In fact, cardholders have reported being approved with credit scores in the mid-500s and up - remarkable for a non-subprime product. So, why apply for a Capital One Platinum Credit Card at all? Three words: flexible credit requirements.Ĭontrary to many of the cards offered by the major banks, the Capital One Platinum Credit Card can be had by a variety of applicants. And with a variable APR starting over 20%, it’s certainly not a great idea to carry a balance on the card, regardless of your credit limit. Given the reviews, it’s obvious most cardholders aren’t flocking to the Capital One Platinum Credit Card for the high credit limits. Of course, your actual credit will come into play, as well if your credit risk hasn’t improved, the bank has little reason to give you more credit. Your card also won’t be eligible for a boost if it has received a credit limit increase (or decrease) in the last six months. Capital One is awesome!” - Credit Karma ReviewerĬapital One does impose a few rules on a card’s eligibility for credit limit increases, including requiring that the account is at least three months old. Now it’s in the 600s and still improving. Also, my score was in the 500s when they approved me. I’ve had this card a little over a year and my available cash increased from $300 to $750. “Great card, if you pay before your due date, then there’s no interest charge for your purchases, only what you’ve spent. A number of reviewers also report receiving regular, unsolicited credit limit increases over time as their credit improved. ![]() The Capital One Platinum Credit Card will automatically consider a credit limit increase after five months of on-time payments. ![]() Your initial credit limit isn’t set in stone, either.
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