I Will Tell You The Truth About Capital One Platinum Credit Card In The Next 3 Seconds
One of the first credit cards launched by Capital One was the Platinum Card. It is no doubt a credit card of great quality and offers all the features you would expect from a Platinum Credit Card. The Platinum Card has two different payment options, debit and credit cards. This card also offers an easy to use electronic billing system. All the usual things we expect from a credit card are there; security features, reward points, online account management, etc. However, there is one small glitch that needs to be mentioned.
The one small glitch is the added fee for the security deposit. The reason they do this is to make the card worth something and it makes sense. However, when added to the price of the card it's actually quite a high amount. In fact, it would almost be comparable to getting a brand new car. The security deposit raises your interest rate significantly and is only worth it if you use the card on a fairly regular basis.
It is the lack of security deposit that makes the card worth very little in my opinion. Capital One Platinum card customers should look elsewhere for a credit card because of the ongoing fees, the higher interest rate, and the added annual fee. There are many credit cards with no annual fee, low interest rates, and only a small amount of annual fees.
The other issue with this card is that there is no grace period. Once you apply for the card you have to be ready to commit to the terms and conditions. If you change your mind after the purchase date the refund is delayed and you'll be charged a new purchase price. That could get expensive very quickly. For me, this is too much of a hassle. I'd rather have one of the other cards Capital One offers.
The upside of Capital One cards is that they provide you with an emergency cash advance should your business go under unexpectedly. You don't have to wait until the end of the month. In fact, if you've never taken advantage of that feature before this is one of the best cards you can have. It takes seconds to apply for the cash advance and gives you up to 2 weeks to decide whether or not you want to go through with the transaction. This is an excellent option if you need some emergency cash, but you have to be able to pay it back in a timely manner.
I like the rewards programs associated with this credit card. It includes a gift to every individual who opens an account with Capital One. They offer frequent specials such as free air travel, cash back on all expenditures, cash back on dining, and a 1% cash bonus when you make a purchase. These bonuses are nice, but don't make up for the fees that this credit card charges.
Also, make sure you read all the fine print before you apply. Many people fail to understand what the annual fee, monthly fee, and the interest rate are surprised by the total amount they have to pay at the end of the year. Be sure you know exactly what you will be responsible for each month. If you're not, you may find yourself paying an arm and a leg every month just to keep the credit card in effect.
Don't put it off. Make a decision today and visit the Capital One Platinum Credit Card website to see what this credit card has to offer you. You'll find great deals, low interest rates, and a variety of choices. If you're looking for a credit card with everything you've ever wanted, then take a look at this card and see how easy it is to get a card with everything you need. Then you'll be glad you took advantage of this opportunity.
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