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Capital One® Platinum Prestige Credit Card Review

Curtis Arnold Curtis Arnold

Full Review

Curtis Arnold Editor-in-chief
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Capital One offers a variety of "platinum" cards, but the Capital One® Platinum Prestige Credit Card most closely resembles similar cards from competing lenders. With a strong introductory 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. This card currently offers a zero-percent intro APR on both purchases and balance transfers until June 2016. After that, a variable APR applies to balance transfers and purchases, currently 10.9-20.9 percent, based on creditworthiness. With a balance-transfer fee of just 3 percent on each transfer that posts to your account through your June 2016 billing cycle, Platinum Prestige offers a safe haven for debt that's about to start racking up finance charges with 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" seems to leave more wiggle room than its competitors. You may qualify for this card if you've never declared bankruptcy or defaulted on a loan, have not been more than 60 days late on any credit card, medical bill or loan in the last year, and you have had a loan or credit card for three years or more with a credit limit above $5,000.

How Platinum Prestige compares to other platinum credit cards

Capital One's platinum credit cards offer Platinum MasterCard Benefits that may save you money. Along with around-the-clock customer service and fraud coverage, 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 for a collision damage waiver at the counter, you can protect your rental car from loss and damage by using your Capital One Platinum Prestige Credit Card for your reservation.

Much like The Platinum Card® from American Express, with the Capital One's Platinum Prestige account you have access to an extended warranty program for items that are purchased with this card, but without AmEx’s $450 annual fee.

Capital One® Platinum Prestige Credit Card details

Purchase APR
10.9% - 20.9% (Variable) 
Purchase Intro
0% intro on purchases

until August 2016

Balance Transfer Intro APR
0% intro on balance transfers
Balance Transfer Intro Period
until August 2016
Annual Fee

What Capital One says about this card

  • Get 0% intro APR on all purchases until August 2016; 10.9%-20.9% variable APR after that
  • Balance transfers also have a 0% intro APR until August 2016, a 3% fee applies to each balance transferred
  • Pay no annual fee or foreign transaction fees
  • Fraud coverage if your card is lost or stolen
  • Enjoy extended warranty protection on eligible items purchased with your card
  • Easily manage your account 24/7 with online access, by phone or using our mobile app
  • Pick the monthly due date that works best for you
  • 100% free Capital One® Credit Tracker - see your monthly credit score anytime and get automatic alerts

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