Capital One credit cards are available for those with bad credit. But there are many things to be aware of before applying. First, you should understand how a Capital One credit card works. Credit lines will only be extended if there is a low cardholder balance. Your Capital One credit line may not be increased if you have an excessive balance. A perfect payment record is also required. A negative credit history or late payments could result in your disqualification.
Capital One QuicksilverOne Credit Card Cash Rewards
If you're looking for a credit card for bad credit, you can consider the Capital One QuicksilverOne Cash Rewards credit card. This card has a high APR but can be used to improve your credit score. The card is fine as long you pay the full amount each billing cycle. Capital One also offers CreditWise which provides tools for monitoring your credit score. After you have made five timely payments, you will automatically be considered for a higher credit limit.
The QuicksilverOne cash Rewards credit card may be an option for those with good credit but it might not suit everyone. If you have a poor credit history, it might be best to apply for a secured or starter card instead. Both of these cards can help you build credit. Capital One's QuicksilverOne Credit Card Rewards has low fees and many useful perks. This card is great for people with less-than perfect credit.
Capital One Platinum Secured Card
Capital One Platinum Secured Card lets those with poor credit rebuild their credit. The security deposit is required to open an Account. The ultimate credit line does not change due to the security deposit. You can also increase your credit limit if your credit rating improves. Deposits can be as small as $49 up to as large as $1,000.
Capital One Platinum Secured accounts can be opened and you can increase your credit limit simply by making regular monthly payments for six month. You may apply for a higher credit limit if you credit improves. But you must not spend more than your income.
Capital One Quicksilver student cash rewards credit card
You may want a credit card with good rewards if you have poor credit. Capital One Quicksilver Students Cash Rewards credit cards are a great option. You get a 100 percent cash back guarantee with this credit card. Annual fees are not an issue, which is always good.
The Capital One Quicksilver Student Rewards credit card, the Capital One Quicksilver Cash Rewards credit card, is a great choice for college students. This credit card allows you to build your credit and does not charge foreign transaction fees. Students studying abroad or already in college will find this card to be a good option.
Capital One Quicksilver Secured Credit Card
Capital One Quicksilver Secured Cards may be the best option for you if you have bad credit. These cards are subject to a credit check. This means you have a chance of earning back your security deposit. This is a great way for you to build your credit score.
This credit card offers a 1% cash-back rebate on all purchases and can graduate to an unsecured card once you've built up a credit history. Although it doesn't have many benefits, the Capital One Quicksilver Secured Card can be a great choice for anyone with less-than perfect credit.