Rated 3/5 stars by our editorial team
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3.0/5.0 from 10 Offer Ratings
Over the Past 60 Days!
Regular Purchase APR
Intro Purchase APR
Intro BT APR
Typical Credit Needed
Foreign Transaction Fee
Balance Transfer Fee
Cash Advance Fee
3% of the amount of the cash advance, but not less than $10
The Capital One Platinum Credit Card is made for those who want a card with Platinum Mastercard benefits, but only have average credit and cannot qualify for a better card option. There is no annual fee for this card, which is pretty rare for a card that doesn't require excellent credit to get approved. There is no balance transfer fee, which is nice, but there's also no intro balance transfer APR, so the APR sits at 26.99% (Variable).
The real reason to get the Capital One Platinum Credit Card is to have a real Mastercard with features like text alerts to keep you informed about your account, $0 Fraud Liability if your card is lost or stolen, travel accident insurance, an extended warranty program, and more.
If you have fair credit then this card gives you a way to enjoy the perks and features of a Mastercard, despite your less than stellar credit. The interest rate is pretty high, but there is no annual fee, no surcharge for doing a balance transfer, and you have access to some helpful account management tools.
The good thing about this particular card is that it allows someone to have a genuine Mastercard when they do not really have great credit. It's a great first-time credit card.
The interest rate is high and if you carry a balance that can get really expensive, really fast. You should pay your balance in full each month with this card because of the 26.99% (Variable) APR.
Editorial Note: This content is not provided by Capital One. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by Capital One.
3.0 out of 5.0