Contrary to the typical "platinum card" perception, the Capital One® Classic Platinum Credit Card is geared toward individuals with fair-to-poor credit history. However, for those with less than perfect credit, this card is a good option, especially if you are able to take advantage of a temporary 0% interest rate introductory offer. Like most cards that cater to damaged credit history, the Classic Platinum card comes with an annual fee of $39 and higher interest rates.
The primary difference between the Capital One Classic Platinum Credit Card and the Capital One Platinum Credit Card is the interest rate. The Classic Platinum has a 6 month period with 0% APR, and after that a 19.8% Variable APR - as opposed to the regular Platinum Card's lack of an introductory period. It also has a $20 higher annual fee, so the Classic Platinum might make sense if you plan on making a large purchase early on with your credit card and plan on using the card for more purchases throughout the year.