Capital One credit cards are available for those with bad credit. But there are many things to be aware of before applying. First, understand the basics of Capital One credit cards. Cardholders who have a low account balance will get their credit lines increased. You may not be eligible for an increase if your Capital One card has a large balance. You will also need to maintain impeccable payment history. You may be disqualified if you have negative credit marks or late payments.
Capital One QuicksilverOne Card Rewards Credit Card
If you're looking for a credit card for bad credit, you can consider the Capital One QuicksilverOne Cash Rewards credit card. Although this card has a high APR it can be used to improve credit scores. As long as you make your monthly payments in full, you will be fine. Capital One has a CreditWise Program that will give you tools to manage your credit score. If you have paid five regular payments, you'll automatically qualify for a higher line of credit.
Although the QuicksilverOne Rewards credit card is a good option for people with decent credit, it may not work for everyone. If you have bad credit, it may be wise to apply for a starter card or secured card. 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 Car
Capital One Platinum Secured Card lets those with poor credit rebuild their credit. Applicants must pay a deposit in order to open an account. The final credit line is not affected by the deposit. If your credit history improves, the credit limit can be increased. You can deposit as little or as much as $49, and as high as $1,000.
After you open an account with Capital One Platinum Secured you will have the option to increase your credit limit through timely payments for six months. If your credit improves in the meantime, you can request a higher credit limit, but it is important to remember that you can't spend more than you can afford to pay back.
Capital One Quicksilver Student Cash Rewards Credit Card
Bad credit can make it difficult to get a credit line that rewards you well. Capital One Quicksilver Students Cash Rewards credit cards are a great option. This credit card provides a 100% cash back guarantee on all purchases. There are no annual fees to worry about, which is always a plus.
The Capital One Quicksilver Student Cash Rewards credit card is a great option for college students, as it provides a good way to build credit and is free from foreign transaction fees. This card is also great for students planning to study abroad, or those who are already in college.
Capital One Quicksilver Secured MasterCard
Capital One Quicksilver Secured Cards may be the best option for you if you have bad credit. These cards have a soft credit requirement. This means that you may have the chance to get back the security deposit. It is a great way of building your credit score.
This credit card gives you a 1% cash-back rebate for all purchases. You can then graduate to an unsecured card once your credit history has been established. While the Capital One Quicksilver Secured Card offers few benefits, it is a good choice for someone with poor credit.