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The Capital One Platinum Credit Card is designed for individuals who need an additional opportunity to strengthen their credit score! Those with a lower credit score now have a chance to increase it! The Platinum credit card ensures that after paying the bill on time and with responsible use, you can be automatically considered for a higher credit line in as little as 6 months
The card is quite easy to handle as there are no annual fees to deal with, no balance transfer fees! Best of all, there are no foreign transaction fee if you need to use it when traveling. It’s essential for those wanting a better credit score without worrying about fees in their wallet.
* The Platinum Credit Card is issued by Capital One. They also offer great sign-up bonuses for their Checking/Savings accounts. You can also compare this card with other credit card bonuses!
See our best bank bonuses updated daily to earn up to $1,000 in free money. Find popular checking offers such as Chase Bank, HSBC Bank, TD Bank, Huntington Bank, BBVA, Discover Bank, and CIT Bank. See our best rates for Savings and CD too. |
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| Chase Business Complete BankingSM $300 Bonus | Chase Total Checking® $200 Bonus |
| HSBC Premier Checking $450 Bonus | HSBC Premier Checking Up To $600 |
| HSBC Advance Checking $200 Bonus | HSBC Advance Checking Up To $240 |
| TD Bank Beyond Checking $300 Bonus | TD Bank Convenience Checking $150 Bonus |
| Huntington 25 Checking $500 Bonus | Huntington Business Checking 100 $200 Bonus |
| Huntington Unlimited Business Checking $400 Bonus | Huntington Unlimited Plus Business Checking $750 Bonus |
| Axos Basic Business Checking $100 Bonus | Aspiration Spend & Save Account $100 Bonus |
| Ally Invest Up To $3,500 Bonus | Wise Business Banking $100 Bonus |
| WeBull 4 Free Stocks | |
Table of Contents
Capital One Platinum Credit Card Summary
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| Bonus Available | No welcome offer available. |
| Ongoing Rewards/Benefits | Be automatically considered for a higher credit line in as little as 6 months |
| Foreign Transaction Fees | None |
| Annual Fee | $0 |
Recommended Free Credit Score (Get Free Score) 580 – 740 (Fair – Good)
PROS
- No annual fee
- Designed for Average credit
- Access a higher credit line
- No foreign transaction fees
CONS
- No welcome bonus
- No rewards
- High APR
Editor’s Alternate Card Pick
 The Capital One Quicksilver Cash Rewards Card offers a one-time $200 cash bonus after spending $500 on purchases within 3 months from account opening. You'll be able to earn an unlimited 1.5% cash back on every purchase, every day with no rotating categories or sign-ups needed to earn cash rewards. This card comes with no annual fee and no foreign transaction fees which makes this card a viable option for your go-to everyday card. |
No Fees On Capital One Platinum Credit Card
For those that don’t want to deal with frustrating fees then apply for this card! It’s the perfect card to strengthen your credit score with a worry-free mindset. You don’t have to deal with pesky annual fess, balance transfer fees, or even foreign transaction fees!
This card will offer you the ease of use and with peace of mind that you have credit if things arise. Apply for this card to build your credit, and slowly you’ll be able to apply for the best credit cards from Capital One that will work for you. This means, you’ll get an opportunity to earn cash back and reward points!
Capital One Platinum Card Credit Line
Credit cards are created for people with average credit comes with low limits. If you sign up with Capital One Platinum and make your first five monthly payments on time, you’ll be rewarded with a higher credit line.
Why You Should Apply for This Card
- No Annual Fee: Use this as an incentive to pay off your balance in full and on time to help you build credit efficiently and effectively.
- Fair Credit Score Needed: Most credit cards need good to excellent credit to apply for. With the Platinum Credit Card, you just need an average credit score to apply for it.
- Be automatically considered for a higher credit line in as little as 6 months: If you make timely payments on this card and responsible use, you can be automatically considered for a higher credit line in as little as 6 months. Many competing cards make you wait as long as 12 months to request an increase. If you’re planning to make a large, time-sensitive purchase, or simply want more spending flexibility, a year is a long time to wait.
Other Capital One Platinum Card Top Features
You don’t need an upfront deposit to secure your account. That’s a big advantage relative to secured competitors. Some of them require a hefty minimum deposit before you can use your card.
Most competitors also cap your spending at the deposited amount. That stalls the possibility of a credit line increase until you find more funds.
Avoid the balance transfer fee when transferring balances from other cards.
Use this card when traveling abroad without paying a foreign transaction fee. That’s a rare perk for a credit-building card.
This card doesn’t carry a penalty APR, which is an excellent benefit if you occasionally miss a payment.
This card comes with a free credit score on-demand, as well as a bunch of useful credit-building and credit-tracking tools with Capital One CreditWise. Some cards, even those who charge an annual fee, don’t even have this benefit.
Bottom Line
If you’re looking for a simple credit card for a low credit score, the Capital One Platinum Credit Card is it. It doesn’t have the bedazzle and glam like other card. However, this one will help strengthen your credit score and allow you fee-free credit.
See our full list of credit card bonuses for all your credit card needs!
(Visit Capital One for more details about this card)
Who’s the Competition?
As an alternative, the Capital One Quicksilver Cash Rewards Credit Card is great for those with average credit scores. It offers the advantage of having a bonus with no annual fee.
The Capital One Quicksilver Cash Rewards Card offers a one-time $200 cash bonus after spending $500 on purchases within 3 months from account opening. You'll be able to earn an unlimited 1.5% cash back on every purchase, every day with no rotating categories or sign-ups needed to earn cash rewards. This card comes with no annual fee and no foreign transaction fees which makes this card a viable option for your go-to everyday card. |
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase Business Complete BankingSM | $300 Cash | Review |
| Chase Total Checking® | $200 Cash | Review |
| HSBC Premier Checking Member FDIC | $450 Cash | Review |
| HSBC Premier Checking Member FDIC | Up To $600 | Review |
| HSBC Advance Checking Member FDIC | $200 Cash | Review |
| HSBC Advance Checking Member FDIC | Up To $240 | Review |
| Huntington 25 Checking | $500 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
| Wise Business Banking | $100 Cash | Review |
| Axos Bank Basic Business Checking | $100 Cash | Review |
| Aspiration Spend & Save Account | $100 Cash | Review |
| American Express High Yield Savings | 0.50% APY | Review |
| CIT Bank Money Market | 0.50% APY | Review |
| Ally Invest | Up to $3,500 Cash | Review |
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