The Capital One Classic Platinum Credit Card is a good card, but it's probably going to be a bit harder to qualify for than some of the best no-annual-fee secured cards, such as the Capital One Secured or Discover it Secured. You shouldn't have any issues if you have no credit at all or a credit score in the 650s.
But if you do not get approved for the Platinum Card, placing a $300 deposit on a secured card isn't a bad idea. Your security deposit will equal your credit line, and the more available credit you have the faster your credit standing will improve.
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