You can make a payment immediately after activating your Capital One Platinum card. The easiest way you can make a Capital One Platinum payment is online, or by calling the number on the back of your card. Alternatively, you can do it in person, or by mail.
Here’s how you can make a Capital One Platinum payment:
Online: Log in to your account on capitalone.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.”
By phone: If you decide to pay your Capital One Platinum by phone, call the number on the back of your card.
In person: And 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:
Attn: Payment Processing
PO Box 71083
Charlotte, NC 28272-1083
Write your account number on the check or money order. Capital One doesn’t accept cash by mail.
The Capital One Platinum minimum payment is either $25 or 1% of the balance, plus interest charges and fees, whichever is greater. If your balance is less than $25, the entire amount is your minimum payment. Capital One will also add any accumulated interest, past due amounts, and late payment fees to your minimum payment.… read full answer
Here’s how the Capital One Platinum minimum payment is calculated:
Balance below $25: The minimum payment is the full statement balance
Balance of $25 to $2,500: The minimum payment equals $25
Balance over $2,500: The minimum payment equals 1% of the balance, plus interest and fees
It is worth noting that you don’t have to pay your full balance by the due date, but you do have to pay at least the minimum required. Whatever you don’t pay will carry over into the next billing cycle, incurring interest on a daily basis. Capital One Platinum charges a regular APR of 28.49% (V).
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