The best Capital One first-time credit card is the Capital One Platinum Credit Card because it is available to people with limited credit and has a $0 annual fee. This card doesn’t require a security deposit to open an account, and it comes with the opportunity for a higher credit limit in as little as 6 months.
Best Capital One First-Time Credit Cards
To give you a bit more context, the Capital One QuicksilverOne Cash Rewards Credit Card is Capital One’s first-time credit card for rewards, giving 1.5% cash back on all purchases. But it comes with a $39 annual fee.
For students, there’s the Capital One SavorOne Student Cash Rewards Credit Card, which has a $0 annual fee and gives 5% cash back on hotels and rental cars booked through Capital One Travel, 3% cash back on dining, entertainment, popular streaming services and grocery store purchases, along with 1% back on all other purchases (except for 8% back on Capital One Entertainment purchases and 10% back on purchases made through Uber & Uber Eats).
Another noteworthy Capital One first-time credit card option is the Capital One Platinum Secured Credit Card. It’s also designed to help people build credit. It reports to the major credit bureaus just like an unsecured credit card, but you’ll have to pay a refundable security deposit to open the account. You’re guaranteed a starting credit limit of $200 with an initial deposit of $49, $99 or $200, depending on the specifics of your credit history.
The Capital One Quicksilver Secured Cash Rewards Credit Card is similar, but it doesn’t have the low-deposit options and it does offer rewards.
How to Qualify for the Best Capital One Credit Cards
It’s important to note that when you’re a first-time credit card user, you normally have no credit history. A Capital One first-time credit card is ideal for helping you establish that credit. In time, you’ll qualify for some of the best Capital One credit cards with lower interest rates, higher credit limits, and better rewards and benefits.
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