Are you tired of credit cards with hidden fees and sky-high interest rates? Explore the Capital One Platinum Credit Card, which is your key to unlocking a universe of financial freedom.Capital One Platinum Credit Cardoffers a broad approach to financial freedom with no annual or hidden fees. See if you’re pre-approved in seconds and start building your credit with responsible use. Enjoy peace of mind knowing you’re protected from unauthorized charges with $0 Fraud Liability. Keep an eye on your credit score with free access to CreditWise from Capital One. Plus, manage your account 24/7 with the convenient mobile app. It’s the perfect card for anyone looking to take control of their finances and unlock a brighter financial future.
Quick Highlights
- No annual fees & instant approval check
- Potential credit line increase in 6 months
- Build credit with responsible use
- $0 fraud liability for unauthorized charges
- Free credit score monitoring with CreditWise
- 24/7 access to accounts with online & mobile banking
- Contactless payments for fast & secure checkout
- Flexible payment options (check, online, branch) with no fees
- Choose your preferred monthly due date
Rewards and benefits
Rewards
- There is no rewards/welcome bonus offered by card.
Benefits
- No annual fee:This saves your money compared to other cards with a yearly fee.
- Builds credit:Responsible use of the card and on-time payments can help improve your credit score over time.
- No foreign transaction fees:Unlike many other cards with a foreign transaction fee of around 3%, you won’t be charged extra for using your card internationally.
- Security features:The card has various security features, including a $0 fraud liability. You won’t be responsible for unauthorized charges and card lock functionality to disable your card if you lose it.
- Credit monitoring:Capital One provides access to CreditWise, a tool that allows you to monitor your credit score for free.
Rates and Fee
- Foreign transaction fee:0%
- Late payment fee:Up to $40
- Annual Fee: $0
- Cash advance APR:30.74% (Variable)
- Cash Advance Fees: 5% or $5 of the amount of the cash advance, whichever is greater
- Penalty APR:None
- Returned payment fee:None
Features
- Automatic Credit Line Reviews
Be considered for a higher credit line with automatic reviews in as little as 6 months.
- CreditWise with Unlimited Access
Enjoy complete access to your credit score and helpful tools to monitor your credit profile with CreditWise from Capital One. It’s accessible and available to everyone, regardless of whether you have a Capital One product.
- Zero Fraud Liability
Rest assured, you’re covered by $0 Fraud Liability if your card is lost or stolen. This means you won’t be responsible for any unauthorized purchases.
- Tap to Pay for Faster Checkouts
Experience faster and more secure purchases with your contactless card. Hold or tap your card near a contactless reader, and you’re ready.
Other Benefits
Travel & Retail
No Foreign Transaction Fees
Enjoy international travel without the burden of extra fees. When you use your Capital One card abroad, you won’t incur any foreign transaction charges.
Emergency Card Replacement
Travel with peace of mind knowing Capital One offers emergency card replacement if your card is lost or stolen.
ATM Location Services
Never get lost finding an ATM again. Capital One provides convenient ATM location services while you’re on the go.
Tap to Pay
Experience the ease and security of contactless payments. Simply tap your Capital One card on any contactless reader to pay quickly and securely.
Exclusive Café Discount
Capital One cardholders Savor 50% off handcrafted beverages every day at participating Capital One Cafés nationwide. Find your nearest Café to enjoy this delicious perk!
Apps & Digital Services
Capital One Mobile App
Manage your finances effortlessly with the Capital One Mobile app at your fingertips. Pay bills, check your balance and transactions, and even monitor your credit for free with CreditWise, all in one place. Download the app today and experience the convenience of mobile banking.
Eno, your Capital One assistant
Never miss a beat with Eno, your Capital One assistant, watching over your accounts 24/7. Receive timely alerts for essential transactions and get answers to your questions on the go, empowering you to stay on top of your finances wherever you are. Learn more about Eno and discover how it can simplify your banking experience.
CreditWise from Capital One
Take control of your credit with CreditWise from Capital One. This free service, available to everyone regardless of your bank, empowers you to monitor your credit score and understand your credit report. With CreditWise, you can stay informed about your financial health without any impact on your credit score.
Protection
Real-time Alerts:Get notified via text, email, or phone if Capital One detects potential suspicious activity on your account. React quickly and prevent unauthorized charges.
$0 Fraud Liability:Enjoy peace of mind knowing you’re not responsible anymore for unauthorized charges.
Account Alerts:Get notified of potential mistakes or unexpected charges, like duplicate purchases or unusual bill increases.
Virtual Card Numbers:Generate unique, one-time numbers for online purchases without ever revealing your actual card number.
Card Lock:Misplaced your card? No sweat! Easily lock it in the Capital One Mobile App to prevent unauthorized use.
CreditWise:Stay informed about changes to your TransUnion® or Experian® credit report with free CreditWise monitoring.
Account Management
Account Alerts in any inconvenience:Set up your personal email and text reminders to stay on top of your account activity, like low-balance notifications and upcoming payments.
Autopay:Schedule automatic payments for your account to avoid late fees and ensure timely payments.
See Monthly Recurring Transactions:Access a list of merchants with recurring monthly charges on your Capital One card, helping you manage subscriptions and bills.
Authorized User:You can add an authorized person/user to your account to track spending by individual users, promoting financial responsibility and building credit.
Balance Transfer:Transfer high-interest balances from other cards to your Capital One card with lower interest rates, potentially saving you money.
24/7 Customer Service:Our helpful customer service representatives can answer any questions.
Application Process
- Please navigate to the Application Page:Locate their website’s Capital One Platinum Credit Card page.
- Review Card Details:Carefully review the card’s features, including the annual fee (if any), interest rate, rewards program (if applicable), and benefits.
- Start Application:Complete the application form by clicking the “Apply Now” button.
- Provide Information:Accurately fill out the application form, providing details like your name, contact information, employment information, and annual income.
- Verification:You may be required to verify your identity by providing your SSN (Social Security number) or Individual Taxpayer Identification Number (ITIN).
- Submit Application:Once you’ve reviewed and confirmed all the information, submit your application electronically.
Conclusion
The Capital One Platinum Credit Card serves individuals building or rebuilding their credit. It offers a $0 annual fee, no foreign transaction fees, and the potential for a credit limit increase in as little as six months with responsible use. While it doesn’t offer rewards on everyday purchases, it does provide essential benefits like fraud protection and mobile wallet compatibility. Overall, it’s a decent option for those looking for a no-frills credit card to build or improve their credit score.
Customer Service
- Customer Care: 1-877-383-4802
- Official website: Capital One
Frequently Asked Questions (FAQs) Capital One Platinum Credit Card
This card is ideal for individuals aiming to build or rebuild their credit due to its:
- No annual fee
- No security deposit required
- Potential for credit limit increase
However, remember the card also has a:
- High APR, making it expensive to carry a balance
- Potentially low starting credit limit
- No rewards program
- No annual fee
- Potential for credit limit increase with on-time payments
- No foreign transaction fees
- $0 fraud liability
- Free credit score monitoring with CreditWise from Capital One
- 24/7 online access and mobile app for account management
- Contactless payment option
- High APR
- Potentially low starting credit limit
- No rewards program
You can visit the Capital One websitehttps://www.capitalone.com/credit-cards/platinum/for more information and to apply for the card.
5.6Expert Score
Credit Building
The Capital One Platinum Credit Card offers a way to build credit with no annual fees, pre-approval in seconds, and features like$0 fraud liabilityand free credit score monitoring. Manage your account24/7with the mobile app and enjoy the convenience of contactless payments.
Credit Building Rating
8
Cost of Membership
7.6
Ease of Building Credit
8
Rewards Flexibility
2
Features
2.5
PROS
- No annual fee: Unlike many cards for those building credit, this card has no annual fee.
- Potential credit limit increase: On-time payments for the first six months can lead to a higher credit limit.
- Security deposit not required: No upfront deposit is necessary to use the card.
- Limited fees: The card avoids common fees like annual fees, foreign transaction fees, and penalty APR for missed payments.
CONS
- High APR: Regardless of credit history, all cardholders face a high annual percentage rate (APR), making carrying a balance expensive.
- Low starting credit limit: As an unsecured card, the starting credit limit may be low, potentially hindering credit-building efforts.
- No rewards program: The card lacks a rewards program, which reduces its long-term value compared to cards offering cashback or points.
Specification: Capital One Platinum Credit Card Review
| Best For: | Credit Building |
|---|---|
| Recommended Credit | Fair to Good (580 – 739) |
| Intro Offer: | No Current Offer |
| Rewards | This card doesn't offer cash back, miles, or points |
| Annual Fee: | No Annual Fee |
| Regular APR: | 30.74% variable |
| Intro Balance Transfers APR: | N/A |
| Intro Purchase APR: | N/A |
| Intro Purchase APR Period: | N/A |
| Balance Transfers Fee: | 4% of the amount of each transferred balance |
| Foreign Transaction Fee | No Foreign Transaction Fee |
| Cash Advance Fee | Either $5 or 5% of the amount of each cash advance, whichever is greater. |
| Late Payment Fee: | Up to $40 |
| Cash Equivalent Fee | N/A |
| Convenience Check Fee | N/A |
| Returned Payment Fee: | N/A |
| Over Limit Fee: | No Over Limit Fee |
| ExtendPay Fee | N/A |
| Credit Card Limit: | up to $3,000. |
| Credit Card Type | credit building |
| Credit Card Features | $0 fraud liability, Emergency card services |
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