What's the Capital One Platinum credit limit?

The Capital One Platinum credit limit is $300 or more, depending on your creditworthiness. So, you’re guaranteed at least a $300 spending limit if you’re approved for the card, and if your credit score and income exceed what Capital One is looking for, you could definitely start off with a higher limit.

Keep in mind that you aren’t stuck with your starting Capital One Platinum credit limit forever. Capital One may increase your limit if you make your first 6 payments on time. You can also request an increase yourself. Many users report their limits increasing over time.

Here are some Capital One Platinum credit limit details:

• You’re guaranteed a credit limit of at least $300 if you’re approved for Capital One Platinum.
• Capital One Platinum accepts applicants with limited. If you have good credit or a lot of income relative to your debt, you’ll likely start with a higher limit.
• Capital One may increase your credit limit after you make your first 6 monthly payments on time. After the first 6 months, they will review your account periodically to see if you deserve a higher limit. Pay more than the minimum each month, if possible, to boost your chances.
• You can request a credit limit increase yourself by calling customer service at (800) 227-4825. You can also log into your Capital One account. Just choose “Request Credit Line Increase” from the “Services” tab. You’ll have to provide information about your income and employment for Capital One to make their decision.

So, you’ll get $300+ from Capital One Platinum to start. If you use your card responsibly, you’ll provide yourself with opportunities to increase your limit. But it’s best not to ask for an increase before six months of on-time payments, as you’ll probably be denied. If you do request an increase, Capital One may generate a hard inquiry, or “hard pull,” of your credit report. This will cause a slight drop in your credit score. That’s pretty standard.

According to Capital One Platinum’s terms, you’re guaranteed a credit limit of at least $300. The Capital One Platinum card is designed for people who are new to the credit game. Limits for this type of card tend to be on the lower end, so $300-$500 for a new cardholder would be a fair estimate.

A small credit limit is better than no credit card at all when you’re trying to improve your credit. And that's this card's main purpose: building credit.

The typical credit limit for new cardholders starts at $300. Of course it all depends on your credit score, but you'll probably start out with no more than $500.

Hello I received my capital one Platinum card on 10/2020. My starting credit limit was only $300.00. It is now 04/2021 and I have never missed a payment. Only charged $100.00 at a time and paid my balance in full every month. I just received a email and Capital One Upped my limit to $800! This is amazing! I started with a score of 590 as well. Now my score is 640! Great card if you pay it off every month. I hope this helps. 

It will depend on your credit score.  I had a Chpt 7 that was discharged in Sept of 2020, my score has rebounded to near 700 and I have no debt.  I was approved for a $3K limit, I was surprised, but I actually did a lot of research before applying. This card consistently ranks as one of the best cards for rebuilding your credit or if you’re starting out. 

How much can I spend at one time?

Three hundred dollars is. The answer to the question