The Capital One Platinum creditcard card is one the best for building and maintaining good credit. Its low annual fee, $0 foreign transaction fee, and no annual charge make it an excellent choice.
The Capital One Platinum card has an interest rate that is much higher than the average. This makes the card unsuitable for people who are on a budget and need to pay down their debt. Capital One Secured Mastercard may be a better alternative. It has a zero annual cost and a refundable security guarantee.
Although the Capital One Platinum cards does not offer rewards they do have a few features which can benefit your credit. The Capital One CreditWise suite credit building tools will be available to you. Additionally, you'll have access to educational content.
The bill can be paid online or in person at the local branch. TransUnion, Equifax, Experian and TransUnion will receive reports on your payments. By maintaining your balance and making payments on time, you'll improve your credit score. You can increase your credit limit and decrease your credit utilization by continuing to use the Capital One Platinum credit cards.
You can also enjoy cool travel perks with the Capital One Platinum Card. No foreign transaction fees apply so you can travel abroad with your card.
These features are not the only ones offered by Capital One Platinum Card. After six months, you will receive an automatic credit increase. Based on your credit history, you will receive a new credit limit once you are approved.
When applying for a Capital One Platinum card, you'll need to fill out an application. Your eligibility is determined by your credit score and income. In general, applicants with a FICO score below 580 are eligible for a credit card. But keep in mind that some companies have strict guidelines. For example, if you have a history with delinquencies you might not be approved.
Capital One Platinum card also has a lower than average credit utilization ratio. Your credit utilization rate can be lowered, which is a great way of improving your credit score. Even if you don't qualify for a card, the Capital One Platinum can help you build a credit history.
The Capital One Platinum Credit Card is an attractive option for those with good or average credit. The card doesn't require any upfront deposit and is therefore a good choice for anyone just beginning to build their credit.
There are other cards to consider, including the Capital One Spark Miles Select for Business. These cards allow you to earn cash back and redeem your reward points for Amazon shopping.
Low annual fees, security alerts, fraud liability, and low annual fees are just a few of the other features you should look for when applying to Capital One. Some people might complain that there isn't much to do with the Capital One Platinum card, but it's a good choice for anyone who needs a little help rebuilding their credit.