Rewards Rate
This card does not offer a rewards program.
Welcome Bonus
This card does not offer a welcome bonus.
APR
Max 29.99% Variable APR
Pro & Cons
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No annual fee.
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Automatic credit line reviews after six months.
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No foreign transaction fees.
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Access to CreditWise credit monitoring.
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High APR at 29.99%
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No rewards program or welcome bonus.
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Limited benefits.
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Balance transfer fees apply.
Platinum Mastercard® from Capital One
The Capital One Platinum Credit Card is tailored for individuals with average credit, offering a straightforward solution to build and improve credit scores without incurring an annual fee. Its primary selling points are the opportunity for automatic credit line reviews and no foreign transaction fees, making it a practical choice for everyday use and international travel.
Capital One Platinum Secured Credit Card
Good for:
Building/Rebuilding Credit
This card does not offer a rewards program.
Capital One Quicksilver Secured Cash Rewards
Good for:
Cashback secured credit card
Cash back when using Capital One Travel to book a rental car or hotel.
Unlimited cashback on everyday purchases.
Unlimited cash back on every purchase.
Cash back on rental cars and accommodations through Capital One Travel
When you spend $100 in the first three months.
Cash back on eligible purchases made using the Uber and Uber Eats apps through November 14, 2024.
Card Highlights
- No Annual Fee
- 29.99% variable APR
- Automatic credit line reviews after six months
- No foreign transaction fees
- Access to CreditWise for credit monitoring
- $0 fraud liability
Rewards Redemption
This card does not offer a rewards program, so there are no rewards to redeem.
Terms, Rates and Fees
- APR for Purchases: 29.99% variable.
- APR for Cash Advances: 29.99% variable.
- Annual Fee: $0.
- Balance Transfer Fee: 3% of the amount of each transfer or $10 minimum.
- Late Payment Fee: Up to $40.
Opinion: The terms are standard for a card aimed at those with average credit, though the high APR can be costly if you carry a balance.
Maximize Benefits and Avoid Fees
- Pay on time to build credit and avoid late fees.
- Monitor your credit regularly with CreditWise.
- Avoid carrying a balance to prevent high-interest charges.
- Take advantage of automatic credit line reviews to increase your credit limit.
Qualification Requirements
|
Requirement |
Description |
|
Credit score & credit history |
Fair credit score (580+) No unresolved bankruptcy |
|
Income |
No minimum specified. |
|
Job-status |
Stable income source required. |
|
Citizenship/residency |
US citizen or permanent resident |
|
Age |
18+ with a valid SSN or ITIN |
|
Required documents |
Valid ID |
What Makes This Card Appealing?
This card is appealing due to its lack of an annual fee, automatic credit line reviews, and no foreign transaction fees. It's designed to help individuals with average credit build their credit scores effectively without the need of a security deposit.
How to Apply
Here’s how to apply for the Platinum Mastercard from Capital One:
Apply button
Enter information
- To apply, go to the website for the Platnum Mastercard from Capital One and click on the “Apply now” button.
- After that, you are taken to a page where you can fill out your personal, contact, financial, and additional information and review important disclosures.
- When ready and the information is filled out, click on the continue button and proceed until your request is approved or denied.
- If approved, get ready to receive your card.
Frequently Asked Questions
Is there an annual fee for the Capital One Platinum Credit Card
No, the Capital One Platinum Credit Card does not have an annual fee.
Can I upgrade my Capital One Platinum Credit Card to a rewards card?
Yes, after demonstrating responsible credit use, you may be eligible to upgrade to a rewards card.
How can I manage my Capital One Platinum Credit Card account?
You can manage your account online through the Capital One website or mobile app.
