The Capital One Platinum Mastercard is a great tool for building a solid credit. This card is for people who need more advanced applications for average to good credit. In fact, many people with poor credit are being approved. If your credit rating has fallen below the threshold of this card you might have difficulty getting another one. However, you can still apply for the Capital One Platinum Mastercard and if you are approved you could be able to get another one.
The credit cards are issued by a company called CapitalOne. They specialize in providing business credit cards. They also have cards for individuals who want to build credit. There are many benefits that you will receive from using this card. One of these benefits is that you do not have to pay the application fee. Other cards may charge an application fee but you will not pay it. In addition to being free, you can be approved for a larger amount of credit than you would be on a credit card that requires an application fee.
Credit cards are not just for those who have good or bad credit. It is possible to get a card with no credit at all. If you have had bad credit in the past you may still qualify for the Capital One Platinum Mastercard. You can also use this card in order to pay off some debts that you have. If you have a high credit line, you will likely be approved for a lower limit card than if you have no credit. You will also receive better interest rates if you have credit than if you do not. A card that does not require a credit check will help you build your credit score in a more timely manner.
If you decide that you do not need the card and you wish to cancel it, you will be able to do so. There is no penalty for canceling it. If you have had any delinquencies on your account you will not be charged fees for closing your account. As you pay off your balance this will help your score as well. If you have a lot of late payments or accounts that are overdue this can lower your credit score.
If you are looking to make a purchase, you may not be able to apply for credit cards with no credit. If you are not careful about what types of purchases you make, you could find yourself paying a higher interest rate than you would if you had good credit. Therefore, you may not be able to get the best price possible for a used car or apartment.
You can apply for the Capital One Platinum Mastercard by calling their customer service department. If you qualify you can receive a free application or free online quote. The application process will only take a few minutes.