![]() It's available to everyone - you don't need the Capital One Platinum Credit Card to enroll - but it's a handy feature, especially if you want to keep a close eye on changes to your credit score. Capital One CreditWiseĬapital One CreditWise is a free program that offers credit monitoring and identity theft protection. ![]() Getting a higher credit limit, combined with not carrying a balance, can improve your overall credit utilization ratio and potentially increase your credit score. ![]() Automatic credit line reviewsĪfter six months of on-time payments, Capital One will automatically consider you for a credit line increase. However, it does offer a few features that are helpful for building credit and keeping an eye on your finances. The Capital One Platinum Credit Card doesn't earn rewards, and as a no-annual-fee credit card for beginners, it's pretty lean on benefits. ![]() Capital One Platinum Credit Card Benefits and features The Capital One Platinum Credit Card doesn't offer a welcome bonus or earn rewards for spending. When using a credit card, it's important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay. These cards won't be worth it if you're paying interest or late fees. We're focused here on the rewards and perks that come with each card. Check out our guide to the best credit cards for bad credit and the best secured credit cards. If your credit score still needs some work to get into the "fair" range, there are still cards you might qualify for. Or, if you're a student, consider the Capital One SavorOne Student Cash Rewards Credit Card or Capital One Quicksilver Student Cash Rewards Credit Card, both of which earn rewards and come with a welcome bonus offer. There are other Capital One credit cards that only recommend a fair credit score but do earn rewards - for example, the Capital One QuicksilverOne Cash Rewards Credit Card earns 5% cash back on hotels and rental cars booked through Capital One Travel and 1.5% cash back on all other purchases. After six months, you'll automatically be considered for a credit line increase, which can potentially help boost your credit score by increasing the amount of credit available to you. That said, if your aim is to improve your credit score, the Capital One Platinum Credit Card does offer a useful feature. That might not matter to you if you're just starting out and are focused on building your credit history, but if you've already established a decent financial track record, you may want to look at one of the best rewards credit cards instead. If you're looking to earn points, miles, or cash back, you're out of luck - the Capital One Platinum Credit Card doesn't offer a welcome bonus and you won't earn rewards for your spending. Capital One Platinum Credit Card Review: Is It the Best Credit Card for You? Unlike some starter credit cards, the Capital One Platinum Credit Card doesn't charge an annual fee or add foreign transaction fees - and it's an unsecured card, so you don't have to put down a cash deposit as collateral. The Capital One Platinum Credit Card falls under this umbrella, and it's worth a look if you're new to credit. Fortunately, there are cards specifically geared toward those with average or "fair" credit - defined by FICO as a score in the 580–669 range. Whether you're a student with a limited credit history or someone who's bouncing back after some financial hiccups, getting approved for the best credit cards can be challenging. While it doesn't earn rewards or offer many benefits, it could be a good stepping stone in your credit journey - and you won't pay an annual fee or foreign transaction fees. The Capital One Platinum Credit Card is worth considering if you're new to credit or trying to improve your credit score. ![]()
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