Capital One Platinum Credit Card from American Express is considered as one of the top credit cards today. It offers a lot of benefits and perks to every consumer. It does not come with an annual fee unlike other cards out there, but does include a cash back option as one of the rewards for using this card. Cash back will earn you money each time you use your card to make purchases, and that will be added up to a certain amount, called the cash rebate.
The annual fee is not as much as people think. This credit card has a low 0.08% annual fee. Some other cards may have annual fees as high as one hundred dollars. You will definitely get your money's worth considering that you get double your money back with this credit card, because it counts as two purchases for your credit history. So in effect, you actually get three times your annual fee back.
Aside from getting your cash back rewards, you can also enjoy having free membership in a rewards program. This card also has twenty thousand miles for you to use whenever you travel. If you travel often, or if you need to travel frequently, this card can really help you save a lot of money on airfare costs. This card also has no annual fee, which means that you will not need to pay extra for having it.
Capital One Credit Card has a zero percent introductory rate during your introductory period. This means that you will only be paying the normal interest rate once your introductory period is over. With Capital One Platinum Card, you are able to manage your credit better because of the low interest rate. You are also able to build up your credit score gradually because of the low APR. You will not be charged any late payment fees, so you can easily pay off your balance every month.
The downside of this Capital One Credit Card is that you are not able to avail the service when you are traveling abroad. Also, some people claimed that their ability to pay for the monthly bill was less than satisfactory. They also said that the application process of the card took too long. In fact, this card is not without its drawbacks.
There are other credit cards offered by Capital One such as the Platinum Select and the Silver Premier. However, Capital One Platinum Card has many advantages over these other credit cards. These include the rewards, low interest rate, and complimentary international services. Aside from these benefits, Capital One also provides additional protections against fraud and identity theft.