A Little History of Capital One Business Platinum Preferred Credit Card

Capital One was founded by Richard Fairbank and Nigel Morris in 1988. Capital One Financial Corp’s primary focus is on consumer cards, home loans, auto loans, banking, and savings products. Capital One was one of the first charge card mass marketers starting in the early 1990s. The Capital One Platinum Preferred business card is an excellent choice for any consumer.

Capital One is one of the strongest credit card companies on the market today. This card provider has many features that customers can take advantage of. The most enticing feature that the Capital One Platinum Preferred business credit card has to offer is its introductory rate. New cardholders will be happy to take advantage of 0% APR on purchases and balance transfers until 2010. That gives new customers one year without having to pay interest. This credit card is an excellent choice when transferring a balance from one card to another. Transfer your balance from antoher card If you are paying a high interest rate. Someone with a $10,000 balance being charged 18% will save $1800 by transferring their balance to the Capital One Business Platinum Preferred credit card. If you are planning on making a large purchase you will have the opportunity to pay it off in a year.

This credit card also offers an excellent rewards program. You can choose from multiple rewards programs such as gasoline stations, building supplies and hardware, computers and electronics, office supplies and furniture, advertising and shipping. They will even offer you triple rewards on the category of your choice. All other categories earn one point per dollar spent. Business owners can save money using these rewards categories. If you’re company ships products on a daily basis, you can earn triple rewards for using your Capital One Platinum Preferred with most major parcel carriers such as UPS or FedEx. You can also use your Capital One plastic for travel miles as well. There are no limits on the miles you can earn, no expirations either. You get to keep your miles for the life of your account. Furthermore, you get to fly with any airline that you choose with no blackout dates or seat restrictions either.

There is no annual fee either to be a Capital One Platinum Preferred business card holder either. There is small $39 over the limit fee should you over charge on your credit card. Furthermore, there is also a late fee charge. This fee is based on your outstanding balance. If you owe less then $100 your late fee will be $15. If you owe between $100 and $249.99 your late fee will be $29. For balances of $250 or more, you will have to pay a $39 late fee as well. Capital One also offers an excellent cash advance rate. Pay 3% interest on all cash advances using your Capital One Platinum Preffered business charge card. Therefore, should you withdraw $1000 cash for an emergency, you will only have to pay a $30 fee. Other card issuers charge much more on cash advance loans.

The Capital One Platinum Preferred business credit card is meant for those established business owners with excellent credit. Capital One is offering up to $20,000 credit lines for those that qualify. After the introductory period, the APR for balance transfers and purchases will be as low as 14.99%. Interest rates are determined by the applicants credit history and will vary accordingly.

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