My credit was stolen when I was 17 years old. I am now 20 and looking to rebuild my credit. Is this a good card to rebuild it? I looked at the other cards and just to open them you have to pay $300. With me just getting my first card I don't want to pay $300 just to open the card. Is this a good card? Thank you!
The Capital One Platinum Credit Card is a great option, but it's probably going to be a bit harder to qualify for than the secured cards you've been looking at. It will depend on your starting point. But if you either change your mind or 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. For more information, check out our Secured Card and New to Credit guides (https://wallethub.com/edu/secured-cards/19575/ and https://wallethub.com/edu/new-to-credit-guide/25573/).
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