Capital One® Platinum Credit Card

Required Credit Score:
Limited History
2,020 reviews   Write a Review
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Capital One® Platinum Credit Card’s Rewards

This card does not offer rewards.

Capital One® Platinum Credit Card’s Key APRs & Fees

Purchase Intro APR
Not Offered
Transfer Intro APR
Not Offered
Regular APR
24.99% (V)
  • ANNUAL FEE None
  • BALANCE TRANSFER
    FEE
    None

Capital One® Platinum Credit Card’s Additional Info

  • MAX LATE FEE   $35
  • MAX OVERLIMIT
    FEE  
    None
  • MAX PENALTY APR   None
  • GRACE PERIOD   25 days
  • ONLINE RESPONSE   No
  • CASH ADVANCE
    RATE
    24.99% (V)
  • CASH ADVANCE
    FEE
    3% (min $10)
  • FOREIGN
    TRANSACTION FEE  
    None
  • SMART CHIP   Yes, chip-and-signature
  • Pay no annual fee
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Fraud coverage if your card is lost or stolen
  • Use online banking to access your account, even from your smartphone with our mobile app
  • Pay by check, online, or at a local branch, all with no fee - and pick the monthly due date that works best for you
  • Get access to your account 24 hours a day, 7 days a week
  • Help strengthen your credit for the future with responsible card use
Apply Now
at Capital One’s
secure site

Customer Questions and Answers

Don't see what you're looking for? Submit your question about Capital One® Platinum Credit Card to our community.

What is the balance on my card?
Reply

Photo of Card H.
Apr 19, 2016
Unfortunately, only the issuer of the card will be able to give you that information, which means you will have to contact Capital One. You can check your balance either through your online cardholder account (https://services1.capitalone.com/ui/#/cardEnrollment/access) or by calling Capital One’s credit card customer service department (1-804-934-2001). Sorry we couldn’t be of more help!
11 Votes 20 9

Do they do a hard pull on your credit report?
Reply

Photo of Card H.
Apr 19, 2016
Yes, anytime you apply for a credit card it results in a hard inquiry on your credit report. Keep in mind that an inquiry may result in a small temporary decrease in your credit score. Your score may also drop a bit when you get approved and open your account, but that’s only temporary as well. You can learn more about the effect of credit inquiries at https://wallethub.com/edu/credit-inquiries/17122/ .
7 Votes 9 2

Will my limit increase after 5 monthly payments?
Reply

Photo of Card H.
Feb 13, 2016
Cardholders are generally eligible for credit limit increases after six months of on-time payments, but that doesn’t mean you will necessarily be granted one. Your best bet would be to call customer service at 800-955-7070 and ask. For more information, you can check on credit limit increase options in the materials mailed with your credit card or read our article on How to Get a Higher Credit Limit: cardhub.com/edu/how-to-increase-credit-limit/ . Hope this helps.
7 Votes 11 4
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Customer Reviews

Share your insights and review the Capital One® Platinum Credit Card.

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3.6 out of 5

2,020 reviews
22%
34%
28%
12%
4%
Photo of Card H.
Jan 15, 2016
It’s simply one of the best credit cards for newcomers. No, it doesn’t offer rewards or low starter financing rates. Instead, the Capital One Platinum Card rewards you with a far more valuable commodity: the opportunity to improve your credit standing without spending a dime.

It’s catered to people with limited credit, which means you have a good chance of getting approved even if you’re just beginning your credit career, and it doesn’t charge an annual fee. So whether you make purchases with this card and always pay your entire balance by the due date or decide to just keep it in a drawer for emergency purposes, your credit reports more
Photo of Timothy C.
Apr 7, 2016
I got this card mainly because there is no annual fee, among many other perks. I would improve the grace period and extend it to 60 days. I would definitely recommend it to others.The customer service is excellent and it is the perfect card for me and very useful. I have experience with Wells Fargo too and that company is terrible compared to Capital One.
Photo of GreenOrange
Mar 17, 2016
The capital one platinum card is as advertised: a great entry credit card for those with no to minimal credit. I opted for this one because I needed to build credit, seeing as i had none being under 21. It does its job well, but it has no frills. There are no rewards associated with this card being an entry card and all. I've never had to dispute a charge but when there was a misunderstanding regarding a late payment, they reversed the interest charge almost immediately after clearing it up with customer service. I would have no qualms recommending this card to anyone.
Photo of Steve
Mar 11, 2016
I am trying to re-establish some good credit after getting into some trouble with them when I was younger. I have not had any trouble with the card. I can check it online, and it also has a mobile app. Paying and using the card is easy. I have not had to speak with customer service. I have owned the card for just over one year.
Photo of CreditBuilder676
Mar 7, 2016
I got this card so I could build my credit. The card reports to the major credit bureaus so it's perfect. I wouldn't improve anything about the card - the payment system is easy, it provides multiple credit limit options, and it works for people with no or bad credit. I would recommend it to anybody who is just starting out with credit and wants to build a good credit score, or anybody with bad credit who wants to rebuild their credit, particularly if they've applied for other cards and been rejected. Customer service is great as well, though I haven't had too much experience with it.
Photo of iGreek
Feb 29, 2016
This one was of the first credit cards I got and I still have it. It is what started my relationship with Capital One. APR is a bit high, but as a starting out card it's great. It doesn't confuse you with rewards that you never get or crazy high fees. It's a great card for just about anyone and couldn't be happier with the service from Capital One!
Photo of Daniel S.
Feb 28, 2016
Hello All,

I am totally satisfied with the interest, fees, and service of Capitol One. So much so, that I opened a checking account. Let me explain.

A third of Americans have delinquent debt. That means, in Capital One terms, 1 out every three (1/3) people that have a Capital One Credit Card, will spend a lot on credit, then stop paying their card off. (http://www.usatoday.com/story/money/personalfinance/2014/07/29/america-debt-loads/13152651/) Now consider the further risk of extending credit to a population, that proportionately may be 45%-65% (9/20-9 out of 20), will stop paying their card.

I admit, I was one who did not care about his credit score when I was younger, BUT I am striving and more
Photo of Linda
Feb 26, 2016
My card has an interest rate of 14 percent. The card has allowed me to start rebuiding my credit so I can eventually buy a house in the future. I would recommend it to others that are trying to rebuild their credit. The customer service is great. They respond very quickly to emails and on the phone.
Photo of Thanos C.
Feb 23, 2016
This one was of the first credit cards I got and I still have it. It is what started my relationship with Capital One. APR is a bit high, but as a starting out card it's great. It doesn't confuse you with rewards that you never get or crazy high fees. It's a great card for just about anyone and couldn't be happier with the service from Capital One!
Photo of Noleen
Feb 13, 2016
I've had this card for a bit more than a year now and am very happy with it. It was the first credit card I'd received after rebuilding my credit and I've found it fits my needs perfectly. The balance was increased as I made on-time payments, the online website for account management is intuitive and easy to use and the few times I've had to call Capital One with a question I've found them to be helpful, courteous and eager to fix whatever issue I'm having.
Photo of cakesandpies
Feb 11, 2016
I got this card because I am working on rebuilding my credit, and I was fortunate enough to qualify for it. I haven't had any issues thus far with customer service, payment, or interacting with my account through the online portal and phone. The interest rate is very reasonable considering my low credit score. The only thing I can think of to make this better would be if it had some sort of rewards feature, other than that its a pretty good card.
Photo of Wildbill362
Feb 6, 2016
This is the card I got when I got my credit form bad to decent. I was real proud of it and happy that I had gotten it. I would recommend it to anyone that has been working on improving credit. They have a great online section and it is very easy to pay your bill and keep track of your credit line by signing on. They also have great customer service. The fees are good and are lower then ones for people with really bad credit (which I use to have).
Photo of Portia H.
Dec 29, 2015
I recently applied for the Capital:One Card and I was so shocked when I was approved. I had the worst credit score the past 3 years and I just thought I would give them a shot. i was approved for 1000 bucks and no annual fee. I get a cash advance of 500 with a very low rate. I am just so happy that i get to build up my credit again with the card!
Photo of Gretchen L.
Feb 23, 2016
what was your credit score when you applied? mine is 679 and I just applied and was approved for only $500
Photo of MeMe M.
Dec 20, 2015
My credit card expired now capital one is saying I have to reapply. My account has been paid off with an overage on my balance. What do I do? I'm buying a house and don't want to rerun my credit.
Photo of Krystal M.
Dec 12, 2015
I got this card a few years ago and so far it's been good. The interest rate is pretty standard considering I got this card when my credit wasn't all that good. The great thing is that every so often, maybe once or twice a year I can get my credit limit raised. My credit limit started at $500 and now it's $950 because I have been consistent with my payments. Overall I am satisfied with this card. I'll probably keep using it for now and eventually try to get a card with a better interest rate.
Photo of Gretchen L.
Feb 23, 2016
did you try asking them for a lower interest rate now or they wont do that?
Photo of Andrew B.
Dec 12, 2015
The intrest rate is not too bad considering that I usually pay off the balances right away. I never had any issues with billing until lately. The only issues that I had was the slow fraud resolution process. It took 2 weeks to get a letter and I am still in the process of getting it fixed. The call centers are not user friendly and because of that I chose to close the account. The operator did not understand the difference between my account and the credit buearu.
Photo of Caitlin K.
Nov 24, 2015
The interest rate is a little high, but overall it is a good card. It's perfect for building or rebuilding credit. The customer service is good with Capital One and the card is accepted widely.
Photo of Brandi A.
Nov 23, 2015
I transferred my high balance from another credit card to the Capital One® Platinum Credit Card. Previously, I was paying a 19% interest rate. Knowing that I was spending a fortune in fees and wanting to get my $4000 balance paid off as quickly as possible, I transferred all charges, knowing there would be only a 3% transfer fee on that charge. I can take up to 18 months to pay off this credit card without worrying about interest all of that time. I also have 18 months to pay off this credit card with 0% interest each month.
Photo of Andrew J.
Nov 23, 2015
Overall I would say my experience is very positive. They offer a credit rating for free, the terms and interest are good, and I once had an attempted theft that they caught before I even knew it happened. Great service.
Photo of Brian G.
Nov 20, 2015
I was in the market for a card that would help me rebuild my credit. I looked for a few days until I stumbled onto this card. It isn't the best, but it does get the job done. It has already helped improve my credit score tremulously. One of the best features of this card is the incremental credit increase when the user pays his or her bill on time.
Photo of Yasin J.
Oct 13, 2015
i gave this four stars because of the APR that it is a little higher of what i am used to. however, they did give me a year with 0% APR and at the same time free balance transfer, i did not use the balance transfer option, but did use the card. also, was able to pay it off before the year, so i had no interest charged. i believe that they are a good bank, and seemed easy to deal with, but i did not have any issues, so i am unsure whether they are good at problem resolution. another thing that i like is that they have may more
Photo of Mark W.
Oct 9, 2015
After 5 months call to see if you can upgrade to the quicksilver one.everything stays the same but you get cash back.
Photo of Jennie Y.
Sep 27, 2015
This is a good card for getting your credit back up to speed. I got this card when my credit had taken a huge hit due to a divorce, but by using this card a little bit each month I was able to get a higher limit after 6 months as well as open up additional Capital One credit cards including one with rewards.
The interest rate on this card is pretty high, but as long as you only use it for a few manageable purchases each month and pay it off in full the interest rate is not an issue.
The fact that there is no annual fee was also more
Photo of Laura L.
Sep 15, 2015
I have been using this card for awhile and while it admittedly isn't the best credit card it is good for me as I have really, really bad credit and can use this sparingly to increase it. You will get a lot of fees if you don't use it carefully and keep track of your purchases but I haven't had issues with it yet.
Photo of Shayna A.
Sep 9, 2015
This was one of my first credit cards. The lack of annual fee was nice. My credit limit wasn't terribly high but this was just a starter card for me. Watch out for the APR. They can really catch you there. The card website was easy to use and they would flag my card for any activity they found weird. That was helpful when someone cloned my card and bought $800 plane tickets.
Photo of Gretchen L.
Feb 23, 2016
how did someone get your card number?
Photo of Jeff V.
Sep 8, 2015
The Capital One Platinum was my card of choice when I was beginning to build my credit. The rewards program isn't great and it's not the most accommodating card when it comes to APR, but the lack of annual fee and leeway when it comes to paying the bill is great.
Photo of Victoria B.
Jul 27, 2015
I have a Capital One Platinum MasterCard that I received as part of the Credit Steps Program. They issued me an unsecured card with a $500 limit even though my credit is not in great shape. The best part is that in addition to helping me rebuild my credit, I will receive an automatic credit limit increase after making the first 5 payments on time. They gave me zero percent interest for the first 7 months, and the payments are low so they are easy to manage.
Photo of Donna C.
Jul 18, 2015
I received a Capital One Platinum MasterCard June 2015. My limit is $300. I am on the Credit Steps Program, which means you can get a credit limit increase after making your 1st 5 monthly payments on time. I have used the card several times during the short time I have had it. I make sure I pay it off immediately, or make more than the minimum due. I am in the process of trying to rebuild my credit. I have had this card for one month, and Capital One has already reported my credit limit, and payment history to the credit bureaus. My credit score went up 3 points more
Photo of Vince G.
Jul 14, 2015
I had some initial issues with the APR not matching the contract I signed, but I received awesome customer service. who fixed it quickly. I had no complaints with the card, hidden fees, or anything else. Would recommend in a heartbeat.
Photo of Marilyn B.
Jul 12, 2015
I got a preapproved letter in the mail went and took the chance to apply and i got approved with a 300 cl made my first payment haven't had any issues with customer service do far so good
Photo of Michel C.
Jul 12, 2015
I have a Platinum Master Card with Capital One since 2009. My credit limit has always been increased and fit my overall credit score. When I am a few days late, I just call and make sure they have the info so I do not have to pay any fee. In the same manner, if I am going to be over the limit, or if I made a mistake and I am, if I call them and let them know, they do not apply any extra fees.
Photo of Emery B.
Jun 30, 2015
I have had the Capital One Platinum Card for a few years now. This card is great for a first credit card, as I was accepted without any substantial credit history. I started off with a credit limit of $500, and over the years I have been able to increase that to $4000. The APR on this card is high compared to other cards, so I don't usually carry a balance on it. The card also offers no rewards which is the main downside for me. The lack of rewards really stands out as a big negative when you compare it to a Citi Double Cash card or even to more
Photo of Tim M.
Jun 25, 2015
Having held this card for a few years, I don't have too many complaints. They have been very fair with my rates and payments. My only issue has been that it took about 4 months for them to decide on my payment date change. Otherwise, this is a very good, basic card.
Photo of Alexander G.
Jun 6, 2015
Refused in critical situation to increase credit limit to cover expenses while my main credit card was in process of being replaced by my bank. Customer support puts you on hold forever for every little thing like online password reset. Cardboard treatment for platinum status!
Photo of Rose K.
May 24, 2015
I'm absolutely devoted to Capital One. They extended a credit card offer to me, when others wouldn't. I have rebuilt my credit portfolio and my credit score has increase over 100 points. I have never had one bad experience with customer service, they are always friendly, professional and very knowledgeable about their products. There are various interest rates depending on the credit card and most importantly, your credit worthiness. I started off with a higher interest rate on my a platinum card, but a low interest rate for my Venture one card. I have gotten CLI on all of my cards when ever I have submitted a request. I pay more
Photo of Jeanea P.
May 14, 2015
I have been a Capital One card holder for years. Many have had plenty bad to say about Capital One, but I have nothing but good experiences with them. The customer service has always been great. In fact I contacted them today, they were very helpful to my situation and understanding.
Photo of Julie H.
May 14, 2015
The Capital One Platinum credit card has a really low annual fee for a Platinum card, but there are no rewards of any kind associated with the card. That is is a big negative for me especially when there are so many other cards out there offering as much as 2% back. I like that there are no foreign transaction fees because I travel out of the country frequently. Although I don't normally carry a balance on my cards, the APR is extremely high, even for a credit card! I would not recommend this card.
Photo of Tara T.
May 5, 2015
I have always had the best service with Capital One. Someone used my card fraudulently and not only did they alert me that the charges seemed weird but it only took one phone call to take care of it. They also offer a reduced rate for military of 4% while overseas. I have always had great customer service when needing to contact them for anything. I would recommend this card.
Photo of John W.
Apr 28, 2015
This platinum card looks like a pretty standard offering from Capital One. The interest rate being above 24% would deter me from carrying any kind of balance on this account. However, the fact that is does not offer rewards is the main downside for me. I prefer cards that offer cash-back as well as addition perks like no foreign transaction fees or concierge service. For someone looking to establish or repair their credit, this card may be an acceptable option.
Photo of Trish B.
Apr 21, 2015
I have gotten this credit card when I first came to America to build a credit report. The card was super easy to get. I have never had problems with this company. In fact, I enjoy working with Capital One. What's really cool is, once your first card expires, you can order a new one with any picture you want on it! The APR is kind of high, but, it's because you don't have a credit history yet. They report super quickly. Every month. If you get this card, you'll get a credit score fast! It'll help you out a lot! I really suggest it if you have no credit more
Editor's Pick

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Last updated on: May 18th, 2016 at 10:17 EDT

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