Capital One Credit Card: Good for Individuals with No Credit History
For someone who never had used a credit card until two years ago, I had never thought of applying for a credit card until I got my current job which makes me keep on travelling most of the time. I had constantly believed of the fact that if you do not have an adequate amount of money to pay for something then you could not have it. This came for my father’s saying.
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Hence, try to picture out how astonished am I when I applied for credit cards and end up being declined. When you receive the decision coming from the credit card company that show that your application is not approved, they will provide you the address of the credit reference agency they are affiliated with. With that, I then requested for my credit report which had nothing on it except for the last 3 addresses I had lived at in the past.
I cannot think how these credit card companies deny my application even if I did not have any credit problems. Actually, the problem lies within. If you have not at all had any credit then the credit card companies will not consider you to get a card from them. It is just as bad as holding a poor credit rating.
Knowing Capital One
Until such time that I come across Capital One. This company dedicates itself in giving out credit cards to those individual that do not have enough credit history or did not have any credit in the past. I applied with Capital One and luckily was accepted for their card even if it goes with a particular price. The do charge an annual fee and the APR is much higher compared to other credit card. However, I believe this is how they get back all of their losses coming from those customers who do not pay off their bills.
Another thing about this card is would deal with the credit limit which quite low. But this is not a disadvantage because your spending is limited given that you are a new cardholder and you are building a credit rating of yourself. I started of on a low credit limit but after a year, my credit limit was increased even though not enough but suits the function for my work.
Steadfast Capital One Customer Service
Customer service of Capital One is exceptionally good. There are automated phone lines in which you can verify your balance, last transactions and other services. However, if you desire to converse to a customer representative, it is readily available. They also own a website where you can check and follow all your transactions on your account.
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At first, I planned to just utilize this account to perk up my credit rating. However, I am now applying for the platinum card they offer. I am fond of the services I have got from the company. They truly are a lifeline for individuals just like me who are searching for credit cards after 36 years have passed having no credit history of their own.
See Also
Best Credit Cards Canada
Best Balance Transfer Credit Cards Canada
Best Cash Back Credit Cards Canada
Best Capital One Credit Cards Canada
Best MasterCard Credit Cards Canada
Best MBNA Credit Cards Canada
Best Visa Credit Cards Canada
Best Secured Credit Cards Canada
Travel Credit Cards Canada
External Links
Mastercardcapitalone247.com
Creditcards.com
Creditnet.com
