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Capital One - Classic or Progress?

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Hi everyone,

In a month I will have a 'settled' loan default from 2006 and settled CC (which has been on Arrangement to pay) since 2006.

Ideally I would like the Capital One progress CC as the interest rate lowers, but there is conflicting information on the criteria.

Has anyone been accepted for a progress card who has a default?

Obviously the safe option is the classic, but its a hefty APR. Although i don't intend being charged a penny for using it!

Any advice and comments welcome.

Comments

  • BugsyBrowne
    BugsyBrowne Posts: 5,697 Forumite
    donatello wrote: »
    Hi everyone,

    In a month I will have a 'settled' loan default from 2006 and settled CC (which has been on Arrangement to pay) since 2006.

    Ideally I would like the Capital One progress CC as the interest rate lowers, but there is conflicting information on the criteria.

    Has anyone been accepted for a progress card who has a default?

    Obviously the safe option is the classic, but its a hefty APR. Although i don't intend being charged a penny for using it!

    Any advice and comments welcome.

    Progress is a better card if your prepared to wait 3 years for a decent APR.
    A default i would not know if they accept people with them or not.
  • PNPSUKNET
    PNPSUKNET Posts: 4,265 Forumite
    Capital one will accept people with defaults on the progress card, as long as you were not too much of a bad boy
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