Advantages: On line application. Good web site. Disadvantages: No 0% of transfers
...withdrawals.
All rates are variable.
Capital One also does savings and travel insurance.
Statements are sent by post but you can check your account on line. It is advisable to pay any minimum payment by Direct Debit. Payments can also be paid on line if your bank has this facility.
Penalties. Late or failure to pay - £20. Overlimit-£20. Returned cheque-£20. Over limit charge-£20. Foreign currency charge-2.75%.
You can log on at www.capitolone.co.uk
...
nigelblue 17.09.2003
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Ciao members have rated this review on average: very helpful Review of Capital One Premier
Advantages: The only card that help one rebuilt credit Disadvantages: Very high APR
...many other members have mentioned, Capital One Premier is a good card for people who have no credit history and wish to get a credit card so that their credit performance can be properly recorded.
I will keep it brief here due to limited space and for ease of update reason. http://www.mycoupon.freeuk.com/creditscoring.htm
The sceneario in UK is very much different from the USA where there are many secured credit cards where one can deposit some ... ...those cards anymore. Therefore, Capital One is now the only credit issuer in UK who will issue a credit card to anyone regardless of credit history by setting the suitable APR.
The whole game about credit scoring is all about having some history being recorded in the credit reference agency file. And Capital One Bank is brilliant in this area as they diligently report your credit performance to the credit reference agency. So, if you maintain your ...
casper77 28.10.2001
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Ciao members have rated this review on average: very helpful Review of Capital One Premier
Advantages: it's a credit card which lets you get back on the 'staight and narrow' Disadvantages: expensive, high interest rates, big fees
...less than financially astute!
CAPITAL ONE basically aim at the lower end of the market - for people who can't get a credit card anywhere else. They also offer a ‘Platinum’ card, but in all honesty, If you are of the kind of financial standing and awareness to warrant a ‘Platinum’ card, then you will be looking at places other than Capital one to provide your facilities.
These are the kind of cards that you get after persistent ‘junk’ mailings. ... ...on the ‘credit ladder’.
Capital One offer two cards - the Platinum which I mentioned briefly above and the Premier. It is the Premier that is designed for the less financially responsible of us/you. You are guaranteed a credit limit of between £200 and £1000 - not much, but enough to get you started and enable the user to show that he or she is now responsible enough for a credit card.
They make it very easy for you to apply. The application form ...
flashpointz 30.01.2002
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Ciao members have rated this review on average: very helpful Review of Capital One Premier
Advantages: Still thinking... Disadvantages: General incompetance of staff and poor product
...This statement sums up Capital One better than any other I can think of. I have always paid my credit cards on time due to the charges that you incur if you miss a payment. I have found Capital One to be extremely unaccommodating to any requests or problems I have and therefore set up a payment through my bank to make sure that Capital One always got the bare minimum that they required. However, according to a Capital One customer services representative, ... ...another £18 was charged. Capital One charge their customers £18 fortnightly when they are over their limit, unfortunately I did not realise what had happened for fifteen days, so, yes, another £18 was added. After discussing this situation with a customer accounts manager, I was told that it was ‘unfortunate that things were a bit slower’ over Christmas, but that there was nothing he could do, despite the fact that I had allowed more ...
LexiJo 18.03.2002
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Ciao members have rated this review on average: very helpful Review of Capital One Premier
Advantages: improves your credit rating Disadvantages: high costs
...That is until I discovered Capital One, this company specialises in supplying credit cards to those of us who have never had credit or for people with poor credit history's. I applied and was duly accepted for their card, although it comes at a price. The yearly fee is £18 and the Apr is much higher than normal credit card companies, but I suppose this is how they offset their losses when they take on dodgy customers who don't pay their bills.
The ... ...from this company and they really are a lifeline for people like me who find that after 36 years they need to start using a credit card but have no credit history through no fault of their own.
Capital one can be contacted on their web site at http://www.capitalone.co.uk. ...
veramck 13.01.2002
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Ciao members have rated this review on average: very helpful Review of Capital One Premier
Advantages: it's a credit card primarily for those people that can't get one elsewhere Disadvantages: £18 annual fee and 29.9% interest rate
...come through the post from Capital One, for both of my sons who had rather shot themselves in the foot with injudicious use (to put it mildly) of their first credit cards. Fine so they were both 18, had a bit of money to spend, but they both looked upon the credit limits given to them by their Miidland Bank mastercard as a 'bonus'. They forgot that once they'd used it - they had to pay it back.
One of them has since had a loan turned down by his ... ...there it has stayed.
Capital One offer two cards - the Platinum (which is not the one we are discussing here) and the Premier. It is the Premier that is designed for the less financially responsible of us/you. Yhey guratantee you a credit limit of between £200 and £1000 - not a lot, but enough I suppose that the user can show that he or she is now responsible enough. They charge an annual fee of £10 for providing the card - the price that you pay ...
nipples 13.03.2001
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Ciao members have rated this review on average: very helpful Review of Capital One Premier
Advantages: looks at applictions individually, internet options, variety of cards Disadvantages: Can start with high APR
...paying instalments on time.
Capital One joined the UK credit card market in 1996 and at the time was one of the top ten bank card issuers in the USA. At present they have over 48 million customers worldwide. When the joined the UK market they advertised a lot as being a card which specialised in people with no or poor credit rating but have recently diversified out to a much larger range of customers.
I had never had a credit card before and saw ... ...statements. I’ve used my Capital one card for about 2 years now and would recommend it to anyone. They offer a type of card for everyone with no fee cards, reward cards, poor credit history cards and specific interest cards. If you visit their web site they will take you through a card chooser.
I used this card for around 2 years before I applied for another card. By this time I had regular payments showing on my credit file and qualified ...
helen201274 30.04.2003 (07.10.2003)
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Ciao members have rated this review on average: very helpful Review of Capital One Premier
Advantages: Useful for learning money discipline Disadvantages: Please see text
Background
In today’s world where 90 percent of your buying power is linked to your credit history if you don’t have some sort of credit card your spending power is extremely limited. As a result I chose to apply for this card after American Express turned me down. To my pleasure I was promptly accepted and given a credit limit £500. This I thought was amanageable amount for a first credit card.
About ten months after the issue of the ... ...the full balance off. When the bill came in I was shocked to find the amount of interest was almost thirty per cent of the actual payment to be made. As a result it took nearly six months to clear the balance. As a result I terminated the account and am now quite happy with my Royal Bank of Scotland Advanta card.
Appalling expensive for those who cannot make the full payment even for one month but if managed correctly this card can really help improve ...
Guzman 04.05.2001
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Ciao members have rated this review on average: very helpful Review of Capital One Premier
Advantages: Credit card for those with previous problems Disadvantages: Extortionate APR
Firstly, Capital One are not perfect. The interest rate is exceptionally high (APR is 29.9%), they are quick to jump on late payers with enormous charges, and the credit limit, to start with, might as well be a few quid cadged from your Dad rather than a serious amount of credit with which to juggle your cashflow.
However, after being made redundant six years ago, I ran into severe debt problems because I had chosen not to take out payment protection ... ...I applied for a Capital One card, and after six months of keeping my nose clean, they upgraded me to the Premier Card.
Then the nightmare - the new card went missing at some point between the courier company and my house. They insisted they had delivered it, and got a signature, but on the day in question, not only had I been working at home, but my partner was sitting in front of the TV with flu. Nobody had even telephoned, let alone rung the doorbell.
...
Zoe_South 23.05.2002 (24.05.2002)
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Ciao members have rated this review on average: very helpful Review of Capital One Premier
Advantages: Builds up Credit, No Annual Fee Disadvantages: Not very appealing card
...mobile phone. At 6 months, capital one increased my credit limit to £900! Just over 2 years now and I have managed to obtain several more cards and have a decent credit rating. You would get a paper statement every month if you have transactions on the card or you could check your balances online. The general enquiries line is good as the staff seem to knowwhat they are talking about and although it is an automated service, you don't have to wait ... ...If you are looking to transfer balances or you need a credit card but can't pay off balances in full, this is not the card for you! The balance transfer rate currently is at 16.8% APR variable. For normal purchases, this currently stands at 0% for 6 months and then 16.85% per annum interest rate variable giving us a 13.9% APR variable. You can apply for a free addition card for a family member or partner but you must make them aware that should they ...
Cici_Ying 20.05.2003
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Ciao members have rated this review on average: very helpful Review of Capital One Premier
Advantages: Not many hidden charges, very responsible company Disadvantages: Higher interest rates
...of rebuilding your credit.
Capital One is an establishment that is setup to help those with poor credit (whether it is their own fault or not) re-establish good credit. This does come at a cost to the consumer. In order to cover themselves against further offenders who seek to abuse their credit further (a minority) by getting another credit card, they charge a high interest rate.
Secondly, initially your credit limit is not high. Capital One are ... ...year.
The service
Capital One does provide people with the chance to rebuild their credit and is responsible enough to not allow people to get a huge credit limit initially. Through consistent paying and proper use of the credit card you will gain better credit. This will eventually allow you to get other credit cards.
Capital One offers a decent online service allowing you to check your statement online or even make payments online. Their website ...
Simoncook1 20.03.2001
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Ciao members have rated this review on average: very helpful Review of Capital One Premier
Advantages: Can build a good credit rating Disadvantages: If upgrading from a classic card you get no additional benefits
...I received a mailshot from Capital One offering me a Classic Visa card for people with a poor credit rating.
Unlike many other cards on the market at the time, Capital One were prepared to give people a second chance and build up a good credit rating, something that so many other banks have neglected to do.
I applied for a card and was accepted with a £400.00 credit limit to begin with. Although this if fairly low I was pleased that someone was ... ...full balance.
I telephoned Capital One and advised that the APR on my account was no longer competitive and asked them to reduce this to keep my custom. Capital One reduced my interest rate to 17.9%APR which is in line with the leading card issuer Barclaycard and they waivered the annual fee for the card. I now feel that I am a worthy citizen again and proved to everyone that I am not a credit risk and can be trusted.
Many Thanks Capital One and ...
TOMES 11.09.2002
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Ciao members have rated this review on average: very helpful Review of Capital One Premier
Advantages: Good for rebuilding your credit rating Disadvantages: High charges and interest rate
...all this bad press about Capital One, but it provides a very good service.
If you apply for the Capital One card it should be for only one reason, and that is to rebuild your credit.
Capital One is probably the only major bank that actively encourages people with bad credit to apply. They offer you a low credit limit, and charge you high interest. They provide a good service, and they charge high for it, but so do a lot of companies.
To start ... ...you wish to stay with capital one, they may offer you a different card with a lower rate of interest.
I have found that Capital One have been a great help to me, they have managed to help rebuild my credit level to one where I have been able to get a loan for home improvements and a credit card from a major high street bank.
If I used traditional ways of gaining a good credit rating (opening bank accounts, mail order catalogues) then it would have ...
felix.ferrero 28.03.2001 (29.03.2001)
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Ciao members have rated this review on average: very helpful Review of Capital One Premier
Advantages: They will give you a credit card if no one else will! Disadvantages: Bad Customer service/Very high APR
The Capital One Credit Card is the only company that I could find who would give me one! A few of us in our younger days did a little bit of damage to out credit, Capital one has offered me a £200 credit limit, I have to pay £1.66 each month just to have the card and the APR is 29.7%! So unless you are sure you can be responsible with a credit card, i would leave it well alone orr you could get in to a terrible circle with it.
I have had the card ... ...had to pay my bill. Capital One charged me £18, which after hours of phone calls refunded it. How can you pay your first bill with out recieving a statement!!?
I will update this statement in a few months when I see if the service has improved. ...
nagorski 01.09.2001
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Ciao members have rated this review on average: very helpful Review of Capital One Premier
Advantages: Not a lot Disadvantages: Not straight with you
...I received a mailshot from Capital one I thought it may be useful to use the balance transfer facility and so I applied.
When I then received a letter asking for confirmation of address I sent it back the same day and waited…and waited…and waited!
About a fortnight later I received a letter stating that I was not eligible for their “Platinum card” (I did not ask for it in the first place) but that I had been accepted for their “Normal” MasterCard ... ...surprisingly £100) and sure enough, Capital One had completed the transfer, some five days AFTER I had asked then to cancel it. Needless to say, a long time later and the transfer was reversed (Interestingly, Barclaycard returned the transfer on 2nd September but it did not show on the Capital One card for a fortnight) but not before interest charges had accrued!
Give them their due they did refund the charges and give me £10 as a “Good Will Gesture” ...
Smith.hall 04.10.2002
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Ciao members have rated this review on average: very helpful Review of Capital One Premier
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