Financial hardship arises, whether due to job loss, a medical emergency, a natural disaster, or some other reason. For people who have struggled to pay their bills and make their creditworthiness suffer, the Capital One Platinum Credit Card could be an option to return to the good graces of credit bureaus. The same goes for a young adult without a credit history. Due to transfer fees, we generally do not recommend this card for credit transfers. But it`s a great option if you have a big purchase that will take a few months to pay. It has an annual effective introductory rate of 0% Intro APR for purchases for 15 months, then the current annual effective rate of 15.49% – 25.49% VARIABLE APR. If you have a lack of credit history or no credit history, the Capital One Platinum credit card is worth a thought, and it`s a good way to build a credit statement without paying an annual fee. If you used a credit card outside the United States, you may be familiar with foreign transactions or FX fees and surcharges on your bill if you make a purchase made by a foreign bank or in a currency other than the U.S. dollar. FX fees, usually around 3%, can approach consumers as these fees are not well understood and are often buried in your credit card terms and conditions.

With no annual fee, this card could be a handy tool to rebuild your credit for free. Their initial credit limit will likely be low, so it would be a prudent course to use less than 30% of that limit, charge a regular fee, and pay the full balance every month until the due date. The Capital One Platinum credit card`s annual effective rate of 26.99% (variable) makes this card a dubious choice to support any credit at any time. In September, the average percentage data for U.S. credit cards was about 17.40 percent. The quintessence: This card`s 1.5% cashback rate set a new standard. Winning easily and making it a simple cashing out make it a winner. Capital One has some restrictions on card authorization. For example, you will not be allowed if you have another Capital One card with an amount overdue or a credit above the limit. if you have two or more cards open with Capital One or one that has been unloaded in the last 12 months. If you have a Capital One Platinum credit card, you are also entitled to travel accident insurance and you can purchase automatic insurance for a guaranteed loss at no additional cost if you use your credit card to purchase the ticket price. A person`s starting line of credit with Capital One Platinum Credit Card will likely be relatively low: $300 is pretty standard for a consumer with limited credit.

Both cards earn 1.5% cashback, but the Capital One Quicksilver Cash Rewards credit card requires a voucher to excellent credit to qualify. It has an annual fee of $0 and a sign-up bonus. You can qualify for the Capital One QuicksilverOne Cash Rewards credit card with fair credits, but it charges an annual fee of $39 and doesn`t offer bonuses. For starters, the Capital One Platinum credit card offers a $0 annual fee and no wire transfer fee (in contrast, many other cards charge 3% to 5% to move a credit from another card) . . .