Credit Card Review: Capital One® Classic Platinum

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Some people with limited credit prefer saving for a purchase to paying for it with a credit card. The reason is simple - they do not want to pay high interest. Capital One Classic Platinum Visa will make you look at credit cards in a different way.
It is a credit card for consumers with limited credit, but big plans for the future. The card provides 14.9% non-intro variable APR. What's more, you can make balance transfers without a shade of worry: the balance transfer interest rate is as low as 14.9% and no fee is applicable with this transaction! Depending on the credit score you have, you will be issued $300 - 3000 credit limit. As you see, this Classic Platinum Visa is worth the attention of those who want to take the best credit solution for their credit score. But this is actually not all that can be said about this credit card's benefits. The list of rewards and additional services leaves quite an impression on those who compare this Platinum Visa to a number of other credit cards for limited credit. Shopping: you will get up to 40% discount on featured deals and 10% savings on everything else. This is a unique feature of a fair credit card, which becomes more beneficial than usual when used in the Saving Zone. Many consumers will pay a special attention to additional services and benefits Capital One bank applies to the Platinum Visa card. As well as most credit cards today, Capital One Visa promises $0 fraud liability in case your card is lost or stolen. In the age of inventive identity thieves this feature is irreplaceable, indeed. Anything else?

Yes, there are some more advantages. Visa gives a helping hand to those who lost their credit card or the card was stolen. 24/7 travel & emergency assistance means that your lost plastic will be replaced by an emergency card and cash advance will be provided if you need it. Plus, 24-hour roadside assistance is at your disposal, if your car breaks down or you get some other trouble on the road. You can call and the bank will send someone to help you. An attractive addition to these services is travel accident insurance which is in effect all around the world, if you pay for your fare with the credit card. People, who like to rent a car while traveling for pleasure or on business, will be glad to use auto rental insurance with their Capital One Classic Visa Platinum. The service comes into effect if you use your plastic for car rental and includes collision, damage and loss insurance. Making purchases is also safer with Capital One Visa: the bank presents extended warranty program at no extra charge. The warranty is applicable on items bought with your credit card, of course. Thus, we can clearly see that Capital One has a credit card to satisfy the needs of a savvy consumer who is striving to better things in life.

(Review Updated: September 30, 2008)

0% Intro APR on Purchases for until February 2009
14.9% Regular Variable APR for Purchases
22.9% Regular Variable APR for Cash Advances

$19 Annual Fee
25 days Grace Period

(* A 0% intro rate is available on purchases until February 2009)

Finance Configuration: Average daily balance (including new purchases)

Additional Cardholders: $0

Late Payment Fee: Your late payment fee will be based on the amount of your account balance at the time the fee is applied. Balance of $0 - $99.99 = $15 fee; balance of $100 - $249.99 = $29 fee; balances of $250 or more = $39 fee.

Over-The-Limit Fee: $19

Cash Advance Fee: 3% of amount of the cash advance, but not less than $10.

Balance Transfer Fee: n/a

Minimum Credit Limit: $300

Maximum Credit Limit: $ 3,000

Type of Reward: None

Additional Features for Capital One® Classic Platinum - Visa:

Various Internet account related services.
Various card designs.
Extended warranty for purchases.
Travel accident insurance.
Roadside assistance.
Access to Exclusive Savings at Capital One Savings Zone.
See website for additional benefits.

Important Notes for Capital One® Classic Platinum - Visa:

See website for complete terms and conditions of card usage and application disclosure.

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Notes: The review on Capital One® Classic Platinum - Visa was updated on September 30, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.