Have you thought of buying a credit card, but struggling to select which bank to start with then you have landed on to the right article. This article will help you understand features for one of the best credit cards available for you and that is Capital One Credit Card.We all know there are various credit cards available for you to buy providing lots of different features. But subscribing with a trustworthy and secured bank credit card is all that you need. So today we are going to share with you the different offers associated with Capital one credit card, how to buy and avail the card, even the steps on activating the card.
WHAT IS CAPITAL ONE?
Capital One Finance corporation is an American bank with its headquarters situated in McLean, Virginia, having primarily operations in the United States. Capital One holds a specialization in dealing with credit cards, auto loans, saving accounts and other banking operations. It is one one largest bank chains in the United states and is able to maintain its reputation among people with the continuous growing technology.
The company had discovered the credit cards in the 1990s and became the 5th largest credit cards providing company in 2016 considering the purchase volume, after American Express, JPMorgan Chase, Bank of America and Citigroup. Capital One is also the second largest company in terms of auto finance in the United States. Capital One had 75% of its revenue from credit cards in the fourth quarter of 2018.
Capital One offers the most famous and popular credit cards with a higher number of reward points that are very easy to redeem. Best part among these cards is that they typically have less or even sometimes no annual fees compared to other banks credit cards, no transaction fees on foreign exchange and also have no minimum points required for redemption policy. Capital One is one very easy to use credit card for types of users with a variety of cards for business, travelers, rewards card, student cards and also limited access credit cards.
There are thousands of credit cards available in the market for users to subscribe to, but each person is unique in his terms and has different financial needs. As earning more reward points on spend could be a priority for one but having more discount offers could be the choice of others, keeping all this in mind Capital One offers a variety of credit cards. The company analyzes the best cards available in different categories based on users’ priorities, as whether a consumer needs a balance transfer card to manage debt or a rewards credit card, or a card with high frequent flyer miles.
BEST CAPITAL ONE CREDIT CARDS FOR 2021
Capital One offers you a variety of credit cards for its variety of consumers’ needs, which includes cards related to cash backs, travel, business and credit-building. Let’s have look at some of the best cards available or Capital One has to offer
Capital One Quicksilver Cash Rewards Credit Card
These cards offer simple cash backs. Consumers can earn an unlimited 1.5% cash back on every day purchases.
Capital One SavorOne Cash Rewards Credit Card
One of the best available credit cards for dining and entertainment with annual card membership fee. Consumers earn unlimited cash back on dining, grocery stores, entertainment of 3% and also 1% cashback on all the other purchases.
Capital One Platinum Credit Card
Platinum credit cards are best suitable for people with limited credit history. Even though this credit card does not offer any rewards, it comes with some excellent features for automatically getting considered for a higher credit line in less than 6 months. Cardholders are also enrolled for fraud coverage and other multiple payment options, making it as one of the best cards for limited credit customers.
Capital One QuicksilverOne Cash Rewards Credit Card
This card is suitable for consumers with a fair credit amount. Consumers can upto 1.5% cash back on every day purchases.
Secure Mastercard from Capital One
In contrast to QuicksilverOne credit card Secure mastercard card offered by Capital One if for consumers with bad credit. Secure Mastercard offers 3 major credit bureaus, separating it from prepaid cards. Use of this card may even entitle the consumer for a higher line credit without any additional fees.
Capital One VentureOne Rewards Credit Card
Best Travel card with no annual fee. Earn unlimited 1.25X miles on every purchase, every day
Capital One Spark Cash Select for Business
As the name suggests, it is the best suitable card for businessmen with no annual fee. Earn unlimited 1.5% cash back for your business on every purchase, everywhere, no limits or category restrictions.
Capital One Spark Miles for Business
Best business card for travel rewards. Earn unlimited 2X miles per dollar on every purchase, everywhere, no limits or category restrictions, and miles won’t expire for the life of the account.
BENEFITS OF CAPITAL ONE CREDIT CARD
Starting from travel to cash back business cards. Capital One has to offer you a variety of credit cards options based on various different types of consumers credit scores. Below is the list of some of the benefits Capital One cards have to offer.
Account Management Services
- Eno an Intelligent Assistant offered by Capital One allows it consumers to keep a record on their account with typing a message, they can have a check on their balance, have transaction review and bill payments
- Consumers have 24/7 customer service support
- Proactive account alerts via email and text id another offering from capital one to keep its consumers updated with the account happening
Applications and Digital Services
- A consumers can view his/her balance and other transactions, can even pay their bills with Capital one Mobile App
- It helps you monitor your credit limit for free without affecting your credit score.
Travel and Retail Benefits
- None of the cards offered by Capital One charge its users with foreign transaction fees, which helps them save around 3 to 5% per foreign transaction
- It has automated monitoring to any suspicious transaction activity, simply excessive tips and duplicate charges. Also it provides you with a facility to instantly block or unblock your credit through its app.
How to Apply for a Capital One Credit Card?
So, if you have come so far in the article it means you have decided to buy a Capital One Credit card. Applying for a Capital One Credit card is a very task, with some clicks and basic information one can apply for the card online. Subscribers can even call the customer support and request for a credit card application. Let’s look at the steps to apply for a credit card online.
- Open Capital One official website
- Select Credit Card option and click on Apply now
- A blank form with basic information for you to fill will appear
- First Name (should be same as on Government ID card)
- Last Name (should be same as on Government ID Card)
- Date of Birth
- Social Security Number (SSN)
- Citizenship
- Postal and Permanent Address
- Email Address and Phone Number
- Once you will all the above information, you can proceed with Financial Information
- Employment Status
- Total Annual Income
- Monthly Rent/Mortgage
- Have any bank accounts with the bank
- As a next step it will require you accept the terms and condition
- Click on Continue to place a request for Capital One Credit Card
Process Involved to get Approved for Capital One Credit Card
After submitting the request, the company will look into your application for further process. Below are the points an issuer will look upon, at the time you have applied for one credit card
Credit Score
First and the most important point is your credit score. A consumer credit score is used to identify whether or not a customer is qualified for a card. Credit score is based on the following categories.
- Accounts owned by customer, primarily or even as a joint account
- Consumers payment history
- Credit mix
- Duration of credit history
- New Credits
If a consumer has a credit score below 580 then they are left with a very minimum number of options to choose from the cards available, whereas on the other hand if your credit score is above 580 you have several Capital One Credit Cards to choose from.
Debt to Income Ratio
A Card issuer company along with credit score will always look at the debt to income ratio, which means to check what is the monthly income of a consumer to pay debt.
Pre-Approved or Pre-Qualified
A consumer can avail or credit card within 60 seconds with Capital One’s pre-qualification check facility available on their website. This tool will help you identify the Capital One credit card available for you or with the one you qualify for, by answering some basic informational questions. Most important thing here is that it will not impact your credit score.
Approved Credit Card
Once your Capital One credit is approved, the company will send you a notification of their decision by sending an email or text within 7 to 10 days. The card once approved and received can be as soon as you activate the same
How to Activate Capital One Credit Card?
Activating your credit card takes only a few minutes of your time. A subscriber may choose to activate his/her card via sending a SMS or by visiting the website. It is a very process, let’s look at the steps below to activate it using a website.
- Open CapitalOne.com/activate
- Fill in the basic info
- Last Name
- Social Security Number (SSN)
- Date of Birth
- Click on Get Started
- Keep on filling the information required further to activate your card
Conclusion
Well readers, this is all about CapitalOne Credit cards. Capitalone has different credit cards and you can pick any one that suits you best.
I hope this information will be beneficial for you.
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