Platinum Mastercard® from Capital One

Platinum Mastercard® from Capital One Review

This is a credit card issued by Capital One. If you're wondering whether is the right card for you, read on. This is everything you need to know to make a good choice.

• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 26.99%
• No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, identity theft protection, travel accident insurance, travel assistance, and fraud protection.
• Poor credit accepted. This card will consider people who have bad credit. Even if you have poor credit, you may still have relatively good approval odds.

The Good

The Bad

Get access to a higher credit line with Credit Steps after making your first 5 monthly payments on time. Enjoy unlimited access to your credit score and tools to help you monitor your credit profile with CreditWise from Capital One. No annual fee. Multiple credit card perks. Offers auto rental collision damage waiver. Extended warranty on purchases. Free access to your credit score. Identity Theft Protection. Travel accident and travel assistance insurance. Considers applicants with fair credit. No foreign transaction fee. Platinum Mastercard® from Capital One reports to multiple credit bureaus.

Higher than average purchase APRs. Does not offer a signup bonus. Does not offer rewards or cash back. You don't earn rewards on every purchase.

Does Platinum Mastercard® from Capital One have a cash back or rewards program?

No, it does not offer a rewards program.

What are the Platinum Mastercard® from Capital One benefits?

It provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Zero fraud liability
• Travel Accident Insurance
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for Platinum Mastercard® from Capital One?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. It has higher than average regular APRs.

It has a variable purchase APR of 26.99%. The card has a variable balance transfer APR of 26.99% . It also has a variable cash advance APR of 26.99% .

What are the fees for Platinum Mastercard® from Capital One?

The following fees apply:

Platinum Mastercard® from Capital One Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Late Payment Fee	up to $40

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.

Does Platinum Mastercard® from Capital One report your account activity to credit bureaus?

Yes, Platinum Mastercard® from Capital One reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Platinum Mastercard® from Capital One

• Visit the Platinum Mastercard® from Capital One website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.