Whether it’s your first credit card application or you’re trying to rebuild your credit, applying for a credit card can be a big decision. The first step is finding a card that meets your needs and comes with helpful benefits.
Thatâs where the Capital One Platinum Mastercard comes in. It can be a great starter card for people who are new to credit. Or a card to help those with established credit work on improving it. Learn more about the card and its benefits.
Getting a credit card can be a great way to build your credit score and access additional financial resources. However, it’s important to choose the right card for your needs and financial situation. If you’re looking for a starter card with a low annual fee and the potential for a high credit limit, the Capital One Platinum Mastercard could be a good option.
What is the Capital One Platinum Mastercard?
The Capital One Platinum Mastercard is a no-frills credit card designed for people with limited credit history or fair credit It has a $0 annual fee and offers a variety of benefits, including:
- No foreign transaction fees: This is a great benefit for travelers who frequently use their credit card abroad.
- Free credit score access: You can track your credit score for free through Capital One’s CreditWise program.
- Emergency card replacement: If your card is lost or stolen, Capital One will send you a replacement card within 24 hours.
- $0 fraud liability: You won’t be responsible for any unauthorized charges made on your card.
What is the Highest Credit Limit for Capital One Platinum Mastercard?
The highest credit limit for the Capital One Platinum Mastercard is $3,000. However, your unique creditworthiness will determine the actual credit limit you are approved for. Your credit limit may be impacted by a number of factors, such as your income, debt-to-income ratio, payment history, and credit score.
How to Increase Your Credit Limit on the Capital One Platinum Mastercard
If you’re approved for a lower credit limit than you’d like, there are a few things you can do to increase it:
- Make on-time payments: This is the most important factor in increasing your credit limit. Make sure to pay your credit card bill in full and on time each month.
- Keep your credit utilization low: Your credit utilization ratio is the amount of credit you’re using compared to your total available credit. Aim to keep your credit utilization below 30%.
- Request a credit limit increase: You can request a credit limit increase from Capital One online, through the mobile app, or by calling customer service.
- Become an authorized user on another credit card: If you become an authorized user on a credit card with a high credit limit, it can help to improve your credit score and increase your chances of getting a higher credit limit on your own card.
The Capital One Platinum Mastercard is a good option for people with limited credit history or fair credit who are looking for a no-frills credit card with a low annual fee and the potential for a high credit limit. By making on-time payments, keeping your credit utilization low, and requesting a credit limit increase, you can increase your chances of getting a higher credit limit on this card.
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March 28, 2024 |8 min read
Whether it’s your first credit card application or you’re trying to rebuild your credit, applying for a credit card can be a big decision. The first step is finding a card that meets your needs and comes with helpful benefits.
Thatâs where the Capital One Platinum Mastercard comes in. It can be a great starter card for people who are new to credit. Or a card to help those with established credit work on improving it. Learn more about the card and its benefits.
Key takeaways
- The Platinum Mastercard is for people with fair credit. When utilized sensibly—that is, by making timely payments on statements each month—credit can be established or restored.
- There is no annual fee for the Platinum Mastercard, and no security deposit is needed. View important rates and disclosures.
- In as little as six months, cardholders are automatically considered for an increase in their credit limit.
- Without affecting your credit, you can easily determine if you’re pre-approved for the Platinum Mastercard.
Eno, your Capital One assistant
Eno continuously monitors you and your finances, gets in touch with you if it notices something out of the ordinary, and can assist you in fixing it. That includes monitoring your transactions and notifying you when Eno finds unusual account activity like duplicate charges. 2.
Eno can also help protect your Platinum Mastercard account when youâre shopping online. To pay using a virtual card number instead of your real Platinum Mastercard number, just add Eno to your browser. 2,3.
Additionally, you can use virtual cards to make payments in Android apps that use Google Pay and when you shop online with Google Chrome. Your virtual cards can be automatically filled out at checkout with the help of the browser extension and Google Pay, saving you time and eliminating the need to have your physical card on hand. 3.
GET A $3,000 CREDIT LIMIT TODAY !!!! : CAPITAL ONE PLATINUM CARD
FAQ
What is the credit limit on a Platinum Mastercard?
What credit score do you need for Capital One Platinum?
What is the highest credit limit for credit one platinum card?
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Card
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Minimum Credit Line
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Reported Maximum Credit Line
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Credit One Bank® Platinum Visa®
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$300
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$1,400
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Credit One Bank® Platinum Visa® for Rebuilding Credit
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$300
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$1,500
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Credit One Bank American Express® Card
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$300
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$5,000
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Credit One Bank® Platinum X5 Visa®
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$500
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$3,000
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What is the hardest Capital One card to get?
What is the maximum capital one platinum credit limit?
What is the maximum Capital One Platinum credit limit I can get? The Capital One Platinum 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.
Should you get a capital one platinum credit card?
Given the reviews, it’s obvious most cardholders aren’t flocking to the Capital One Platinum Credit Card for the high credit limits. And with a variable APR starting over 20%, it’s certainly not a great idea to carry a balance on the card, regardless of your credit limit. So, why apply for a Capital One Platinum Credit Card at all?
How much money can you spend on a capital one Platinum Card?
So, you’re guaranteed at least a $300 spending limit if you’re approved for the card, and if your credit score and income exceed what Capital One is looking for, you could definitely start off with a higher limit. Keep in mind that you aren’t stuck with your starting Capital One Platinum credit limit forever.
Does the capital one Platinum card earn miles or points?
The Capital One Platinum card was designed to help build or rebuild credit. It does not earn miles or points. It also does not require an excellent credit score to be approved, like most reward-earning credit cards. Additionally, it does not charge an annual fee ( rates & fees ).