Capital One Platinum
21 reviews from the community
Review of "Capital One Platinum"
I've used the card extensively within the first six months but I'm still paying it off nearly as quickly as I'm spending - you have to do this otherwise you get stuck when the six months is over and then you can't pay off the balance and then you start with the whole interest-paying thing!!!I've never been told in a shop that I can't use the card, and even when I made a purchase of over £1000 on the card, it just went "right through" as if it were any other platinum card. I can't make up my mind whether I think that's a good thing or not; something inside me tells me that it would be a bad thing if I lost the card because large purchases don't get queried or anything. With a "standard" card, they might indicate on the swipe machine that the shop should phone up for authorisation (giving the credit card company time to check the card is not registered as stolen).
I've not had any fraudulent use of the card yet, which is a good thing that not many people think that much about. I have had another brand of platinum card used fraudulently (I think it may have been cloned) but I'm very happy with my Capital One card.They don't send much junk mail or leaflets out with the statements (another small feature I like!) and even if I did end up paying interest after the 0% period ends, it's fairly regular just like all the others so no great problem.
I've also never had to contact the customer service, which I think is a good thing. Fair enough, it means I've never found out what they're like when I'm not happy with something, but I think it's even better that I've not even had to call them. They set me a sensibly credit limit (i.e. more than I would want to spend) which leaves me with the purchasing power I need.I declined the legal cover and the payment protection plan. They also offered me the card cancelling plan - if you lose your wallet you just phone them up and they will cancel all your cards for you. I would have taken up this policy if I didn't already have it elsewhere. They didn't bug me until I took out any of the additional policies, they respected that I didn't want them, which I appreciated.
The only thing on my list of negatives for this card is that there's no incentive to actually *use* the card apart from the first 6 months being free of interest. For example, so many other cards are giving say 1% back to you as cash, or you can collect points to buy things out of a catalogue... this card offers nothing. However it does offer hassle-free shopping which is perhaps more important.
Product Information : Capital One Platinum
Manufacturer's product description
Listed on Ciao since: 16/02/2001