What is the best Capital One first time credit card?

Question

One of the best Capital One credit cards for no credit is the Capital One Platinum Credit Card. This card does not require a security deposit to open the account and has a $0 annual fee. Capital One Platinum also reports monthly to all three major credit bureaus. That’s all you need to build credit inexpensively.

… read full answer

If you want a card with rewards and don’t mind paying an annual fee, the Capital One QuicksilverOne Cash Rewards Credit Card offers 1.5% cash back on all purchases. The annual fee is $39.

Best Capital One Credit Cards for No Credit

Build Credit: Capital One Platinum Credit CardCapital One Platinum Credit CardLearn MoreLearn More
Cash Back: Capital One QuicksilverOne Cash Rewards Credit CardCapital One QuicksilverOne Cash Rewards Credit CardLearn MoreLearn More
No Annual Fee: Capital One Quicksilver Secured Cash Rewards Credit CardCapital One Quicksilver Secured Cash Rewards Credit CardLearn MoreLearn More
For Students: Journey Student Rewards from Capital OneJourney Student Rewards from Capital OneLearn MoreLearn More

All these cards will allow you to establish a credit history and build a good credit score over time. But you have to pay the bills on time and keep your spending in check. Keep in mind that if you pay your bill on time for the first six months, you’ll also be considered for a credit limit increase.

Ultimately, if you’re not loyal to Capital One, you can check our editors’ latest picks for the best credit cards for people with no credit to weigh your options.

show less

Answer 1 · 2023-01-19 17:10:51

see this user

Lisa Cahill, Credit Cards Moderator

@lisacahill • 01/19/23 This answer was first published on 04/07/21 and it was last updated on 01/19/23.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

Permalink Report Abuse

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

No Annual Fee: Capital One Platinum Credit CardCapital One Platinum Credit CardLearn MoreLearn More
Cash Back Rewards: Capital One QuicksilverOne Cash Rewards Credit CardCapital One QuicksilverOne Cash Rewards Credit CardLearn MoreLearn More
Secured Card with Rewards: Capital One Quicksilver Secured Cash Rewards Credit CardCapital One Quicksilver Secured Cash Rewards Credit CardLearn MoreLearn More
Students: Capital One SavorOne Student Cash Rewards Credit CardCapital One SavorOne Student Cash Rewards Credit CardLearn MoreLearn More
Credit Building: Capital One Platinum Secured Credit CardCapital One Platinum Secured Credit CardLearn MoreLearn More

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.

What is the best Capital One first time credit card?

Lisa Cahill, Credit Cards Moderator

Best Capital One First-Time Credit Cards

How to Qualify for the Best Capital One Credit Cards

2023's Best Capital One Credit Cards

People also ask

What's the best Capital One credit card for no credit?

What are the Capital One credit card requirements?

What is the easiest Capital One credit card to get?

Join WalletHub