Capital One Progress Credit Card Review

Published on 21 August 2010 by Raffick Marday

Capital One Progress Credit Card Review

Introducing the Capital One MasterCard credit card. Where you have a credit limit of up to £2,500 also where you can shrink your rate to as low as 19.9% p.a by keeping up to date with minimum repayments and stay within your credit limit.

Capital One application process is quick and easy and you'll get a response within a minute. So, if Capital One Progress is the card that's right for you.

Who can apply for this Capital One cards?

You are more likely to accept you if:

  • You're used to managing your credit
  • You're over 18
  • You're on the electoral roll

You will not be accepted you if:

  • You've had any CCJs or defaults in the last 12 months
  • You've never had credit in the UK before

The online application form takes a five minutes to complete with an easy step by step instructions and as you would expect secure website protection, make sure you have all the details with you as the application will ask you your personal details, details about your work, what type of card you want and finally confirm the legals, terms and conditions.

What benefits do you get with your Capital One MasterCard?

No interest is payable on purchases if you pay in full the outstanding balance on your first statement by its payment due date. No interest is payable on purchases on subsequent statements if the outstanding balances on your current statement and the previous statement are paid in full by their respective payment due dates

What are the Capital One default charges?

1% or £5, whichever is greater. If you only make the minimum payment it will take longer and cost you more to clear your balance. You can avoid additional charges by staying within your credit limit and ensure that your payments are received on time.

Type of card - MasterCard Credit card

The Capital One Progress Card is a MasterCard card - It can be used at over 28 million locations worldwide also with over 1 million ATM in over 210 countries whereever you see the MasterCard - Maestro or Cirrus acceptance sign.

What is my credit limit?

They will choose the best credit limit for you and tell you what it is. They may vary it at any time and write to let you know. The maximum credit limit that you can have under this agreement is £2500 which is increased subject to status.

Where do I make a complaint?

If you would like to make a complaint about your Capital One credit card, you can write to them at The Manager, Executive Office, Capital One Bank ( Europe ) plc, PO Box 5281 , Nottingham NG2 3HX . They have procedures in place which will make sure they handle your complaint fairly and quickly. However if you are not satisfied with the outcome of your complaint you can write to Financial Ombudsman Service at South Quay Plaza, 183 Marsh Wall, London E14 9SR.


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