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Capital one 18 month BT card
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dawny10
Posts: 244 Forumite
in Credit cards
Does anyone know if Capital One have to accept a certain percentage of people for this card?
I know new regulations are in place that say that the interest rate advertised must be available to 66% of applicants, presumably to stop providers advertising a fab rate but that is only available to very few people.
Does this also apply to the length of the interest free period? I got turned down for the 18 month card and offered a 6 month one last time I applied for this offer in October. This was before the new rules came in at the begining of November.
Hopefully I'm not in the 'bad' 33% so it would be very handy if they had to give 18 months to 66%!
Thanks
I know new regulations are in place that say that the interest rate advertised must be available to 66% of applicants, presumably to stop providers advertising a fab rate but that is only available to very few people.
Does this also apply to the length of the interest free period? I got turned down for the 18 month card and offered a 6 month one last time I applied for this offer in October. This was before the new rules came in at the begining of November.
Hopefully I'm not in the 'bad' 33% so it would be very handy if they had to give 18 months to 66%!
Thanks
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