Capital One Platinum credit card can help you build and maintain your credit score. The card is a solid choice because it has no annual fees and $0 foreign transaction fees.
The Capital One Platinum card has an interest rate that is much higher than the average. This card isn't suitable for people who are budget-conscious and want to reduce their debt. Capital One Secured Mastercard may be a better alternative. It comes with no annual fee and a non-refundable security deposit.
The Capital One Platinum card doesn't offer rewards but it does have some features that could benefit your credit. The Capital One CreditWise suite credit building tools will be available to you. You'll also be able to access educational content as well as a free credit rating.
You can pay the bill online or at a local branch. TransUnion, Equifax, Experian and TransUnion will receive reports on your payments. Paying on time and maintaining your balance will help you improve your credit score. Continue to use Capital One Platinum creditcard and you'll be able to increase your credit line while lowering your credit utilization.
Additional perks include travel benefits with the Capital One Platinum credit card. There are no foreign transaction fees and you can use your card for travel outside the U.S.
These features are not the only ones offered by Capital One Platinum Card. After six months, you will receive an automatic credit increase. Your credit history will determine your eligibility for a credit line increase.
Fill out an application to apply for a Capital One Platinum Card. Your eligibility is determined by your credit score and income. A card can usually be approved for applicants who have a minimum FICO score 580. Some companies have strict guidelines. If you have a history of delinquencies, for example, you may not be approved.
Capital One Platinum card also has a lower than average credit utilization ratio. You can improve your credit score by lowering credit utilization. The Capital One Platinum is a great way to build credit history, even if you aren't eligible for a card.
Despite its high interest rate, the Capital One Platinum Credit Card is a worthwhile option for those with average or fair credit. The card doesn't require any upfront deposit and is therefore a good choice for anyone just beginning to build their credit.
The Capital One Spark Miles Select card for business is another option. These cards will allow you to get cash back and redeem your rewardpoints for Amazon shopping.
When applying for a Capital One Card, you will also want to consider security alerts and fraud liability. Although there aren't many things to do with the Capital One Platinum, it's a great option for anyone who needs some help rebuilding their credit.