Capital One Platinum Card Reviews - What Is It?
DO NOT USE Capital One Platinum Card!!! You Must Read This Review!
Fully Researched: Price, User Feedback and More!
Capital One is a company that offers twelve different credit cards for consumers to choose from. The most popular options offered by this company include the Capital One Platinum card and the Quicksilver card. Today we are going to take a look at the first one. According to the design for those who have an "average" credit score. Usually it is a person who has defaulted on a loan in the last five years, or the one who has limited credit history. It means that they have only had credit accounts for less than three years. You can benefit from the Capital One Platinum card significantly. This card has no annual fee, a $0 fraud liability and extended warranty on purchases you make on your credit card. You will also receive a travel accident insurance for limb or loss of life if you purchase your travel fare with your credit card.
Other benefits of the card include auto rental insurance (when the car is rented with your credit card), 24-hour roadside assistance if you are locked out or your car breaks down, 24-hours travel help. If your credit card is stolen or lost while you are traveling, you can get a cash advance and an emergency card replacement. You will also receive price protection to return you the difference in price on certain things if you find a lower price for them within 60 days (if you use your credit card). The Capital One Platinum card can be also used with Apple Pay. Remember that it is not a rewards credit card but it still offers access to a higher credit line if you pay on time within the first five months. You will also have access to CreditWise meant for monitoring your credit score.
Customer Reviews - Does Capital One Platinum Card Really Work?
Capital One Platinum Card comes with a number of features. It allows 24/7 account monitoring. The representative of the company will contact you if there is any unusual activity on your account. Your payments can be easily personalized by choosing your own monthly due date and payment method-check, at a local branch or online. You will have 24/7 access to customer service online, on the phone or via mobile device. This card also comes with an extended warranty at no charge on items that are bought with your credit card. It also offers you Auto rental insurance.
If you rent a car with your credit card. Your can will be protected from theft too. There is also travel accident insurance at no extra charge if you buy your fare with your credit card. You will also get 24-hour travel assistance services. Another precious benefit includes 24-hour roadside assistance. It means that you can call them if your car breaks down or you get locked out. Price protection service has been mentioned earlier already. You can get the difference in price on items if you find the same items at a lower price within 60 days from the purchase date.
Capital One Platinum Card has an interest rate at 24.99% APR on purchases and balance transfers. There is no fee for balance transfers and you can choose your own monthly payment due date. You do not have to pay any annual fee either. You can increase your credit lines over time with reliable payments. Your interest costs may go up if you don't pay off your balance in full each month. One can get access to a higher credit line with Credit Steps after paying on time within the first five months. You are covered by $0 Fraud Liability if you lose your card or have it stolen. There is unlimited access to your credit tools and score to monitor your credit profile with the help of CreditWise. It is absolutely free even for those who have no Capital One.
There are many users' reviews on the Capital One Platinum Card. You can find different opinions; however, most of them carry a positive character. One user says that he had some unfortunate events in his life. As a result, his credit rating had gone down, so that the man thought it would never recover. But his Capitol One gave him an opportunity to recover his credit, as well as to take control over his credit score. The user recommends this card to everyone. In general, most people are happy with the Capital One card, especially with its rewards. It can be used for buying gas, groceries and even school supply items. The customer service is wonderful too. Let us have a look at some of the actual users' reviews.
"I have had the CapitalOne Platinum Card since February with an initial credit line of 2000. Now after six months it is 2500. I also have an auto loan with them. I liked the customer service of Capital One. These people are so kind and attentive. I am grateful to them for showing me the love. I do recommend this company to everyone."
"I have excellent credit because of the services the Capital One PlatinumCard offers. I can enjoy monthly auto payments so I am never late. My favorite feature about this card is its 30 day cycle. It is very convenient. I applied for this card through my CWA union. I was approved almost immediately for a $3,000 credit line. Thanks for the perfect customer service, Capital One!"
"I have had serious financial problems for a few years now. My friend recommended me to get approved for Capital One Platinum Card, so I took the chance for this card. I instantly got approved for a $300 balance! I haven't gotten approved for any credit card within the last seven years, so this was pleasant for me. It claims that after the first five months of payments I will get an increase. I am looking forward to that time. Thanks Capital One!"
My Final Summary
Capital One Platinum Card is associated with a lot of pros. It allows cardholders to re-build credit. a special program called Credit Steps allows cardholders to get a higher credit line after five months of payments made on time. Another advantage of this card is that it has no annual fee. It can be freely used to build your credit. You will be able to choose your own monthly payment due date. It means that you can pick any day of the month when your payment will be due. This will allow you to make sure that you have a good cash flow available to pay your bill.
If you are looking for a loan company, consider Capital One and their Platinum credit card. Before making your final decision, you will have to consider your current credit score. If it is estimated as "average", you would benefit from the Capital One Platinum card. It will help you to increase your credit score. Don't forget to consider your credit history and options available on the modern market. The only disadvantage of the Capital One Platinum Card is that it offers no rewards for spending their money. Taking into account all pros and cons of this card, I can certainly recommend Capital One Platinum Card to usage.
Capital One Platinum Card Pricing and Rates
You can apply for the Capital One Platinum Credit Card on the official website of the company. There is no yearly fee. This card is part of the "Credit Steps" program. Due to this program your credit limit will be increased as long as you pay on time during the first five months. This card will give you access to the CreditWise - a service due to which you can monitor your credit score. There are no foreign transaction fees.