Capital One Platinum Card Reviews for 2025 | WalletHubReviews, rates, fees, and customer service info for The Capital One Platinum Credit Card. Compare to other cards and apply online in secondsJohn KiernanWalletHubNo annual feeAvailable to people with limited creditFree credit-score accessNo foreign transaction feeNo rewardsHigh regular APRNo reduced introductory rates
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Improve Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
The Capital One Platinum Credit Card is a good credit card for people with average credit or who are new to credit. It is worth applying for the Capital One Platinum Card because of its $0 annual fee and the fact that it reports account information to the 3 major credit bureaus each month. That’s all you need to build credit inexpensively. Just make sure to pay the monthly bills on time and keep your balance well below Capital One Platinum’s credit limit.
WalletHub Rating Breakdown
User Reviews
3.6/5
5,580 reviewsRead and write reviews
Editor’s Review
5.0/5
John Kiernan, Credit Card EditorRead full review
Market Comparison
Market Comparison
3.4
The Market Comparison is a key component of the WalletHub Rating, as it measures how appealing the terms of a card are compared to a pool of over 1,500 credit card offers monitored by WalletHub. To ensure cards are evaluated for their most relevant purpose, we score each card across various cardholder needs and select the rating for the need with the highest score, which is “Improve Credit by Paying in Full Each Month” for this card.
Fees
5.0
Rewards
0.0
Cost
3.3
Other Features
4.5
3.4/5
Compared against 1,500+ credit cards
KEY TERMS
No Annual Fee
So you can build credit at no cost.
Accepted Credit Scores
Accepted Credit Scores
Fair Credit, Limited History, No Credit
Capital One Platinum Annual Fee
$0
Capital One Platinum APR on Purchases
29.74% (V)
Capital One Platinum Balance Transfer
APR: 29.74% (V)
Balance Transfer Fee:$0 at the Transfer APR, 4% of each transferred balance at a promo APR that Capital One may offer
Capital One Platinum's Additional Info
No annual or hidden fees. See if you're approved in seconds
Be automatically considered for a higher credit line in as little as 6 months
Help build your credit through responsible use of a card like this
Enjoy peace of mind with $0 Fraud Liability so that you won't be responsible for unauthorized charges
Monitor your credit score with CreditWise from Capital One. It's free for everyone
Get access to your account 24 hours a day, 7 days a week with online banking from your desktop or smartphone, with Capital One's mobile app
Check out quickly and securely with a contactless card, without touching a terminal or handing your card to a cashier. Just hover your card over a contactless reader, wait for the confirmation, and you're all set
Pay by check, online or at a local branch, all with no fee - and pick the monthly due date that works best for you
The Capital One Platinum Credit Card is a good credit card for people with average credit or who are new to credit. It is worth applying for the Capital One Platinum Card because of its $0 annual fee and the fact that it reports account information to the 3 major credit bureaus each month. That’s all you need to build credit inexpensively. Just make sure to pay the monthly bills on time and keep your balance well below Capital One Platinum’s credit limit.
You should also be sure to pay your balance in full each billing period if you decide to apply for Capital One Platinum. A low APR is not among Platinum’s perks. Capital One Platinum does not offer rewards, either, but there aren’t many rewards cards for people with limited credit who aren’t in college.
Capital One Platinum Review Highlights
No frills, no major fees
Some people might be turned off by the Capital One Platinum Card’s lack of both rewards and 0% introductory APRs. But at this point in your credit career, your top priority should be building credit as inexpensively as possible. And Capital One Platinum helps you do that by not charging annual, monthly or one-time fees. You won’t have to worry about foreign-transaction fees, either.
Designed for credit newcomers
The Capital One Platinum Card does not have a specific minimum credit score requirement, but the card was built for building credit, so applicants with limited credit history or a fair credit score can get approved. The Capital One Platinum Card is not available to applicants with bad credit.
Applicants who get approved for the Capital One Platinum Card can efficiently build a good credit score, too. As long as you pay your bill on time every month and avoid using your full credit line, Capital One will report positive account information to the major credit bureaus, helping you create a track record of credit responsibility. You can monitor your progress with WalletHub’s free daily credit score updates.
Good customer service
Capital One’s website and mobile app also enable you to solve a lot of customer service problems without calling. That includes activating your Capital One Platinum Card if you decide to apply and get approved, for example. To activate a Capital One Platinum Card, go to Capital One’s online card-activation page, sign in or create an account, and enter the 16-digit card number along with the card’s 3-digit security code.
Bad for carrying a balance
The Capital One Platinum Credit Card is not the best choice for financing, as any balance carried from month to month will accrue interest at an annual rate that’s higher than the 26.82% rate charged by the average credit card for fair credit, according to WalletHub’s most recent Credit Card Landscape Report.
Potential for a higher limit after 6 months
Cardholders are automatically considered for a higher spending limit after the first 6 months, based on initial performance. That could help improve your credit utilization, thus benefitting your credit score, but a higher limit is not guaranteed.
Note: This review is not provided, commissioned or endorsed by any issuer. Opinions and ratings are our own.
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Improve Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Editor’s Rating
5.0
User Reviews
3.6
Market Comparison
3.4
fees: 5.0
rewards: 0.0
cost: 3.3
Other Features: 4.5
3.9WalletHub Rating
WalletHub Rating
3.9
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Finance New Purchases." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Editor’s Rating
3.9
User Reviews
3.8
Market Comparison
3.9
fees: 5.0
rewards: 3.3
cost: 3.8
APR: 3.9
5.0WalletHub Rating
WalletHub Rating
5.0
This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Build Credit by Paying in Full Each Month (Students)." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs.
Editor’s Rating
4.7
Market Comparison
5.0
fees: 5.0
rewards: 5.0
cost: 5.0
Other Features: 5.0
(5,580)
(1,707)
(9)
annual fee$0
annual fee$0
annual fee$0
rewards rateNone
rewards rate 1 - 5% Cash Back
rewards rate 1 - 8% Cash Back
bonus offerNone
bonus offerNone
bonus offer $50
Purchase Intro APRNot Offered
Purchase Intro APR0% for 15 months
Purchase Intro APRNot Offered
transfer intro aprNot Offered
transfer intro apr0% for 15 months|Transfer Fee:3% intro balance, up to 5% fee on future balance transfers (see terms)*
Can't find what you are looking for? Submit your question about Capital One Platinum Credit Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this offer. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered.
The Capital One Platinum credit limit can be as high as $3,000 according to online cardholder reports, but it will depend entirely on the specifics of each applicant's credit and their overall financial situation. Most cardholders get credit limits of at least $300, though.
The Capital One Platinum card is designed for people with limited credit (less than 3 years of credit history). If your credit score and debt-to-income ratio are significantly better than the issuer's minimum requirements, your chances of getting a higher credit limit will improve.
Ultimately, if you are unhappy with your credit limit, the issuer periodically reviews accounts for automatic credit limit increases after 6 months of on-time payments. If you'd rather not rely on an automatic increase, you can request one yourself instead.
When you compare Capital One Platinum Credit Card (see Rates & Fees) vs. Capital One QuicksilverOne (see Rates & Fees) for no credit, the main differences are that Capital One QuicksilverOne (see Rates & Fees) gives 1.5% cash back on all purchases and has a $39 annual fee. On the other hand, Capital One Platinum (see Rates & Fees) does not offer rewards and has a $0 annual fee. Other than that, Capital One QuicksilverOne (see Rates & Fees) vs. Capital One Platinum (see Rates & Fees) is a draw. Both cards are for people with limited. And both cards charge $0 foreign transaction fees.
Capital One Platinum (see Rates & Fees) and Capital One QuicksilverOne (see Rates & Fees) are both great starter...
The Capital One Platinum Credit Card (see Rates & Fees) is available to people with limited credit. That means you do not need to have a credit score to get approved for the Capital One Platinum Credit Card (see Rates & Fees).
Note that there are plenty of other things that will impact your chances of being approved for the Capital One Platinum (see Rates & Fees), too. Some other key criteria include your income, existing debt load, recent credit inquiries, number of open accounts, housing status, and employment status. You can check your credit score for free on WalletHub.
The Capital One Platinum credit limit is $300 or more, depending on your creditworthiness. So, you're guaranteed at least a $300 spending limit if you're approved for the card, and if your credit score and income exceed what Capital One is looking for, you could definitely start off with a higher limit.
Keep in mind that you aren't stuck with your starting Capital One Platinum credit limit forever. Capital One may increase your limit if you make your...
You can request a Capital One Platinum (see Rates & Fees) credit limit increase online, through the Capital One mobile app, or by calling customer service at the number on the back of your card. To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income Capital One has on file. Capital One will be more likely to increase your credit...
Capital One Platinum is not hard to get because it is meant for beginners with no credit history. It's actually one of the easier credit cards to get approved for, since you don't need any prior experience - just a steady income, an SSN or taxpayer ID, and other basics.
Keep in mind that even though it's not hard to get the Capital One Platinum Credit Card (see Rates & Fees), you're still not guaranteed to be approved.
The best Capital One Platinum (see Rates & Fees) card benefits are account alerts and $0 fraud liability for unauthorized charges. These perks are certainly good to have, though it's important to note that they are also relatively common credit card benefit.
Capital One Platinum (see Rates & Fees) Credit Card Benefits
Account alerts
$0 fraud liability for unauthorized charges
Emergency card replacement
For Capital One products listed on this page, some of the benefits may be provided by Visa® or Mastercard® and may vary by product. See the respective Guide to Benefits for details, as terms and exclusions apply.
While these benefits aren't bad, the Capital One Platinum (see Rates & Fees) credit card simply doesn't have as many benefits as a...
The main difference between the Capital One Platinum (see Rates & Fees) and the Capital One Platinum Secured (see Rates & Fees) cards is their need for a security deposit. Capital One Platinum (see Rates & Fees) is an unsecured credit card, so you won't have to provide collateral. The Capital One Platinum Secured (see Rates & Fees) card, on the other hand, requires you to fund a security deposit in exchange for your credit line. It's important to mention that Capital One Platinum Secured (see Rates & Fees) is special in the sense that it's partially secured, so your credit limit can be higher that your security...
The Capital One Platinum (see Rates & Fees) card gives you a 25-day grace period to avoid paying interest on your purchases. The grace period runs from the end of the billing period until the card's payment due date. You won't owe any interest if you pay your balance in full during that timeframe. Should you decide to...
You can cancel your Capital One Platinum (see Rates & Fees) card application by calling Capital One's customer service as soon as possible. Note that you may have very little time to cancel an online application before it is processed. If you applied by mail, you may have more time to call customer service and cancel the application.
If you're unable to cancel your Capital One Platinum credit card application, you can always close the account as soon as you receive the...
Share your insights and review for the Capital One Platinum Credit Card
5
30%
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29%
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23%
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11%
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3.6
5,580 reviews
5,580 reviews
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Kathy Christie @kathyleebatey
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1 Star Rating
Verified Customer
They closed my account after I disputed $18 in charges that weren't mine. They took off the charges, then closed my account. FYI, I have a 100% on-time payment history for the 15 months I had it.
Just beware: they'll close it on you at any time.
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Williamsdon1212 @Williamsdon1212
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5 Star Rating
I started in 2022 with a Capital One Platinum Mastercard with a $300 unsecured limit. They have since upgraded me three times as well as approving me for three more cards with higher limits. They have been nothing but courteous and fair. I highly recommend this company. If you are a person that pays your bills on time and plays by the credit card games' rules, you will be fine.
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Chrystal Craft @Electrionia
I’ve done that,it’s not working for me. I pay a bill as soon as I get the first bill. They continually tell me I owe. I have overpaid them and they still say I owe. I’ve emailed,called,written,screamed at the mountain top and still hear nothing EXCEPT they send me another bill. It’s ridiculous
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Ellis McRoy @ellism_1
@Electrionia you should not wait until you receive your bill. You should pay before your statement comes. IE: Posted statement April 14 you should pay your balance (with bank account) on April 6 or (with debit card) April 11. That way when you receive your statement you’ll have a zero balance and zero usage. You wanna be between 0-10% on every statement.
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Ada Brewster @adab_3
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1 Star Rating
Verified Customer
I've had the card for over eight years, always paying it off as charges are posted, and have never carried a balance. Capital One tries to discourage this by requiring me to call in and verify that the checking account used to pay belongs to me, even though I have used it for the entire time I have had the credit card. They freeze the account until I go through the process, even when over 30 days have passed and I have a zero balance on my card. They seem to prefer customers who carry a balance from month to month and incur interest. I tried to talk to customer service about this, but they say they must follow their computer system's instructions, even though they can see that they have verified this same checking account in the past and the payments have all cleared. I recommend choosing any other card but this one. Now, if I close it, I lose a favorable account from my credit report, and if I use the card, I have to jump through hoops for them. It's a difficult situation no matter what I do. The card seems to be a trap; stay away from the Platinum Card and the lack of customer service that comes with it.
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Nimfa Keyes @keyesnimfa
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3 Star Rating
I have had it for two years, with no raise in credit. Payments are on time; there have been no late payments. They keep asking for my income update, which has gone up, but there's no increase. Next time, if asked again, must I respond? It seems useless to do so, yet they offer up to a $500.00 bonus if you can get others to apply for their card. It seems like a double standard to me.
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Kathleen Conlon @kmc1917
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1 Star Rating
Verified Customer
I paid Capital One $800 in mid-August. I have informed them of this. Yet it remains unchanged on all credit reporting sites.
And I paid from a CAPITAL ONE account. Get it together, CO!
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Kelli Harris @kharris7891
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1 Star Rating
Verified Customer
They approved me and then cancelled the next day. Capital One is a scam; they will hurt your credit, definitely not improve it. Stay away from companies like this. The best way to build credit is through a bank that offers secured credit cards.
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Joshua Tate @jtate471
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1 Star Rating
Very bad card to get. They hold your payments until after the statement date. This will happen around month five when they see they can't earn any interest from your account. Customer service is terrible. Please apply for a Merrick or Indigo credit card instead. God bless you all.
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Andrew Avery @aave3880
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1 Star Rating
Verified Customer
Small credit lines; just a fraction of other cards and not worth the credit hit of opening a new account. Citi, Discover, and most banks are a much better use of your good credit score. Not a good idea to apply.
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Michael Meehan @luft332
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1 Star Rating
I purchased something on eBay and it never showed up. I complained to the seller, and all they did was show me the UPS delivery confirmation that it had been delivered. Okay, maybe it was delivered but not to me! The UPS driver did not take a picture at the time of delivery, so there was nothing to show where they left it.
I lost the eBay case because the seller produced the delivery confirmation, and I could not prove I didn't receive it.
I filed a claim with UPS, and they could not locate the package. They paid the claim to the seller, but the seller would not reimburse me! So, I asked Capital One for help since I had used my credit card. Even though I submitted the paperwork from UPS showing the package had been lost and paid for, they decided in the seller's favor. I called and spoke to a rep whom I could barely understand. She was of no help. I paid off the balance and closed the account. There's no way I'm going to deal with a company that doesn't help and support their account holders!
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Aiye Daade @deenkaka72
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1 Star Rating
Capital One is absolutely fraudulent. Don't dare apply for their card; they are dubious and engage in fraudulent activities. They charge ridiculous hidden fees.
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Review Capital One Platinum Credit Card
Expert Thoughts on Capital One Platinum
To help people who are interested in the Capital One Platinum Card make an educated decision, WalletHub posed the following questions to a panel of experts. You can find the experts listed below. Simply click “READ MORE” to check out an expert’s answers and advice.
Which type of credit card is better for beginners: one with no annual fee and no rewards, or one with rewards and an annual fee?
Why don’t more credit card companies offer cards for people with limited or no credit history?
When is the best time to apply for a credit card like Capital One Platinum?
Ben Sopranzetti Ph.D., RBS Dean's Professor of Business, Vice Chair, Department of Finance and Economics, Rutgers Business School - Newark and New Brunswick Read More
J. Carlos Martinez Faculty of Economics, Dallas College, El Centro Campus Read More
Tingting Jia Ph.D., Visiting Assistant Professor of Finance, Bucknell University Read More
Michael Simkovic Leon Benwell Professor of Law and Accounting, USC Gould School of Law Read More
Nilton Porto MBA/Ph.D. – Associate Professor, Consumer Finance Human Development & Family Science, University of Rhode Island Read More
Lauren Stansell CFP®, Partner • Senior Financial Planner Read More
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2025 WalletHub Awards
Capital One Platinum Credit Card is an Editor's Pick for:
