Capital One® Platinum Credit Card

The following table shows the features, rates, and other key data for the Capital One® Platinum Credit Card offer in Capital One offers. These terms are updated on a daily basis by the CreditCards.org database. If you wish to apply for the card, you may do so securely on its official website by clicking the Apply Now button below:
Capital One® Platinum Credit Card Apply Now
  • Start with a $0 intro annual fee for the first year; $19 after that
  • 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
604
average
527
lowest
Intro APR Purchases Intro APR Balance Transfer Regular APR Annual Fee Credit Needed
N/A N/A 24.9%* Variable $0 intro for first year; $19 after that* Fair Credit*
Intro APR Purchases N/A*
Intro APR Balance Transfer N/A*
Regular APR 24.9% Variable*
Annual Fee $0 intro for first year; $19 after that*
Credit Needed Fair Credit*

Credit Score Needed

Capital One® Platinum Credit Card is generally for people with Fair Credit, though other factors besides credit score can also determine whether a particular application is accepted. See more Capital One offers.

Most Helpful User Review

Commented at May 22, 2012

I've had this card for almost 2 years and FOR WHAT IT IS, its an incredible asset! I started rebuilding my credit in 2008 with an HSBC secured card with a $200 CL. I never asked for a CLI because all I was doing was putting one tank of fuel on the card per month and then paying it off. This kept me at my 30% goal of utilization and showed a healthy habbit of paying off my debts each month. After a year my score jumped from a 608 to a 670, which is when i applied for this card. I was instantly approved for a $350 limit and enrolled into the Credit Steps program (make payments on time and get instant CLI, etc...) After one year my CL jumped up to $1250 and has recently doubled to $2500. I used this card for all of my grocery/dining out purchases and cleared the balance each month. My score has jumped from a 670 to a 730 (TU/EX)  and I now use a Cap One Venture  (Sig. Visa - $7500 CL) for all of my purchases to rack up miles/points towards travel. I still keep both this card and my HSBC in the wallet (HSBC has a great Credit Monitoring program that allows me to pull my report/scores once a month from all 3 CB with no HP) to keep the AAoA up and to remind myself of where i started and where i am today. 

For all of you complaining about this card having a high APR or a low CL you really need to understand that this card is a tool for people looking to rebuild their credit. If you want a high limit apply for a Visa Signature Card (Chase Saph, Venture, Citi Pref etc..) but you better have a great CS and a good history or you will be instantly denied. For everyone trying to re-build there credit Capital One is a great place to start!

Review by Yogi969

User Reviews

Average Rating: 8.0 out of 10 based on 496 user ratings.
Commented at Mar 2, 2015

I thought I'd chime in on the great reviews for Cap1. I'll be 40 this year and I've had very poor credit for most of my adult life. For whatever reason, I was always a risk-taker and I didn't care about the damage I was doing to my financial future. Up until the beginning of last year, I stayed off the grid for about 5 years. I didn't apply for an ounce of credit. My wife and I bought a house (using her credit only) and I started feeling like I should finally grow up and get my financial health in order.

I kept recieving these offers from Cap1 for about 4-5 months until I finally caved and applied for this pre-approved in April 2014. At the time my scores were somewhere near 530. Since I was pre-approved I felt I had nothing to lose and I got a CL of $300. I also applied for a Fingerhut Fresh Start program and was approved for a CL of $225. With these two new accounts I took care of business for 5 months and CAP1 increased me to $500. Between that time, my scores moved up to 600 or so. I was like, "Okay, I can do this". 

Since my score had increased, CK recommended Barclaycard to me and said I had a good chance of getting approved. Man, I thought long and hard about it. It made my stomach hurt, LOL. I didn't want to get denied, but I HAD to try. Low and behold I got approved for a CL of $1300 in October 2014. Feeling relieved, I thought I would push my luck and apply for the Cap1 Quicksilver to see if I could sneek two cards in at the same time :-). Turns out I was approved for another CL of $500. I started gaining some financial confidence in my ability to handle credit. This was a great feeling, because I know for some it is easy to understand the banking and financial sector, but for people like me, who were never taught how to handle credit, it was a nightmare.

With four accounts in tow, I was feeling like I could grow up, and maybe by the time I'm 45 I could have a real life that I'm not embarrassed by. I woke up just this morning (March 2015) and received an email from Cap1 saying they increased my Platinum Card by $3000. Whoa! WTH just happened? I am someone who has struggled even to buy furniture. All the cars I've purchased have been with high interest rates,  and yet here I am getting a chance to turn things around. My scores are in the 650+ range now. All I need is time, maybe a year or so, and I'm sure I'll get my score over 700. That's with two bankruptcies on my credit report! 

I know this is a long review, but if you're doubting whether or not you can rebuild your credit, trust me you can! If all these people did it, so can you. SO CAN YOU! All you need is time and take care of your responsibilities for 2-3 years. Let nothing get behind, stay on this thing like your life depended on it, and pay these companies back. You will be back on top! I only have 5 open accounts and that's all I needed to get this thing rolling in the right direction. Use Credit Karma & Capital One to make it happen. Good Luck! :-)

Review by jtoma45
Commented at Feb 28, 2015

I applied and was approved for this card today with a TU score of 592, Equifax score of 557. When the hit finally made its way to my TU score, i actually GAINED 36 points, to a new score of 628. My equifax score shows the new inquiry, but is unchanged in score. I will change the review in one year to reflect how well i like the card.

Review by ssnake42069
Commented at Feb 23, 2015

Prior to this card, I spent a good 8-12 months cleaning up my credit. Part of that cleanup and rebuild process was a Credit One card that started me off with a $300 limit, and then the next month, bumped me up to $500. I got this offer in the mail a few times, and always tossed them. Considering I still had the lowly Credit One card (which is still valuable to help rebuild credit), I just never really thought I stood a chance. Finally, one night after going through my usual CK stuff and seeing what other things I could do (at this point, I'd paid off just about everything on my report), I decided "what the hell" and filled out the online application. I nervously waited for what seemed like ages, to the point where I regretted even filling out the application. The screen finally came back and said I was approved. I was expecting at least a $500 limit, so you can imagine my surprise when I saw that I got approved for $3,000! I was put in the credit steps program, and after five months of on time payments, I was bumped up to $5,000 credit limit. Seeing as I had more options now, and didn't have to "settle" for other cards, I applied for a Chase Freedom card about a month later and was approved for $2,200, and got an increase to $3,200 a few months later. I also closed the Credit One account as $75 a year for a really terrible card wasn't that enticing. I lost out on about 12 months of history, but in the long term of things, I've done much worse to my credit, and felt this was like ripping a bandaid off a small cut.

I don't use this card much, as I get cash back on my Chase purchases, but it's nice to have around as a "just in case" card. I buy a few things here and there, but rarely get it over $800. Huge thanks to Capital One for helping me out. 

Review by Anonymous
Commented at Feb 20, 2015

I got a secured Capital One almost two years ago with a TransUnion score of 553. Since then I've made all payments on time, mostly early and never paid a cent in interest. Since then, my score has increased to 637 TransUnion and 685 Equifax. I applied for this card due to Credit Karma stating I had very good approval odds and Capital One giving me a chance to rebuild my credit. Applied over the phone, voila! approved for a $500 limit. Not a huge limit, but I don't really want a big one anyways. Also, you get a credit line increase after the first 5 months of on time payments. Now, I have an unsecured card which I plan to use the same way as my secured card. Capital One really will give you a shot to prove yourself.

Review by ruks79
Commented at Feb 19, 2015

This is my second card from capital one. Nothing bad to say at all. 

Review by budfreak

Credit Limit

If approved for the card, the issuer will notify you of the credit limit on your card. Please see the Capital One® Platinum Credit Card for complete terms, conditions, and details of the offer.

+ This information is provided through a relationship with CreditKarma.com. Credit Karma members have received approvals with these TransUnion New Account credit scores. Please note that because other factors may affect credit card approval, these approval metrics are only guidelines and approval is not guaranteed.