Capital One Credit Card

Capital One is one of the new America based financial companies to enter the UK credit cards market and has also been quite successful in procuring a significant share of the market.

The Capital One Classic card is being offered for people who have had problems getting a credit card in the past due to a bad credit history. The APR rates are not competitive enough as per the UK credit card market, which comes as a cost of your bad credit history, but this card has no annual fee making it an ideal product to help and reestablish your credit rating. You can apply for this card even if you have been turned down for a credit card in the past.

Details of the Capital One Credit Card

Introductory Balance Transfers	N/A
Monthly Rate	N/A%
Period	N/A
Introductory Purchases	N/A
Monthly Rate	N/A
Period	N/A
Standard APR	34.9%
Monthly Rate	2.53%
Cash Advance APR	31.1%
Cash Advance Fee	3% (Min £3)
Minimum Payment Required	5% (Min £5)
Annual Fee	None
Loyalty Points	None
Travel Accident Insurance	None
Free Purchase Protection	None
Foreign Usage Fee	2.75%

Other Capital One Classic Features and Benefits

• No Annual Fee for Capital One Credit Card
• Great choice of plastic designs
• Credit Limit between £200 and £2500
• Low monthly payments
• Instant Cash from any cash machine that displays the Visa sign

Capital One Classic Final Review summary The Capital One Classic card is “not-so-good” for the features and high rates that it has. However, it still gets a decent rating because of the best credit builder products in the UK market. Anyone with poor credit history will have great difficulty in getting a credit card. People can then end up in a spiral where they can never improve their credit rating by being responsible with finance. The Capital One Classic credit card gives people that chance, and as it charges no annual fee it is the best product of its type available.

Link to previous articles: GM Platinum Credit Card Egg Credit Card British Airways Credit Card BT Credit Card HSBC Credit Card Virgin Credit Card