$19 AF Platinum vs. $29 AF Platinum Classic from Cap1 - any difference?

For just about anything you want to get off your chest about credit cards.
15 posts
s.jessica
Centurion Member
Centurion Member
 
Posts: 125
Joined: Wed Dec 05, 2012 12:47 pm
Location: Iowa

$19 AF Platinum vs. $29 AF Platinum Classic from Cap1 - any difference?

Postby s.jessica » Mon May 27, 2013 12:12 pm

I have to ask a stupid question and see if someone knows, on Captal One's website they have several cards for average credit. One is a Platinum card no AF 1st year and $19 AF thereafter. The second is a Platinum Classic with a $29 AF. Does anyone know if there is a difference between the 2 cards?

I know the Cash Rewards is a $39 AF gives 1% cash back and a 50% annual bonus, but I don't know if I would even get my AF back. Now I need to figure out what the better deal is and which way I would get the most credit.

I lost my gas card poking the bear and this morning I was forced to use my US Bank card to get gas. I maxed the card out, but pending transactions don't show up online so likely I won't be able to pay before the statement cuts. I was going to try for the card for Newcomers but everyone I talk to seems to think they give a much lower CL than the others. It's either that or apply for my own gas card.

Mod response: Please see this comparison.


MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Mon May 27, 2013 1:08 pm

Looks like the 19 dollar annual fee card is "average credit", and the 29 dollar fee is "rebuilding credit". The 29 dollar one is likely going to be easier to qualify for.

Gas cards tend to be easier to get as a rule. Depends on what is in your area of course and who issues it.

im_mr_awesome
Centurion Member
Centurion Member
 
Posts: 179
Joined: Fri Apr 12, 2013 4:47 pm
Location: Indianapolis, IN

Postby im_mr_awesome » Mon May 27, 2013 1:16 pm

The classic platinum card has 0% for a few months then 19ish% APR. The platinum with $19 fee has a 24ish% APR and no intro period. The higher the APR, the easier to qualify. For example, Capital One has the newcomer rewards card which has 1% cash back, no bonuses, and no annual fee. Sounds okay, but it has a 24.9% APR. All their sub prime cards come with caveats.
Scores on the mend...
FICO: 650 (Discover/TU, 6/23/2016)
Cards I Use Citi Double Cash, Chase Amazon, Capital One QuickSilver
Sock Drawer Discover IT, Citi Diamond Preferred, AE Visa, QuickSilver One, Walmart CC, CareCredit, CreditOne (keeping for history for now)
Short Goal Reach 680

s.jessica
Centurion Member
Centurion Member
 
Posts: 125
Joined: Wed Dec 05, 2012 12:47 pm
Location: Iowa

Postby s.jessica » Mon May 27, 2013 1:52 pm

So I should maybe go for the $29 AF now, then hopefully I'll get it and be able to dump my secured card so I can get my money back, I put too much into it and need it back! The plan is then to find a better card in a year and dump the $29 AF card. At that point I should be done with Crap1.

When I tried using the cardfinder tool, it pre-qualified me for the Newcomer card, both Platinum cards and the Cash Rewards card. When I did another online chat on the Cap1 website they said the Newcomer card wasn't for me and they recommended either the $29 AF Platinum card or $39 AF Cash Rewards card. I kind of wanted to try for the newcomer card, but don't know if I should since nobody (even folks at Cap1) seems to agree on if I can or can't and I don't want to get in trouble.

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Mon May 27, 2013 3:09 pm

If you show up in the recommended cards that means they've soft pulled you and an approval is very possible. With your utliization though, that will make it tough, but it's worth a shot if you are recommended if you can pay that util down a bit especially.

And I don't think you will get into trouble for the newcomers card, someone in another thread said they've had it for years and lived here all their life. Cap One even told you it was ok, so I don't think I'd worry too much about that, I'd worry more about your utilization.

s.jessica
Centurion Member
Centurion Member
 
Posts: 125
Joined: Wed Dec 05, 2012 12:47 pm
Location: Iowa

Postby s.jessica » Mon May 27, 2013 3:43 pm

It's a $300 CL so 2 full tanks of gas puts my util way high like 90%. I try to hurry and pay it before the statement cuts, but US Bank doesn't show pending transactions. The last 2 months I was watching for it, nothing then I got a text my statement was ready - over utilized again, dang it. It's always a small amount, under $300, so I try to PIF as soon as I get the statement, but it's been too late to help my utilization.

im_mr_awesome
Centurion Member
Centurion Member
 
Posts: 179
Joined: Fri Apr 12, 2013 4:47 pm
Location: Indianapolis, IN

Postby im_mr_awesome » Tue May 28, 2013 10:06 am

Honestly I wouldn't go for the newcomer rewards card. It has at least a 24.9% APR and no 0% intro period. I'd suck it up and go for one of the annual fee cards.

Once you have at least a year on the Annual Few cap1 card, I'd go for a higher tier lender like Citi or Chase. Chase would be the best option as they're pretty easy to recon with. You could also go for Bank of America, as they have secured cards that can go to unsecured.
Scores on the mend...
FICO: 650 (Discover/TU, 6/23/2016)
Cards I Use Citi Double Cash, Chase Amazon, Capital One QuickSilver
Sock Drawer Discover IT, Citi Diamond Preferred, AE Visa, QuickSilver One, Walmart CC, CareCredit, CreditOne (keeping for history for now)
Short Goal Reach 680

s.jessica
Centurion Member
Centurion Member
 
Posts: 125
Joined: Wed Dec 05, 2012 12:47 pm
Location: Iowa

Postby s.jessica » Tue May 28, 2013 11:08 am

im_mr_awesome wrote:Honestly I wouldn't go for the newcomer rewards card. It has at least a 24.9% APR and no 0% intro period. I'd suck it up and go for one of the annual fee cards.

Once you have at least a year on the Annual Few cap1 card, I'd go for a higher tier lender like Citi or Chase. Chase would be the best option as they're pretty easy to recon with. You could also go for Bank of America, as they have secured cards that can go to unsecured.


This is where it gets confusing. http://www.capitalone.com/credit-cards/compare/

It seems the Newcomer card is a Platinum card with rewards and no AF. Both cards have the same APR. The next choice would be going for the Cash Rewards as if I have to pay a $39 AF, might as well try to get that money back. I previously thought the Platinum Classic was a $29 AF but must have looked wrong it's $39! Holy AF Batman!

im_mr_awesome
Centurion Member
Centurion Member
 
Posts: 179
Joined: Fri Apr 12, 2013 4:47 pm
Location: Indianapolis, IN

Postby im_mr_awesome » Tue May 28, 2013 1:15 pm

Yeah I have the classic platinum and don't recommend it except that there's a 0% intro period and my APR is 19.8% after the intro period. It's nice having the lower interest rate, but I don't think it goes lower than 19.8% and it has no rewards. I would want the lower APR and rewards, which is why I'd suggest the cash rewards card, which I believe has an AF.
Scores on the mend...
FICO: 650 (Discover/TU, 6/23/2016)
Cards I Use Citi Double Cash, Chase Amazon, Capital One QuickSilver
Sock Drawer Discover IT, Citi Diamond Preferred, AE Visa, QuickSilver One, Walmart CC, CareCredit, CreditOne (keeping for history for now)
Short Goal Reach 680

TheLethargicAge
Centurion Member
Centurion Member
 
Posts: 322
Joined: Tue Oct 16, 2012 11:20 pm
Location: Miami, Cuba

Postby TheLethargicAge » Tue May 28, 2013 2:24 pm

s.jessica wrote:I lost my gas card poking the bear


What exactly does that mean?
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)



Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 2 guests