Capital One and Chase are two big-time credit lenders. These companies offer a multitude of different cards, and in this article we will compare credit cards between the two companies and see where their rates vary. Since most all credit cards are different, we compared the two banks’ platinum cards, to see how they stacked up to each other.
The Chase Platinum has no annual fee. You get a 0% introductory APR for up to 12 months. In addition, you save 5% automatically with “Chase Retailer Rewards", a feature used when you go shopping at retail stores. You also are entitled to “Chase Ultimate Rewards", where members can earn points towards gift certificates, merchandise, and much more. The Capital One platinum, on the other hand, has a fixed APR of 8.9%. Its perks include no balance transfer fees, and no annual fee. It comes with a credit limit of up to $20,000.
So, basically, when you compare credit cards, if you are the type of person who would rather have lower cut-and-dry numbers, the Capital One Platinum would be the card for you. However, if you enjoyed the perks of being able to discount purchases at various places and receive cash back bonuses, the Chase Platinum would be the right card for you.
Remember though; always look around for the best possible deal. Be sure to get the best interest rates you can get. You will be surprised what you can end up with a little research before hand. The better your credit rating is the more choice you will generally have. If you want a card to improve your rating, be sure to pay some or all of the balance before the due date. Keep doing this monthly and you will be on your way to a much better credit rating.
John Gibb manages http://www.credit-card-guides.net
An updated blog dedicated to educating people on credit cards.