We investigate the effects of squeeze air film and initial deflection on the resonance frequencies and modal damping of capacitive circular microplates. The equation of motion of a circular microplate, which are derived from the von kármán plate theory, coupled with the Reynolds equation are discretized using the Differential Quadrature Method (DQM). The eigenvalues and eigenvectors of the multiphysical problem are determined by perturbing the system of equations around a static solution. Therefore, the resonance frequencies, modal damping coefficients and mode shapes of the plate and the fluid can be determined. The advantage of using DQM is that the solution of the system can be obtained with only few grid points. The obtained numerical results are compared with the experimental data for the case of a capacitive circular microplates with an initial deflection. The increase of the static pressure leads to a shift in the resonance frequencies due to the increase in the stiffness of the plate. Also the initial deflection change the resonance frequencies due to the change in the effective gap distance. The developed model is an effective tool to predict the dynamic behavior of a microsystem under the effect of air film and with initial deflection.