Capital One Platinum Credit Card vs. Credit One Bank® Platinum X5 Visa®For someone rebuilding credit, the Credit One Bank® Platinum X5 Visa® is a potential alternative. It offers a 26.99% variable APR on purchases and earns 5% cash-back rewards on the first $5,000 of eligible gas, grocery, internet, cable, satellite TV, and mobile phone service purchases each year, then 1% thereafter. All other purchases earn 1%. The card does carry an annual fee of $95 and a low initial credit limit. Many customers will find the fee structure difficult to look past even after considering the ability to earn cash back. Show
Capital One Platinum Credit Card vs. Discover it® Student Cash BackIf you’re relatively new to credit cards, the Discover it® Student Cash Back card may compare favorably to the Capital One Platinum. It carries no annual fee and offers 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, and gas stations, up to the quarterly maximum once activated. Plus, automatically earn unlimited 1% cash back on all other purchases. Additionally, at the end of a new cardholder’s first year Discover will provide a dollar-for-dollar match on all cash back earned. Remember, the Capital One Platinum does not provide any cash back. Capital One Platinum Credit Card vs Capital One QuicksilverOne Cash Rewards Credit CardThere’s another Capital One product to consider: the Capital One QuicksilverOne Cash Rewards Credit Card. The rate and benefits are similar to that of the Platinum, though the QuicksilverOne offers 1.5% cash back on all purchases. It would take $2,600 in spending to offset the $39 annual fee. If you can meet that expense threshold, the QuicksilverOne is the better option. Also, the cash-back benefit is versatile: it may be redeemed as a check or statement credit or cover a recent eligible purchase. Overall card rating4.4 from Credit Karma members Most helpful positive reviewRebuilding My Credit ScoresCredit Karma Member This is my first unsecured credit card since declaring bankruptcy. I had to apply twice before getting approved for it. The first time, I didn't meet their Income threshold. The second time, I was approved for a 500 limit. Still too soon to see any major changes to my Scores 601 to 607, as of August 2022. Most helpful negative review$75 Surprise Fee!!! After using card onceCredit Karma Member Suppose to be No Fee!!!!! Lies!!! Member ratingsAll member reviews (2030)5 stars 1216 4 stars 324 3 stars 99 2 stars 61 1 stars 330 Credit Karma Member Card was okay for my small limit of $500. I would pay it off in full everytime I used it to avoid debt. Not even 2 months after having the card, they closed the account unexpectedly which dropped my credit score over 70 points. I was new to building credit so this really hurt my score. Now I am rebuilding my credit score below average at 650. Stay away! Credit Karma Member They give you a credit card and then they punish you for using it every time you use it your credit goes down you make on Time payments and you're score still goes down, why do they give you a limit if you're not allowed to use it again you get punished for having a credit card and you get punished for making lunchtime payments Credit Karma Member I'm disabled with seizures and it took me years to rebuild my credit. In 2021 I finally got my score up to 720 and applied for this card. I was approved, but after I looked closer at the interest rate I decided not to proceed with the deposit. Well guess what? Simply changing my mind dropped my credit score ONE HUNDRED AND SEVEN points! My credit is ruined! All I did was change my mind and years of hard work and responsible payments were flushed down the toilet. Disgusting! Credit Karma Member I got this credit card through Experian and it was to raise my credit score it didn’t. It actually went down. Credit Karma Member Beware !! Fees!! Fees!! I was charged $10 for a Venmo transaction. Credit Karma Member Credit karma said I had poor chances of getting approved but applied anyways and was approved with $1,000 limit and my credit score was in the 560's I also have capital one secured card of $200 and pay that off multiple times a month so I don't know if that helped me get this unsecured card or not but either way I was approved with a low credit score Credit Karma Member CK stated I had a outstanding chance on getting approved and nope! Totally denied! Credit Karma Member This card literally saved my finances. When was younger I didn't care about credit, racked up collections and my score was abysmal. I didn't use credit for sometime and my score leveled off to 600. This was the second card I applied for (PayPal Credit approved me first) and since I've had it, and used it responsibly my score has gone up 200 points. Thanks to this card, and Capital One for giving me a chance at redemption. I now have excellent credit and don't use this card much
anymore, but if you're in a similar situation like I was, and just need someone to give you a chance... This is the card for you. They will give you a low credit limit, but just buy or pay one bill a month with it, and you'll see your credit on the uptick within a few months! Credit Karma Member My credit was pretty rough but I was able to get approved for $500. I rarely use the card so the balances are always $0 or close to so this has been helping rebuild my credit. Credit Karma Member Credit karma said poor chance of approval and with a lower 600's credit score was approved for several thousand dollar limit. Not the best rewards card but excellent limit and positively effected my credit score right away. Highly recommend. Great capital one app as well. See Approval Odds before you applyWe’ll estimate your chances of approval based on your credit profile. Join today — it’s free! You’ll also get: Sign up
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Average credit limit for capital one platinum card
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