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Capital One Platinum Credit Card
welcome bonus
N/A
credit brand
Capital One
rewards rate
N/A
intro apr
N/A
regular apr
29.99% variable
foreign transaction fee
0%
credit needed
Fair/Bad/Limited/No Credit
annual fee
$0
rate
4.6

Pros

Helps Build Credit: Capital One Platinum Credit Card reports to all three major credit bureaus, supporting cardholders in building or improving their credit scores.

No Annual Fee: This card has no annual fee, making it a cost-effective option for users.

Credit Line Increase: Cardholders may be considered for a higher credit line after making their first six monthly payments on time.

Fraud Coverage: The card offers $0 fraud liability coverage, protecting users against unauthorized transactions.

Cons

No Rewards Program: Unlike other cards, the Capital One Platinum Credit Card does not offer a rewards program for its users.

High Regular APR: The card has a 29.99% variable APR, which can be costly if cardholders carry a balance.

No Introductory APR: There's no introductory APR on purchases or balance transfers.

Limited Benefits: This card offers fewer perks and benefits compared to other options available in the market.

Why Choose It

The Capital One Platinum Credit Card is an excellent option for individuals looking to build or improve their credit without the burden of an annual fee. Though it lacks a rewards program and introductory APR offers, its potential for a credit line increase after six months of on-time payments makes it attractive for responsible users. While the card's benefits are limited compared to other options, its primary focus on credit building and no annual fee make it a suitable choice for those prioritizing credit improvement and cost-effectiveness.

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compare Cards

cover/name/rate
Welcome bonus
Annual fee
rewards rate
intro apr
regular apr
foreign transaction fee
credit needed
credit brand
Capital One Platinum Credit Card

Capital One Platinum Credit Card

4.6
N/A

N/A

$0

$0

N/A

N/A

N/A

N/A

29.99% variable

29.99% variable

0%

0%

Fair/Bad/Limited/No Credit

Fair/Bad/Limited/No Credit

Capital One

Capital One

Capital One Venture Rewards Credit Card

Capital One Venture Rewards Credit Card

4.8
Earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening

Earn 75,000 bonus miles once you spend $4,000 on purchases within the first 3 months from account opening

$95

$95

Earn unlimited 2 miles per dollar on every purchase. Earn unlimited 5 miles per dollar on hotels and rental cars booked through Capital One Travel

Earn unlimited 2 miles per dollar on every purchase. Earn unlimited 5 miles per dollar on hotels and rental cars booked through Capital One Travel

N/A

N/A

20.74% - 28.74% variable

20.74% - 28.74% variable

0%

0%

Excellent

Excellent

Capital One

Capital One

Discover it® Secured Credit Card

Discover it® Secured Credit Card

4.8
N/A

N/A

$0

$0

2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, 1% cash back on all other purchases – automatically. Discover will match all the cash back you've earned at the end of your first year

2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, 1% cash back on all other purchases – automatically. Discover will match all the cash back you've earned at the end of your first year

N/A

N/A

27.74% variable

27.74% variable

0%

0%

Fair/Bad/Limited/No Credit

Fair/Bad/Limited/No Credit

Discover it®

Discover it®

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