Does Capital One Platinum Secured have a 0% APR intro period for new purchases?

Capital One credit card interest rates range from 0% (for a limited time) to 26.99% (V), depending on the card and the cardholder’s creditworthiness. The best Capital One credit card for low interest rates is the Capital One Quicksilver Cash Rewards Credit Card because it offers 0% APR for 15 months on purchases and balance transfers, followed by a regular APR as low as 16.49% - 26.49% (V). This card also has a $0 annual fee.… read full answer

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. The Capital One Platinum Credit Card accepts applicants with limited, while Capital One Platinum Secured Credit Card accepts people with bad or bad 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.

2022 Capital One Credit Card Interest Rates:

• Capital One Quicksilver Cash Rewards Credit Card: 0% for 15 months on purchases and balance transfers; 16.49% - 26.49% (V) regular APR
• Capital One Venture Rewards Credit Card: 17.49% - 25.49% (V) regular APR
• Capital One SavorOne Cash Rewards Credit Card: 0% for 15 months on purchases and balance transfers; 16.49% - 26.49% (V) regular APR
• Capital One Savor Cash Rewards Credit Card: 16.24% - 24.24% (V) regular APR
• Capital One Platinum Credit Card: 26.99% (V) regular APR
• Capital One Platinum Secured Credit Card: 26.99% (V) regular APR
• Journey Student Rewards from Capital One: 26.99% (V) regular APR
• Capital One Spark Cash Select - $500 Cash Bonus: 14.74% - 20.74% (V) regular APR
• Capital One Spark Miles Select for Business: 0% for 9 months on purchases; 14.24% - 24.24% (V) regular APR
• Capital One® Spark® Cash for Business: 20.99% (V) regular APR
• Capital One Spark Miles for Business: 22.49% (V) regular APR
• Capital One Spark Classic for Business: 26.99% (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 15.49% - 27.24% (V) on the Cabela's Credit Card to a high of 27.24% (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.

Yes, you can convert the Capital One Platinum Secured to unsecured. Capital One will periodically review your account for possible graduation. If your account is eligible, you will be notified by email. You can maximize your chances of converting your Capital One Platinum Secured to unsecured by using your credit card responsibly.… read full answer

Here’s how to increase your chances of converting your Capital One Platinum Secured to unsecured:

• Make on-time payments. This is probably the most important part of the process. If you don’t pay your Capital One Platinum Secured bills by the due date, you won’t even be considered for graduation.
• Use your card responsibly. Maintaining low credit utilization will indicate to Capital One that you can handle an unsecured card. So, aim to use only 30% or less of your Capital One Platinum Secured’s limit.
• Improve your other finances. Adding to your income and paying down debt will improve your creditworthiness as a whole, making you a better candidate for an unsecured card.

When your Capital One Platinum Secured graduates to unsecured, your credit line no longer needs to be secured with collateral. So, when you graduate, the initial deposit you made to open the secured card will be refunded. And you’ll also keep the good credit history you’ve earned with your Capital One Platinum Secured.

The longest 0% APR credit card is the Wells Fargo Reflect℠ Card as it offers an introductory purchase APR of 0% for up to 21 months from account opening. That rate is coupled with a balance transfer intro APR of 0% for up to 21 months from account opening on qualifying balance transfers – subject to a balance transfer fee: 3% intro for 120 days, then up to 5% (min $5). Once the introductory periods are over, remaining balances are subject to a regular APR of 14.49% - 26.49% Variable. Given its $0 annual fee, the Wells Fargo Reflect card makes for a great option both for financing larger purchases and transferring pre-existing debt. There are several other options with long 0% intro APRs that are worth your consideration.… read full answer

Here are the longest 0% APR credit cards:

These cards benefit from $0 annual fees and require good credit or better (a credit score of 700+) for good odds of approval. None of these cards offer rewards, but they’re meant for financing rather than regular spending. You can always adopt the island approach and use a different rewards card for purchases you’ll pay in full each month. All of these cards also require good or excellent credit.

It’s important to note that some store cards may offer 0% interest for longer than 21 months, but they use deferred interest. That is, you earn interest on your balance during the 0% period but don’t have to pay that interest if and only if you bring your balance to $0 before the 0% period ends. The JCPenney Credit Card is one example, offering 18 - 48 months of deferred interest. But those cards are best avoided, because not paying your balance in full by the end of the intro period allows for a high APR to retroactively apply to your entire original purchase amount – as if the low intro rate never existed.