There isn't a Capital One Platinum deposit. Capital One Platinum is unsecured. That means that it doesn't require a security deposit, or an annual fee or anything like that. I think you're thinking of Capital One Secured. That card accepts $2,500 at maximum. But the minimum deposit requirement is anywhere from $49, $99 or $200 depending on your creditworthiness.
The easiest way you can make a Capital One Platinum payment is either online or over the phone, by calling the number you see on the back of your card. Alternatively, you can make a payment in person, or by mail.
Online: Log in to your account on com or the Capital One mobile app, then go to the “Accounts Summary” page and click on the Capital One Platinum followed by “Pay Bill.” After that, enter the information for the bank account you’re using to pay your Capital One Platinum’s bill. The money should be taken out in less than 24 hours.
Be sure to submit the payment by the due date each month to avoid late fees. It’s also possible to set up auto pay online, where Capital One automatically withdraws a payment each month so you don’t have to remember to do it manually.
Over the phone: If you decide to pay your Capital One Platinum by phone, call the number you see on the back of your card and enter your card number to speak to a representative. Then, give them the same bank account info that you’d enter online.
In person: If you’d like to make a Capital One Platinum payment in person, there are several ways you can do so. You can go to a Capital One branch and pay there. Or, you can pay at Western Union or MoneyGram, but you’ll need to have your credit card number on hand to complete the transaction.
By mail: To pay by mail, send a check or money order to:
Capital One Attn: Payment Processing PO Box 71083 Charlotte, NC 28272-1083
Capital One Attn: Payment Processing 6125 Lakeview Rd Suite 800 Charlotte, NC 28269
Write your account number on the check or money order. Capital One doesn’t accept cash by mail.
Keep in mind that payments via regular mail take the longest time to post. So, in order to avoid being late, always send your payments at least 5-7 days before your due date.
You can request a Capital One Platinum Credit Card credit limit increase online, through the Capital One mobile app, or by calling customer service at the number on the back of your card. To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding debt, and update the income Capital One has on file. Capital One will be more likely to increase your credit limit if the revised income clearly shows that you can afford a higher limit.… read full answer
How To Get a Capital One Platinum Credit Limit Increase Online
Log in to your online account or the Capital One mobile app.
Choose the Capital One Platinum card from the list of account options (if you have more than one Capital One card).
Click “I Want To...,” and then “Request Credit Line Increase.”
Enter your total annual income, employment status, occupation, how much you will spend monthly on the card, your mortgage or rent payment amount, and your desired credit limit.
Confirm the information entered and click “Submit” to complete the request.
You should receive a decision in just a few seconds. If you’re approved for a Capital One Platinum credit limit increase, the new limit is effective immediately.
Impact of a Capital One Platinum Credit Limit Increase on Your Credit Score
When you request a Capital One Platinum credit limit increase, Capital One will conduct a soft pull of your credit report, which does not affect your credit score. However, some Capital One Platinum credit limit increase requests may involve a hard pull, which will cause a short-term dip in your credit score. Capital One cannot do a hard pull without your permission.
Alternatively, you could be eligible for a Capital One Platinum credit limit increase without even requesting one. The Capital One Platinum card may offer an automatic credit limit increase if Capital One’s regular review of your account shows a history of on-time payments and low debt. An automatic credit limit increase involves a soft pull, which does not affect your credit score.
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. This question was posted by WalletHub.
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.