Capitol One UK Credit Card

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Apply for Capitol One Classic credit cards »

Founded in 1988 Capitol One was the pioneer of mass marketing of credit cards. It has won the Wharton Infosys Business Transformation award in the year 2002 for its innovative measures related to credit card products. Presently, it has its headquarters at Maclean, Virginia, (USA).

Capitol One has a unique method to review its products and services from the customer’s point of view so as to maximize end-satisfaction. This is generally done by a group of senior managers from across the organization. That the method has proved extremely effective is evident from Capitol One’s immense success over the years.

Capitol One has come up with Capitol One Platinum Credit Card and Capitol One Classic credit cards, the former meant for customers with a good credit history and the latter for first-time users or defaulters. As a result, some of the facilities available with the Platinum card do not come with the Classic credit card.

If it is a Platinum card you need not pay any interest for the purchases made during the first three months, and, if this were not all, the rates for all balance transfer would be 0% until 1st July 2008. Otherwise, both the purchase rate and the balance transfer rate per annum are 15.94% for the Platinum card as against 34.94% for the Classic card.

Another outstanding feature is that the customers are provided with the option to choose from a range of credit card designs. As many as eight card-designs are available with each category.

The company has introduced the latest technology called “chip and pin” that is aimed to maximize the protection from card crime. The company also claims to provide its customers with 100% security against Internet fraud.

The other features include:

• Card Type- Visa
• 54 days of interest free purchasing period, as long as payments are made in full balance within due date.
• Online Access
• Zero annual fee.
• Minimum payment- 5% or £5
• Credit limit- £2500
• Security Features- Chip and Pin.
• Minimum Household Income- £20000.
• 24 hour card replacement facility.

Eligibility Criteria:
To be eligible for the Capitol One credit card the applicant has to be 18 or above, a resident of United Kingdom. No minimum household income is specified.