Credit Cards
Capital One Classic Credit Card review: Up to £1500 credit limit
If you’re ready to add a new credit card to your wallet, read this Capital One Classic Credit Card review to see if this is the one you need. Build credit fast!
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Pay £0 annual fee and build your credit!
The Capital One Classic Credit Card is not called “classic” for no reason, and this review will tell you why it is the perfect pick to build credit.
Capital One Classic Credit Card: how to apply
Apply for the Capital One Classic Credit Card and re-establish your credit! This post will tell you how to do it. Up to £1500 credit limit.
A credit card can be a useful tool if you use it responsibly. Then see how this credit card performs and why millions already have one.
| Credit Score | Poor and Fair credit scores are accepted; |
| Annual Fee | No annual fee; |
| Purchase APR | The representative variable APR is 34.9%; |
| Cash Advance APR | 3% or £3, whichever the higher; |
| Welcome Bonus | Not available for this credit card; |
| Rewards | The Capital One Classic Credit Card does not feature a rewards program. |
Capital One Classic Credit Card overview
Having a good credit card can improve your financial management. And if there is one thing Capital One knows about is credit cards.
So that’s why the Capital One Classic Credit Card is one of the most popular credit cards in the UK. Also, you don’t need a high score or income to get it.
It was designed for people who want to increase their credit rating using a credit card. Put some effort into it, and you can reach an excellent score rating!
The interest rate is high, but that’s usual for this type of credit card. Then try not to carry a balance and pay your credit card bill in full every month.
So if you make on-time payments, you’ll be considered for a credit limit increase, making building credit easier.
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Capital One Classic Credit Card main features
Like most credit-building cards, the Capital One Classic Credit Card doesn’t have a lot of features. It is a very basic credit card.
Further, check the Capital One Classic Credit Card review of pros and cons to see if this card is worth it.
Pros
- No need for a good or excellent credit score to be considered;
- No annual fee;
- The credit limit rangers from £200 up to £1,500, and you can increase it two times per year if you’re eligible;
- The minimum monthly repayment is only £5.
Cons
- Like most credit cards in this category, the interest rate is high, reaching up to 34,9%. This can make it very expensive to carry a balance, so avoid doing it;
- Also, you’ll get no rewards of any kind, like cash back or points;
- This can not be your first credit card in the UK, even though you don’t need a good credit score.
Minimum credit score to apply
If you have at least 18 years old and have some credit history in the UK, you can already try your chances of applying for the Capital One Classic Credit Card.
However, this does not guarantee your approval, and your creditworthiness will impact your credit limit and interest rates.
How to apply for the Capital One Classic Credit Card?
Now that you know everything the Capital One Classic Credit Card offers, would you like to apply for it?
If you do, keep reading our review by clicking the following link to the application guide.
Capital One Classic Credit Card: how to apply
Apply for the Capital One Classic Credit Card and re-establish your credit! This post will tell you how to do it. Up to £1500 credit limit.
About the author / Julia Bermudez
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