Credit One Bank American Express® Card
vs. Credit One Bank® Platinum Rewards Visa® With No Annual Fee

Both the Credit One Bank American Express® Card and the Credit One Bank® Platinum Rewards Visa® With No Annual Fee cater to consumers seeking cash back rewards. However, the Credit One Amex edges out slightly with its unlimited 1% cash back on all purchases, making it a more versatile choice for everyday spending.

Not to be overlooked, the Credit One Platinum Rewards offers 2% cash back on eligible categories without worrying about an annual fee. Consider the card if you have a higher credit score and can take advantage of the bonus categories.

You might prefer the Credit One Amex if you value a simple rewards program and can benefit from the additional Amex Offers. With a flat 1% cash back on all purchases and a range of protective benefits, this card is a solid choice for those with fair to good credit who don't mind paying an annual fee for these advantages.

You might prefer the Credit One Platinum Rewards if you spend a significant amount on gas, groceries and certain services and want to maximize your cash back in these categories. With no annual fee and the ability to choose your payment due date, this card caters to those with good to excellent credit seeking targeted rewards.

Evaluating the Credit One Amex and Credit One Platinum Rewards on APRs, fees, credit requirements, rewards and other features will clarify which card aligns with your financial situation. For instance, if avoiding annual fees is a priority, the Credit One Platinum Rewards is better, while the Credit One Amex might be appealing for its Amex Offers.

Regarding rewards, the Credit One Platinum Rewards stands out with its 2% cash back on essential services and everyday purchases like gas and groceries. This targeted approach can yield significant returns for those who spend heavily in these categories.

On the other hand, Credit One Amex offers a straightforward 1% cash back on all purchases, which can benefit those with a diverse range of spending. It's a simple, no-fuss approach to earning rewards.

Below is a table of bonus categories to help you compare the rewards programs of both cards at a glance.

Credit One Amex simplifies the redemption process by automatically applying your cash back as a statement credit. You do not need to worry about reward expiration, either, as your cash back does not expire as long as your account remains in good standing.

The Credit One Platinum Rewards cash back can be redeemed as automatic statement credit. Rewards do not expire as long as your account is active.

MoneyGeek evaluates credit cards like the Credit One Amex and Credit One Platinum Rewards using a ranking process tailored to specific use cases, such as cash back. For these cards, the highest-scoring use case is cash back. The most significant factors in determining their scores are the effective reward rate and the return on investment for offers, which reflect the value you get from using the card. Other considerations include annual fees and customer satisfaction. For a detailed understanding of our scoring system, you can read more about our ranking methodology.