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.
However, the Capital One Platinum Card has an average interest rate. The card is not suitable for those who have a tight budget or need to reduce their debt. Capital One Secured Mastercard is a better option. It has a zero annual cost and a refundable security guarantee.
The Capital One Platinum card doesn't offer rewards but it does have some features that could benefit your credit. You will have access to the Capital One CreditWise collection of credit building tools. You'll also be able to access educational content as well as a free credit rating.
The bill can be paid online or in person at the local branch. TransUnion, Equifax, Experian and TransUnion will receive reports on your payments. You can improve your credit score by maintaining your balance and paying on time. Continue to use Capital One Platinum creditcard and you'll be able to increase your credit line while lowering your credit utilization.
You can also enjoy cool travel perks with the Capital One Platinum Card. With no foreign transaction fees, you can use your card when traveling outside of the U.S. You can also enjoy emergency card replacement services.
Capital One Platinum Card comes with an automatic credit line increase that will be granted after six months. You will be granted a credit limit that is based on your credit score once you have been approved.
Fill out an application to apply for a Capital One Platinum Card. Your eligibility is determined by your credit score and income. Card applicants typically have to have a FICO score at least 580. Some companies have strict guidelines. It is possible to be denied approval if your past delinquencies are a problem.
Another advantage of the Capital One Platinum card is that it has a lower than average credit utilization rate. 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. It doesn't require a deposit up front, making it a great choice for people who are just beginning to build credit.
The Capital One Spark Miles Select card for business is another option. These cards let you earn cash back as well as redeem your reward point for Amazon shopping.
When applying for a Capital One Card, you will also want to consider security alerts and fraud liability. Although some may complain about the lack of options with the Capital One Platinum card it is a great choice for those who need a little help rebuilding credit.