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Nearly any credit card can help build credit, but some cards are better than others at helping you get started. After all, many of the best credit cards are geared toward individuals with excellent credit—a standard that’s difficult to achieve when you’re starting from scratch. If you’re hoping to improve your credit score but need a leg up, a card like the Capital One Platinum Credit Card can help. Read on to learn why this card is ideal for building credit, plus steps you can take to maximize its benefits. Credit-related benefits of the Capital One PlatinumThe Capital One Platinum is light on traditional cardholder benefits but heavy on credit-building prowess. Here are the main card features that can help you build credit: Get prequalified without an impact to your credit scoreThe Capital One Platinum Credit Card makes it possible to get prequalified online without a hard inquiry on your credit report, meaning it will gauge your approval odds without any impact to your credit score. Capital One Platinum automatic credit limit increaseCardholders can qualify for a Capital One Platinum credit limit increase in as little as six months. If you make monthly payments on time and keep debt at a minimum, you’ll likely be rewarded with more available credit on your account. Account alertsCapital One customers can set up account alerts that notify them when a purchase is made, a payment is due and more. These alerts can help you track your spending and make sure you never miss your payment’s due date. Free credit scoreThe Capital One CreditWise program can help you monitor and track your credit score progress over time. This program is entirely free to use and easy to sign up for. Additional card benefitsOther benefits of the Capital One Platinum Credit Card include no foreign transaction fees, emergency card replacement services and 24/7 customer service. Cardholders are also eligible for security alerts and a card lock feature that allows them to “freeze” their credit card if it’s lost, missing or stolen. With that being said, it’s worth noting where the Capital One Platinum falls short. This card doesn’t offer any rewards, including ongoing rewards for spending or a sign-up bonus. Credit score needed for the Capital One Platinum Credit CardThe Capital One Platinum Credit Card is available for individuals with “fair credit,” which typically means any FICO score in the 580 to 669 range. However, Capital One explains their approval odds further by saying this card is available to consumers who have defaulted on a loan in the past five years or have limited credit history. This card may also be available to students, people who are new to the United States or those who have only been authorized users on someone else’s credit card. How to improve your credit score with the Capital One PlatinumTo make the most of the Capital One Platinum Credit Card, you’ll want to prove your creditworthiness with responsible use of your card. The steps below can help you achieve the best results.
Capital One Platinum frequently asked questions (FAQ)How high does the Capital One Platinum increase your credit limit?Your credit limit can vary depending on your creditworthiness, income and other factors. Capital One does not list a maximum credit limit for the Capital One Platinum Credit Card. What is the highest credit limit offered with the Capital One Platinum?Capital One does not disclose a Capital One Platinum credit limit cap. However, some users have reported having credit limits of $10,000 or more. How can you request a credit line increase with Capital One?You can apply for a Capital One Platinum credit limit increase through your online account management page. This guide to Capital One credit limit increases explains the process. The bottom lineThe Capital One Platinum Credit Card was built for building credit. If you want to get started on a journey to better credit, you should take the time to see if you’re prequalified so you can decide whether to move forward. In the meantime, consider other credit-building cards as well, including credit cards for fair credit and bad credit. You can even consider other Capital One credit cards for fair credit, including the Capital One QuicksilverOne Cash Rewards Credit Card. With a few minutes of comparison shopping, you’re bound to find the right fit. Can I get Capital One Platinum card with 630 credit score?A: The Capital One Platinum Credit Card is deshigned for fair credit, so you may need a FICO credit score of at least 580 to qualify. But it's possible you'll be approved with a lower score.
Is Capital One Platinum hard to get?It depends on your credit. The Capital One Platinum Credit Card is available to people with fair or average credit, while the Capital One Quicksilver Cash Rewards Credit Card — the issuer's popular cash-back card — requires good credit or better (a FICO score of 690 or higher).
Can I get a Capital One credit card with a 600 credit score?Credit needed
Two other cards you may be eligible for with a credit score of 600 are the Capital One QuicksilverOne Cash Rewards Credit Card and the Capital One Platinum Credit Card.
What is the max credit limit for Capital One Platinum card?The Capital One Platinum maximum 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.
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