capital one platinum mastercard credit card

Capital One Classic Platinum: This credit builder card is a great way to build up your credit score. Provided you stay below your credit limit – up to £1,500 –. The Capital One Venture X card will offer travel statement credits, airport lounge access and more. With no annual fee, the Capital One Platinum fits this description nicely. However, just know that what you're applying for is a no-frills. capital one platinum mastercard credit card

Capital one platinum mastercard credit card -

Capital One Platinum Credit Card Review

Capital One Platinum Credit CardCapital One Platinum Credit Card

A great credit score can make a huge difference in how much borrowing power you have and what kind of interest rates you’ll pay on loans.

Opening a credit card account and using it wisely is an easy way to grow your score over time.

The is designed for people who have fair credit and want to work their way towards a better score.

This card comes with tools to help you monitor your credit and members are rewarded for their good payment history with higher credit lines.

MyBankTracker has taken a closer look at the Capital One Platinum MasterCard’s pros and cons.

Keep reading to learn whether it’s a good choice if you’re ready to raise your credit rating.

Go from average credit to excellent credit with no annual fee

Capital One Platinum Card Pros & Cons

ProsCons
  • Good for people who have fair credit and want to start rebuilding their score
  • No annual fee
  • Offers many tools and features to help you stay on top of your credit and paying your bills
  • No fee for balance transfers or foreign transactions
  • Instantly enrolled in Capital One perks which includes roadside assistance and warranty protections
  • Does not offer any rewards or travel miles
  • APR tends to be higher since it's designed for people with lower credit

On the credit scoring scale, average credit puts you right in the middle of the pack between 300 at the low end and a perfect 850 at the high end.

According to Equifax, the average credit would be a FICO score that falls between 550 and 659.

That’s generally good enough to qualify for a mortgage or other types of credit so why should you set your sights higher?

It’s simple. The better your score, the less you’ll pay in interest on what you borrow. Here’s an example of how much money a higher score can save you:

Example of how much money a higher score can save you

Borrower ABorrower B
FICO score: 640 FICO score: 740
Mortgage loan: $250,000Mortgage loan $250,000
Interest rate: 4.5%Interest rate: 3.75%
Total interest paid: $206,017Total interest paid: $166,804
Total savings: $39,213

As you can see, a difference of less than one percentage point saved Borrower B nearly $40,000.

The is aimed at helping people who fall into the average credit category break into the excellent range so they can qualify for better rates.

Capital One Platinum MasterCard credit score tools

When you sign up for this card, you get free access to CreditWise, Capital One’s credit monitoring service. Members can see their TransUnion VantageScore at no charge each month.

This score is based on information in your TransUnion credit report, such as your payment history, how much debt you owe and how often you apply for new credit.

Besides CreditWise, you’re also part of the Credit Steps program. With this program, you’re eligible to have your Capital One Platinum MasterCard credit limit increased after making your first five payments on time.

That can help your score because it improves your credit utilization, which is how much debt you have versus your total credit line.

Here are some quick tips to help you get the most out of these Capital One Platinum MasterCard benefits:

Always pay your bill on time

Payment history makes up 35% of your FICO credit score. Late payments can hurt your score big time so make sure you pay by the due date each month.

Keep your balance to a minimum

30% of your FICO is based on credit utilization, which we explained earlier. If you want to see a positive change in your score, try to keep your balance as low as possible.

Doing these two simple things can add big points to your score

If you’re worried about paying late, sign up for personalized reminders so you always know when your next payment is coming up.

Capital One Platinum MasterCard Annual Fee

Capital One charges annual fees for some of its credit cards but no annual fee for the Capital One Platinum MasterCard.

There’s also no fee for balance transfers or foreign transactions when you use your card to make an international purchase.

You’ll pay a little extra for cash advances, however. The fee for that is $10 or 3% of the advance amount, whichever is greater. There’s also a late fee of up to $40 that kicks in if you miss a payment.

Enjoy hassle-free travel and shopping with Capital One Platinum MasterCard benefits.

Besides being a useful tool for building credit, the Capital One Platinum MasterCard comes with some nice added features.

For example, Capital One keeps an eye on your account 24/7 to look out for suspicious activity. They’ll give you a heads up if they spot anything that looks out of the ordinary.

You also have the flexibility of being able to pick your own due date and set up the Autopay feature for free.

This card has an EMV security chip for in-store shopping protection but you can easily link it to Apple Pay.

Capital One’s customer service is available 24/7 so you can always get help with your account when you need it. To make things easier, you can monitor your account online through the Capital One mobile app.

How being a Capital One Platinum MasterCard member really pays off

In addition to the benefits offered by Capital One, members get a laundry list of Capital One Platinum MasterCard perks, including:

  • Extended warranty protection
  • Price protection and reimbursement
  • Identity theft resolution services
  • 24-hour roadside assistance
  • 24-hour travel assistance
  • $100,000 in travel accident insurance
  • Car rental damage insurance

While this card doesn’t pay out any travel miles, points or other rewards, it’s still a good pick if you spend a lot of time on the road.

No foreign transaction fee, for instance, means traveling overseas won’t cost you anything extra. The other travel features are also pretty generous.

For example, MasterTrip helps with figuring out visa or passport requirements and currency exchange rates if you’re headed to a foreign country.

If your luggage gets lost or stolen, MasterTrip will help you track it down. They don’t, however, reimburse you for any lost luggage costs.

This card covers you if you become ill or you’re hurt in an accident.

Aside from providing $100,000 in travel accident insurance, MasterCard will help you find a physician, fill prescriptions and they’ll even arrange for a relative or friend to be brought to wherever you are if you’re hospitalized.

Those kinds of benefits can come in handy on trips that require you to travel more than 50 miles from home.

Watch out for the higher APR on purchases, transfers and advances

The can help you boost your credit score but there’s a potential downside to keep in mind where the APR is concerned.

The APR, or annual percentage rate, is a measure of how much a particular credit costs over the course of a year if you carry a balance.

A card with a higher APR means you’ll shell out more in interest charges if you don’t pay in full every month.

With this card, the regular APR for purchases, balance transfers and cash advances is steep.

There’s no 0% introductory promotion so you’re stuck paying that rate right off the bat. It’s also worth mentioning that the rate is variable, which means it can go up or down over time as the prime rate changes.

If you’re going to get this card, only charge what you can afford to pay in full each month. Otherwise, you’re going to end up paying a premium on everything you spend.

Final verdict: Is Capital One Platinum MasterCard good if you have average credit?

Average credit isn’t a dealbreaker when it comes to getting approved for loans or credit cards but it will only take you so far.

The is one MyBankTracker would recommend if you’re tired of being stuck in the average credit rut.

The two biggest downsides to this card are the higher APR and the lack of a rewards program.

If your goal is paying less in interest or earning money back on what you spend, you’re probably better off looking into a different option.

Ultimately, this card stands to benefit people who are committed to getting their credit score on the right track and are able to pay their balance in full and on time every month.

Continue Reading

Источник: https://www.mybanktracker.com

Capital One announces premium Venture X credit card, with large welcome offer and array of benefits for avid travelers

The Capital One Venture X Card is the first premium credit card offered by Capital One, and it really packs a punch. With a manageable annual fee, large list of travel benefits and massive welcome bonus, it could make a great addition to your wallet — as long as you can use the perks. If the $395 annual fee seems like to much to bite off it could be worth considering a travel credit card with a lower annual fee.

Additionally, if you decide to apply for the Venture X card, be sure you're able to meet the minimum spend requirements for the 100,000-mile welcome offer. Spending $10,000 in six months could be a stretch, so it may be smart to wait until you have a few large bills or purchases to ensure you complete the bonus. But if you're able to complete it responsibly, this card can get you jumpstarted on taking vacations completely paid for with your Capital One miles.

Catch up on Select's in-depth coverage of personal financetech and toolswellness and more, and follow us on FacebookInstagram and Twitter to stay up to date.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
Источник: https://www.cnbc.com/select/capital-one-announces-venture-x-travel-credit-card/

We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.

  • Intro bonus: N/A
  • Annual fee: $0
  • Regular APR: 26.99% (Variable)
  • Recommended credit score: (No Credit History)

The Capital One Platinum Credit Card* is a no annual fee card that makes a worthwhile option for raising or building credit, especially if you’re looking for an alternative to secured credit cards. Establish healthy credit habits and avoid this card’s high interest rate by charging only purchases you can afford and paying them off in full and on time each month.

At a Glance

  • No annual fee
  • Free, unlimited access to your credit score via Capital One’s CreditWise tool
  • $0 fraud liability if your card is lost or stolen
  • 26.99% variable APR

Pros

  • No annual fee or foreign transaction fees

  • Fraud coverage

  • Automatic credit line review in as little as 6 months

  • Price protection

Cons

  • No rewards

  • High APR

  • No introductory offer

Additional Card Details

The Capital One Platinum card is a no-frills, no annual fee credit card for building credit. In as little as six months, you may be considered for a higher credit limit with automatic credit line reviews.

Fraud protection

You’ll also get $0 liability fraud coverage if your card is lost or stolen, pay no foreign transaction fees, and easily monitor your credit with Capital One’s CreditWise. It’s a free program and it won’t hurt your credit score. Plus, you’ll get alerts if there’s suspected mistakes or suspicious transactions on your account.

Platinum Mastercard benefits

You’ll also get access to Platinum Mastercard benefits, which include price protection, travel accident insurance, roadside assistance, extended warranty, tap-to-pay, and more. Price protection is a fairly rare benefit which protects you against price fluctuations by reimbursing the difference in price after you’ve purchased an item.

Rewards

It does not come with any cash back rewards or the ability to earn Capital One miles for travel, nor does it offer a welcome bonus.

Should You Get This Card?

This card is a good option if you’re looking for a simple, no-annual-fee credit card to build credit or make some basic purchases. Because you can get approved with less-than-stellar credit or little credit history, Capital One Platinum makes a good credit-building alternative to more limiting secured credit cards.

One of the Capital One Platinum card’s best credit-building perks (and added incentive to practice good credit habits) is its potential for an automatic credit line increase after the first six months, if you pay your bills on time. If you’re looking to build or raise your credit, this feature can work in your favor by reducing your credit utilization ratio — the amount of your available credit that you are using.

This card can also be worthwhile if you’re traveling abroad since it doesn’t charge any foreign transaction fees — but if you’re looking to get a credit card with travel perks, look elsewhere, to one of several cards offering travel-related benefits. 

A significant downside of this card is its high APR: a variable rate of 26.99%. This is significantly higher than many other no annual fee cards, and it will result in higher interest charges if you plan to carry a balance. We recommend paying your credit card bills in full when at all possible to avoid paying any interest charges, let alone at a rate close to 30%.  

Another credit-building option to consider from Capital One is the Capital One QuicksilverOne Cash Rewards Credit Card. It offers similar credit-building benefits, including automatic credit line reviews. The QuicksilverOne also charges a $39 annual fee, but you can earn 1.5% cash back on every purchase. If you’re approved for the Capital One Platinum card now, you can also request a product change to a card like QuicksilverOne after a few months to continue building credit long-term.

How to Use the Capital One Platinum Card

To get the most out of the Capital One Platinum card, keep it simple. Don’t charge more than you can afford to pay off at the end of the month, and pay your bills on time — especially in the first six months — so you can potentially get a higher credit limit automatically. 

It’s a solid card for everyday purchases because it does not come with an annual fee. That said, you won’t earn points, miles, or cash back on any purchases.

We do recommend using this card for purchases when prices may fluctuate so you can take advantage of price protection benefits. 

It’s also a decent choice for future international travel thanks to no foreign transaction fees and travel protections. But if you’re looking to earn bonus points on airfare or hotels, you’d be better off with a card like the Chase Sapphire Preferred® Card. It charges a $95 annual fee, but you’ll earn 2x points on flights and hotels, and have the ability to use Chase Ultimate Rewards points to book travel either via partners or the Chase travel portal.

While you should pay your balance in full every month, it’s even more important to do so with the Capital One Platinum since it has such a high APR (26.99% variable). Carrying a balance may also have a negative effect on your credit score. If you’re more likely to carry a balance for any reason, you might look to other no annual fee cards with lower APRs, such as the Wells Fargo Platinum card* or HSBC Gold Mastercard® credit card*.

Capital One Platinum Compared to Other Cards

  • Intro bonus:

    N/A

  • Annual fee:

    $0

  • Regular APR:

    26.99% (Variable)

  • Recommended credit:

    (No Credit History)

  • Learn moreAt our partner’s secure site
  • Intro bonus:

    N/A

  • Annual fee:

    $0

  • Regular APR:

    22.49% (Variable)

  • Recommended credit:

    (No Credit History)

  • Learn moreAt our partner’s secure site
  • Intro bonus:

    N/A

  • Annual fee:

    $39

  • Regular APR:

    26.99% (Variable)

  • Recommended credit:

    (No Credit History)

  • Learn moreAt our partner’s secure site

*All information about the Capital One Platinum Credit Card, Wells Fargo Platinum card, HSBC Gold Mastercard credit card, Citi Secured Mastercard, and Capital One QuicksilverOne Cash Rewards Credit Card has been collected independently by NextAdvisor and has not been reviewed by the issuer.

Bottom Line

EDITORIAL INDEPENDENCE

As with all of our credit card reviews, our analysis is not influenced by any partnerships or advertising relationships.

The Capital One Platinum card is a solid beginner-level credit card. If you’re looking for a card to help build or raise your credit, it’s certainly worth considering.

This card does not have an annual fee, but you also cannot earn cash back or other bonus rewards. And despite its high APR, it can help you improve your credit (if you practice good credit habits), while enjoying benefits such as price protection, extended warranty and the chance to automatically raise your credit limit after six months.

Frequently Asked Questions

What credit score do you need for the Capital One Platinum card?

You’ll need an average credit score (630 – 689) for the best chances of approval for the Capital One Platinum card.

Does the Capital One Platinum card have an annual fee?

No, the Capital One Platinum card does not have an annual fee.

Источник: https://time.com/nextadvisor/credit-cards/capital-one/capital-one-platinum-card-review/

The Union Plus Credit Card Program from Capital One

Credit approval required for all products

Cash Rewards Purchase and Transfer APR: 0% intro rate for the first 12 months from account opening date; 12.9%, 18.9%, or 22.74% variable thereafter, based on your creditworthiness. Transfer Fee: 3% of the amount of each transferred balance that posts to your account during the first 12 months that your account is open, or at a promotional APR that we may offer you at any other time. None for Transfers at the Purchase APR after the first 12 months that your account has been open.

Rate Advantage Purchase and Transfer APR: 0% intro rate for the first 15 months from account opening date; 10.9%, 16.9%, or 20.9% variable thereafter, based on your creditworthiness. Transfer Fee: 3% of the amount of each transferred balance that posts to your account during the first 15 months that your account is open, or at a promotional APR that we may offer you at any other time. None for Transfers at the Purchase APR after the first 15 months that your account has been open.

Primary Access Purchase APR: 23.24% variable APR. Transfer APR: 23.24% variable. Transfer Fee: 3% of the amount of each transferred balance that posts to your account at a promotional APR that we may offer you. None for balances transferred at the Transfer APR.

Terms applicable to Cash Rewards, Rate Advantage and Primary Access Cards: Cash Advance APR: 23.99% variable. Variable APRs will vary with the market, based on the Prime Rate. Cash Advance Fee: greater of 4% of each cash advance amount or $10.

1Benefits Limitations: These hardship assistance grants are provided and administered through the AFL-CIO Mutual Benefit Plan (“The Plan”). Grant amounts can range from $500 to $2,700 and vary by grant type. Specific eligibility criteria may vary by grant type. Certain restrictions, limitations, and qualifications apply, including (but not limited to):

  • A Cardmember may only receive a grant if their Union Plus Credit Card Account was in good standing at time the loss event occurred.
  • A Cardmember may only receive three grants of each grant type for each Union Plus Credit Card Account per their lifetime, but no more than one grant of each grant type per year.
  • A Cardmember may only receive one grant of each grant type for any unique loss event, even across multiple accounts.
  • A Cardmember may only apply for loss events that occurred at least 3 months after becoming a Cardmember.

Additional information about these hardship assistance grants and eligibility criteria can be obtained at UnionPlus.org/Assistance or by calling Union Privilege at 202-293-5330. Cardmembers will receive full details when they receive their card. Certain administrative responsibilities for the Plan have been delegated to Union Privilege. Union Privilege is the non-profit organization established to create and oversee member benefit programs for working families. Coverage may be underwritten and managed by companies that are not affiliated with Mastercard or Capital One, N.A.

2$0 Fraud Liability claims are subject to investigation and verification.

3Certain terms, conditions, and exclusions apply. Contact 1-800-Mastercard (1-800-627-8372) for complete terms and conditions.

4Email survey of Union Plus Credit Cardholders conducted in February 2021 by Union Plus. 6,921 responders; 6,183 answered “Yes” when asked, “Would you recommend the Union Plus Credit Card Program?”


All trademarks or trade names are properties of their respective owner.
The Union Plus Credit Cards are issued by Capital One, N.A., pursuant to a license from Mastercard International Incorporated.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Mailing address: PO Box 30285, Salt Lake City, UT 84130-0285.

This site provides information about and access to financial services offered by the Capital One family of companies, including Capital One Bank (USA), N.A. and Capital One, N.A.
© Capital One. Capital One is a federally registered service mark. All rights reserved.

Источник: https://www.theunioncard.com/afscme-credit-card/

Capital One Platinum Card 2021 Review

Capital One Platinum Credit Card vs. Credit One Bank® Platinum Rewards Visa

For someone rebuilding credit, the Credit One Bank Platinum Visa Card is a potential alternative. While it offers a slightly lower APR (based on creditworthiness) and offers 1% cash back on all purchases, it does carry an annual fee of $0 and a low initial credit limit. Many customers will find the fee structure difficult to look past even after considering the ability to earn cash back.

Capital One Platinum Credit Card vs. Discover it® Student Cash Back

If you’re relatively new to credit cards, the Discover it® Student Cash Back card may compare favorably to the Capital One Platinum. It carries no annual fee and offers 5% cash back on a rotating list of categories (up to a quarterly cap, when activated), along with 1% on all other purchases.

Additionally, at the end of a new cardholder’s first year Discover will provide a dollar-for-dollar match on all cash back earned. Remember, the Capital One Platinum does not provide any cash back.

Capital One Platinum Credit Card vs Capital One QuicksilverOne Cash Rewards Credit Card

There’s another Capital One product to consider: the Capital One QuicksilverOne Cash Rewards Credit Card. The rate and benefits are similar to that of the Platinum, though the QuicksilverOne offers 1.5% cash back on all purchases. It would take $2,600 in spending to offset the $39 annual fee. If you can meet that expense threshold, the QuicksilverOne is the better option. Also, the cash back benefit is versatile: it may be redeemed as a check or statement credit or cover a recent eligible purchase.

Источник: https://www.forbes.com/advisor/credit-cards/reviews/capital-one-platinum-card/

Capital One announces premium Venture X credit card, with large welcome offer and array of benefits for avid travelers

The Capital One Venture X Card is the first premium credit card offered by Capital One, and it really packs a punch. With a manageable annual fee, large list of travel benefits and massive welcome bonus, it could make a great addition to your wallet — as long as you can use the perks. If the $395 annual fee seems like to much to bite off it could be worth considering a travel credit card with a lower annual fee.

Additionally, if you decide to apply for the Venture X card, be sure you're able to meet the minimum spend requirements for the 100,000-mile welcome offer. Spending $10,000 in six months could be a stretch, so it may be smart to wait until you have a few large bills or purchases to ensure you complete the bonus. But if you're able to complete it responsibly, this card can get you jumpstarted on taking vacations completely paid for with your Capital One miles.

Catch up on Select's in-depth coverage of personal financetech and toolswellness and more, and follow us on FacebookInstagram and Twitter to stay up to date.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
Источник: https://www.cnbc.com/select/capital-one-announces-venture-x-travel-credit-card/

Capital One Platinum Credit Card Review

Capital One Platinum Credit CardCapital One Platinum Credit Card

A great credit score can make a huge difference in how much borrowing power you have and what kind of interest rates you’ll pay on loans.

Opening a credit card account and using it wisely is an easy way to grow your score over time.

The is designed for people who have fair credit and want to work their way towards a better score.

This card comes with tools to help you monitor your credit and members are rewarded hdfc bank new account login their good payment history with higher credit lines.

MyBankTracker has taken a closer look at the Capital One Platinum MasterCard’s pros and cons.

Keep reading to learn whether it’s a good choice if you’re ready to raise your credit rating.

Go from average credit to excellent credit with no annual fee

Capital One Platinum Card Pros & Cons

ProsCons
  • Good for people who have fair credit and want to start rebuilding their score
  • No annual fee
  • Offers many tools and features to help you stay on top of your credit and paying your bills
  • No fee for balance transfers or foreign transactions
  • Instantly enrolled in Capital One perks which includes roadside assistance and warranty protections
  • Does not offer any rewards or travel miles
  • APR tends to be higher since it's designed for people with lower credit

On the credit scoring scale, average credit puts you right in the middle of the pack between 300 at the low end and a perfect 850 at the high end.

According to Equifax, the average credit would be a FICO score that falls between 550 and 659.

That’s generally good enough to qualify for a mortgage or other types of credit so why should you set your sights higher?

It’s simple. The better your score, the less you’ll pay in interest on what you borrow. Here’s an example of capital one platinum mastercard credit card much money a higher score can save you:

Example of how much money a higher score can save you

Borrower ABorrower B
FICO score: 640 FICO score: 740
Mortgage loan: $250,000Mortgage loan $250,000
Interest rate: 4.5%Interest rate: 3.75%
Total interest paid: $206,017Total interest paid: $166,804
Total savings: $39,213

As you can see, a difference of less than one percentage point saved Borrower B nearly $40,000.

The is aimed at helping people who fall into the average credit category break into the excellent range so they can qualify for better rates.

Capital One Platinum MasterCard credit score tools

When you sign up for this card, you get comenity bank credit cards access to CreditWise, Capital One’s credit monitoring service. Members can see their TransUnion VantageScore at no charge each month.

This score is based on information in your TransUnion credit report, such as your payment history, how much debt you owe and how often you apply for new credit.

Besides CreditWise, you’re also part of the Credit Steps program. With this program, you’re eligible to have your Capital One Platinum MasterCard credit limit increased after making your first five payments on time.

That can help your score because it improves your credit utilization, which is how much debt you have versus your total credit line.

Here are some quick tips to help you get the most out of these Capital One Platinum MasterCard benefits:

Always pay your bill on time

Payment history makes up 35% of your FICO credit score. Late payments can hurt your score big time so make sure you pay by the due date each month.

Keep your balance to a minimum

30% of your FICO is based on credit utilization, which we explained earlier. If you want to see a positive change in your score, try to keep your balance as low as possible.

Doing these two simple things can add big points to your score

If you’re worried about paying late, sign up for personalized reminders so you always know when your next payment is coming up.

Capital One Platinum MasterCard Annual Fee

Capital One charges annual fees for some of its credit cards but no annual fee for the Capital One Platinum MasterCard.

There’s also no fee for balance transfers or foreign transactions when you use your card to make an international purchase.

You’ll pay a little extra for cash advances, however. The fee for that is $10 or 3% of the advance amount, whichever is greater. There’s also a late fee of up to $40 that kicks in if you miss a payment.

Enjoy hassle-free travel and shopping with Capital One Platinum MasterCard benefits.

Besides being a useful tool for building credit, the Capital One Platinum MasterCard comes with some nice added features.

For example, Capital One keeps an eye on your account 24/7 to look out for suspicious activity. They’ll give you a heads up if they bank of america merchant services phone number anything that looks out of the ordinary.

You also have the flexibility of being able to pick your own due date and set up the Autopay feature for free.

This card has an EMV security chip for in-store shopping protection but you can easily link it to Apple Pay.

Capital One’s customer service is available 24/7 so you can always get help with your account when you need it. To make things easier, you can monitor your account online through the Capital One national weather service edmond ok app.

How being a Capital One Platinum MasterCard member really pays off

In addition to the benefits offered by Capital One, members get a laundry list of Capital One Platinum MasterCard perks, including:

  • Extended warranty protection
  • Price protection and reimbursement
  • Identity theft resolution services
  • 24-hour roadside assistance
  • 24-hour travel assistance
  • $100,000 in travel accident insurance
  • Car rental damage insurance

While this card doesn’t pay out any travel miles, points or other rewards, it’s still a good pick if you spend a lot of time on the road.

No foreign transaction fee, for instance, means traveling overseas won’t cost you anything extra. The other travel features are also pretty generous.

For example, MasterTrip helps with figuring out visa or passport requirements and currency exchange rates if you’re headed to a foreign country.

If your luggage gets lost or stolen, MasterTrip will help you track it down. They don’t, however, reimburse you for any lost luggage costs.

This card covers you if you become ill or you’re hurt in an accident.

Aside from providing $100,000 in travel accident insurance, MasterCard will help you find a physician, fill prescriptions and they’ll even arrange for a relative or friend to be brought to wherever you are if you’re hospitalized.

Those kinds of benefits can come in handy on trips that require you to travel more than 50 miles from home.

Watch out for the higher APR on purchases, transfers and advances

The can help you boost your credit score but there’s a potential downside to keep in mind where the APR is concerned.

The APR, or annual percentage rate, is a measure of how much a particular credit costs over the course of a year if you carry a balance.

A card with a higher APR means you’ll shell out more in interest charges if you don’t pay in full every month.

With this card, the regular APR for purchases, balance transfers and cash advances is steep.

There’s no 0% introductory promotion so you’re stuck paying that rate right off the bat. It’s also worth login to my regions bank account that the rate is variable, which means capital one platinum mastercard credit card can go up or capital one platinum mastercard credit card over time as the prime rate changes.

If you’re going to get this card, only charge what you can afford to pay in full each month. Otherwise, you’re going to end up paying a premium capital one platinum mastercard credit card everything you spend.

Final verdict: Is Capital One Platinum MasterCard good if you have average credit?

Average credit isn’t a dealbreaker when it comes to getting approved for loans or credit cards but it will only take you so far.

The is one MyBankTracker would recommend if you’re tired of being stuck in the average credit rut.

The two biggest downsides to this card are the higher APR and the lack of a rewards program.

If your goal is paying less in interest or earning money back on what you spend, you’re probably better off looking into a different option.

Ultimately, this card stands to benefit people who are committed to getting their credit score on the right track and are able to pay their balance in full and on time every month.

Continue Reading

Источник: https://www.mybanktracker.com

If your credit isn’t that great or you have a limited credit history, signing up for a credit-building card is a great first step to getting your score on track. Since the Capital One Platinum card is designed for people with average credit, you have a good chance at qualifying, even if you’ve made a few mistakes in the past.

Unlike many unsecured credit-building cards, the Capital One Platinum card doesn’t carry an annual fee. And while the card also doesn’t boast a ton of extra perks, its low cost and decent credit-centric features should be a big help if your focus is getting a chance to work on your score without drowning in hidden fees. That said, keep an eye out for the high APR, which could come back to bite you if you wind up carrying a balance.

Why you might want the Capital One Platinum Credit Card

We like the Capital One Platinum card because, unlike many alternative unsecured credit-building cards, it won’t leave you buried in fees, allowing you the peace of mind to focus on building your credit with responsible card use. Features like the ability to increase your credit limit over time and CreditWise credit monitoring will also come in handy on your financial journey.

Low cost of ownership

The Capital One Platinum card is lighter on fees and penalties than similar cards. To start, there’s no annual fee. Since most unsecured cards marketed to consumers with poor or fair credit require a membership fee allen edmonds shoes often charging upwards of $70 per year just to hold the card and sometimes even more in the second year – this is a big plus. If you stay on track with your payments, avoid carrying a balance and otherwise practice responsible card use, you have a chance to build your credit profile with the Capital One Platinum card for free.

And since the Capital One Platinum is an unsecured card, you won’t have to tie up money for months in a security deposit as you would with a secured card – often your only option if you’re trying to build credit without paying an annual fee.

The card doesn’t also incur a penalty APR in case you miss a payment (though it does charge a late payment fee of up to $40), doesn’t charge a fee for returned payments, and, most notably for frequent travelers, charges no foreign transaction fee. This means you can use the card for purchases outside the U.S. without having to pay extra for the privilege.

Clear credit limit increase path and a few helpful tools

While the Capital One Platinum is relatively thin on cardholder perks, it features a couple of noteworthy benefits for credit-builders.

Most notably, the card offers a very straightforward path to a higher credit limit: You’re automatically considered for a higher credit line after six on-time monthly payments. Six months is a pretty standard timeframe for a credit limit increase, but many credit-building cards offer no clear criteria for offering a higher credit limit, with many only promising to review your account periodically. In contrast, the Capital One Platinum gives you simple steps to follow to qualify for a credit limit increase, which can help you lower your credit utilization ratio – a major factor in your credit score – and give you a bit more breathing room.

Another useful credit-building perk is Capital One’s CreditWise feature – a credit monitoring portal you can access to see your credit score and monitor your credit profile. Though this tool is free and united bay community credit union app for anyone whether they have a Capital One card or not, it’s still worth mentioning since monitoring your credit is the best way to make sure you’re improving it over time.

Another reason to consider this card is just how simple it is to use. Capital One’s mobile app makes it easy to manage your account, bank online and pay your bill from your mobile device. You also have the option to set up account alerts that notify you when you’ve made a purchase or a payment is due, along with the option to pick your own due date and payment method. Finally, you can set up autopay for your account to ensure you’ll never forget your monthly bill. Capital One is also highly regarded for its 24/7 live customer service that is available to assist you with issues you can’t resolve online.

You can get approved with fair credit

According to Capital One, this card is geared to consumers with average credit or better. This typically means a FICO score of 580 capital one platinum mastercard credit card higher. Capital One also notes that you could still qualify for this card if you’ve defaulted on a loan in the last five years or you have less than three years of credit history. While there are plenty of subprime cards on the market, most either require a security deposit or come with hefty annual, monthly or activation fees (and sometimes all three). The fact that the Capital One Platinum is both unsecured and charges no annual fee wins it major points according to our credit-building card rating system.

Why you might want another card

The Capital One Platinum is a solid option if you want to save money, focus on building your credit with responsible card use and aren’t worried about earning rewards. But if you tend to carry a balance (which we highly recommend against), it would be better to go with a card that charges a lower APR. And since this is an unsecured card, you’ll also likely start out with a low care credit bill pay limit, which could slow down your credit-building efforts by making it harder to maintain low credit utilization.

Low initial limit

Unfortunately, the Capital One Platinum card is likely to start you off with a pretty small credit line. While Capital One does not list a specific minimum initial credit limit in its terms, unsecured cards in this category typically offer starting limits of around $300 or – if you’re lucky – $500. Even if you get a slightly higher limit to start, this will likely fall short of the potential limit available on many secured credit cards. That’s because secured cards typically let you set your own limit within a broad range of potential credit lines by putting up a matching deposit. High-limit secured credit cards like the Discover it® Secured Credit Card, for example, allow you to secure as much as $2,500 in credit when you put down a matching deposit. A larger credit line can help you build your credit faster, since it makes it easier to keep your credit utilization ratio in check.

High APR

The Capital One Platinum card is not a card you’ll want to carry a balance on due to its high variable APR of 26.99 percent, far higher than the average credit card interest rate and relatively high even for a credit-building card. While high APRs are unavoidable to a degree when you you have a less-than-ideal credit score, several alternative credit-building cards beat out the Capital One Platinum on this front, including secured cards like the OpenSky® Secured Visa® Credit Card – which offers all cardholders a 17.39% variable APR, regardless of credit history – and unsecured cards like the Petal® 2 “Cash Back, No Fees” Visa® Credit Card – which, though its high-end APR matches the Captial One Platinum card’s 26.99% variable APR, at least offers a chance at a rate as low as 12.99% variable based on your financial profile.

If you do sign up for this card to build credit and take advantage of cardholder perks, you should create a plan to pay your balance in full each month and, if needed, only charge small purchases you can pay off right away.

No rewards and limited perks

Another major downside to consider with this card is that it doesn’t offer a rewards program. Since a handful of credit cards geared to consumers with average credit offer the opportunity to earn cash back – with some offering at least 1% back on every purchase you make – this is disappointing. While you won’t have to pay to hold the Capital One Platinum card, you also won’t get rewarded for using it beyond its credit-building potential. The card’s value isn’t helped by its limited benefits, either, with shrug-worthy highlights including the ability to get a replacement card and a cash advance (depending on your available credit) if your card is lost or stolen, $0 fraud liability, and assistance if you become a victim of identity theft.

How does the Capital One Platinum card compare to other capital one platinum mastercard credit card cards?

The Capital One Platinum’s low cost of ownership is easily its most appealing feature and could be enough to make it the us bank auto loan payoff number card for someone with average credit hoping to take their score millennium bank routing number poland the next level – especially if you’re hoping to avoid putting down money in a security deposit. That said, a few other cards available with fair credit are worth a look thanks to their similar low cost and more robust perks. Here are a few of our favorites:

 

Capital One® Secured Mastercard® review

Capital One Territorial savings bank honolulu Secured Credit Card

 

Capital One QuicksilverOne

Capital One QuicksilverOne Cash Rewards Credit Card

 

Petal 1 Visa Credit Card

Petal® 1 "No Annual Fee" Visa® Credit Card

Rewards rate

None

Rewards rate

1.5% cash back on all purchases

Rewards rate

None

Credit limit

See terms

Credit limit

See terms

Credit limit

$300-$5,000

Annual fee

$0

Annual fee

$39

Annual fee

$0

Other things to know
  • $49-$200 deposit requirement (depending on creditworthiness) ($200-$1,000 initial credit limit, depending on your deposit)
Other things to know
  • Account reviewed for possible credit limit increase after 6 months of on-time payments
  • Automatic cash back redemption available
  • No foreign transaction fees
Other things to know
  • No foreign transaction fee and no security deposit required
  • Issuer considers alternative credit data (like income and bill payment history) when evaluating applications, not just credit score
  • Includes money-management tools and free credit reporting

Capital One Platinum card vs. Capital One Platinum Secured Credit Card

Another Capital One option for building credit (with responsible capital one platinum mastercard credit card, of course) is the Capital One Platinum Secured Credit Card, a no annual fee card geared toward consumers with a damaged or limited credit history.

Unlike the Capital One Platinum, the Capital One Platinum Secured is a secured credit card, which means you’ll need to put down a refundable security deposit before you can use the card. While this may not work if you’re short on cash or want to avoid tying up money, it could offer a big advantage if you want more control over your credit limit and, consequently, your credit utilization. Not to mention there’s a possibility you could graduate to an unsecured card, as some users have reported.

Secured cards typically assign you a credit limit that matches your deposit, so if you put down a large amount, you can enjoy a bit more room to spend without worrying about hurting your score with high credit utilization. Additionally, the Platinum Secured card guarantees a minimum initial credit limit of $200 with just a $49 deposit, a unique feature among secured cards. While both cards can help you build your credit with responsible use, which is best for you will depend on your financial situation and habits.

Capital One Platinum card vs. Capital One QuicksilverOne Cash Rewards Credit Card

Another unsecured option from Capital One, the QuicksilverOne Cash Rewards Credit Card offers simple rewards and some limited but noteworthy benefits while also only requiring fair credit to qualify – notably a flat 1.5% cash back rate on all eligible purchases. The tradeoff for a better rewards program is an annual fee of $39 – which, while not the highest among unsecured cards, could be a deal-breaker credit one application went from approved to processing you’re a modest spender and doubt you’d spend enough in a year ($2,600) to cover the cost.  If you tend to carry a balance, the card’s high variable 26.99% APR won’t give you any advantage over the Capital One Platinum card’s rate, either. Like the Platinum card, however, the QuicksilverOne gives you a chance to earn a credit line increase after six months of on-time monthly payments.

Capital One Platinum card vs. Petal 1 “No Annual Fee” Visa Credit Card

The Petal 1 card is a terrific option for credit-builders since it’s available even with bad credit, charges no annual fee, does not require a security deposit and offers a chance at a credit limit as high as $5,000, depending on your credit history and financial profile. The card is also notable for its flexible approvals process: The issuer can consider more than just your credit score when you apply and may take into account other financial data like your bill payment history. This will be a big help if you’ve had some credit missteps in the past but are otherwise on solid financial ground.

How to use the Capital One Platinum card:

  • Use the card for regular purchases you can afford to pay off each month. Never carry a balance since you’ll be charged a high APR if you do.
  • Given you’ll likely start off with a low credit limit, try to keep your spending in check to ensure your credit utilization doesn’t spike, which will negatively impact your credit. Strive to use your card only for small purchases you can pay off right away.
  • Make all of your payments on time to avoid late payment fees and have a better chance at getting a credit limit increase after your first six on-time monthly payments.
  • Take advantage of CreditWise to monitor your credit and ensure you’re staying on track with your credit-building efforts.

Is the Capital One Platinum card right for you?

If you’re looking for a simple, low-cost credit-credit building card that doesn’t require you to put down any money for an annual fee or security deposit, it’s hard to go wrong with the Capital One Platinum. While it won’t offer impressive rewards or perks and carries a high APR, the card gets the job done where it counts – giving you a chance to build credit with responsible use without bombarding you with fees and restrictions.

Источник: https://www.creditcards.com/reviews/capital-one-platinum-credit-card-review/

Capital One Platinum Credit Card

ADVERTISER DISCLOSURE CreditCards.com is an independent, advertising-supported comparison service. The offers that appear on this site are from companies from which CreditCards.com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear within listing categories. Other factors, such as our proprietary website's rules and the likelihood of applicants' credit approval also impact how and where products appear on the site. CreditCards.com does not include the entire universe of available financial or credit offers.
CCDC has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.

EDITORIAL DISCLOSURE All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank's website for the most current information.

CreditCards.com credit ranges are derived from FICO® Score 8, which is one of many different types of credit scores. If you apply for a credit card, the lender may use a different credit score when considering your application for credit.

Источник: https://www.creditcards.com/credit-cards/capital-one-platinum-credit-card/

Screenshots

Description

What’s on the Capital One Mobile app? All of your accounts, and so much more.

Whether you’re out in the world or feeling right at home, you can manage your money with ease:
- View balances and export statements
- Pay bills and take care of loans
- Check in on your credit with CreditWise
- Activate a credit or debit card when you need it
- Redeem rewards on the go
- Send and receive money with friends and family using Zelle®

With capital one platinum mastercard credit card Capital One Mobile app, you can .
- Stay informed when you enable alerts and purchase notifications
- See everything that happens on your card with detailed transactions
- Instantly lock your credit or debit card from anywhere
- Get answers from Eno, your Capital One assistant

Download the app for better banking with Capital One.



Internet access is needed to use the mobile app. Check with your Internet service provider for details of specific fees and charges. Service outages may occur. Capital One customers are responsible for regularly checking their account statements. Push, email, and SMS alerts and notifications, including purchase notifications, must be enabled to be received. CreditWise monitoring and alerts may not be available if the information you enter at enrollment does not match the information in your file at one or more consumer reporting agencies or you do not have a file at one or more consumer reporting agencies. Features may not be available to all customers. Actual experiences may differ from those depicted. Additional terms and limitations apply.

© 2021 Capital One Bank (USA), N.A., and Capital One, N.A. Members FDIC. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license. To read about the Terms of your download, check out the End User License Agreement.

Version 5.90.0

Thanks for using Capital One Mobile. We make regular updates to our app to ensure your experience is top notch. Each new version of our app includes new features to allow you to do more in the app and improvements to make it faster and more reliable!

Updates:
- Defect fixes
- UI fixes

Ratings and Reviews

4.8 out of 5

4.7M Ratings

Good app but quirky lately capital one platinum mastercard credit card

I’ve been using this app for years and prefer it over competitor’s offerings. I like that notifications can be configured and received for every transaction. However within the past week or so, these notifications have been arriving very late — like many hours after the transaction msu mankato calendar 2017 occurred. E.g. if my wife makes a purchase in the morning on her card I won’t see the transaction notification until the afternoon and I have to ask her if that was a legitimate transaction or not. T mobile essentials plan vs t mobile one not very helpful, please look into why these delays are occurring.

EDIT: reduced from 5 stars to 2 stars because the delays in the purchase notifications have gotten absurd. I have iOS and SMS notifications enabled for purchases and both have been arriving OVER TWLEVE HOURS AFTER the actual purchase time. This is plainly ridiculous. Please fix!

EDIT2 (14Jan2020): OK back to five stars for now! The notifications issue seems to have been resolved as the “Instant Purchase Notifications” are back to being “instant”. Overall I have no qualms about this app as it’s easy to use for the few basic things I need it to do, with the notifications thing being at the top of the list. Thank you for the fix!

Not practical for deposit account holders

From what I hear this app and Capital One as a whole is AMAZING for credit card holders but for those that own deposit accounts this app really isn’t that useful! I’ve been banking with Capital One for years and I can honestly say I miss a lot of the features the Capital One Wallet app used to provide. I’d love the developers of this app to take their deposit account holders into consideration and add features like alerts when a deposit is made to my account as well as alerts when a transaction solana made over a certain dollar amount. To be clear, when I say alerts I mean actual notifications to my device sent from the app that appear on my home screen. I don’t want to have to receive alerts via text that is so outdated plus I have enough text threads as it is between work and family. I’m beginning to feel like Capital One isn’t interested in investing in their deposit account holders now or even in the future. I believe teller jobs in banks near me company is more focused and geared towards their credit and lending services. To be fair Chase not only provides these basic notification services to customers but they also have added the ability to view what you spend money on weekly to their app. I do not want to close my accounts and go over to another bank because I truly enjoy banking with Cap. One. I love everything from the customer service all the way down to the debit card design. But I have a feeling I will leave if I don’t see any changes being made.

We appreciate you taking time to provide us with your feedback regarding the app and its features. We're always looking at ways to make our app be the best it can be, so we'll be sure to pass along your feedback to our dev team. If you have any additional feedback to share with us, feel free to update your review.

App”ic” Fail

Capital one app is a convenient way of tracking expenses and making on the spot payments. In our business it was a great card, with multiple users we made payments daily if not twice daily. Apps are made for convenience. However, with the C1 App there is no way to remove draft accounts. Some what Defeats the purpose of having a mobile App. We had someone break into our office and forge checks. Our bank(s) closed our accounts-as we have 3 dba’s. Just as our daily capital one payments were being drafted our accounts were closed. using the Capital one App, we added our new accounts- the only difference in draft account numbers were first 3 digits. The capital one App only shows the last 4 digits. So if you are fnb omaha jobs as we do in our industry, living by our smart phones, you are stuck guessing what account is the correct account to be drafted. Capital one closed our account and refused to reopen it. After 2 years of multiple weekly payments and 10 of thousands spent on the card monthlyour Capital one app failed us by not showing which bank account was which.

Make sure if you change bank accounts you are near a desktop to immediately change draft information because the mobile app will not allow you to delete accounts. We changed over 30 payable accounts due to this forgery nightmare. Capital one is the only card that failed us and closed our account- App is incomplete and still needs work.

The developer, Capital One, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Used to Track You

The following data may be used to track you across apps and websites owned by other companies:

Data Linked to You

The following data may be collected and linked to your identity:

  • Financial Info
  • Contact Info
  • Contacts
  • User Content
  • Identifiers
  • Usage Data

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • Location
  • Usage Data
  • Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More

Information

Seller
Capital One Services, LLC

Size
341 MB

Category
Finance

Compatibility
iPhone
Requires iOS 13.0 or later.
iPad
Requires iPadOS 13.0 or later. capital one platinum mastercard credit card
iPod touch
Requires iOS 13.0 or later.
Languages

English, Spanish

Age Rating
4+

Copyright
© 2021 Capital One Bank (USA), N.A., and Capital One, N.A. Members FDIC. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

Price
Free

Supports

  • Wallet

    Get all of your passes, tickets, cards, and more in one place.

  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

More By This Developer

You Might Also Black victoria secret angels

Источник: https://apps.apple.com/us/app/capital-one-mobile/id407558537

Ultamate Rewards Credit Card

1Valid one time only. Duplicate offers will not be accepted. Excludes gift cards and prior purchases. If approved online, you must be opted into Ulta Beauty emails to receive the 20% off coupon.

2Click here for important rate, fee, and other cost information.

3Mentioned earning based on Base Member level. Offer is exclusive to Ultamate Rewards® or Ultamate Rewards® Mastercard® credit card holders enrolled in the Ultamate Rewards® program. This rewards program is provided by Ulta Beauty® and its terms may change at any time. For full Rewards Terms and Conditions, please see ulta.com/rewards.

4Mentioned earning based on Base Member level. Offer is exclusive to Ultamate Rewards® Mastercard® Credit card holders enrolled in the Ultamate Rewards® program.

5Valid one time only. Offer is exclusive to Ultamate Rewards® Mastercard® Credit card holders enrolled in the Ultamate Rewards® program.

Credit Card offers are subject to credit approval.

Ultamate Rewards® Credit Card Accounts are issued by Comenity Capital Bank.

Ultamate Rewards® Mastercard® Credit Card Accounts are issued by Comenity Capital Bank pursuant to a license from Mastercard International Incorporated. Mastercard and the Mastercard Brand Mark are registered trademarks of Mastercard International Incorporated.

Источник: https://www.ulta.com/creditcards/landingpage.jsp

Capital One Platinum Card 2021 Review

Capital One Platinum Credit Card vs. Credit One Bank® Platinum Rewards Visa

For someone rebuilding credit, the Credit One Bank Platinum Visa Card is a potential alternative. While it offers a slightly lower APR (based on creditworthiness) and offers 1% cash back on all purchases, it does carry an annual fee of $0 and a low initial credit limit. Many customers will find the fee structure difficult to look past even after considering the ability to earn cash bank of america small business credit card login One Platinum Credit Card vs. Discover it® Student Cash Back

If you’re relatively new to credit cards, the Discover it® Student Cash Back card may san jose city college classes fall 2019 favorably to the Capital One Platinum. It carries no annual fee and offers 5% cash back on a rotating list of categories (up to a quarterly cap, when activated), along with 1% on all other purchases.

Additionally, at the end of a new cardholder’s first year Discover will provide a dollar-for-dollar match on all cash back earned. Remember, the Capital One Platinum does not provide any cash back.

Capital One Platinum Credit Card vs Capital One QuicksilverOne Cash Rewards Capital one platinum mastercard credit card Card

There’s another Capital One product to consider: the Capital One QuicksilverOne Cash Rewards Credit Card. The rate and benefits are similar to that of the Platinum, though the QuicksilverOne offers 1.5% cash back on all purchases. It would take $2,600 in spending to offset the $39 annual fee. If you can meet that expense threshold, the QuicksilverOne is the better option. Also, the cash back benefit is versatile: it may be redeemed as a check or statement credit or cover a recent eligible purchase.

Источник: https://www.forbes.com/advisor/credit-cards/reviews/capital-one-platinum-card/

2 Replies to “Capital one platinum mastercard credit card”

Leave a Reply

Your email address will not be published. Required fields are marked *