Capital One is another company that offers a simple card for those with average credit. Their Platinum Mastercard has no annual fee, no foreign transaction fee, and no penalty interest rate. Capital One will likely approve your account with a modest credit line to start, but may automatically raise your credit limit after five months of on-time payments. It doesn’t offer you any rewards, but it includes cardholder benefits such as extended warranty coverage, auto rental insurance, and a price protection policy. It’s just that simple.