Capital one platinum credit card pre approval

The Capital One Platinum Credit Card is a solid option for those with average credit. It has an annual fee of $0 and also charges no foreign transaction fees. But for many, its standout feature may be that it also offers the chance to earn a higher credit limit after making on-time payments in as little as six months.

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Benefits of the Capital One Platinum Credit Card
Why you might want the Capital One Platinum Credit Card
Spend less on fees
Earn the chance to boost your credit limit
Get a report to all 3 major credit bureaus
Pick your monthly due date and payment method
Avoid a penalty APR for late payments
Why you might want a different card
A fixed monthly payment
Is the Capital One Platinum Credit Card right for you?
What credit score do you need for platinum Capital One?
Does Capital One run credit for pre
Is Capital One Platinum hard to get?
Can I get Capital One Platinum card with 630 credit score?

Credit limits tend to be lower for those with average credit, so access to a higher credit line could be beneficial for your credit score and wallet.

Benefits of the Capital One Platinum Credit Card

Annual fee:$0.

Rewards: None.

Interest rate: The ongoing APR is 28.49% Variable APR. That's pretty high, so try to pay your bill in full every month so you don't get charged interest.

Foreign transaction fees: None.

Other features:

No penalty APR for late payments, but a late fee applies.
Fraud coverage.
Unlimited access to CreditWise, an app that monitors your credit profile.
Reporting to all three credit bureaus.

Why you might want the Capital One Platinum Credit Card

Spend less on fees

You won’t earn any rewards on this card, but you will save money on fees. The Capital One Platinum Credit Card has a $0 annual fee, and you'll pay no foreign transaction fees on overseas purchases.

Earn the chance to boost your credit limit

Make payments on time and you could get your credit limit increased in as little as six months. A higher credit limit — if not used — could lower your credit utilization and have a positive impact on your credit scores.

Get a report to all 3 major credit bureaus

A card that reports payments to all three major credit bureaus — TransUnion, Experian and Equifax — can help you build credit. These companies record the information used to calculate your credit scores, which is a key step in establishing credit.

Pick your monthly due date and payment method

Capital One gives you the option of choosing the due date that works best for you. This way, you can set a date that coincides with the paycheck you prefer. You can also choose whether to pay by check, online or at a local branch.

Avoid a penalty APR for late payments

If you ever forget a payment, the Capital One Platinum Credit Card won’t raise your APR if you’re late. You’ll still have to pay a late fee of up to $40, but you’ll avoid additional charges.

Why you might want a different card

While you'll avoid certain fees with the Capital One Platinum Credit Card, you won't earn any rewards with it. Also, if you carry a balance on the card, it could get expensive: The ongoing APR is 28.49% Variable APR. And if you're looking for a card that earns rewards, other options may be a better match.

Rewards

The Capital One QuicksilverOne Cash Rewards Credit Card, for average credit, offers many of the same benefits as the Capital One Platinum Credit Card. This card earns an unlimited 1.5% cash back on every purchase, but it comes with a $39 annual fee. The cash back earned can offset this cost when you spend $2,600 or more annually with the card. If you don’t spend that much, the Capital One Platinum Credit Card is a better choice.

A fixed monthly payment

If you prefer to know what you’ll owe each month, the Upgrade Cash Rewards Visa® combines elements of credit cards and personal loans. When you use it as a credit card, balances are converted to installment loans. When you use it as a personal loan, funds are deposited into your bank account. Whichever option you use, you can pay back what you borrow in equal monthly installments at a fixed interest rate over a certain window of time. It’s friendly to those with average credit and it earns 1.5% cash back on all purchases. It has a $0 annual fee.

Is the Capital One Platinum Credit Card right for you?

The Capital One Platinum Credit Card could be ideal if you have average credit. The chance to earn a higher credit limit may offer the freedom to do more. The travel-friendly advantages and no foreign transaction fees can also add up to savings when you go out of town.

However, the card doesn't earn rewards, and its high APR could make it a deal-breaker if you maintain a balance. This card is better used as a tool to improve your credit so that someday you can qualify for a card with lower interest rates. See our list of best credit cards to find the best option for you.

What credit score do you need for platinum Capital One?

The recommended FICO® Score range for the Capital One Platinum Credit Card is 580 to 669, which is considered fair credit. On its website, Capital One describes this card as being for consumers who have defaulted on a loan in the last five years or who have a credit history of less than three years.

Does Capital One run credit for pre

Instead of a hard inquiry, pre-approval at Capital One uses what's known as a “soft inquiry.” A soft inquiry involves a simple review of your credit, which doesn't affect your credit score. And it isn't reported to lenders.

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 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.