What credit score do you need for a Capital One Platinum card? (2024)

What credit score do you need for a Capital One Platinum card?

The credit score that you need for the Capital One Platinum Credit Card is at least 640, which is usually considered fair credit. The Capital One Platinum Credit Card is also available to people with limited credit history, which means you may be able to get approved even without a credit score.

What credit score do you need to get Capital One Platinum?

Key takeaways. The Capital One Platinum Credit Card is designed for those with a fair to good credit score of 580 or higher to improve their credit score — whether you're just starting out or looking to repair your credit.

What credit score do you need for credit one platinum?

The Credit One Bank® Platinum Visa® credit score requirement is 640 or better. That means people with fair credit or better have a shot at getting approved for the Credit One Platinum Card.

Is it hard to get approved for a Capital One Platinum card?

You'll have a good chance of being approved if you have a steady income, an SSN or taxpayer ID, and either no credit score or a score of 640+, among others. Keep in mind that even though it's not hard to get the Capital One Platinum Credit Card (see Rates & Fees), you're still not guaranteed to be approved.

What is the starting limit for Capital One Platinum credit card?

The Capital One Platinum credit limit can be as high as $3,000 according to online cardholder reports, but it will depend entirely on the specifics of each applicant's credit and their overall financial situation. Most cardholders get credit limits of at least $300, though.

What is the hardest Capital One card to get?

Capital One Venture X Rewards Credit Card

A rating of 5 is the best a card can receive. Why it's one of the hardest credit cards to get: The Capital One Venture X Rewards Credit Card is hard to get because it requires excellent credit for approval and charges an annual fee of $395. You get a lot in return, though.

Which is better Quicksilver or Platinum?

THE WINNER. Capital One Quicksilver is better than Capital One Platinum because it offers attractive rewards and a 0% introductory APR. Capital One Platinum doesn't offer low introductory rates or any kind of rewards – just the ability to build credit without paying an annual fee.

What is the credit limit for Credit One up to $2000?

Credit One Platinum's maximum credit limit is around $2,000, according to customer reviews. Some people report being approved for this amount right away, while others have worked up to it over years of responsible card use. The minimum credit limit for Credit One Platinum is just $300.

Are platinum credit cards hard to get?

To be eligible for the Amex Platinum Card^® you'll typically need a good to excellent credit score. This makes it one of the more difficult cards to be approved for.

What is the credit limit for Capital One Quicksilver?

What is the Capital One Quicksilver credit limit? The Capital One Quicksilver credit limit depends on your income, creditworthiness and payment history, which are evaluated once you apply for the card. According to anecdotal reports, the card's credit limit can be as low as $750 and as high as $10,000.

What is the highest credit limit on a Capital One Platinum secured card?

Capital One Platinum Secured Credit Card: Basics

Deposit requirement: Get a $200 credit line with an initial deposit of $49, $99 or $200, for those who qualify. You can deposit more money before your account opens to increase your credit limit up to a maximum of $1,000. Rewards: None.

What is the easiest credit card to get right now?

Does Capital One approve you instantly?

It can also help to know your credit scores and, with help from a pre-approval tool, apply for cards designed for your credit level. At Capital One, pre-approval can take 60 seconds or less. Combining this with an online application could get you a response in minutes.

How many credit cards are too many?

Owning more than two or three credit cards can become unmanageable for many people. However, your credit needs and financial situation are unique, so there's no hard and fast rule about how many credit cards are too many. The important thing is to make sure that you use your credit cards responsibly.

What is a good APR for a credit card?

An APR is considered to be a good rate when it is at or below the national average, which currently sits at 20.40%, according to the Fed. This means that a credit card offering a fixed rate lower than 20.40% or a variable rate with a maximum of 20.40% would be considered a good APR for the average borrower.

What's the easiest Capital One card to get approved for?

Capital One credit cards for fair credit include QuicksilverOne, Quicksilver Secured, and the Platinum Mastercard. Your credit score is only one of the many factors that determine your credit approval odds. The best way to know if you'll qualify is to get pre-approved. It's quick, easy and won't hurt your score.

Which Capital One card is easiest to get approved for?

The Capital One Platinum Secured Credit Card (see rates and fees) is easier to qualify for because it's a secured card, which means you'll need a security deposit to open the card.

What credit card do millionaires use?

What Credit Card Do the Super Rich Use? The super rich use a variety of different credit cards, many of which have strict requirements to obtain, such as invitation only or a high minimum net worth. Such cards include the American Express Centurion (Black Card) and the JP Morgan Chase Reserve.

Why upgrade from Capital One Platinum to Quicksilver?

The Quicksilver has rewards, a sign-up bonus and an intro annual percentage rate (APR) period on purchases and balance transfers, all for a $0 annual fee. The Platinum doesn't have any of those perks. Of course, the Quicksilver's rich benefits come at a price: your credit score.

Can I upgrade my Capital One Platinum to Quicksilver?

Yes, you can upgrade from Capital One Platinum (see Rates & Fees) to the Capital One Quicksilver Cash Rewards Credit Card (see Rates & Fees). You can do so either with an offer from Capital One through your online account or by calling the number you see on the back of your card.

Should I upgrade from Capital One Platinum to Quicksilver?

Earning Rewards

The Capital One Platinum does not offer rewards, but the Capital One Quicksilver provides cardholders the ability to earn 1.5% cash back on every purchase and 5% cash back on hotels and rental cars booked through Capital One Travel.

What is a realistic credit limit?

If you're just starting out, a good credit limit for your first card might be around $1,000. If you have built up a solid credit history, a steady income and a good credit score, your credit limit may increase to $5,000 or $10,000 or more — plenty of credit to ensure you can purchase big ticket items.

Is a $25,000 credit limit good?

Yes, $25,000 is a high credit card limit.

What is the perfect credit limit?

There's no magic amount of credit that a person “should” have. Take as much credit as you're offered, try to keep your credit usage below 30 percent of your available credit and pay off your balances regularly. With responsible use and better credit card habits, you can maintain a good credit score.

What annual income do you need for a platinum credit card?

What is the income required to avail of a Platinum Mastercard credit card? To apply for a Platinum Mastercard, the applicant must have a minimum gross annual income of at least PHP780,000.