Capital One offers a variety of "platinum" cards, but the Capital One® Platinum Prestige Credit Card account most closely resembles similar cards from competing lenders. With a strong balance transfer offer and no annual fee, Platinum Prestige can help you re-balance your credit utilization if you're already carrying a rewards card.
Among the best low introductory rate credit cards
Capital One often markets the Platinum Prestige card as a complementary account to its rewards credit card holders. Capital One adjusts its offers based on application details, making this card's terms more fluid than its competitors.
However, many new Platinum Prestige cardholders qualify for a zero percent introductory period on both purchases and balance transfers until March 2015. With a balance transfer fee of just 3 percent, Platinum Prestige offers a safe haven for debt that's about to start racking up finance charges at a rival lender.
A credit card for good to excellent credit with some leeway
Capital One reserves its Platinum Prestige card for applicants with good to excellent credit, and this lender's definition of "excellent" often leaves more wiggle room than its competitors. Capital One uses a proprietary consumer database to make predictions about whether you can repay your balance and keep up with monthly payments. Even if you've got a ding or two in a credit history, you may still qualify for this card.
Ever since the credit crunch at the end of the previous decade, it's been hard for many consumers to qualify for the best balance transfer cards. Capital One's judicious risk management approach kept it in the game while other banks ran for the sidelines. Veteran credit card users sometimes complain that this card doesn't offer credit limits as high as its rivals. On the other hand, an extra balance transfer opportunity can help your family cut down on interest charges.
How Platinum Prestige compares to other platinum credit cards
Capital One's platinum credit cards offer MasterCard Platinum Benefits that may save you money. Along with around the clock customer service and fraud detection, you also have access to 24-hour roadside assistance and travel assistance services. Call a special, toll-free phone number to request a tow truck, a jump start, or even an emergency replacement card.
Frequent travelers will also appreciate access to travel accident insurance and auto rental insurance. Instead of paying up to $40 a day for a collision damage waiver at the counter, you can protect your rental car from loss and damage by using your Platinum Prestige card for your reservation.
Much like the The Platinum Card from American Express, with the Capital One Platinum Prestige Credit Card account you have access to an extended warranty program for purchases made with this card.
Highlights: Capital One® Platinum Prestige Credit Card
- 0% intro APR until March 2015 on balance transfers
- 0% intro APR until March 2015 on purchases
- No annual fee
- $0 Fraud Liability if your card is lost or stolen
- 24-hour travel assistance gives you a replacement card and cash advance
- 24-hour roadside assistance
- Pick an image for your card-choose the one shown here, any of the hundreds in our collection, or add your own
until March 2015
10.9% - 18.9% (V)