 TITLE: What Is a Platinum Credit Card? CONTENT: **Capital One Platinum Credit Card**: Despite having platinum in the name, this card is geared toward those who have fair credit. The card has no annual fee, though the APR is a steep 26.99% (Variable) on purchases and balance transfers. Depending on your credit, your credit limit may start low, but you may be considered for a higher limit in as little as six months. END