The Capital One Platinum APR is 26.96% (V). This is the rate that determines the amount of interest charged to your Platinum card account when you carry a balance from billing period to billing period. You can avoid interest charges completely if you pay the entire balance by the due date. The Platinum card has a grace period – a span of 25 days from the end of a billing period to the due date, in which you can pay off the full balance interest-free.
Capital One Platinum also comes with a cash advance APR, which is the same as the regular APR (though cash advances have no grace period). There is no introductory APR for purchases or balance transfers, nor is there a penalty APR for delinquent payments. But keep in mind that if you pay late or miss a payment, you’ll lose the grace period. You’ll have to pay the bill in full for two straight billing cycles in order to have the grace period restored.
Capital One credit card interest rates range from 0% (for a limited time) to 24.99% (V), depending on the card and the cardholder’s creditworthiness. The best Capital One credit card for low interest rates is Capital One Quicksilver because it offers 0% for 15 months followed by a regular APR as low as … read full answer16.24% - 26.24% (V). The Quicksilver card also has a $0 annual fee.
The Capital One credit cards with the highest interest rates are the Capital One Secured Mastercard (26.99% (V)) and the Capital One Platinum Card (26.96% (V)). They’re also the easiest to get. Capital One Platinum accepts applicants with limited or no credit, while Capital One Secured accepts people with bad, limited or no credit.
Most Capital One credit card interest rates are listed as a range, such as 14.74% - 24.74% (V). The better an applicant’s credit is, the better their chances will be of getting a rate at the low end of the range. All Capital One credit card interest rates are variable, meaning they can go up or down as the market changes.
2019Capital One Credit Card Interest Rates:
Capital One VentureOne: Not Offered on purchases; 11.4% - 18% (V) regular APR
Capital One Quicksilver: 0% for 15 months on purchases; 0% for 15 months on balance transfers; 16.24% - 26.24% (V) regular APR
Capital One Venture: 17.99% - 25.24% (V) regular APR
Capital One SavorOne: 0% for 15 months on purchases; 0% for 15 months on balance transfers; 16.24% - 26.24% (V) regular APR
Capital One Savor: 16.74% - 25.74% (V) regular APR
Capital One Platinum: 26.96% (V) regular APR
Capital One Secured Mastercard: 26.99% (V) regular APR
Journey Student Rewards from Capital One: 26.96% (V) regular APR
Capital One Spark Cash Select for Business: 0% for 9 months on purchases; 15.24% - 23.24% (V) regular APR
Capital One Spark Miles Select for Business: 0% for 9 months on purchases; 15.24% - 23.24% (V) regular APR
Capital One Spark Cash for Business: 19.24% (V) regular APR
Capital One Spark Miles for Business: 19.24% (V) regular APR
Capital One Spark Classic for Business: 25.24% (V) regular APR
Capital One also has a number of store branded credit cards, which can only be used at specific retailers. The interest rates for these Capital One store cards range from a low of 17.49% - 26.49% (V) on the Cabela’s Credit Card to a high of 29.24% (V) on the Maurices Credit Card.
Your Capital One credit card interest rate will be clearly indicated on your monthly statement. Keep in mind that there’s also a separate interest rate for cash advances. And there’s a penalty rate for missing payments. Expect both of these rates to be equal to or higher than the regular interest rate.
You can take out a Capital One Platinum cash advance at an ATM as long as you have a cash advance PIN. You can request a cash advance PIN for your Capital One Platinum card through your online account or by calling customer service at 1 (800) 227-4825. To get a Capital One Platinum cash advance PIN online, log into capitalone.com and click “I Want To…,” then “Get a Cash Advance PIN” (under the header “Control Your Card”). You’ll be able to get a PIN instantly delivered to your email or over text.… read full answer
Once you have the cash advance PIN, you can withdraw cash at an ATM the same way you’d do with a debit card. You can use non-Capital One ATMs, but you’ll be subject to additional fees (typically $3-$5). That would make cash advances even more expensive than they will be already. Capital One Platinum has a cash advance fee of $10 or 3%, whichever is greater. The withdrawal will also be subject to a high APR. The Capital One Platinum cash advance APR is 26.99%.
Another way you may be able to take out a cash advance is by using Capital One credit card checks, which Capital One sends to some cardholders based on creditworthiness. There are checks for purchases, balance transfers, and cash advances. Essentially, they work the same way any check would and allow you to pay at places that may not accept credit. However, if you do use a cash advance check, standard cash advance fees and rates apply. If you weren’t sent credit card checks, you can call Capital One customer service at 1-800-227-4825 and request them, but it’s not guaranteed your request will be granted.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.