• Card for people with Excellent Credit.
• 7.9% APR on purchases and balance transfers.
• No Annual Fee.
• Your APR will not increase simply because you pay late only once or go over your credit limit.
• No Balance Transfer fees.

Platinum Prestige Details

This is a credit card offered by Capital One currently at a rate of 7.9%. This is a pretty good low rate considering what the rate is for a lot of cards people are actually using.

This card does not offer any travel miles, reward points, bonus offers or even any introductory rates for temporarily lowered interest rates. It is a good rate on a card for many people who have not yet been able to get away from higher rate cards. This may be due to bad or no credit in the past or just didn't have enough income to qualify for the cards they really wanted.



This card is a good fit for those who are carrying a balance on credit cards that charge a higher interest rate or for those who might like to make a larger purchase in the future and just aren't comfortable with paying the rate they have for financing. If you have a card with interest that is anything over 7.9%, then this card would be a good one for you in order to save some money when you don't manage to pay off your whole bill every month.

Just remember that comparing this card to one with a lower interest introductory rate that then goes back to something much higher, then you will want to be careful. Carrying a balance for longer than the introductory period might not actually save you any money over the whole period of financing your purchases by credit card and you will be stuck with just another high interest rate card for the future. Other fees on this card are pretty average. There is a charge for cash advances of 3% of the amount advanced (not less than $10). Cash advances are charged 22.9% interest. There are late payment fees of $15 on balances up to $99.99, $29 on balances of up to $249.99 and $39 on balances of over $250. You will also be charged a fee if you charge over your credit card limit. These fees are based on what your limit is and range from $15 to $39 as well.

The minimum line of credit for this card is $500. You may want to request a balance transfer of other cards right when you apply for this card because you may get the maximum credit limit that way. Balance transfers are only accepted at the time you apply, so why not?

There is no fee for foreign transactions on this card which means that if you are planning on traveling, it might be a good feature for you.

Generally, the best feature of this card is the interest rate. It is a good average interest rate and a good all around credit card to have. The only way you would do better is if you qualify for a lower rate card.