Capital One Platinum Preferred Card

The capital one platinum preferred credit card Capital One has done it again there is a new credit card from Capital One and it is called the Capital One platinum preferred card

So that's what we're gonna talk about in this video but before we get started I have a quick message Welcome to another video if you're new here my name is Duane with how to build credit TV and on this channel we talk about everything you need to know about credit, credit cards and how to make money using credit cards So if this sounds like something in which you're interested be sure to subscribe to our channel and click that notification bell so you don't miss a thing Okay so Capital One is my favorite card and our bank out there And the reason why I like capital wants so much is because back in 2013 when I was looking for a way to rebuild my credit nobody would give me a chance but Capital One did and I also have a car loan with Capital One

So Capital One has been insanely good to me I got a credit card in 2013 got a car loan in 2015 with Capital One So in this video I want to talk to you about the new credit card capital on the capital want platinum preferred card Now this card is not it's not a big deal but you know people definitely want to be informed as to what this card has to offer And so what I'm gonna do is I'm gonna talk a little bit about the Capital One platinum preferred card and I'm gonna kind of compare that card to the regular old Capital One platinum card So what I'm gonna do right now is I'm gonna jump over to my computer so we can have a better look and I want to make sure that I'm giving you correct information at the capital own website and so that we can know exactly what the Capital One platinum preferred card has to offer

So give me one second and I'll see you over on my laptop Okay so we're at the Capital One website to have a look at the Capital One platinum preferred card So as you can see here it says credit level good So this card requires a good credit level as opposed to the capital one Platinum which i think is average and the Capital One secured card is of course rebuilding or bad credit So as you can see here there's no annual fee for this card

The purchase rate currently when you get the card there's gonna be a 0% introductory APR for 15 months which is really good and then after that it'll be between 1649% and 2549% variable APR after introduction period So 15 months is not bad that's quite a bit of time I know that the Discover Card the discover it card actually has a 14 month period where you have 0% introductory APR

So 15 months is pretty cool And so let's kind of scroll down here as you can see the next thing here it says access to higher credit line Get access to our credit line after making your first 5 monthly payments on time That's pretty similar to the Capital One platinum card and then of course credit wise Credit wise is a pretty decent tool to have it's good to have some tool than to have no tool at all

So this is where you can access your credit score and I do believe that it's from TransUnion So credit wise it's something I have like I said to at least look at your credit score Of course there's fraud coverage, you're covered by $0 fraud liability if your card is ever lost or stolen That means you will not be responsible for fraudulent purchases and of course there's transfer information here so this part is kind of cool and really important if you're interested in doing balance transfers This card is actually a decent card to have

So it says 0% intro APR for 15 months as far as transfer is concerned and then after that'll be sixteen point four nine percent to twenty five point four nine percent which is the same thing as the regular purchases APR 3 percent fee on the amount transferred within the first fifteen months So that's not bad I mean you could save a lot of money if you have something to transfer from another credit card to this particular credit card You can save money even though you're paying a three percent fee or a three percent on whatever that balance is that you're transferring So that's something that definitely keep in mind and that's a pretty good tool to have that you can use with this Capital One platinum preferred credit card

So down here you pretty much have some different things that you can explore as far as capital one credit cards are concerned So as you can see here it says instant purchase notifications You can be notified of course instantly and whenever you use your Capital One credit card and you get a notification depending on how you set it up with the mobile app That's pretty good it's a cool tool to have I don't have that set up with my current Capital One credit cards but I do have it set up with my Amex gold card

Of course you have account alerts, you can set up personalized email or text reminders to help you stay on top of your account And there's personalized payments which is pretty cool You can pick your own monthly due date and payment method check, online or at a local branch all with no fee So that's really good of course there's auto pay and then there 24/7 customer service Let's click on the security tab at the top right here and so the security tab of course tells you that there is going to be security and account alerts, of course which is really cool you already know that

There is the virtual card numbers by eno I hope I'm pronouncing that correctly Pay for online purchases with virtual card numbers and keep your actual card number to yourself Which is pretty cool I can't say that I've used a service so I'm not sure about it but it sounds pretty cool Then they're sure swipe or touch ID, so sign into your Capital One account

The Capital One mobile app quickly and securely with your fingerprint or custom pattern There is card lock which is really really cool you can lock your card if you have misplaced the card You can lock the card and turn it back on when you're ready all with the Capital One mobile app So that's really good of course we talked about fraud coverage Let's click on the apps and digital services here real quickly just to kind of see alright so basically we talked about all this already

The Capital One mobile app is a pretty cool app I use that app to pay my Capital One bill I have the Capital One Savor card and I also have the Capital One Quicksilver card Credit wise is good it's better to have some kind of tool to check your credit score and then of course the eno deal here where you can basically protect your actual credit card number and save yourself that hassle of worrying about that when you're shopping online So real quickly what I want to do is I want to compare the Capital One platinum preferred card to the Capital One platinum card So I've already opened a tab here and there are some key benefits here comparing as you can see at the top of the screen the Capital One platinum preferred card and the Capital One platinum card

So there are some key things here as you can see says enjoy 0% APR for 15 months on purchases and transferred balance Of course that's not an option with the capital one platinum card so that's very important to take note of and then the credit level here as you can see on the left the capital one platinum preferred card is going to be a good credit level that you need to apply for this card Or on the right you see the capital one platinum card the credit level is average And then another thing here as far as what the purchase rate is going to be of course 0% on the left pertaining to the capital one platinum preferred card And then on the right you're gonna start at twenty six point nine nine variable APR

So there's a major difference there Of course down here the next thing talks about transfer information So there's a three percent here on the left with the capital one platinum preferred that you have to pay on your transfer within the first fifteen months and then on the right it says twenty six point nine nine variable APR no transfer fee So the way I'm reading that it means that there is no transfer fee which should mean that you don't pay the three percent okay But you will have to pay twenty six point nine nine percent variable on whatever you transfer

Okay so that's definitely something to consider if you're interested in doing a balance transfer and of course as you can see both credit cards has no annual fee So I just want to do a quick comparison between the two cards of capital one platinum preferred credit card and the capital one platinum card So thank you for watching this portion of the video I'll see you back in just one second Thank you so much for watching this video about the Capital One platinum preferred credit card If you liked the video please be sure to give it a thumbs up it helps our channel quite a bit

If you have any questions leave them in the comments below this video and I'll do my best to answer it as soon as I see it Also if you feel like sharing this video with somebody that may find it helpful that would be insanely helpful to our channel If you haven't subscribed to the channel go ahead and hit that subscribe button and click that notification bell so you don't miss a thing Once again my name is Duane with how to build credit TV and I approve this video I'll see you in the next video

Until next time take care and be blessed Peace!