Published on December 31st, 2018 | by William Charles23
Capital One Launches New ‘Platinum Preferred’ Credit Card – No Sign Up Bonus, 2% On Gas/Grocery
Looks like this card has been discontinued, no longer shows as being available for sign up.
Capital One has launched a new credit card called ‘Platinum Preferred‘. Let’s talk a look at this card in some more detail in this quick review.
- No annual fee
- No sign up bonus
- Card earns at the following rates:
- 2% on gas and grocery stores
- 1% on all other purchases
- 0% introductory APR for 9 months
This card is obviously targeted towards people with less than perfect credit. Even when talking this into account, this card isn’t attractive at all. Capital One pulls from all three credit bureaus and other cards in the market offer 2% cash back on all purchases with no annual fee as well. I’m actually surprised to see Capital One launch such a weak card, given the improvements they have been making to other cards in their portfolio (e.g miles becoming transferable to airline partners and Savor adding postmates benefit).