Has anyone out there got a Capital One card and is it any good? I am thinking of getting one.?

Answer 1

I had one a few years ago when, it was a basic one and the interest rate was extortionate! Beware - make sure you find out about any hidden charges/fees.

Check out The Money Saving Expert site to make sure you are getting the best credit card for your situation. The site is awesome and full of loads of useful tips.

Personally I had a BAD experience with them - but again; that was with just one of their products - The Base level credit card.

Answer 2

what's all this about hidden charges. I've been with capital one for 3yrs and never once had a problem with them. i'd recommend then if you'd like to build your credit score inorder to help you get a better card. i wont lie they are not the best if you've got a terrible score and as far as i know the interest is a relatively high 32% apr which works out to be about 2.5% a month i think. having a card from them helped me get a platimun card from another provider within two years and every year since opening both accounts my limits have increased. i'm not saying peopl cant have bad experiences but i've never known of any hidden charges. i read the small print don't know about anyone else. and i'm fully aware of the charges because they inform me (by letter). if you've got a good credit score, then there platinum card does a long interest free period on balance transfers and offers a good to ok rate, depending on your score. what important is you must pay by the date due all the time and if you can pay more. whts more is the money isnt actually yours you must pay it back, so spend wisely

Answer 3

If you have a good credit score, just go to your Bank for a Visa card. They should offer the very lowest rate. Then pay it every month so you DO NOT pay any interest.

NEVER CHARGE MORE THAN YOU CAN PAY OFF IN ONE MONTH. By not paying it off EVERY MONTH the balance climbs, the payment climbs, you can get further and further behind.

Sometimes they add charges to an unused card. SO BE CAREFUL.

Only allow yourself ONE credit card for emergencies, like car repairs or a medical emergency. This way you should stay out of debt.

Learn about your credit score and how URGENT it is to keep it at near 800 as possible.

Answer 4

There's PROS and CONS to every credit card / credit card company. Personally, I've heard nothing but negative things about Capital One. Not only that, but their offers aren't nearly as competitive as offers from Chase or Citi. You might want to compare some different options before you apply. There's a great list of cards here:

http://www.asapcreditcard.com/0-apr.html

Hope this helps! Good luck!

Answer 5

From what I gather (from my Dad complaining about the ones he has all the time), they're one of the better of a bad bunch to deal with (the worst being Barclaycard).

However, instead of diving into getting any old Creditcard, I suggest having a check on this site to compare what's available:
http://www.fool.co.uk/credit-cards/credit-cards-comparison.aspx

They also have many good articles on credit cards:
http://www.fool.co.uk/news/archive.aspx?id=466&year=2007
(Including updates on all the latest marketing con tricks & other rip offs by the credit card companies - essential reading)

And one on what to do if you get a little bit carried away using it (the best article online about getting out of debt, in fact): http://www.fool.co.uk/school/2006/sch060104.htm

Answer 6

I don't use Caital One because they don't report your credit limit to the 3 credit bureaus, EVEN IF YOU ASK. This can lower your score unless you max out your card once, pay it off, and then use 20% or so of your available credit. (MSN had an article on Capital One hurting people's credit scores... http://articles.moneycentral.msn.com/Banking/YourCreditRating/WeirdStuffThatHurtsYourCredit.aspx ) I'd suggest getting a secured credit card if you have poor (or no) credit history. I use a MasterCard from my bank/credit union and it's a wonderful tool.

I'd suggest getting a card from your local bank or credit union. (Try to see if you can join a credit union... they tend to have much better customer service and don't rob you blind in fees. Check out www.cuna.org to see if you qualify for one in your area... or, if you have a sibling, parent, spouse, etc. in the military, check out USAA. They have the best car insurance in the nation. I have some friends in the military and they LOVE it.)

Answer 7

Only if you can clear the a/c every month. They might advertise a low interest rate but I don't know anyone who benefits from this. There are some tough charges in the event of overspending or late payment.

Answer 8

I had one, and had no problems with it. The only reason that I got rid of it was because I had TOO many cards and had to thin out. I would get one from them again.

Answer 9

I HAD one and will not make that mistake again. Capital One was the worst business I have ever done business with.

Please re-consider getting anything that has to do with them. Their customer service sucks and they made many errors on my credit card statements such as charging me TWICE for an item.

Please please please find a different card. Hit up U.S. Bank or a Visa from your local bank. I have Harley Davidson Visa and have had no problems at all.

Good Luck !!

: )

Answer 10

In addition to them not reporting credit limits, there is also the fact that they do not do consumer-requested credit line increases. They are my lowest CL by far and will not increase even as my other cards increase automatically.