As mentioned earlier, it’s possible to improve your credit without incurring expenses. The CapOne Platinum card facilitates this by not charging an annual fee, providing free tools to help you manage your credit, and providing complimentary useful benefits.
No Annual Fee or Security Deposit
You do not need to pay an annual credit card fee or come up with a security deposit to start the credit improvement process. One of the big benefits of the CapOne Platinum card is that it does not charge an annual fee and, unlike secured credit cards, there is no upfront deposit needed to be approved.
Convenient and Simple Online Account Access
Capital One provides an easy-to-use mobile app for managing your CapOne Platinum card. You can set up handy payment reminders, keep track of your transactions, and monitor your account at any time. You can also manage your account online on your laptop or PC.
Free Credit Monitoring
Keep an eye on how you’re progressing towards your goal of good credit with the CreditWise tool. Capital One provides unlimited access to keep track of your credit score and tools to help you manage your progress.
Pick Your Own Due Date
Selecting a payment due date that coincides with your paycheck may help you keep your account current and make building an on-time payment history easier.
Earn a Higher Credit Limit
You can count on a minimum credit limit of just $300 when you’re approved for the CapOne Platinum card. Make 6 consecutive on-time payments, however, and you will be eligible for a credit limit increase.
No Penalty APR for Late Payments
Many credit cards impose a severe elevated APR when payments are made after the due date. The CapOne Platinum card does not. You would just pay the normal APR, which is shown in the tables below.