Overview

Who Is the Platinum Credit Card From Capital One Designed For?

Capital One's Platinum Credit Card is a card for people who need to build their credit and are looking for a card with a low annual fee. The minimum credit line for cardholders is $300, but after five months of regular payments, members may be able to access higher credit lines.

What Are the Rates for Platinum Credit Card From Capital One?

Purchases and balance transfers have a rate that can range from 19.99% APR to 28.99% APR.

What Are the Fees for Platinum Credit Card From Capital One?

The Platinum card has no annual fee. It does have up to a $38 fee for late payments and a $10 or 3% fee, whatever is greater, for cash advances.

What Is the Platinum Credit Card From Capital One Rewards Program Like?

Although Capital One's Platinum card does come with useful benefits and perks, it doesn't have an actual rewards program. Members who are regular with their credit card payments could see their score increase and qualify for cards that include rewards programs.

What about the Platinum Credit Card From Capital One Signup Bonus?

There is no signup bonus. 

Any Other Benefits Included with the Platinum Credit Card From Capital One?

The Platinum card comes with the regular benefits offered by all Capital One cards. That includes 24/7 customer service, travel accident insurance, price protection on purchases and a credit tracker. The credit tracker provides members with free and unlimited access to their FICO score, as well as tools help them manage and improve their score.

As a Platinum Mastercard, it includes additional benefits such as extended warranty on purchases, auto rental insurance, travel accident insurance, 24-hour roadside assistance and price protection on certain items.

How Is Platinum Credit Card From Capital One Better Than Other Credit Cards?

Capital One's Platinum is one of the more inexpensive credit-building credit cards. It doesn't require a security deposit and its credit requirements are not hard to meet. Once you have established a regular payment history of five months, you can increase your credit limit, which is important for those who only qualify for a low initial credit limit. Unlike other credit cards design to build credit, it includes flexible payment options that grant 24-hour access to your accounts and allows you to pay online, by check or at a local branch.