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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 for 5 months after account opening, you will get a higher credit line.
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!
Note: Check out the following cards to earn one of the best flat cash back opportunities across all purchases: Wells Fargo Cash Wise card, the Chase Freedom Unlimited card, or the American Express Cash Magnet card! For a wider variety, see more credit card bonus offers here.
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| Chase Sapphire Preferred® Card | 60,000 Points | Review |
| Chase Ink Business UnlimitedSM Credit Card | $500 Cash | Review |
| Chase Ink Business CashSM Card | $500 Cash | Review |
| Chase Freedom® | $150 Cash | Review |
| Chase Freedom Unlimited® | 3% Cash Back | Review |
| UnitedSM Explorer Business Card | Up to 100,000 Miles | Review |
| ABOC Platinum Rewards Mastercard® | $150 Cash | Review |
Table of Contents
Capital One Platinum Credit Card Summary
 |
| Bonus Available | No welcome offer available. |
| Ongoing Rewards/Benefits | Access a higher credit line when you make your first 5 monthly payments on time. |
| 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 $150 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.
- Opportunity for Credit Line Increase in 5 Months: If you make timely payments on this card, you’re eligible for a credit line increase in as little as 5 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.
Use this card and pay off your bill on time for 5 months and you’ll receive an increase on your credit line! It’s easy as that. 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 $150 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 Premier Plus CheckingSM | $300 Cash | Review |
| Chase Total Checking® + Chase SavingsSM | $350 Cash | Review |
| Chase Total Business Checking® | $200 Cash | Review |
| Chase SapphireSM Checking | $750 Cash | Review |
| Simple High-Yield Checking | $300 Cash | Review |
| Discover Bank Online Savings | $200 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| You InvestSM by J.P. Morgan | $625 Cash | Review |
| Chase Private Client | $1,250 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Discover Cashback Debit Account | $360 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 |
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