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Capital One Classic Credit Card
Capital One is among the latest entrants in the UK credit card market and yet one of the more successful ones. The rates of Capital One cannot be termed as competitive It has a standard APR of 29.9% and neither does it offer any attractive schemes like 0% introductory rates on balance transfers or purchases. But as it charges no annual fee, it’s perfect to maintain a good credit rating.
In addition, the card offers interest free payments each month if you have paid your full card balance on time. In case you are not able to pay your entire balance, you are charged 5% of your card balance.
During urgent cash necessities, you can make use of the cash advance facility which charges a withdrawal fee of 1.5% and a Cash Advance APR of 31.1%.
Among the other facilities offered by Capital One Classic credit card include safeguard against internet dupes, option to choose your card design and color, credits limits between £200 and £2500 and on the spot cash withdrawal from any machine that displays the MasterCard logo.
Ones having low credit find it extremely hard to acquire a credit card. But this card gives you a chance to obtain one even if you have been refused in the past.
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Gives me a chance to cock a snook at banks that refused me a card
Blaaah! American Express, Hilton and Lloyds. To you! I might say, something more; but I'm told the staff were only doing their jobs when they refused me a card six months back. This card is a much better deal than I could hope to get from those others. I clear all my debts on time which saves me a tidy sum on interest-free payments and rarely have a balance left to be paid. What's more, on those rare occasions (I know what you're thinking) when I need some cash this card allows me to do so with an affordable fee of 1.5%, wish it were less. Anyway, I'd recommend this card to my brother who is currently a guest of Her majesty for a few months.
User Rating : 8 /10  (
by :
Brent Marley on
Sat, 26 Nov 2005 08:00:45 GMT
)
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useful for those with poor credit rating
This is the perfect card for people with a poor credit rating. I was rejected a credit card twice earlier but eventually with Capital One I finally became a credit card holder. The interest rate is comparatively high but thankfully there’s an extended time limit for payback. Doesn’t have any extraordinary features but is a good card to increase your credit.
User Rating : 7 /10  (
by :
£dan£ on
Wed, 03 Aug 2005 10:27:04 GMT
)
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