Guaranteed cardThe Capital One Platinum Secured credit card is exclusively aimed at those who are building or rebuilding their credit history in the market, and precisely for this reason, it guarantees immediate approval. In other words, when you apply, you have a high chance of getting your card right away, without the usual banking bureaucracy.
This is a credit card issued by Capital One, one of the largest credit card companies in the United States. So, you can expect a card with secure transactions and payments, transparent fees, and much more.
Pros vs. Cons of the Capital One Platinum Secured credit card
Check out below some of the best advantages and points to consider about this Capital One card!
Pros
- Guaranteed card to improve or build your credit;
- It does not require credit scoring to be released;
- Zero annual fees for using the credit card;
- Pay the full balance of your card and avoid interest charges;
- No hidden fees in international transactions;
- Card accepted in over 210 countries around the world;
- Use your card responsibly and in 6 months upgrade to the Standard Platinum;
- Automatic alerts whenever your card is used;
- Protection against unauthorized purchases when losing or having your card stolen;
- 50% off on craft drinks at Capital One Café.
Contras
- You need a security deposit to use the card;
- There aren’t many additional benefits, like cashback or a points program.
Why should you choose the Capital One Platinum Secured card?
If there are any doubts, this is a modern, flexible, functional, advantageous, and secure credit card, offering an almost guaranteed option for those who are starting in the credit market or have seen their credit scores affected in recent months.
In practice, this card is an excellent ally for approval, acting as a sort of “passport” to the world of traditional credit, providing an opportunity for those who, for some reason, do not qualify for unsecured cards.
Who is the Capital One Platinum Secured credit card for?
This credit card is highly recommended for those who are starting their financial journey or have had debt issues in the past, as the assessment is more flexible due to the security deposit.
Furthermore, if you are the type of person who dislikes hidden fees, know that Capital One is quite transparent about this. With this card, you won’t pay additional fees on purchases made abroad, and if you pay the bill on time, there are no interest charges either.
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