DO NOT GO NEAR (Capital One)

Member Name: jenga2010

Product:	Capital One
Date:	08/04/09 (141 review reads)
Rating:

Advantages: NOTHING!

Disadvantages: ITS ALL MONEY MONEY MONEY!

Capital One are a horrible company to deal with. Having had a card with them for several years I am once and for all getting rid of it this summer once my balance on it is clear. It may seem like a great thing to do get a credit card but trust me they are all out for your money.

Interest rates are (if you are have a great credit rating and tick all their boxes required)
9.9% p.a. fixed until 1st August 2012 on purchases
9.9% p.a. fixed until 1st August 2012 on balance transfers
No balance transfer fee

Rates change depending on what type or card you want some rates rise to 15.9% p.a or 34.9% p.a(if you have bad credit already) you are very lucky to get the interest rates above.

You might think this sounds good, but just think about the money you are having to pay them back. This is your money and they are gaining out of your money.

They offer you a wide variety of cards and they all look nice and fancy and you might think you are great having a credit card but trust me one late/missed payment and they hound you and charge you £12 for each time you are late or have a missed payment. All the £12's add up, and if you think you can just ignore them think again beaue this goes onto your credit rating/score record which will affect you for further credit in years to come. Of course all companies charge you for paying late or miss payments or even going over the limit but £12 and sometimes it is there fault and they do not return the money unless paperwork is filled out. When calling to speak to them they dont have a clue what they are talking about and each person tells you something different. These calls are expensive and are in a country were they do not understand our language most of the time.

I called them because I had got cover on my card if I ever lost my job they would pay this for me for a maxium of 4 months. I was out of work for 9 weeks at the most and they told me I did not qualify for my cost covered and paid for me. So tell me what was I paying my protection for? I do not understand this part of the agreement and when I questioned this no one could tell me an answer. I am still waiting 2 years later!

My advice stay clear

Summary: STAY CLEAR