The Capital One Platinum Credit Card is an accessible, affordable option for building or establishing credit as a first-time cardholder. You won’t earn rewards or cash back, but having a line of credit can do wonders for your credit score and start you on a track toward financial independence.
Pros
You’ll have access to free credit monitoring tools to easily track your score and watch your progress.
It’s a great pick for new cardholders with limited credit history because it offers a good chance of approval for people with fair credit scores.
Cons
This card doesn’t offer rewards or flashy perks, so it has limited long-term value.
With no intro APR offers and a substantial ongoing APR, carrying any balance on the card can turn into a financial burden.
