Your credit score isn’t the only thing that will affect your ability to get approved for a Capital One credit card. Your income and debt will play a big role, too. But figuring out which Capital One credit card to apply for doesn’t have to be a guessing game. Capital One lets you check which of its cards you pre-qualify for, without hurting your credit score. Pre-qualifying for a card means your odds of approval are very high, should you decide to submit an official application.
The best Capital One starter card is the Capital One Platinum Credit Card because it has a $0 annual fee and is available to people with limited or no credit history. Capital One Platinum does not offer rewards, but it does help cardholders build credit by reporting to the three major credit bureaus monthly. Plus, cardholders become eligible for a credit limit increase in as little as 6 months. … read full answer
That’s not the only option, though. Capital One is a rare credit card company with several good starter cards. They include a starter credit card for students with no credit, a rewards card for newcomers, a business credit card for no credit, and even a fresh start card for people with damaged credit. Which you choose really depends on who you are and how much you plan to spend.
For people with no credit who expect to spend at least $2,600 per year, the Capital One QuicksilverOne Cash Rewards Credit Card is the best starter credit card Capital One has to offer. It gives 1.5% cash back on all purchases, with no earning limit, but charges a $39 annual fee. And folks looking for a fresh start might want to begin with the Capital One Platinum Secured Credit Card for high approval odds. It requires a deposit of $49, $99 or $200 but guarantees a $200 credit limit.
One great quality that all Capital One starter cards share is $0 foreign transaction fees. No Capital One credit cards charge them. So, you won’t have to pay extra when buying from foreign-based merchants.
The best Capital One first time credit card is the Capital One Platinum Credit Card because it has a $0 annual fee and is available to people with no credit history. 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.… read full answer
For students, there’s the Journey Student Rewards from Capital One, which has a $0 annual fee and gives at least 1% cash back on all purchases. Your earning rate increases to 1.25% for every month that you pay your bill on time.
Another Capital One first time credit card option is the Capital One Platinum Secured Credit Card. It’s also designed to help people establish credit. It reports to the credit bureaus just like an unsecured credit card, except that 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 as low as $49, depending on the specifics of your credit history.
Finally, 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.
The Capital One credit score requirement is of at least 300, depending on the credit card. For example, applicants with limited or bad credit can get a secured credit card from Capital One, while the best Capital One credit cards overall require at least good credit for approval.
If you’re not sure which Capital One card you’ll be able to qualify for, it’s easy to get pre-qualified for a credit card on the … read full answerissuer’s website. You may also want to check your credit score before you apply for any Capital One card, just so you have a better idea of what to expect.
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