Capital One Platinum Credit Card Review
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Where ‘average’, according to the bank providing, implies either limited credit history or default on a loan within the past five years.
Choosing this credit card people with such seemingly unfavorable for the bank qualities can not only have their own credit card but also take advantage of its special features.
Like travel and auto rental insurance, free extended warranty, balance transfer, annual account summary, financial tools and tips, etc.
Capital One Platinum Mastercard Credit Card Review:
More on Who Can Qualify for the Card
If you are 18 years old or above, you can qualify for Capital One Platinum Credit Card.
Additionally, the following categories of customers can also apply for it:
– Three years or fewer credit cards owners.
– People that have never had their own credit card in the U.S. (e.g., recent immigrants, other authorized users or joint account holders on someone else’s CC).
– People having a valid SSN.
Platinum Credit Card Details
- There is no annual fee, max over-limit fee, max penalty APR and foreign transaction fee.
- It provides the longest possible grace period (25 days) and max late fee amounts to $35.
- Cash advance fee amounts to 3% (min $10) and cash advance rate to 24.9%.
- Platinum Credit Card issued by Capital One features a smart feature (chip-and-signature).
Benefits of Capital One Platinum Mastercard
As Platinum MasterCard this one comes with a number of benefits:
- It stipulates credit limit increase. If payments made during the first five months are on time, the holder can qualify for this offer.
- There is $0 fraud liability: if the card is stolen/lost, the owner won’t be responsible for fraudulent transactions made on it.
- To be fully informed the holder can manage his/her account 24/7 using an online banking option. Likewise, an account can be accessible from a smart phone via the bank’s mobile app.
- Using Capital One Platinum Credit Card a person has a free unlimited access to monitoring his/her credit profile via Capital One Credit Tracker.
- Finally, with text message alerts and personalized emails service the owner will be able to keep track of each and every spending.
There are some other benefits except these major ones that will be not less appreciated by customers.
Firstly, choosing cover image or design (of hundreds available) the holder can personalize his/her card.
Secondly, all payment features are customizable; the holder can choose his/her own monthly due date, preferred payment method as well as autoplay option).
Finally, it provides major travel related options (insurance, 24-hour travel assistance, etc.).