All about the Capital One Platinum Mastercard®

Applying for a credit card can be a big decision. Often, the first step is finding a card that meets your needs. And if it comes with additional benefits, that can be even better.

The Capital One Platinum Mastercard® can be a great option if you’re working to establish or build your credit.

What you’ll learn:

• The Platinum Mastercard is for people with fair credit. If it’s used responsibly, by doing things like paying statements on time every month, you can build your credit scores.

• The Platinum Mastercard has no annual fee and doesn’t require a security deposit. View important rates and disclosures.

• Platinum Mastercard holders are automatically considered for a credit limit increase in as little as six months.

• The Platinum Mastercard can help you keep your money safe with features like security alerts and $0 fraud liability for unauthorized charges.

The Capital One “Platinum card” is shorthand for Platinum Mastercard. It’s designed for people with fair credit.

There’s no security deposit required to open an account. View important rates and disclosures. 

Plus, if you’re approved for the Platinum Mastercard, you’re automatically considered for a higher credit line in as little as six months.

Check out some of the benefits of the Platinum Mastercard.

Not every credit card issuer reports credit activity to the credit bureaus. But Capital One does. That means you can use your credit card to build credit—as long as you use it responsibly by doing things like paying your monthly statements on time.

Speed, simplicity, security and touch-free use are benefits of having a contactless credit card like the Platinum Mastercard. You can just tap, pay and go.

With the Platinum Mastercard, you don’t have to pay foreign transaction fees when you use your card outside the U.S. View important rates and disclosures.

Capital One offers these features to help you keep your money safe and accounted for.

Check your balance, view your transactions, get alerts, pay your bill and more—all through the Capital One Mobile app.

Eno looks out for you and your money around the clock. It can reach out if it spots something unusual on your account, like a duplicate charge. You can also ask Eno questions about your account online, in the mobile app or through text.

You can shop online more securely with virtual card numbers, which are randomly generated card numbers that are linked to your credit card account. When you shop with virtual card numbers, your actual card number isn’t shared with merchants.

Sometimes, keeping track of bill payment due dates can get a little complicated. But at Capital One you can customize automatic payments, choose your monthly payment date and more. 

The Platinum Mastercard can help protect your account and identity with security features like: 

• Fraud alerts: When you add your mobile phone number to your account, you’ll get notified if Capital One notices potentially suspicious activity.

• Card lock: Card lock can help if your card is ever lost or stolen. With just a few taps, you can easily lock your card from being used to make most new purchases. And unlocking it when the issue is resolved is just as easy.

• $0 fraud liability: If your card is lost or stolen, you won’t be responsible for unauthorized charges.

If you have fair credit, you may be eligible for the Platinum Mastercard. FICO® says a fair credit score is between 580 and 669. 

You can check to see if you’re pre-approved for the Platinum Mastercard or other cards. Pre-approval from Capital One is quick and won’t hurt your credit scores.

To see where your credit stands, you can also sign up for CreditWise from Capital One. It’s free to all—even if you don’t have a Capital One credit card. It has tools to help you understand your credit score, keep up with changes to your credit and monitor your personal information. And using CreditWise won’t affect your credit scores.

If you apply for the Platinum Mastercard online, you could get an almost immediate response to your application. 

You might also be able to apply in person at a Capital One Café, by phone or by mail.

Whichever way you apply, be prepared to share some personal information, including your full name, date of birth, Social Security number, physical address and estimated gross annual income.

Here are some common questions about the Platinum Mastercard.

The Platinum Mastercard is for people who are building their credit. There’s no annual fee and no security deposit required. View important rates and disclosures. Plus, cardholders are automatically considered for a credit limit increase in as little as six months.

If you’re new to credit or searching for your next credit card, Capital One can help.

• See if you’re pre-approved for credit cards without harming your credit scores. 

• If you’re looking to build your credit with responsible use, explore other cards for people with fair credit. 

• Earn unlimited 1.5% cash back on every purchase, every day, with a cash back rewards card. 

• Monitor your credit report and score with CreditWise. It’s free for everyone and using it won’t hurt your credit scores.