![]() ![]() This site does not include all companies or products available within the market. The compensation we receive for those placements affects how and where advertisers’ offers appear on the site. First, we provide paid placements to advertisers to present their offers. This compensation comes from two main sources. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective. Also, the cash-back benefit is versatile: it may be redeemed as a check or statement credit or cover a recent eligible purchase. If you can meet that expense threshold, the QuicksilverOne is the better option. It would take $2,600 in spending to offset the $39 annual fee. The rate and benefits are similar to that of the Platinum, though the QuicksilverOne offers 1.5% cash back on all purchases. There’s another Capital One product to consider: the Capital One QuicksilverOne Cash Rewards Credit Card. Capital One Platinum Credit Card vs Capital One QuicksilverOne Cash Rewards Credit Card Remember, the Capital One Platinum does not provide any cash back. Plus, automatically earn unlimited 1% cash back on all other purchases.Īdditionally, at the end of a new cardholder’s first year Discover will provide a dollar-for-dollar match on all cash back earned. It carries no annual fee and offers 5% cash back on everyday purchases at different places each quarter like, grocery stores, restaurants, gas stations and when paying with PayPal, up to the quarterly maximum once activated. If you’re relatively new to credit cards, the Discover it® Student Cash Back card may compare favorably to the Capital One Platinum. Many customers will find the fee structure difficult to look past even after considering the ability to earn cash back. The card does carry an annual fee of $95 and a low initial credit limit. It offers a 25.49% 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. Credit One Bank® Platinum X5 Visa®įor someone rebuilding credit, the Credit One Bank® Platinum X5 Visa® is a potential alternative. But there are other cards on the market with similar attributes that offer rewards and other valuable perks too.Ĭapital One Platinum Credit Card vs. The card’s lack of annual fees and ability to receive a credit line increase automatically with responsible payment behavior are definitely advantages. Note that the card has a high APR, making it crucial to pay the balance in full each month. With this card you can qualify for a credit line increase in as little as six months with responsible credit usage and on-time payments. Capital One typically checks all three credit bureaus when you submit an application so prequalification can be an advantageous way to test the waters as to whether you’re likely to be approved This card, however, has none of these drawbacks.Ĭapital One allows potential customers to check for pre-qualified offers, without impacting your credit via a hard credit check. Most of the time, cards aimed at this segment carry annual fees, opening fees and/or may require an upfront security deposit. The Capital One Platinum is a no-frills starter credit card designed primarily for those with either limited credit history or seeking a credit builder card. ![]()
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