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Capital One Platinum Credit Card

The Capital One Platinum Credit Card has no annual fee and does not earn rewards ⁠2⁠1. Its defining feature is an automatic review for a higher credit line in as little as 6 months, alongside no foreign transaction fee, $0 fraud liability and free CreditWise credit monitoring ⁠1.

Compiled from official sources Checked against Capital One’s terms Last reviewed How we research
Contents8 sections

At a glance

Annual fee$0⁠2
Foreign transaction feeNone Product page states no foreign transaction fees; the pricing terms fee table lists no foreign transaction fee row.⁠1
RewardsDoes not earn rewards; designed for building credit.
NetworkNot stated by Capital One
Card typeCredit building card
IssuerCapital One · Official card page

What to know about the Platinum

Platinum is a card for building credit: the rates and fees list no annual fee, and the card earns no rewards, so its product page centers on account tools instead ⁠2⁠1. The credit line review is automatic, meaning cardholders do not have to request it, and Capital One says it can come in as little as 6 months ⁠1. Capital One does not promise an increase, only that the account will be considered for one ⁠1.

If the card is lost or stolen, the cardholder is not responsible for unauthorized charges, though claims are subject to investigation and verification ⁠1. CreditWise gives free access to a credit score and monitoring tools; it is open to anyone, not only Capital One customers, and its availability depends on Capital One obtaining the user's TransUnion credit history ⁠1.

Purchases made outside the United States carry no transaction fee ⁠1. The product page does not describe travel or purchase insurance for Platinum, and neither it nor the rates and fees name the card's payment network, so neither is listed here ⁠1⁠2. Cardholders can get 50% off handcrafted beverages at Capital One Cafés, an offer that applies to any Capital One credit or debit card accepted at the Café, limited to one per person while supplies last ⁠1. Authorized users can be added to the account, but the pages checked do not state a fee for them ⁠1.

Account features

Zero fraud liability$0 fraud liability for unauthorized charges if the card is lost or stolen; claims are subject to investigation and verification.⁠1
Free credit scoreFree credit monitoring through CreditWise from Capital One (available to anyone, not only cardholders).⁠1
Credit line reviewsAutomatically considered for a higher credit line in as little as 6 months.⁠1

Other perks

50% off handcrafted beverages at Capital One CafésAny Capital One credit or debit card accepted at the Café; limit one per person (if applicable), while supplies last.⁠1

Other versions of this card

Capital One also offers the Capital One Platinum Secured Credit Card. It earns rewards on the same terms as the card above; these are the differences Capital One lists.

Capital One Platinum Secured Credit Card

Annual fee$0⁠4
Foreign transaction feeNone⁠3
What differsPlatinum Secured is for building or rebuilding credit: depending on creditworthiness the minimum refundable deposit is $49, $99 or $200 for an initial credit line of at least $200, and depositing more before activation can raise the starting line, up to $1,000 ⁠4⁠3. It has no annual fee, the account can be considered for a credit line increase in as little as six months, and with responsible use the cardholder could earn back the deposit and move to an unsecured Platinum card with the other terms unchanged ⁠4⁠3.
Refundable security deposit$49, $99 or $200 minimum refundable deposit based on creditworthiness for an initial credit line of at least $200; deposit more (up to $1,000) to raise the initial line.⁠3⁠4

Not listed for this card

The Capital One pages and benefit terms we checked for the Platinum do not list these benefits:

Some benefits come from the card network rather than the bank and are not always advertised. Your own Guide to Benefits, or the number on the back of the card, is the final word on what your account covers.

Sources

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