Capital One Platinum Credit Card Review

The card_name is designed for those with limited credit or fair credit (FICO score of about 580 to 669). It has no annual fee and reports payments to all 3 credit bureaus.

Our Rating
4.4/5.0

Welcome Offer
No annual or hidden fees.

Annual Fee
$0

0% on Purchases
N/A

Reward Rate
None

0% on Balance Transfers
N/A

Welcome Offer

N/A

Features & Benefits

SecurityCredit Score Monitoring, EMV Chip Enabled, Fraud Monitoring, Zero Liability, Alerts, Virtual Card Numbers, Card Lock
Contactless PaymentsTap to Pay, Apple Pay, Google Pay
Benefits24/7 customer service
Travel PerksNone

Rewards

Interest Rates & Fees

Annual Fee$0
Foreign Transaction FeeNone
Regular APR30.74% (V) APR

What Credit Score Is Required to Get the Capital One Platinum Credit Card

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use a number of factors in their underwriting process, and these factors can change at any time.

App StatusDateCredit ScoreBureauCredit Limit
Approved03/10/2022
610
Experian
$300
Approved06/12/2021
658
TransUnion
$3,000
Approved04/06/2021
533
Experian
$500
Approved04/27/2022
650
Not Provided
$3,000
Approved09/11/2021
520
Experian
$3,000
Approved09/11/2021
530
Equifax
$3,000
Approved09/11/2021
579
TransUnion
$3,000
Pros
  • No annual fee
Cons
  • No welcome bonus
  • No rewards
  • High APR

What Are the Best Alternatives?

Petal® 1 "No Annual Fee" Visa® Credit Card
Petal® 1 "No Annual Fee" Visa® Credit Card

Rating

4.5

Rewards Range

None

Annual Fee

$0

Petal® 2 "Cash Back, No Fees" Visa® Credit Card
Petal® 2 "Cash Back, No Fees" Visa® Credit Card

Rating

4.6

Rewards Range

1% - 10%

Annual Fee

$0

Capital One QuicksilverOne Cash Rewards Credit Card
Capital One QuicksilverOne Cash Rewards Credit Card

Rating

4.4

Rewards Range

1.5%

Annual Fee

$39

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FAQs

Does the card_name give instant approval?

Capital One will try to provide a decision within 60 seconds of completing the online application. If additional information is needed, however, the application process can take 7 to 10 business days.

Is the Capital One Platinum Credit Card a good credit card?

Yes, for those with fair credit (580 to 669). While it doesn't offer cash back rewards, it has no annual fee and reports payments to all three credit bureaus.

Will the Capital One Platinum card improve my credit?

Capital One does report payments to all 3 credit bureaus (Equifax, Experian and TransUnion). With on-time payments, your credit score an improve.

Will I get an instant decision on my Capital One Platinum card application?

Capital One does attempt to provide a decision within 60 seconds, but there is no guarantee. A decision could take as long as 7 to 10 business days.

Does the Capital One Platinum card require a security deposit?

No. It is a traditional credit card, not a secured card.

Can I qualify for the Capital One Platinum card if I’ve filed for bankruptcy?

Yes. Our research has uncovered numerous individuals discharged from Chapter 7 bankruptcy who have qualified for the card. 

What credit score do you need to get the Capital One Platinum card?

Aim for a score of 570 or higher. While Capital One does not disclose a minimum score requirement, this card is designed for those with fair or average credit.

What credit limit will I get from the Capital One Platinum card?

The minimum credit limit is $300, however, users have reported starting limits as high as $1,000, $1,500 and even $3,000.