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
  • Pick the monthly payment due date that works best for you
  • Pay however you want–by check, online, or at a local branch, all with no fee
  • 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
607
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 from all credit card issuers.

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: 7.6 out of 10 based on 322 user ratings.
Commented at Jul 21, 2014

Here is my story...In Aug 2013, my EQ was about a 348, TU low 400's, EXP, High 400's. I got all negative collection items removed off my credit report. I paid off an old First Premier Mastercard from 2008 and they issued me the Emblem Mastercard $175 CL. A month later I got a new First Premier Gold Mastercard with $300 CL. I also got an Auto loan for my G35 and I I have been perfect on all payments since getting these new accounts between Aug-Sept 2013.

My CK score is currently 630. However, my real scores are Exp 721, EQ 648 and TU 676 after roughly 10 months of on time payments and low utilization with my 2 cards and auto loan.

Cap One sent me a Pre-Approval in the mail for the Platinum card. I was skeptical. So I went online and they Approved me for a $2,000 CL on the Platinum. That was June 18, 2014. Got the card in about 5-7 days. I was happy!!!

Since then, I was pre-approved for a Credit One Platinum Visa with only a $300 CL, Kohls $300 CL, Target $300 CL, Fingerhut $400 CL, Macys $1000 CL, Buckle $250 CL, Express NEXT $250 CL, JCrew $250 CL & Abercrombie $250 CL.  Still waiting on Discover It (had to upload driver license and SS card for ID Verification).

Update: I had to wait 30 days from date of application to apply for a new card, but on July 19, 2014, CK matched me to the Capital One Quicksilver One card with "Very Good" Approval odds. So I applied. I received an instant approval for another $2,000 CL. Also, I had another Cap One Pre-Approval in the mail for a Platinum card but I thought it was the same card I had. Nope!! Went online, entered the Pre-Approval # and got another instant approval for $1,000 CL on the Classic Platinum card. So, thats 3 cards through Cap One...Cap One Platinum $2,000 CL, Cap One QuickSilver One $2,000 CL and Cap One Classic Platinum $1,000.

Overall, Capital One is very generoues with there CL's for people with Average & Rebuilding credit. Thumbs Up!

Review by kiddhollywood9
Commented at Jul 10, 2014

My experience with Capital One has been awesome. I am in the process of rebuilding my credit. I tried to get a Cap1 card about 9 months ago and was denied. My car loan is now with them and they emailed me a pre approval in January 2014. At this time my score was about 615. They approved me for 2000 credit limit. I received the letter stating that I was pre-approved for $500 for the credit step program. In June they upgraded me to the Silver One card to earn rewards. Today I logged in (July 10) and they increased my limit to $4000. My score is now 665, 640 and 600. I use almost 100% of the limit for 3 out of the 7 months I have had this card. I always pay in full. I know have Barclay $1800, Walmart $500, Cap1 Silver $4000, Cap 1 Platinum $1000, Kohls $300, Burkes $500 and Wells Fargo Secured for $700. I use them all for something different. I will be closing the Cap1 Platinum for 1000 because I try to find reasons to use it. Good luck to everyone rebuilding!

Review by virgo091981
Commented at Jul 10, 2014

I obtained a Cap One Platinum card 5 months ago. I had a bankruptcy on my record and poor credit. I have been using my card often and paying it in full. It has been exactly 5 months and I just got an automatic increase. My score has increased and is now 667. Get the card, use it, pay it on time and pay as much as you can. Because of the card, I was able to get a loan through Honda with no co-signer. The phone app is great. I thank Cap One for giving me an opportunity to get my credit back on track. If CK says apply, take the chance!

Review by Sunday8
Commented at Jul 7, 2014

I received an offer in the mail in april 2011.  I was suprised to even get this as my credit was shot (low 500's).  Started with $300 limit.  It was automatically increased to $500 after six months.  I then had the same lousy $500 limit for over a year and half and I never paid one cent of interest.  I was  annoyed they wouldn't give me more credit when I was being so responsible with my credit.  Then after about 27 months my credit limit shot up to $2k.  I had this limit for about another six months.  I then called to get a CLI and they boosted it to $4k and gave me a quicksilver with $3k limit.

I am very happy with cap one.  They gave me a chance and it paid off.  My score has increased by over 100 points since using this card and I now have a total CL of $7k between the two cards.

That's good enough for me!

Review by Anonymous
Commented at Jul 4, 2014

I have poor credit..but I make good money. My score is currently like 580ish, but it fluctuates and June 9th I actually closed on my 1st home via FHA (score was fluctuating but had it at the 640 mark). It's not even been a month, so there hasn't been any reporting to the credit bureaus, but around 6/15 I applied for multiple credit cards and was surprisingly approved for 2 via Capital One with $3,000 limits on both! I also have another Capital One from a few years ago ($500 limit) which it was originally an HSBC card ($300 initial limit) but was sold to Capital One; they just bumped it to $500 a month or so ago...and now I have these two cards totaling 6k. I also got approved for a Discover Card (not the good one with the low interest) but it has a limit of $1,800 so I'm happy despite the 22% interest rate. As I stated, my credit is poor..I messed up when I was younger and my sister also opened accounts in my name, years ago. AND I have 2 judgements (paid and satisfied, but still..) on my credit report. I really don't know how I got approved for these initial limits but I'm thrilled and grateful. I plan on doing my best to continue to improve on my credit and am  hopeful that once I start paying on my mortgage and continuing to pay on my credit cards..my score will climb. This card, is supposed to give you increases after making  at least 1 initial purchase  and then making at least 5 payments on time.  Just be advised that you can have multiple credit cards with Capital One..and though they have high  interest rates..at least got myself, I am willing to use them  to build my credit. 

Review by Anonymous

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.