First Credit

Capital One Platinum Prestige Credit Card: A Review

Capital One Financial issues the Capital One Platinum Prestige credit card and it is targeted at people with great credit who are interested in conserving their money. The card has no rewards program but does offer great perks and a 0% introductory APR on balance transfers and any purchases made during the introductory period. You do need to have a good credit history to qualify for this card.

Zero introductory APR

If you are looking for a card to transfer your existing credit card balance to then consider the Capital One Platinum Prestige card. Capital One is offering 0% balance transfer and purchases through January 2013. You can use this card to pay off your existing debt during the introductory period. At the end of the introductory period the APR will run somewhere between 10.9% to 18.9% depending on your credit history. There is a 3% charge for transferring our balance.

Fees

There is no annual fee with this card. There is a cash advance fee of $10 or three percent interest of the cash being withdrawn whichever is greater. You do not want to late with your monthly payment for this credit card as you could be charged up to $35.00 in a late payment fee. It is also possible to be charged an over the limit fee if your credit limit is greater than or equal to $500 at the time of the of the assessment.

Travel benefits

Though this credit card does not offer any rewards program you do get significant travel benefits. With card membership you receive $100,000 in travel accident insurance. If you book travel reservations with this card you and your family are covered for death or dismemberment. There is also access to a twenty four hour seven day a week travel assistance service. This service provides such travel assistance as foreign exchange rates, visas, and immunizations, and emergency card replacement. While traveling the card covers any medical assistance or legal help you might need. If your car breaks down there is a 24 hour roadside assistance program.

Additional Perks

There are additional benefits with this card including free extended warranty over an original manufacturer’s warranty for qualifying items bought with this card. Fraud protection covers you if your card or is lost or stolen and there are fraudulent charges made using the card. A handy benefit if you travel overseas is a 0% foreign transaction fee.