Capital one credit card
Capital one credit card comes with a host of features to suit the needs of all types of customers. Capital one credit card offers the facility to transfer your outstanding balances from other cards to this account. However, a handling fee of three percent of your balance transfer amount will be charged to your account.
This fee will not be charged to your account until your 4th statement for any balance transfers you make during the first three months of your account. The interest rates per annum are variable for purchases after 3 months, for balance transfers after your introductory zero percent APR statement and for cash withdrawals from the date of the agreement. For a Platinum Card, all applicants must be aged 21 or over, resident in the UK and receiving an income of more than £10,000 per annum. Credit is available subject to status and conditions.
The interest free period for a Capital one credit card is a maximum of fifty four days for purchases where the balance is paid in full every month. There are no interest free days for balance transfers and cash. The interest rate applies from the moment a balance transfer is made or a cash withdrawal is made. For purchases made using a Capital one credit card if the balance is not repaid in full on the due date, interest on the outstanding balance is charged from the date of the transaction until that transaction has been repaid. For balance transfers the Interest is charged from the date of the transaction until that transaction has been repaid. For cash withdrawals the Interest is charged from the date of the transaction until that transaction has been repaid.
One of the conditions of Capital one credit card is that if you do not pay off your balance in full, when you make a payment, it will be used to pay off in the following order.
The payments can be:
Cash handling fees
Any interest
Other fees
Payment Protection Insurance
Capital one credit card users must pay a minimum of 3% of the outstanding balance or £5, whichever is greater on the due date to avoid the credit being transferred sent to the recoveries unit. Capital one credit card comes with a minimum credit limit of £1000 and a maximum credit limit £25000. It also carries an extra charge of 2.75% on the foreign currency conversion and cash withdrawal charge 3% (minimum £ 3.00).
Capital one credit card has introduced a Classic card which has no Annual Fee. The minimum maximum limit is between £200 and £2,500. Your credit limit increase if you simply use your card, stay within your credit limit and make your payments on time and your initial credit limit will be increased from your 4th statement. There is also a free choice of card design.
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