These days, it’s impossible to get the financial support you need when you have bad credit. Thankfully, the Capital One Classic Credit MasterCard provides individuals with the chance to overturn their bad credit.
The Capital One Classic Credit MasterCard allows individuals to build and rebuild their credit rating. Aside from this offering, this credit card also provides users with the chance to stay on top of their finances as well as a suite of other benefits.
Interested in applying for this card today? We’re here to let you know what it has in store and how you can apply. Take a look below.
Features and Benefits of the Capital One Credit MasterCard
If you have bad credit or have a credit rating that tends to err on the lower side, you can count on the Capital One Credit MasterCard to help turn things around.
With this in your arsenal, you can rebuild your credit rating as well as get credit limit increases over time.
Speaking of credit limit increases, you can avail of these offerings up to two times a year, provided you meet monthly payments on time and stay within your limits. In addition, a higher credit limit can provide relief to daily expenses.
Speaking of a credit limit, this particular credit card provides a minimum of £200 to a maximum of £1,200. Powered by MasterCard, this Capital One offering is assured to be accepted at POS terminals and ATMs around the globe.
Eligibility and Application
Applicants may easily apply online. However, the bank requires interested parties to course their application via the QuickCheck eligibility checker found on the website.
In just 60 seconds, you can get results as to whether or not you’ll be accepted for this particular card prior to proceeding.
The eligibility checker will require applicants to provide their name, date of birth, contact details, and employment information. It will also ask you for your current financial capacity. The eligibility check will have no effect on your credit rating.
The bank will mainly consider applicants who are over the age of 18, are on the electoral roll, and have had a history of managing a credit card in the past. Individuals who have had defaults and CCJs will also be considered by the bank.
Fees and Charges
To enjoy the aforementioned benefits, you must pay certain dues and fees to the bank. These include the 34.94% APR for purchases, cash withdrawals, and balance or money transfers.Â
There is also a cash fee and balance or money transfer handling fee of 3% each (subject to a minimum of £3).
A non-sterling transaction fee of 2.75% will also be imposed with this credit card, alongside a foreign cash fee of 3% (minimum of £3). Late payments and over-limit charges clock in at £12 each.
Conclusion
For those who are wanting to build their credit, look no further than the Capital One Classic Credit MasterCard. This is a great financial resource for those in need.
For more information, you can call the bank at 03444 812 812 or write them at their P.O. Box at Capital One Services, P.O. Box 5283, Nottingham, NG2 9HD.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
