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 no 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
  • Start building for the future with features that can help you get there
620
average
554
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: 7.8 out of 10 based on 340 user ratings.
Commented at Sep 22, 2014

I applied with my wife telling me no chance you get it and a few days later got a letter saying approved for $300, 6 months later they bumped me to $500, and 6 months after that I was shocked to log in and see a 50 point bump in my credit rating and a credit limit increase to $2500.

It's not a bad card and can help you out if you use responsibly and don't max and forget it. Paying more than minimum $25 payments (Usually $50-$100 a month) helps a lot. The interest charges are a bit high but for those who have less than perfect credit about normal compared to other cards that cater to the same ratings.

I know everyone wants the low APR reward cards of the rich and famous or the credit savvy but this isn't it what it is is a great card to help you rebuild and manage your credit history and with common sense and responsible spending it does the job very well. 

Review by porndragon
Commented at Sep 21, 2014

Got approved last month, 7/2014, with  CK score of 583.  Just recently filed bankruptcy in 03/2013.. I applied after credit karma recommended this card and went to capital one to see if i had any prequalified offers as well.. thanks credit karma and capital one.  got approved with a 300 credit limit.  anxious to see if they will increase with on time monthly payments. 

Review by adumas15
Commented at Sep 20, 2014

I applied for this card around the 2nd week of August and was approved with a CK score of 548. I received the card about 7 days after being approved. It was only a $300 CL but No intro fee for the first year. The APR is pretty high but do your research on how to use Credit Cards to build your credit. I pretty much charge a few things not going over my 30% and then pay them off within 7 days of them posting. Try to have your balance as low as possible before the statement closing date...it WILL help. Around the first week of September, my CK score hit 568. I applied yesterday for the quicksilver card while having a statement balance of $0, and was approved for 0% APR until next June! I would definitely encourage those who have a CK score around 550 to apply for the platinum card, especially if you have something like a student loan or car loan you have been current on for at least 6 months. I have both and have been current on both since last october. This is a great card for rebuilding. I have had some problems while I when I came out of college but I am ready to rehab my credit score. I pay before the due date, they don't charge interest. Learn the tricks of the trade folks. I will leave another post after a few months with an update. I can't wait for the CLI they said I would receive after 5 payments.  Don't be discouraged if you have a collections acct or have had some problems in the past, and please please please, DO NOT Apply for anything from CREDIT ONE!! They charge interest as soon as things post. Hope this helps you guys that are on the fence about applying for this card :)

Review by TxDrumDude22
Commented at Sep 5, 2014

I got approved for $300 credit limit with a score of 580. I have made 6 consecutive payments and my limit has went to $1,300 in 6 months! 

Review by Anonymous
Commented at Sep 5, 2014

Got the minimum credit line of $300, but that was bumped up to $500 6 months later. It's what they said would happen, and as such it's what I expected to happen. Their website is a bit clunky at times, but overall it's not terrible. I'm happy with the card and look forward to my next increase.

Review by wootroot

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.