Reviews

Capital One Platinum Mastercard® review: Building your score has never been easier

Do you want to build your credit score? Check out the Capital One Platinum Mastercard® review. With no annual or foreign transaction fees, this card is perfect for anyone looking to improve their credit. Read on!

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Capital One Platinum Mastercard®: The easiest way to build your score without a secured deposit

Capital One Platinum Credit Card
Understand how the Capital One Platinum Mastercard® works. Source: Capital One

This Capital One Platinum Mastercard® review will show you how to build your score without taking on the responsibility of a secured deposit.

Capital One logo

How to apply for the Capital One Platinum

Learn how to apply for the Capital One Platinum Mastercard® online and quickly. Keep reading to understand if you are eligible!

This powerful card offers valuable perks and features that make it easier for you to start your credit. Keep reading to learn more!

  • Credit Score: Average credit score;
  • Annual Fee: $0;
  • Regular APR: 30.74% variable APR on purchases and balance transfers; 30.74% variable APR for cash advances;
  • Cash Advance Fee: Either $5 or 5% of the amount of each cash advance, whichever is greater.
  • Balance Transfer Fee: $0 at the Transfer APR, 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you;
  • Welcome bonus: Not applied;
  • Rewards: Not applied.

Capital One Platinum Mastercard®: how does it work?

Checking accounting report on business table. Calculator
Discover how you can build credit with this credit card. Read on! Source: Freepik

The Capital One Platinum Mastercard® is a $0 annual and foreign transaction fee credit card that is great for credit building or rebuilding.

It comes with CreditWise from Capital One, which is a tool that helps you track your credit score, so you’ll always know where it stands.

This card also has a 30.74% variable APR for purchases, but you can avoid paying interest if you pay your balances in full and on time.

Still, you will be automatically considered for a higher credit line in as little as six months, which can help you build your credit even more.

The Capital One Platinum Mastercard® still offers fraud coverage and reports your payment history to all three credit bureaus in the US: TransUnion, Equifax, and Experian.

So, use credit with responsibility. Then you’ll be able to build a healthy and attractive score as soon as possible.

Capital One Platinum Mastercard®: should you get one?

The Capital One Platinum Mastercard® is an excellent option for anyone looking to build their credit through responsible use of a credit card.

Let’s review its pros and cons so that you can decide if this card is a good pick for your finances.

Pros

  • It doesn’t charge an annual fee;
  • Helps build or rebuild credit;
  • There’s no foreign transaction fee;
  • It comes with CreditWise so that you can track your score development;
  • An average credit score can qualify;
  • $0 Fraud Liability.

Cons

  • High APR on purchases;
  • There are no rewards;
  • There are welcome bonuses.

Multiple personalized credit card offers

Applying won't hurt your credit score

You will be redirected to another website

Credit score required

The Capital One Platinum Mastercard® is designed for people who need to build or repair their credit score. So, it accepts applicants with an average credit score, which is very low.

Capital One Platinum Mastercard® application: how to do it?

Stay tuned if you enjoyed our Capital One Platinum Mastercard® review and are looking forward to knowing how to apply for it.

The post below will tell you everything you need to know about it. Keep reading to learn more.

Capital One logo

How to apply for the Capital One Platinum

Learn how to apply for the Capital One Platinum Mastercard® online and quickly. Keep reading to understand if you are eligible!

The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

For Capital One products listed on this page, some of the above benefits are provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.

About the author  /  Suzana Brito

I'm a Language Studies graduate and have always been interested in writing and sharing knowledge. By creating content about finances and related products, I believe in contributing to people achieving financial freedom and their goals in life.

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