The Capital One credit card is for anyone with a low credit score who want to rebuild their credibility and work for a better financial future. It gives people the ability to earn back cash, giving back 1% on every purchase made.
Based on the creditworthiness, the APR can slightly vary, but it is usually on the higher end of the spectrum, which might set back a few people from considering it. Regardless, Capital One offers anyone the chance to build their score and get access to better cards in the future.
The Capital One credit card does not come with many expenses either, due to the no annual fee policy. Let’s find out more about the Capital One credit card!
Fees and Interest
The Annual Percentage Rate or APR for purchases and transfers is 26.99%, which can vary based on the applicant’s market rate and creditworthiness.
The same rate applies for the cash advances. The payment of interest should be made within 25 days after the closing of each billing cycle.
There are no annual fees and no transaction fees for money transfers. There is, however, a fee on the cash advance based on the amount in question, and the fee varies from $10 to 3%.
A penalty fee is also perceived for late payments that goes up to $39. This card does not have any return payment fees.
How to Apply
Applying for a credit card has never been easier than it is nowadays. We can do it all in the comfort of our homes without having to go to the bank. This is the case with the Capital One Credit Card as well.
You can apply to get a card by heading to the Capital One website, and there you can also check your eligibility.
After answering a few simple questions, the website will provide you with the information and tell you which card you are eligible for and which one they recommend based on the information you provided. This will help you make the best financial decision for you and your future.
The Capital One Credit Card is known to get approved to people with a bad credit history or with a lower credit score. This is the credit card that helps you to build a better financial situation.
The credit card is likely to start you off with a lower credit line. The good part is that you can build it up and grow your credit line, which helps you build up your credit faster, and it lowers your credit utilization ratio.
Bank Contact Details
The Capital One Bank has its main office in McLean, Virginia 1680 Capital One Drive VA 22102-3491, United States.
Anyone who is interested in opening up an account, already has one but needs help or clarifications, or is generally interested to know more about the bank and cannot find the information that they are looking for can also contact the bank.
The customer service phone number is 1-800-655-2265.
They can also be contacted via mail for deposits P.O Box One 150, St. Cloud, MN 56302-0150
For general correspondence P.O Box 180 St Cloud, MN 56302-0180
Features and Benefits
There are some main assets and benefits that attract people to sign up for the Capital One Credit Card.
One of them is the fact that they can get a credit card with having had a bad history with credit or have a low credit score.
However, that is not all. Capital One also offers its clients fraud coverage, unlimited access to CreditWise, an app that continually monitors their credit profile, and platinum MasterCard benefits.
Capital One is a great credit card for people who want to improve their overall quality of life, not just their financial life. The Capital One credit card offers multiple perks, and it has no annual fee.
It allows people to spend less on credit card fees and, in doing so, save money in the long term without worrying about their financial situation.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.