Written by Amy 8 months ago
This high interest card is designed for people looking to improve their credit score without paying an annual fee.
Review of the Capital One Platinum Credit Card
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.
The Bottom Line
If your credit is too low to qualify for a rewards card, this card would be an option to build-up your credit score and eventually upgrade to better card.