Capital One has established itself as a serious contender in the credit card world. They offer a straightforward credit card for those who have never had credit or have bunged up their credit in the past. The Capital One Classic Visa features a high pa interest rate and few benefits, but is perfect for anyone who needs to establish or strengthen their credit. It's an excellent alternative to a secured credit card, with credit limits starting as low as £200 and going up to £2,500. If you've been turned down by other credit card providers, the Capital One Classic Visa is one way to get your credit record started on the route to recovery.
Capital One guarantees your acceptance if you can answer yes to three simple questions:
- Are you over 18?
- Can you prove that you are a UK resident?
- You are not currently bankrupt or in the fraud database.
The low initial credit limit lets you get your feet wet with credit getting too far over your head. For every four months of on time payments, Capital One will increase your spending limit until it reaches the £2,500 cap. If Capital One can not offer you a Classic Card, they will offer you a secured card with deposits as low as £49, less than half what other secured credit card providers will accept.
The Capital One Classic credit card is the ideal starter card for a student or a great tool to rebuild your credit if you've bunged it up in the past. You can apply online at airaid.co.uk, where can compare bad credit credit cards and you'll also find lots of articles and information on using your credit cards wisely and rebuilding your credit.
