No matter where your credit stands, Capital One has a credit card just for you. Want cash back but have less than perfect credit? You can get a cash rewards card from Capital One. Want to be awarded for your history of on-time payments? Capital One offers extra incentives for those with excellent credit. From customized cards to "no hassle" rewards, you're bound to find a Capital One credit card that fits both your credit score and style.
A Card for your Credit
Capital One offers cards for all types of credit, including excellent, above average, and those that need improvement. If you have above average credit and want to receive cash back, consider Capital One's No Hassle Cash Rewards Card. With this credit card, you'll receive 1% cash back on all of your purchases. It has no annual fee, and you'll enjoy a 0% interest rate on all you buy until June 2008.
If your credit needs improving, you may still be eligible for a similar credit card. The Capital One No Hassle Cash Rewards card offers the same program. You'll get 1% cash back on purchases. Because it is geared for below average credit, it has an annual fee of $29. This card has a 0% interest rate on purchases until March 2008.
Many Capital One credit cards operate in a similar fashion. You can choose the benefits you want, whether that be cash back, miles, or a low interest rate. Then match those benefits to your credit rating. You'll come away with a credit card designed specifically for your needs.
Understanding your Credit Score
Since many of Capital One's cards cater to different levels of credit, it is important to understand how that credit score is determined. The most important factor is your payment history, which contributes to 35% of your total score. Paying at least the minimum due on your credit card over a period of time will significantly boost your credit rating. Your length of credit history and the types of loans you have are also taken into consideration.
The "No Hassle" Perks
Many credit card issuers offer rewards programs and Capital One is no exception. However, Capital One works to streamline the process, making it easier for customers to calculate their rewards. For example, some credit card companies offer a layered cash back program. Customers may earn less than 1% for the first $1500 they spend, and then a higher percentage for the next $1500, and then a different rate after that. Sound confusing? It can be. To simplify the process, Capital One offers a straight percentage rate for cash back and rewards. This lets you know what you're earning for each dollar spent, no strings attached.
If you want a credit card that issues miles as rewards, you'll find a similar "no hassle" feature. Capital One offers 1.25 miles for every dollar you spend. So as you swipe your card, you can immediately calculate how many miles you just earned. That is a simple process compared to many other travel reward programs.
Capital One offers card options that fit your credit needs. Its hassle-free features help you calculate your cash back and travel miles. A Capital One credit card may be your ticket to headache-free rewards.
For more than two decades, Capital One has provided lines of credit to millions of consumers. Originally started in 1988, this Virginia-based company specializes in credit cards and other financial services. And it offers cards for consumers on all different levels, from fair credit to those looking for platinum benefits. Here's a closer look at three of the cards Capital One offers.
Capital One Classic Platinum
This card is a solid choice if you are looking for platinum benefits. Some of the features of the Capital One Classic Platinum include 24-hour roadside assistance and travel insurance. You'll also receive extended warranties and other platinum services.
This card comes with a 0% APR period. It also provides customers with fraud coverage, so if your card it lost or stolen, you won't be held accountable for it. This card does come with an annual fee and relatively high regular interest rate, so you'll want to make sure it's a good fit for you before applying.
Capital One No Hassle Cash Rewards
As its name implies, this card from Capital One features an easy-to-use rewards program. It is based on the idea of offering everyday consumers a chance to earn some cash back. Only average credit is required for the card.
This card pays 1% cash back on every dollar that you spend. Unlike other cash back programs, which give 1% back only after you spend a few thousand dollars, this one gives you the full reward right away.
You can receive your money back as soon as you earn it. To do this, you'll need to request a check or credit to your statement. After you've had the card for a year, you'll also receive a 25% bonus on all of the cash you earned during the previous twelve months. So if you've earned $100 in cash back, you'll get an extra bonus of $25.
Capital One Standard Platinum for Students
Students often need credit cards, and this one is built to help with college needs. Those with a limited credit history will be able to get approved for it. The card offers 0% interest until February 2009, which means that students can use it toward school supplies and then pay off the balance before the interest rate sets in.
The regular interest rate for this card is quite high, so students will want to make every effort to pay off the balance each month. There is no annual fee, and no fee for balance transfers with the card.
Additionally, students can shop at the online Capital One Saving Zone. If they make purchases with the card, they'll save up to 40% off on various items. This card also includes platinum perks, such as insurance on rental cars and accidents. Customers can choose to have the card design customized to fit their personality.
These cards can be found online at various web sites. To apply for one online, simply follow the application process. It only takes a few minutes, and once you're approved, the card will be sent to you in the mail. By managing your credit wisely, you can take advantage of Capital One credit cards.
Both Edward Vegliante & Stephanie Andrews are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.