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Capital One Classic Platinum Credit Card

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  • Get the credit you need, with MasterCard® benefits
  • Customize your card design with Image Card
  • Enjoy $0 Fraud Liability protection
  • Stay on top of your account with free text alerts*
  • Access your account 24/7

Rates & Terms

Purchase Intro APR Regular APR Annual Fee Balance Transfer Period
0% 19.8%* Variable $39 N/A
  • Purchase Intro Period: Until August 2013
  • Balance Transfer Intro Rate: N/A
  • Balance Transfer Rate: 19.8%* Variable
  • Cash Advance Rate: 24.9%
  • Late Fee: Up to $35
  • Cash advance Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater
  • Balance Transfer Fee: $0
  • Cash Advance Minimum: N/A
  • Balance Transfer Minimum: N/A
  • Credit Profile: Fair Credit Score

Capital One Classic Platinum Credit Card Review

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.