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Capital One Platinum Review Rebuild Credit Score - YouTube
Channel: CreditFast
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hello today I'm going to talk about the
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Capital One platinum credit card this is
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the credit card that helped me rebuild
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my credit if you have bad credit or fair
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credit and you're looking to increase
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your credit score and you want to know
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how Capital One can help you stick
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around
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[Music]
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Capital One is a great credit card to
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work with because they offer credit
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products for people who don't have the
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best credit and they give them the
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opportunity to build a relationship with
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them early on I got a lot of perks that
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I couldn't even believe and I fully
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appreciated such as being upgraded to
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Quicksilver and I like the fact that if
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I travel I don't have to pay for our
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transaction fees these are a lot of
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great features that people that had that
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have fair credit or bad credit don't
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really expect to see so I fully
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recommend Capital One as a credit card
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company to have for your first credit
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card there are a lot of benefits to
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being a capital one card holder here is
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a simple breakdown of some of the key
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features that you will enjoy just by
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being a card holder of Capital One but
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wait there's even more benefits that
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Capital One offers its customers the
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great thing about having any Capital One
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credit card is that they provide you
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free credit monitoring with the service
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called credit wise I use this early on
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and I found this invaluable because I
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was able to see my credit score and how
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it was improving as I was making my
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payments on time and it gave me a good
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indication of where I was at now at that
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time I only have one credit card and I
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didn't want to apply for a second credit
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card until my credit score increased and
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in the past you really didn't worked
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able to do that so without paying for a
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service but with Capital One they give
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this to you for free and I did that I
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monitored it and I found that after 6
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months 7 months I had a credit score a
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little bit higher and that I would be in
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a position to apply for another
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cart with the no annual fee with having
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a high likelihood of being approved I
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highly recommend taking the time to sign
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up for credit wise a lot of us live in
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border states so we either travel to
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Canada or Mexico on a semi-regular basis
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so with this card you can go over and
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eat at a restaurant do some shopping and
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you can make purchases in foreign
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currencies and not be charged any fees
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there are very few credit cards
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especially in the level with people who
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have bad credit scores or fair credit
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scores that offer this you can make your
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purchases on your Capital One credit
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card and you will not be charged for our
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transaction fees no Capital One credit
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card charges for our transaction fees
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you don't even have to think about it
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just use it but wait Capital One offers
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its customers even more travel benefits
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i'm credit fast comm i posted a review
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article on the capital 1 platinum credit
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card i list pros and cons of having this
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credit card it goes into further detail
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that I might not get into in this video
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if you're interested in reading it just
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wait till the end of the video and there
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will be a card at the end that you can
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click on and it will take you directly
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there I just want everyone to know that
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if they have simple questions about
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credit they can leave their questions
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below any of my videos and I will try to
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do my best to try to answer them or you
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can go to credit fast comm if there's an
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article that you've read and you had
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further questions just leave a question
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I'll do my like I said I'll do my best
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to answer them I received a letter in
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the mail one day offering me this credit
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card and I didn't I couldn't even
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believe that it could possibly be true
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because I had bad credit due to a
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foreclosure so I couldn't possibly see
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how I could get this credit card offers
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so
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just out of curiosity I had nothing to
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lose I accepted their offer I went
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online and amazingly they approved me it
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was only for $300 but I was amazed that
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that happened the Capital One platinum
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credit card is geared more for people
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with fair credit some people like me got
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lucky and were able to get approved for
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it with bad credit but sometimes you
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might want to take a more honest
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assessment that if you really have bad
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credit such as you're just done with a
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bankruptcy you probably will not get
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approved for the platinum credit card
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from Capital One and you might need to
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look at their secured option which isn't
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that bad of an option because they do
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offer a fair credit line you can secure
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a credit line for $200 to get a 200
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dollar line of credit sometimes they'll
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only ask for $100 deposit or even a $50
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deposit credit card to consider if you
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have very bad credit is the open-skies
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secured credit card I just did a review
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on that credit card last week I will
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link that video in the card at the end
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of this video because there are so many
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circumstances that are required to get
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approved for a credit card you may not
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get approved for this credit card or
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another credit card that you apply for
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but what I have found for my personal
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experience is that sometimes maybe a
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month later two months later that same
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credit card company will send you a
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letter and it's more of a pre-approved
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invitation offer to get their credit
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card either the same credit card a
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similar product or maybe a lower product
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so in only a few short months I was
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offered the upgrade of the Capital One
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quicksilver credit card one of the
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reasons I really like Capital One is
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that only having the Capital One
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Platinum credit card for a few months I
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was offered the opportunity to upgrade
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to Quicksilver and what that basically
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means is same thing a credit card with
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no annual fees but now I was earning
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1.5% cash back and that's unheard of I
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still had Fair Credit on the low end of
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Fair Credit close to bad credit and they
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gave me a rewards credit card this early
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in the game so yes I am loyal to Capital
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One and that's one of the big reasons
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why the interest rate on the Capital One
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platinum credit card is rather high but
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when you're building credit you don't
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want to pay interest at all you always
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want to pay your credit card balances in
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full so because of that you will not pay
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interest and this high interest rate
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does not matter I've had very good
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experiences with Capital One I always
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pay my balances in full every month I
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leave my credit utilization below 20%
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and this credit card really helped me
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increase my credit score I have had it
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for over two years now I do not plan to
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ever cancel it it's going to be a keeper
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card remember if you want to learn even
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more about the Capital One platinum
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credit card click here and read our full
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review these are the credit fast calm
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social media accounts you can find links
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to them all in the description of this
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video below if you'd like to find more
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credit cards that have easy credit card
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approval think of joining our Facebook
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group I do videos on bad credit and good
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credit think of subscribing to my
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channel if you have bad credit and
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follow my advice and you will in the
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near future have reason to watch my
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videos on good credit
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