Finance Choices
Capital One Premier Credit Card
Capital One are an American company making quite a splash in the British financial market with a range of fun TV adverts and innovative credit cards. The Capital One Platinum credit card is one of many credit cards that Capital One offer.
The Capital One Premier credit card offer is excellent for those who are seeking a new card. The Premier cards 0% purchases introductory offer allows you to fund those future purchases with risk free finances. Unfortunately the 0% introductory offer only last for six months, which is poor in relation to others like the Virgin Credit Card, which offers 9 months.
Once the 0% introductory offer ends on the Premier card you have long term low balance transfer offer of 6.9% that you could take advantage of. Whilst this is a reasonable offer there are better offers availalbe. View our credit card comparison guide for the latest offers from the major UK credit cards.
In addition to these you can get online fraud protection and identity theft assistance from Capital One to help keep your credit safe and sound.
Summary of Capital One Platinum credit card offers:
It is a reasonable offering from one of the UK's most well known credit card companies but there are better offers out there. We recommend you use our credit card comparison table to find a better deal. If you want to check it out anyway then you can visit Capital One here
Until next time,
BW
The Capital One Premier credit card offer is excellent for those who are seeking a new card. The Premier cards 0% purchases introductory offer allows you to fund those future purchases with risk free finances. Unfortunately the 0% introductory offer only last for six months, which is poor in relation to others like the Virgin Credit Card, which offers 9 months.
Once the 0% introductory offer ends on the Premier card you have long term low balance transfer offer of 6.9% that you could take advantage of. Whilst this is a reasonable offer there are better offers availalbe. View our credit card comparison guide for the latest offers from the major UK credit cards.
In addition to these you can get online fraud protection and identity theft assistance from Capital One to help keep your credit safe and sound.
Summary of Capital One Platinum credit card offers:
- 0% on purchases for 6 months
- 5.9% balance transfers for life of balance
- Typical 14.9% apr variable
- Online fraud guarantee
- Credit limit up to £4,000
- Decision in 60 seconds
- Mulitple card designs to choose from
It is a reasonable offering from one of the UK's most well known credit card companies but there are better offers out there. We recommend you use our credit card comparison table to find a better deal. If you want to check it out anyway then you can visit Capital One here
Until next time,
BW
posted by Bruce Wayne at 1:26 PM
Capital One Premier Credit Card
9 Comments:
For someone with a fairly low credit score Capital One was my obvious choice. It sounds good and to be honest starting with a £200 limit doesn't bother me. I use the card for day to day expenses and then pay the full balance on payday. So far so good.
What I didn't like was the long processing time. I applied on line and got told that they would contact me by post. Fine. 6 days later I got a letter asking me to provide 2 forms of id to finish my application. 8 days after that I got a another letter informing that I had been accepted and that my signature was needed so they could send me my new card. 10 days after that I got a letter informing me that "yes, you have been accepted and your card is waiting for you!" All I needed to do was to pay £200 as a security deposit and the card would be with me in 18 - 21 days after my payment was cleared by their system. In all it took 49 working days from application to delivery of the card.
I can just about understand the initial 24 days it takes before you send of your security deposit. But the 18 - 21 days after your payment has cleared? If anyone here knows the reason, please tell me. It didn't take that amount of time to set up an account and send a card out to my Capital One platinum card holding friend. So why the delay with the less desirable ones? I know that banks like to hang on to our cash whenever they can, but this... Ah, well.
As someone who has had adverse credit inthe past it has been difficult for me to obtain credit anywhere. Then along came Capital One!
They were willing to give me credit when all others seemed to refuse.
I applied online for a "credit building" card and altough my application was referred within a few days I received a letter asking for proof of address which I duly provided and with in 2 weeks was the proud owner of a credit card (with a nice Union Jack design) for the first time in six years.
The initial credit limit was only £200 and the interest is 24.9%, but I intended to use it like a debit card and pay the balance in full.
The online account access is great, you can check your balance and transactions and make payment whenever you like and do not have to wait for a statement.
They also offer great rates for people with good credit scores and no annual fees so it is a good bet for anyone.
The chance to choose your own design is also a great feature.
If you haven't already got one give it a try they will offer you the best card and rate to suit your circumstances.
Comparing credit cards is not an easy thing to do due to the vast variety available and the different features offered. The important factor is whether the service proves to be suitable for your purpose.
A few years ago I decided that I had use for a credit card, mainly because it would enable me to purchase products online. With internet purchases being my main concern, I naturally looked for one that was designed for the purpose. After checking out several offers on the internet I finally settled on Capital One.
One of the major attractions was the lack of an annual charge, which meant that paying my bill in full each month would provide me with a totally free service. I do not use the card for credit, only for convenience rather than carrying large sume of cash when buying large items.
I moved into a new home shortly after acquiring the card and ended up purchasing a vast array of new furniture such as bed, wardrobe, settee, fridge and washing machine. Having the card enabled me to shop around without first withdrawing money that I may not use for several days.
I keep a detailed check of the items purchased, but for anyone who loses track of the current balance it can be checked by telephone using an 0800 free call number. The system can be quite laborious as it involves entering your credit card number and date of birth via the telephone keypad, but at least the option exists and is accurate in real time.
As previously mentioned, credit cards are varied and their appropriate value depends on the needs of the individual, but I personally find Capital One to be very useful and have no intention of changing to another issuer.
the Capitol One card. There are four cards and depending on your credit history and your income there is one for you. There is the Platinum, Premier and Classic. There is one more and that is the Lifestyle card, this is for anything from cat lovers to football lovers and can be used by people with good credit history or ones that need to build theirs up.
I needed to transfer my balance from Bank of Scotland to a card that gave me some months of interest free. I applied to several and was being turned down, as I am not a high earner. One day an advert popped up on screen and it was for Capitol One. The web site was simple to understand and I decided to apply on line. It asked me if I wished to transfer any outstanding balances off and there was a section for me to put in all my amounts I wished to transfer. This I did thinking that they would issue card and then ask me to transfer. Wrong!
I waited for a couple of weeks and a letter arrived from them to say I had been accepted in principal and would inform me at a later date of there decision. True to word another letter arrived and informed me that I was now the owner of a Premium card with a credit limit of £2300. I opened the web site as instructed and checked my account details. I was most surprised to see that they had already transferred my balance from my other card. Great I thought, this saves me work.
I am a silly soul sometimes and do not always read the agreement details but something made me take a good look. Now was I surprised to see that they were not giving me 3 months interest free but were going to charge me 16.9% APR or 1.31% monthly? I found out that you only get that sort of deal with a Platinum card. I am a bit miffed by now and realise that I will be paying more in interest than my old card.
Yes I would be getting 0% on purchases for 3 months and then paying 13.9% APR on purchases but unless I could get rid of my starting balance I would be financially worse off.
Fortunately I had an ISA so I cashed it in and paid off the card. I noticed recently that they are now advertising a rate of 6.9% for the duration of the advance, which seems a reasonable deal. My entire fault I suppose for not reading things properly.
All in all not a bad credit card company as they seem to keep up with change but unlike me check before you sign
why can i only cancel my capital one credit card and pay off the balance by telephone if i am over my limit or in arrears with payments. is it just them squeezing out the extra pennies worth of interest whilst my card is still active while the payment take five days to recieve. surely a credit agreement can be canceled at any time by me just as they can cancel it at any time and reuquest immediate and full repayment. any help would be appreciated. and by the way i dont want to spend the extra money just to try and take the card over its limit.
Received offer from Capital One today for 0% BT until September 2007 conditional on spending £100 on card before July 06. If choosing not to spend £100 on card by then the 0% deal ends Sep 06. Either way a handling fee of 2% of your BT amount will be "applied" to the account, no annual fee.
Can't see anywhere that the BT(s) have to be made at the time of taking out the card so it might be possible to get the card, spend £100 on it, pay it off in full and then BT later. I'd prefer to find a 0% card without a fee nearer the time I need it, but they're getting scarce.
The credit limit is stated to be up to £25k if transferring a balance on application and up to £10k if not. Minimum BT is £50 and can be up to credit limit less £100.
T & Cs state that the way payments are applied means that handling fees and and interest are paid before BTs and purchases so am I right in thinking that as long as the handling fee was paid with the minimum payment on the first month after a BT was made there would be no interest to pay?
Has anyone else had one of these?
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