26.99%.
Compare to Other Cards
| Capital One Platinum Credit Card | Discover it® Secured Credit Card |
|---|---|
| Apply now | Apply now |
| Annual fee $0 | Annual fee $0 |
| Regular APR 26.99% Variable APR | Regular APR 24.49% Variable APR Rates & fees |
| Intro APR N/A | Intro APR 10.99% intro APR on Balance Transfers for 6 months |
In this post
What is the APR on a Capital One card?
34.9% APR
Eligibility check
Capital One Classic credit card 34.9% APR representative variable.
Does Capital One have a high APR?
The Capital One credit cards with the highest interest rates are the Capital One Platinum Secured Credit Card (26.99% (V)) and the Capital One Platinum Credit Card (26.99% (V)). They’re also the easiest to get.
What is the intro APR for Capital One?
Explore low intro APR credit cards that could help you save money.
| Quicksilver Rewards | VentureOne Rewards |
|---|---|
| EXCELLENT | EXCELLENT |
| Purchase Rate | |
| 0% intro APR for 15 months; 16.49% – 26.49% variable APR after that | 0% intro APR for 15 months; 16.49% – 26.49% variable APR after that |
| Transfer Info |
Where do I find my Capital One APR?
How to Find Your APR. Your current APR can be found on your monthly credit card statement. If you’re a Capital One customer, you can find your current APR—and determine whether it’s based on the prime rate—by looking at the “Interest Charge Calculation” section of your mailed or online statement.
Is Capital 1 a good credit card?
The Capital One Platinum Credit Card is a solid option for those with average credit. It has an annual fee of $0 and also charges no foreign transaction fees. But for many, its standout feature may be that it also offers the chance to earn a higher credit limit after making on-time payments in as little as six months.
What’s the max credit limit for Capital One?
Almost all cardholders have credit limits between $1,000 and $10,000, with over a third at $3,000 or less. The Capital One QuicksilverOne Cash Rewards Credit Card is aimed at consumers with fair credit or worse. Top credit limits probably range from $2,000 to $5,000.
Does APR matter if you pay on time?
But does APR matter if you pay on time? If you make timely payments in full, there’s no need to worry about your APR. But if you don’t pay your balance in full, your APR matters. Many credit cards have APRs between 20% and 30%, which means it could cost you much more in the end.
What APR is too high for a car?
A high APR (“annual percentage rate”) car loan is one that charges higher-than-average interest rates. The legal limit for car loans is around 16% APR, but you will find lenders that get away with charging rates of 25% or more.
Can I request a lower APR?
Most cards have a variable interest rate, meaning it can fluctuate based on several factors, including your card issuer’s discretion. You can negotiate a lower interest rate on your credit card by calling your credit card issuer—particularly the issuer of the account you’ve had the longest—and requesting a reduction.
What is a good APR?
A good APR for a credit card is 14% and below. That is better than the average credit card APR and on par with the rates charged by credit cards for people with excellent credit, which tend to have the lowest regular APRs. On the other hand, a great APR for a credit card is 0%.
What happens to the APR after 10 months?
What happens to the APR after 10 months? It increases to a variable rate of 10.99%, 15.99%, or 17.99%.
What does 0% APR for 15 months mean?
What does 0% APR mean? A 0% APR on a credit card means that you won’t be responsible for paying your card’s ongoing interest rate for a certain period of time, typically 15 to 18 months. Depending on the card, the promotional APR will apply to purchases, balance transfers, or both.
What is a normal APR for a credit card?
As of November 2021, the average APR charged for credit card accounts that incurred interest was 16.44%, according to the Federal Reserve. For all accounts, the average was 14.51%. If your APR is below the average, you can probably consider it good.
Why is my credit card APR so high?
“The average APR is being driven up by more subprime cardholders carrying a balance while more prime cardholders pay off their balances,” he said. “You have more people with higher APRs carrying balances and fewer people with lower APRs doing so, sending the overall average higher.”
How much does Capital One increase your credit limit after 5 months?
Automatic credit limit increase to $500 after making your first 5 monthly payments on time is for card holders that are on the capital one credit steps program.
How often do you get credit increase with Capital One?
once every six months
Capital One lets you request a credit limit increase online as often as you want, but you can only be approved once every six months. If you’ve received a credit limit increase or a credit limit decrease in the last six months, you won’t be approved for a credit limit increase.
What credit score do you need for Capital One Platinum?
A: The Capital One Platinum Credit Card is deshigned for fair credit, so you may need a FICO credit score of at least 580 to qualify. But it’s possible you’ll be approved with a lower score.
What is the credit limit on a Capital One Platinum card?
The Capital One Platinum maximum 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.
Does Capital One run your credit for an increase?
No, Capital One does not do a hard pull for credit limit increases. They will conduct a soft pull on your credit report, which does not hurt your score. So, you can make a request anytime you want, but it is good to wait a few months after your account opening.
Can I overpay my credit card to increase limit?
Overpaying will not increase your credit score more than paying in full. Negative balances show up on a credit report as $0 balances. Having a balance of zero is good for your credit score, but you won’t get an extra boost by overpaying. Overpaying will not raise your credit limit.