Capital One Platinum Credit Card Terms, Details & Application. Image Credit: Capital One. The Capital One SavorOne Cash Rewards Credit Card offers a one-time $200 cash bonus after spending $500 on purchases within the first 3 months from account opening. The Cap One Platinum card is a basic, no frills, no rewards credit card. The Capital One Platinum Credit Card's onerous annual percentage rate, at 26.99% (Variable), makes this card a dubious choice to carry any balance for any amount of time. Please note that while we strive to ensure that our list of credit/debit card IIN/BINs and other payment card data is complete and up to date, we have to provide this resource on an AS-IS basis and cannot guarantee its accuracy. As Platinum MasterCard this one comes with a number of benefits: It stipulates credit limit increase. Credit-Land.com has not reviewed all available credit card offers in the marketplace. Finally, Capital One offers virtual credit card numbers you can use while shopping online, so you don’t have to share your real credit card number over the internet. However, the cash advance APR is 23.99% for this card. Benefits of Capital One Platinum Mastercard. If payments made during the first five months are on time, the holder can qualify for this offer. I've had a Capital One platinum card for 12 years. Learn more about this card, read our expert reviews, and apply online at CreditCards.com. Our review of this great entry level credit card from Capital One. Platinum Credit Card From Capital One has a variable purchase APR of 26.99%. A: The Capital One Platinum Credit Card is designed for average, fair or limited credit, so you may need a FICO credit score of at least 580 to qualify. There also aren’t any extra fees like an annual or monthly fee to pay just to carry the card. Managing your CapOne Platinum card account is easy with the Capital One Mobile app. If you do this for a good 6 months or so, you will see a steady rise in your credit score. Initially, when you are approved for the CapOne Platinum card, you can count on a credit limit of at least $300. The first 9-10 years, I used it once a month just to keep the account active and the credit limit grew from less than $1000 to $4000 in one or two years. If you have no credit, or are looking to build or rebuild your credit, Capital One offers the Credit Steps program. But aside from their affiliation with Capital One, these two cards are a world away in terms of the benefits they offer and the reasons why a cardholder might choose them. It’s also the best platinum Amex card and one of the most prestigious credit cards overall. The best-known “platinum” credit card is the legendary American Express Platinum, one of the credit card world’s original status symbols. If you imagine a plain credit card, this is probably the kind of card you’re thinking about. You could even receive a higher initial credit limit. The credit card offers that appear on this site are from credit card companies from which CardRates.com receives compensation. By using your credit card regularly, always paying at least the minimum payment each month and staying within your credit limit, credit cards can work to rebuild a bad credit … The Capital One Platinum Credit Card offers consumers a way to build credit with no annual fee or security deposit. Capital One credit cards are no exception to these high interest rates and fees. † Advertiser Disclosure: The credit card offers that appear on the website are from credit card companies which Credit.com receives compensation. Does Platinum Credit Card From Capital One have an introductory APR offer on balance transfers? The Capital One Platinum card is a good card if you are trying to rebuild credit after a credit hardship, You can get a higher credit line after five monthly on-time payments. The Capital One Quicksilver Cash Rewards Credit Card and the Capital One Platinum Credit Card share the same issuer. Card-Smart Tips & Advice Your initial credit limit will be assigned per Capital One’s discretion based on your credit history and credit score. It also has a variable cash advance APR of 26.99% . It’ll be even better if you can pay off your entire balance each month instead of just putting in the minimum. Because this card doesn’t have any purchase rewards, it’s a good idea to upgrade to a better card when you establish good credit. Capital One Platinum’s Fees The Capital One Platinum card doesn’t come with a lot of fees—and none of them are out of … ... We added her to one of the credit card accounts we used sometimes, but chopped up her card and just let her benefit from our credit utilization. Capital One Cards for Building Credit. Capital One ® Platinum Credit Card: A No-Fuss Starter Credit Card. Of course, this doesn’t mean you’re guaranteed an increase, but many reviewers report jumps from $300 to $1,000 or more. Why it's one of the best platinum credit cards to get: The Platinum Card® from American Express is the best platinum credit card for luxury perks, especially related to travel. The Capital One Platinum Credit Card has benefits beyond its low bar for approval, such as the fact that you are automatically considered for a credit line increase after making five monthly payments on time. The Capital One Platinum Credit Card is one of a handful of credit cards available for people who have fair credit. Anecdotal evidence states that the Platinum card can be upgraded to a QuickSilver later on down the road so if that appeals to you and you don't currently qualify for a QS this could be your stepping stone. Find out all about the Capital One® Platinum Credit Card - we'll provide you with the latest information and tell you everything you need to know to find your perfect card. The Capital One Classic Card is a credit card for bad credit and a good way to help repair bad credit. The card has a variable balance transfer APR of 26.99% . The Capital One Platinum credit card is worth it if you can guarantee to yourself that you will keep up with the monthly payments on time. The Capital One Platinum Credit Card is one of the best cards for building credit. If you have a need for a card like that, then it's good for you. I am now divorced, living alone, but still doing well for myself as a single person. Having no annual fee and a low credit limit makes it easy to build credit and make on-time monthly payments. Capital One provides an easy-to-use mobile app for managing your CapOne Platinum card. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Convenient and Simple Online Account Access. Help. Over time, with responsible use of your card, you can be well on your way to building a better credit score. In September, average APRs for U.S. credit cards were about 17.40%. However, when used responsibly, it’s absolutely worth its weight in gold – or platinum. Read full review There are no rewards to earn, no introductory interest rates, and … The Capital One Platinum Credit Card is a decent option if you have average credit, and need a simple-to-use credit card that offers standard benefits. In this Capital One Platinum Credit Card review learn the benefits that Capital One credit cards provide for every cardholder. Other than that, these cards are similar. For more information, contact Capital One at (866) 640-7858 . Capital One QuicksilverOne Cash Rewards Credit Card vs Capital One Platinum The main draw for the QuicksilverOne is that it earns rewards - although the tradeoff is paying an annual fee. The Capital One® Platinum Prestige Credit Card’s specialty is its introductory 0% APR period on purchases and balance transfers. Capital One Platinum Credit Card Rating: 4.3 Disclaimer: Thank you for using CreditCardValidator.org! This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CAPITAL ONE PLATINUM CREDIT CARD BENEFITS. You'll earn an unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases with no rotating categories or sign-ups needed to earn cash rewards. You’ll be able to access one of your VantageScore 3.0 credit scores through Capital One’s CreditWise tool , based on your TransUnion credit report, along with other credit monitoring tools. Capital One Platinum Credit Card Review Capital One’s Platinum credit card is a traditional card providing the same excellent services users expect from Capital One. For example, if you have excellent credit, your APR may be 13.99% for purchase transactions using your Capital One Venture card. The Capital One Platinum Credit Card is specifically designed for people with fair or average credit, to help build a positive credit history. At Capital One, we use your credit rating to decide whether we can offer you a card, and once you're a customer to decide whether to offer you credit limit increases. Platinum Credit Card issued by Capital One features a smart feature (chip-and-signature). Needless to say, the Capital One Platinum Credit Card is a not an exclusive card. The card details on this page have not been reviewed or provided by the card issuer. 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