone service purchases each year, and then 1% thereafter. Plus 1% cash back rewards on all other purchases, terms apply. You’ll also automatically get up to 10% more cash back from a variety of retailers nationwide.

    5% cash back is high, especially for a credit card geared towards those with good credit, but there are rewards cards available that don’t have a cap on how much you can earn at the highest rate.

  • Helps build your credit history

    Credit One Bank reports your account and payment activity monthly to the three major consumer credit bureaus — Equifax, Experian and TransUnion. As long as you keep your utilization low and pay your bill on time every month, using the Credit One Bank® Platinum X5 Visa® can help you build positive credit history.

    Want to keep up with your credit score? Sign up for LendingTree Spring to get your free credit score.
  • Accessible if you have less than excellent credit

    It’s very common for credit cards with the best rewards and benefits to require applicants to have an excellent credit score (a FICO® Score of 800 to 850). But, the Credit One Bank® Platinum X5 Visa® lets you earn a high cash back rate even if you have good credit or a FICO® score of 670 to 739.

    While there are many types of scoring systems used, FICO® is the most used among lenders. It ranges from a low of 300 to a high of 850. The factors that affect your FICO® score are:

Credit One Bank® Platinum X5 Visa® drawbacks

  • Charges an annual fee

    The Credit One Bank® Platinum X5 Visa® charges a $95 annual fee. This means you’ll have to spend more than $1,900 in categories that earn the highest cash back rate to cover the annual fee every year.

    It may be hard to justify paying $95 a year because there are other cash back credit cards that charge no annual fee.

  • High interest rate

    According to a recent LendingTree study, the average APR is about 24.71%. The Credit One Bank® Platinum X5 Visa® surpasses this with a 29.74% variable APR. You’re likely to rack up some expensive interest charges from this card if you carry a balance from month to month.

    This card also offers no intro APR on purchases or balance transfers. Some credit cards come with 0% intro APRs, waiving the interest on balance transfers and purchases for anywhere from six to 21 months. If you’re planning to use your card to finance a large purchase, you’ll want to choose a more affordable option with a long 0% intro APR period.

    See our top picks for the best 0% APR credit cards

  • 5% cash back rate is capped

    While 5% cash back might seem high, there’s a cap on how much you can earn at that rate. After spending $5,000 on eligible purchases in a year, your earning rate drops to 1%.

    If you max out that spending cap, that’s $250 cash back — fairly decent earnings. However, if you plan to spend more than $5,000 on your credit card, there are credit cards that offer flat-rate rewards with no cap.

    For example, the Capital One Venture Rewards Credit Card allows you to earn 2 Miles per dollar on every purchase, every day; 5 Miles per dollar on hotels and rental cars booked through Capital One Travel. The Wells Fargo Active Cash® Card allows you to earn unlimited 2% cash rewards on purchases.

    There are also cards that offer bonus categories with elevated rewards and no cap. For example, the Capital One Savor Cash Rewards Credit Card allows you to earn unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores (excluding superstores like Walmart® and Target®) and 1% on all other purchases.

  • Doesn't offer a sign-up bonus

    While many cash back credit cards let you earn an influx of rewards after meeting a certain spend threshold in the first few months of card membership, this card does not. A credit card sign-up bonus is one of the best ways you can get value out of your card shortly after signing up.

    Many credit cards make the sign-up bonus fairly easy to earn. For example, the Wells Fargo Active Cash® Card lets you earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.

    See our top picks for the best credit card sign-up bonuses

Credit One Bank® Platinum X5 Visa® vs. Capital One Venture Rewards Credit Card

| Disclosures
Capital One Venture Rewards Credit Card
Capital One Venture Rewards Credit Card
apply-now-icon Apply Now
on Capital One's secure site
Rates & Fees
N/A
19.99% - 29.99% (Variable)
$95
2 Miles per dollar on every purchase, every day; 5 Miles per
  • Enjoy $250 to use on Capital One Travel in your first cardholder year, plus earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening - that’s equal to $1,000 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get Capital One's best prices on thousands of trip options
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
  • Enrich every hotel stay from the Lifestyle Collection with a suite of cardholder benefits, like a $50 experience credit, room upgrades, and more
  • Transfer your miles to your choice of 15+ travel loyalty programs
  • For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
660 720 850
Good / Excellent

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.


The Capital One Venture Rewards Credit Card is our top choice for a credit card for good credit. Similar to the Credit One Bank® Platinum X5 Visa®, it charges a $95 annual fee, but it’s worth it in this case because this card is packed with valuable benefits (see rates & fees).

There’s a generous sign-up bonus and solid rewards rate with valuable redemption options. You’ll earn Venture miles which can be used to book travel through Capital One Travel or can be redeemed as a statement credit towards other travel purchases. You can also transfer miles to one of Capital One’s travel partners for more value.

Travel benefits with this card include a TSA PreCheck® or Global Entry credit, travel accident insurance and an auto rental collision damage waiver. This card is a much better overall value than the Credit One Bank® Platinum X5 Visa® if you’re comfortable paying an annual fee (see rates & fees).

Credit One Bank® Platinum X5 Visa® vs. Wells Fargo Active Cash® Card

| Disclosures
Wells Fargo Active Cash® Card*
Wells Fargo Active Cash® Card
Learn More
on Wells Fargo's secure site
0% intro APR for 15 months from account opening
20.24%, 25.24%, or 29.99% Variable APR
$0
Earn unlimited 2% cash rewards on purchases
  • Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
  • Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
  • Earn unlimited 2% cash rewards on purchases.
  • 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers. 20.24%, 25.24%, or 29.99% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
  • $0 annual fee.
  • No categories to track or remember and cash rewards don't expire as long as your account remains open.
  • Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
  • Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
660 720 850
Good / Excellent
*The information related to the Wells Fargo Active Cash® Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.


The Wells Fargo Active Cash® Card is a better cash back credit card because there’s a $0 annual fee, easy-to-earn sign-up bonus and 2% flat-rate cash back on every purchase.

You’ll get a 0% intro APR for 15 months from account opening on purchases and 0% intro APR for 15 months from account opening on qualifying balance transfers. Then, a 20.24%, 25.24%, or 29.99% Variable APR applies.

There’s no cap to how much cash back you can earn at the 2% rate and there’s no rewards categories to keep track of. The Wells Fargo Active Cash® Card is an easy card to manage and is a much more affordable option to the Credit One Bank® Platinum X5 Visa®.

Credit One Bank® Platinum X5 Visa® vs. Capital One Savor Cash Rewards Credit Card

| Disclosures
Capital One Savor Cash Rewards Credit Card*
Capital One Savor Cash Rewards Credit Card
Learn More
on Capital One's secure site
N/A
19.99%, 26.24% or 29.99% (Variable)
$95
Earn unlimited 4% cash back on dining, entertainment, and popular streaming services,
  • Earn a one-time $300 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining, entertainment and popular streaming services, 3% at grocery stores (excluding superstores like Walmart® and Target®) and 1% on all other purchases 
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • No foreign transaction fees
  • Capital One cardholders get access to premium experiences in dining, entertainment and more
660 720 850
Good / Excellent
*The information related to the Capital One Savor Cash Rewards Credit Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.


If you like the idea of being able to earn accelerated rewards on different spending categories, the Capital One Savor Cash Rewards Credit Card is a great option. You’ll earn unlimited 4% cash back on dining, entertainment, and popular streaming services, 3% at grocery stores (excluding superstores like Walmart® and Target®) and 1% on all other purchases.

The Capital One Savor Cash Rewards Credit Card also comes with a $95 annual fee. But, with no cap on spending categories, you’ll be able to make up for the fee if you take advantage of rewards. This card also comes with the chance to earn a one-time $300 cash bonus once you spend $3,000 on purchases within 3 months from account opening.

Is the Credit One Bank® Platinum X5 Visa® right for you?

The Credit One Bank® Platinum X5 Visa® offers a solid cash back rate on popular spending categories. But, there’s a $5,000 annual spending cap on purchases eligible for the 5% rate, after which you’ll earn just 1% back on all purchases. Plus, there’s a $95 annual fee, which reduces your net cash back to $155 in this scenario.

This card also comes with a high APR and no intro APR period, which can cost you a significant amount if you carry a balance on your card. If you’re looking for a cash back card for good credit that’s more affordable and has no cap on its cash back program, there are plenty of better options available.

See all of our top picks for the best credit cards for good credit
Learn More
on Credit One Bank's secure site
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

The information related to the Credit One Bank® Platinum X5 Visa® has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.