Spend less on fees
You won’t earn any rewards on this card, but you will save money on fees. The Capital One Platinum Credit Card has a $0 annual fee, and you'll pay no foreign transaction fees on overseas purchases (see rates and fees).
Earn the chance to boost your credit limit
Make payments on time and you could get your credit limit increased in as little as six months. A higher credit limit — if not used — could lower your credit utilization and have a positive impact on your credit scores.
Get a report to all 3 major credit bureaus
A card that reports payments to all three major credit bureaus — TransUnion, Experian and Equifax — can help you build credit. These companies record the information used to calculate your credit scores, which is a key step in establishing credit.
Avoid a penalty APR for late payments
If you ever forget a payment, the Capital One Platinum Credit Card won’t raise your APR if you’re late. You’ll still have to pay a late fee, but you’ll avoid additional charges.
