The main advantage to the Capital One Platinum Credit Card is that it carries no annual fee and will allow you to improve your credit score. Otherwise, the lack of a rewards structure and its high interest rate make this an unattractive option unless you are looking to transfer a balance from an even higher penalty APR on the other account. Once your credit history improves, a good upgrade from this card would be the Capital One Quicksilver Rewards Credit Card.
Ease of Reward Redemption
Perks & Features
This table shows approximate credit score category ratings based on FICO® Score 8 and should only be used as a general guide.