When credit cards were introduced to the masses more than 25 years ago, they were used simply to provide a method of payment and nothing more. Credit Card rewards didn’t exist and managing your finances while building credit wasn’t the concern of every credit card holder. Consider the Capital One® Platinum Credit Card a return to those simpler times.
Let’s start with the positives. The Capital One® Platinum Credit Card allows consumers with average credit to obtain an unsecured line of credit. This means that a deposit is not required to make purchases with your card. The purchase APR associated with this card is 24.9% variable.
Also on the plus side, the Capital One® Platinum Credit Card has a low annual fee of just $19, which is kindly waived for the first year. The card does not charge a foreign transaction fees. Any purchases made on foreign soil (or online to foreign merchants) will not be charged additional fees
You won’t find a rewards program associated with the Capital One® Platinum Credit Card and if you need a balance transfer, moving your balance to a 24.9% variable is not a wise idea. This card offers the bare minimum in terms of perks, but the one thing you will find is an unsecured credit line for those with average credit.
The Capital One® Platinum Credit Card has everything a responsible personal finance consumer needs. Remember to pay your credit on time, stay within your credit limit and soon enough, you’ll be able to move on to a Capital One product with a top-tier rewards program. Anyone in need of building their credit should consider the Capital One® Platinum Credit Card.