Are you looking for a credit card that you can use to rebuild your credit rating? The Capital One Classic Credit Card is what you need to turn a bad credit score into a good one, by keeping up with payments each month.
This credit card also has a wealth of features that are designed for maximum customer experience. In addition, the credit limit can increase each year to help you with one-time grand payments.
Intrigued by the possibility of having this card? Read on to know more about it and how you could be eligible to apply for one today!
Benefits and Features of a Capital One Classic Credit Card
The Capital One Financial Corporation makes banking simple yet rewarding. By providing access to credit, they can help customers pay for day-to-day expenses and more. In this article, we’re going to dive deeper into the benefits that come with the Capital One Classic Credit Card.
One of the reasons to apply for this credit card is that it has an easy and hassle-free application. Capital One gives a chance to people with bad credit ratings and only has minimum requirements. No need to worry if you can get the card or not. Just make sure to provide all the necessary documents to get approved.
Another reason to get the Capital One Classic Credit Card is the ‘rebuild credit rating’ feature. Credit history will impact your credit rating; therefore, by using the card regularly and paying for the full amount each month, you can gradually improve your credit score. This credit card also has a longer interest-free period of 56 days (for purchases where the balance is paid on time and in full).
If you’re a frequent flyer and travel overseas for business or pleasure, you’ll be glad to know that this credit card is powered by Mastercard. Need extra credit for shopping? Simply use the Capital One Credit Card for hassle-free payment. Mastercard is accepted worldwide and cardholders have access to massive retail discounts at partner stores.
The benefits of this card are unique and numerous. To find out how you could be eligible to reap these benefits, read on.
Eligibility and How to Apply for a Capital One Classic Credit Card
Applying for this credit card is simple and easy. To qualify as a cardholder, you need to be at least 18 years old, a UK resident, and employed. Additional requirements include having a previous credit history in the UK and being on the electoral roll. The bank won’t consider your application if you have declared bankruptcy in the past 12 months.
So head to the Capital One website and click apply now to get started. The process is relatively easy and can be done quickly.
Since this is a credit card for those starting with poor credit, note that your credit limit assignment will start low, but the range of offerings is from £200 to £1,500. However, cardholders have two optional credit limit increase each year, only if payment history is good.
Capital One Classic Credit Card Fees & Charges
- Annual Fee – £0
- Variable APR – 34.9% representative (0% for first 56 days on purchases paid in full and on time)
- Variable Balance Transfer Rate – 34.9%
- Cash Advance Fee – 3.0% (minimum £3)
- Non-sterling Transaction Fee – 2.75%
- Foreign Cash Fee – 3.0% (minimum £3)
- Late Payment Fee – £12
Capital One’s Address & Contact Details
Address: Trent House, Station Street, Nottingham, NG2 3HX.
To get in touch with Capital One, call 03444 812 812 (or +44 115 993 8002 if you’re calling from outside the UK).
Overall, the Capital One Classic Credit Card is a valuable card for those who want to start anew and improve their credit health. By staying up to date with payments and settling balances in full, cardholders can earn a higher credit score and credit limit. To learn more about this card, you can visit the website of Capital One.
Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.