Capital One® Platinum Credit Card Review

By

Overview

If you are looking for a no-annual-fee credit card to build credit history, Capital One Platinum Credit Card is one of the best choices. It is an unsecured credit card for people with average credit ratings to improve their credit. You can be approved for the card if your FICO credit score is in the 600s. The Capital One Platinum Credit Card reports monthly to all three major credit reporting agencies. It also allows you to increase credit limit after five months, which will positively improve your credit score.

  • Pay no annual fee
  • Be automatically considered for a higher credit line in as little as 6 months
  • Fraud coverage if your card is lost or stolen
  • Use online banking to access your account, even from your smartphone, with our 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
  • Get access to your account 24 hours a day, 7 days a week
  • Help build your credit through responsible use of a card like this

Card Benefits

If you have not established a credit profile yet, it will be difficult for you to obtain new credit lines or loans. Don’t worry. The Capital One Platinum Credit Card can come to the rescue. It is an unsecured credit card which does not require a security deposit to open an account. It accepts applicants of limited or no credit, such as those who are starting to apply for the first credit card. If your credit score is in the 600s, most card issuers would refuse to grant you an unsecured credit card. But you can still be approved for the Capital One Platinum Credit Card because it is a card designed for people with average credit to start building your credit.

The Capital One Platinum Credit Card is a Mastercard that is widely accepted by most merchants around the world. You will be automatically considered for a higher credit line in as little as 6 months. You can also enjoy unlimited access to your credit score and tools to help you monitor your credit profile with CreditWise from Capital One. You are covered by $0 Fraud Liability if your card is ever lost or stolen. That means you will not be responsible for fraudulent purchases.

Rates and Fees

This credit card has no annual fee, making it a wonderful credit card to keep for a long time. It is a good credit card for people who are new to credit.

Is this the right card for you?

If you have average or fair credit, the Capital One Platinum Credit Card is a good credit card to build credit without having to pay an annual fee. It is an unsecured card which means that you don’t need to make a security deposit. It is a Mastercard that can be used almost everywhere. It reports to all three major credit bureaus of Experian, TransUnion, and Equifax. As long as you make payments on time, this card will be the perfect tool to establish credit.

Similar Cards for Credit Building

If you are interested in the Capital One Platinum Credit Card, you may also consider a few other credit-building cards with similar benefits.

Credit CardsPurchase APRTransfer InfoAnnual Fee Credit Level
Deserve Edu

18.74% Variable APR

N/A

$0

Good / Limited CreditApply NowView Card Details
  • Enjoy Amazon Student Prime Membership on us for a year , must be a student to qualify.
  • Earn 1% cash back on all purchases automatically.
  • No Social Security Number required for International Students and no credit history required.
  • No Annual Fee, No Foreign Transaction Fees, and No Late Fee on first late payment.
  • Cell Phone Protection up to $600 when you pay your cell phone bill with Deserve EDU Mastercard along with Mastercard Platinum Benefits
  • More Perks You Deserve: Mint Mobile: Three Months of Text + Talk! Use your Deserve Mastercard to sign up and pay for any Mint Mobile wireless plan and you'll get a $45 statement credit. Lemonade Insurance Rebate - Pay for 3 consecutive monthly insurance from Lemonade with your Deserve card and get a $10 statement credit. Feather Furniture Rental - Use your Deserve card to rent furniture from Feather and enter promo code DESERVE100 to get $100 off your first month's rental.
  • Start/Stop card use + stay current with your FICO score with the Deserve mobile app.
  • Start building credit responsibly and enjoy the perks of being a student
  • No Deposit Required.
Upgrade Card

6.99% - 29.99% APR

N/A

$0

Excellent, Good, Fair, Average CreditApply NowView Card Details
  • Combine the flexibility of a card with the low cost and predictability of a loan
  • $0 fees - $0 annual fee, $0 activation fees, $0 maintenance fees
  • No touch payments with contactless technology built in
  • See if you qualify in minutes without hurting your credit score
  • Access to a virtual card while you wait for your card to arrive in the mail
  • Great for large purchases with predictable payments you can budget for
  • Mobile app to access your account anytime, anywhere
  • Enjoy peace of mind with $0 Fraud liability
Indigo® Platinum Mastercard®

24.9% APR

N/A

$0 - $99

Fair / Good CreditApply NowView Card Details
  • Easy pre-qualification process with fast response
  • Don't have perfect credit? No problem!
  • 24/7 access to your account, even on mobile!
  • No security deposit
  • Account history is reported to the three major credit bureaus in the U.S.
Indigo® Mastercard® with Fast Pre-qualification

24.9% APR

N/A

$0 - $99

Fair / Good CreditApply NowView Card Details
  • Our pre-qualification process does not affect your credit score
  • Keeping your account in good standing may help establish and/or improve your credit
  • 24/7 access to your account, even on mobile!
  • Protection from fraud, if your card happens to be lost or stolen
  • Account history is reported to the three major credit bureaus in the U.S.
Indigo® Platinum Mastercard®

24.9% APR

N/A

$0 - $99

Fair / Good CreditApply NowView Card Details
  • Easy pre-qualification process with fast response
  • Less than perfect credit is okay
  • Online servicing available 24/7 at no additional cost
  • Unsecured credit card, no security deposit required
  • Account history is reported to the three major credit bureaus in the U.S.
Indigo® Unsecured Mastercard®

24.9% APR

N/A

$0 - $99

Fair / Good CreditApply NowView Card Details
  • Pre-qualify today without an impact on your credit score
  • Keeping your account in good standing may help establish and/or improve your credit
  • Access your account online or from your mobile device 24/7
  • Protection from fraud if your card is stolen
  • Account history is reported to the three major credit bureaus in the U.S.
Indigo® Unsecured Mastercard® - Prior Bankruptcy is Okay

24.9% APR

N/A

$0 - $99

Fair / Good CreditApply NowView Card Details
  • Pre-qualifying today will not affect your credit score
  • Less than perfect credit histories can qualify, even with prior bankruptcy!
  • Mobile friendly online access from anywhere
  • Fraud protection for stolen or lost cards
  • Account history is reported to the three major credit bureaus in the U.S.
Applied Bank® Unsecured Classic Visa® Card

See website for Details*

N/A

See website for Details*

See Website For Details*Apply NowView Card Details
  • Quick & Easy Approval in Less Than 60 Seconds!
  • Reports to All Three Major Credit Bureaus
  • No Penalty Rate. Your Rate Won't Go Up Even If You are Late
  • Access Additional Credit With On-Time Payments and Responsible usage
  • A True Unsecured EMV enabled (chip) Visa Credit card
  • Does not require perfect credit for approval
  • Fixed APR and Manageable Monthly Payments
  • 24/7 Online Account Access and Payment Options
  • E-mail Payment reminders help you keep your account in good standing
  • Enjoy Amazon Student Prime Membership on us for a year , must be a student to qualify.
  • Earn 1% cash back on all purchases automatically.
  • No Social Security Number required for International Students and no credit history required.
  • No Annual Fee, No Foreign Transaction Fees, and No Late Fee on first late payment.
  • Cell Phone Protection up to $600 when you pay your cell phone bill with Deserve EDU Mastercard along with Mastercard Platinum Benefits
  • More Perks You Deserve: Mint Mobile: Three Months of Text + Talk! Use your Deserve Mastercard to sign up and pay for any Mint Mobile wireless plan and you'll get a $45 statement credit. Lemonade Insurance Rebate - Pay for 3 consecutive monthly insurance from Lemonade with your Deserve card and get a $10 statement credit. Feather Furniture Rental - Use your Deserve card to rent furniture from Feather and enter promo code DESERVE100 to get $100 off your first month's rental.
  • Start/Stop card use + stay current with your FICO score with the Deserve mobile app.
  • Start building credit responsibly and enjoy the perks of being a student
  • No Deposit Required.
  • Combine the flexibility of a card with the low cost and predictability of a loan
  • $0 fees - $0 annual fee, $0 activation fees, $0 maintenance fees
  • No touch payments with contactless technology built in
  • See if you qualify in minutes without hurting your credit score
  • Access to a virtual card while you wait for your card to arrive in the mail
  • Great for large purchases with predictable payments you can budget for
  • Mobile app to access your account anytime, anywhere
  • Enjoy peace of mind with $0 Fraud liability
  • Easy pre-qualification process with fast response
  • Don't have perfect credit? No problem!
  • 24/7 access to your account, even on mobile!
  • No security deposit
  • Account history is reported to the three major credit bureaus in the U.S.
  • Our pre-qualification process does not affect your credit score
  • Keeping your account in good standing may help establish and/or improve your credit
  • 24/7 access to your account, even on mobile!
  • Protection from fraud, if your card happens to be lost or stolen
  • Account history is reported to the three major credit bureaus in the U.S.
  • Easy pre-qualification process with fast response
  • Less than perfect credit is okay
  • Online servicing available 24/7 at no additional cost
  • Unsecured credit card, no security deposit required
  • Account history is reported to the three major credit bureaus in the U.S.
  • Pre-qualify today without an impact on your credit score
  • Keeping your account in good standing may help establish and/or improve your credit
  • Access your account online or from your mobile device 24/7
  • Protection from fraud if your card is stolen
  • Account history is reported to the three major credit bureaus in the U.S.
  • Pre-qualifying today will not affect your credit score
  • Less than perfect credit histories can qualify, even with prior bankruptcy!
  • Mobile friendly online access from anywhere
  • Fraud protection for stolen or lost cards
  • Account history is reported to the three major credit bureaus in the U.S.
  • Quick & Easy Approval in Less Than 60 Seconds!
  • Reports to All Three Major Credit Bureaus
  • No Penalty Rate. Your Rate Won't Go Up Even If You are Late
  • Access Additional Credit With On-Time Payments and Responsible usage
  • A True Unsecured EMV enabled (chip) Visa Credit card
  • Does not require perfect credit for approval
  • Fixed APR and Manageable Monthly Payments
  • 24/7 Online Account Access and Payment Options
  • E-mail Payment reminders help you keep your account in good standing

Editorial Note: The editorial content on this page is prepared by CardBenefit.com staff. Opinions expressed herein are author's alone, not those of the bank, credit card issuer, airlines or hotel chains, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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