LOVE LOVE LOVE this card. Before I applied for the card I went over some review on CK just to see what it was about. After reading the reviews about the credit limit increase I applied for my card and had it in less than a week. This is my 3rd credit card since I turned 18 a little over 9 years ago. With a CS of 587 you can probably imagine how excited I was over a small credit line of $300 but hey it was MY small credit line so I was greatful for the opportunity. Anyway....that was on 10/12/15. While looking into the reviews on the CC I came across a review where the individual stated that they used the card for everything and made sure the statement balance was at 25 dollars...they did that for 5 months and their credit limit was increased to 3,300. So I said I wanted to give that a try. So I set up small bills for auto pay using my CC...Netflix...hulu...cell phone...ect. Next I slid my card for ALL miscellaneous items...food...gas...ect. Today is Saturday 12/26/15 and as I was checking to make sure monies had been removed from my billing accounts I noticed my available credit line was 5,279.86 YES AFTER ONLY BEING WITH CAPITAL ONE FOR LESS THAN 90 DAYS they increased my credit limit to 5,300. If I could make any suggestions on this card it would be to use your card as much as possible...DON'T max it out. If you get paid bi-weekly then so should your credit card bill...the ENTIRE balance should be paid. And last is to make sure your STATEMENT balance is $25 or less. I'm not even sure and don't care about a APR because the balance is ALWAYS paid ahead of time. It worked for me and hopefully it works for you. Good luck. And may the odds forever be in your favor.
ADDITIONAL RATINGS YOU MIGHT FIND HELPFUL
- Balance Transfer Intro APR Not Applicable
- Balance Transfer Regular APR 24.99%* Variable
- Annual Fee $0
- Purchase Intro APR Not Applicable
- Purchase Regular APR 24.99%* Variable
The Capital One® Platinum Credit Card is a good choice for people looking to establish or rebuild their credit.
What to Like
Cardholders pay no annual fee. Credit lines start small, but can increase over time with reliable payments. The Capital One® Platinum Credit Card also offers $0 fraud liability if your card is lost or stolen, and there’s no balance transfer fee.
Look Out For
Like a lot of cards geared toward establishing or building credit, this card has a relatively high interest rate. You could face high interest costs if you don’t pay off your balance in full each month.
Most Helpful Positive Review
Most Helpful Negative Review
This was my first card I applied for and was approved for during rebuilding my credit. I was approved for the smallest limit ($300) but I was just happy to be approved for something. After completing the "credit steps" program, I received an auto CLI to $500 which bummed me out because I really thought it was going to be bigger, but then a month later received another auto CLI up to $2300. Only complaint is since they're for rebuilding, the interest is super high so definitely don't want to carry a big balance for long. I dont use this one as much as my Quicksilver One because there are no cash back rewards, but I keep it to help my credit. Thanks for taking a chance on me Cap1 :)
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