Capital One Credit Card Review | www.capitalone.co.uk

Capital One Credit CardCapital One was established in the year 1988 and they have been trading in the UK since 1996. They have built up more than 40 million customers worldwide. Of this tally, there are 4 million local customers that have received their Classic card through www.capitalone.co.uk. This is their subprime offering and they also offer the Balance Plus that is targeted at prime audiences. It appears that they have discontinued some of their previous releases such as the Aspire range. Affinity partnerships have been taken on with Luma, Ocean Finance and Shop Direct’s Littlewoods and Very brands. This partner approach has also been approached by their main rival Vanquis Bank.

Vanquis issues the cards for Argos and Granite. Aqua is the 3rd competitor that has been growing quickly in recent years. Barclaycard could also be considered as a rival through their basic Initial product although they are targeting fair rather than poor scores. Getting to the Classic specs, this MasterCard has an interest rate of 34.9% APR. There are no balance/transfer incentives. To get accepted you’ll need some past borrowing history. Acceptance is possible with defaults or even CCJs. The chances of getting the green light is improved if you are electoral roll listed. Once approved, the funds granted will be set between £200 and £1500. There can be 2 increases each year.

With the Balance Plus borrowers must have an excellent score, be aged at least 21 and be earning £20,000+ per year. The rate is improved here at 19.9% and it comes with a low transfer rate (6.94%) and no transfer fee. Sums are £2000 to £12,000. The applications are taken through www.capitalone.co.uk. Whilst there is a login badge here, this serves as a redirection with the Capital One credit card login being served through www.capitaloneonline.co.uk. The various partner cards are all managed here. As well as making payments, transfers and checking your statement you can set up Direct Debits and email alerts. 24/7 customer support is headlined although existing application enquiries is cut to Monday to Friday (9am/5pm).

Capital One Classic @ 34.9% APR
Sent to You: In around 7 to 10 working days.

Capital One Classic Card