Credit One Bank® Platinum X5 Visa®
vs. Credit One Bank® Platinum Rewards Visa® With No Annual Fee

Both the Credit One Bank® Platinum X5 Visa® and the Credit One Bank® Platinum Rewards Visa® with No Annual Fee offer enticing cash back rewards, making them attractive options for those seeking to maximize their spending. However, if you're looking for the highest cash back potential, the Credit One Bank Platinum X5 offers 5% cash back on up to $5,000 of eligible purchases, despite its higher annual fee of $95.

On the other hand, the Credit One Platinum Rewards is more accessible with its $0 annual fee and a recommended credit range extending to excellent scores.

You might prefer the Credit One Platinum X5 if your spending aligns with the card's reward categories. With 5% cash back on the first $5,000 of eligible purchases each year, this card can maximize returns for those who spend heavily on gas, groceries and services. However, consider the $95 annual fee against the potential rewards.

You might prefer the Credit One Platinum Rewards if you value simplicity and savings. This card offers a straightforward 2% cash back on essential categories like gas and groceries without the burden of an annual fee, making it a cost-effective choice for everyday spending.

Evaluating APRs, fees, credit requirements, rewards and additional features side by side clarifies which Credit One Bank card aligns with your financial needs. For example, if annual fees are a concern, the Platinum Rewards stands out with its $0 fee, whereas the Platinum X5 offers higher cash back rewards at a cost. Assess each card's details to pinpoint the one that matches your spending habits and credit situation.

The Credit One Platinum X5 stands out with 5% cash back on select categories for the first $5,000 spent annually, then 1% thereafter. This can be quite rewarding for those who spend heavily in these areas. However, the $95 annual fee reduces the net reward value, which is an important factor to consider.

On the other hand, the Credit One Platinum Rewards offers a consistent 2% cash back on similar categories, making it appealing to those who prefer simplicity and guaranteed savings. While it may not offer the same rewards rate, it doesn't charge an annual fee, which could be more beneficial for moderate spenders.

The table below outlines the bonus categories for each card to help you compare at a glance.

Both the Credit One Platinum X5 and Credit One Platinum Rewards allow redemption exclusively as a statement credit. Rewards for both cards have no expiration date as long as your account is active.

Using a tailored scoring system, MoneyGeek evaluates credit cards like the Credit One Platinum X5 and Credit One Platinum Rewards. These cards have the highest scores in the cash back category.

The evaluation considers factors such as the value of cash back rewards and the benefits of promotional offers. Four major components influence each card's score: the effective rate of cash back rewards, the annual fee, customer satisfaction and the cost of penalties. For a deeper understanding of our process, you can read about our ranking methodology.