While you can get access to CreditWise without holding a Capital One credit card, it’s worth a mention here because CreditWise is a valuable tool if you are looking to build your credit.ĬreditWise is a free tool from Capital One that allows you to monitor your credit report, view credit score, and understand how credit works. How much credit you have available and the proportion of your credit that you are using both affect your credit score and having a higher credit limit helps both of these metrics. However, if you are granted a credit line increase, your credit score is likely to increase. An automatic review will not result in an inquiry on your credit report, so the review process won’t affect your credit score. With both cards, you will be automatically considered for a higher credit line in as little as six months. But, the pre-approval process can give you a good idea if you’ll be approved so you don’t have to acquire unnecessary credit inquiries on your credit reports while shopping for credit. Pre-approval isn’t a guarantee that you will be approved upon completing the full credit application. If you are looking for a card that can help you improve your credit score, both the Capital One Platinum Mastercard and the QuicksilverOne offer a valuable perk: Both cards offer you the ability to see if you are pre-approved, with no impact to your credit store. Pre-approval With No Impact To Credit Score Neither the Capital One Platinum nor the QuicksilverOne charge foreign transaction fees, making them both a great choice for using abroad. Many cards charge a foreign transaction fee on purchases made when traveling outside the United States and this fee can be substantial, often as much as 3% of your total purchase. If you are looking to travel abroad, be aware of your card’s foreign transaction fee. Here is a list of our partners who offer products that we have affiliate links for.Ĭapital One Platinum Vs. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor. Second, we also include links to advertisers’ offers in some of our articles these “affiliate links” may generate income for our site when you click on them. This site does not include all companies or products available within the market. The compensation we receive for those placements affects how and where advertisers’ offers appear on the site. First, we provide paid placements to advertisers to present their offers. This compensation comes from two main sources. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective.
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