Capital One Classic Review

“This card is only designed for people who have very...”

Written on: 09/02/2008 by gpreshaw (6 reviews written)

Good Points
Pretty Much Anyone Can Get This Card
Can Improve Credit Rating

Bad Points
Very High Interest Rates (34.9%)
Low Credit Limit

General Comments
This card is only designed for people who have very poor credit ratings, and i cancelled my card with a month of having it due to the extortionate interest rates they charge and only ever used it once. And I am much happier using my other credit cards that do not try extorting money from me through interest rates!!!

But my mum has this card and she has been using it for about 6 months and in that time she has had her credit limit doubled and is helping her increase her credit rating as she pays her balance off in full every month so she doesn't have to pay the interest rates.