THIS COULD SAVE YOU MONEY!!! BUT IF YOU DECIDE TO APPLY WATCH OUT!!! (Capital One)

Member Name: DOMINICQUICK2004

Product:	Capital One
Date:	30/03/04 (642 review reads)
Rating:

Advantages: ONLINE BANKING, GREAT CUSTOMER SUPPORT

Disadvantages: HEFTY APR, LATE PAYMENT CHARGES, POOR CREDIT LIMITS

I was quite disappointed upon getting this card, When I was 18 I thought I would apply for a couple for emergency use and the occasional purchase, I applied for a Barclaycard VISA and got one at 17.9% with a £400 limit and then the Capital One Mastercard, this arrived with a very disappointing in comparison 29.9% APR and only a £200 limit. I don't have any CCJ's nor am I blacklisted.

I have used both cards and recently had my Barclaycard credit limit increase to more than double what it was when I got it last May, the Capital One card has received no such increase and no reduction in the APR.

I have never paid late, but should I do so there is a hefty £15 charge (and I think its gone up recently) which is no good thing, and especially when they are only giving out credit limits of £200 with a hefty APR.

These card looks a major let down, but the services offered by Capital One are unbeatable. As well as having an online banking facility where you can pay your monthly statement, transfers balances and check your transactions there is an freephone-automated service where you can do exactly the same. Most of the other providers who let you check your transactions over the phone will charge you at National rate for the privilege. From this 0800 number you can also get through to a 'human' advisor without charge.

Although the service is good the card is very poor, if you are able to get the No Hassle platinum card then things may be different, but I cannot recommend this card on service alone and therefore advise you to stay away from this unless its your only option. I.e. you have CCJ's etc and have problems getting credit.

Summary: