The Capital One Platinum card is a pretty vanilla card. It’s certainly not the worst card you could have in your wallet if you have a less than stellar credit score. For people with a “Fair” score, who don’t have a lot of high reward options, the Capital One Platinum card offers a stepping stone to better credit and a higher credit limit through the “Credit Steps” program. This program allows people with below-average credit to increase their limit by making timely payments.

There’s no balance transfer fee at the time of writing this. However, this is not a balance transfer card. The high APR will make transferring any large balance counterproductive. Instead, people with “Fair” credit should use this card to propel their credit score into the “Good” or “Excellent” territories.

To make the best use of this fundamental card, only charge what you can afford to pay each month. Once the bill comes around, pay it in full prior to your payment due date. In doing so, you will build your credit in a positive light and gain access to a higher spending limit with Capital One “Credit Steps” program.