The present invention is drawn to a composition and method for lifting color and/or imparting shine onto keratinous substrates, the composition containing: (a) at least one polyamine compound (b) at least one nonionic surfactant (c) at least one phosphate ester chosen from alkoxylated alkyl phosphate esters and alkyl phosphate esters and (d) at least one oxidizing agent. The compositions of the present invention may optionally contain at least one thickening agent, at least one alkaline agent, at least one fatty substance other than a fatty acid, and at least one salt.