Why is there a $75 charge on my credit one credit card?

High annual fee It's not uncommon for unsecured credit-building cards to have high fees, and the Credit One Bank® Platinum Visa® for Rebuilding Credit is no exception. The annual fee is $75 for the first year, $99 thereafter. The first year's annual fee is deducted from your credit limit.



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An annual fee is a lump sum you have to pay every year that you're signed up for certain credit cards. Often these fees, which can range from $95 to $500 or more, are offset by perks, such as airline miles, points, or cash back opportunities. Some cards also waive their annual fee for the first year.

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