Capital One Platinum Credit Card Review

Review of: Capital One Platinum Credit Card

Reviewed by:
On August 5, 2011
Last modified:February 28, 2014


A good card for those with average credit looking to build a positive credit history.

When credit cards were introduced to the masses more than 25 years ago, they were used simply to provide a method of payment and nothing more.  Credit Card rewards didn’t exist and managing your finances while building credit wasn’t the concern of every credit card holder.  Consider the Capital One® Platinum Credit Card a return to those simpler times.

Let’s start with the positives.  The Capital One® Platinum Credit Card allows consumers with average credit to obtain an unsecured line of credit. This means that a deposit is not required to make purchases with your card.  The purchase APR associated with this card is 24.9% (V).

Also on the plus side, the Capital One® Platinum Credit Card has a low annual fee of just $19, which is kindly waived for the first year.  The card does not charge a foreign transaction fees.  Any purchases made on foreign soil (or online to foreign merchants) will not be charged additional fees

You won’t find a rewards program associated with the Capital One® Platinum Credit Card and if you need a balance transfer, moving your balance to a 24.9% (V) is not a wise idea.  This card offers the bare minimum in terms of perks, but the one thing you will find is an unsecured credit line for those with average credit.


  • Start with no annual fee for the first year; $19 after that
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • Fraud coverage if your card is lost or stolen
  • Use online banking to access your account—even from your smartphone with our mobile app
  • Pick the monthly payment due date that works best for you
  • Pay however you want—by check, online, or at a local branch, all with no fee
  • Get access to your account 24 hours a day, 7 days a week
  • Receive extended warranty protection at no charge on eligible items purchased with your credit card

The Capital One® Platinum Credit Card has everything a responsible personal finance consumer needs.  Remember to pay your credit on time, stay within your credit limit and soon enough, you’ll be able to move on to a Capital One product with a top-tier rewards program.  Anyone in need of building their credit should consider the Capital One® Platinum Credit Card.

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