Its always a pleasure to share your experience with others.
Its always a pleasure to share your experience with others.
Member since:11.09.2007
Reviews:7
My experience with Capital One has been really good till now. I did not have a credit card and no credit score/rating in UK to assist me to fetch one. After being a secondary card holder for a while, I applied through my Bank for a Credit Card. But it was refused on the grounds that was NEVER revealed to me. Eventhough I tried to get in touch with the credit agencies to know the reason...but I was not convinced with their explanations. In the mean time I happened to search the net for Credit cards that would help people with absolutely no credit history to built one. There are three cards CAPITAL ONE, AQUA & VANQUIS that I came across . I applied with capitalone and auqa. The latter was rejected. But the first one was approved. After reading some of the reviews online..one of which said that a security deposit of £200 needs to be made before one recieves the card, I was quite skeptical about it. However a call to the customer services cleared it all assuring me that there is nothing called an upfront/security payment.
To start of with what you can expect is:- - A typical 34.9% APR -You get an initial £200 credit Limit -3% Balance transfer fee -2.75% currency conversion fee -Monthly repayment of 5% of the outstanding or £5, which ever is greater -They also have a default charge of £12 if the repayment is late or fails or if one exceeds the credit limit -Online account maintenance
There is no doubt the APR is very high, but if you manage to remain in ur credit limit and make the payments in full every month, you can avoid it. This is definitely a great card to built a good credit history.
How helpful would this review be to a person making a buying decision? Rating guidelines
Apr 10th, 2008
very helpful by (22%):
helpful by (78%):
