Capital One (Classic Card)

Curry_Queen

cifpower wrote:

This lowers the risk that Capital One is exposed to but they still make money from the 29.9% APR.

Only if you fail to pay off your monthly balance

ka7e

As a stay-at-home mum with no earned income, Capital One was the only CC I could get (about 5 years ago). My credit limit was about £600, but it was increased regularly and is now at £4000. I used to save for big items (furniture/holiday/PC etc) by putting money away in a building soc a/c. Buy the goods on my cc and pay off the whole amount the following month from my savings. Within a couple of months Cap One would offer me more credit!
It's helped build me a credit history and I now have the Sainsburys cc for everyday spending and the Virgin cc has my (smallish) BT from Cap One. I'll keep the Cap One going as it has the biggest credit limit and I've found them very good to deal with on the phone.

jamesh

Yes the people I've spoken to via phone so far have been really great.

Str4berr3

ka7e wrote:

As a stay-at-home mum with no earned income, Capital One was the only CC I could get (about 5 years ago). My credit limit was about £600, but it was increased regularly and is now at £4000. I used to save for big items (furniture/holiday/PC etc) by putting money away in a building soc a/c. Buy the goods on my cc and pay off the whole amount the following month from my savings. Within a couple of months Cap One would offer me more credit!
It's helped build me a credit history and I now have the Sainsburys cc for everyday spending and the Virgin cc has my (smallish) BT from Cap One. I'll keep the Cap One going as it has the biggest credit limit and I've found them very good to deal with on the phone.

So what would you fill in on the forms when they asked for your employment details? dont you have to have a job to apply for credit cards, loans, etc?

cifpower

Str4berr3 wrote:

So what would you fill in on the forms when they asked for your employment details? dont you have to have a job to apply for credit cards, loans, etc?

Not necessarily. Benefits like DLA can count as your income.

scroogey

jamesh wrote:

It is but my point was Capital one are getting a deposit from me, if they need one I can't see barclays giving me a card without a deposit.

Not necessarily, as I appiled for the Capital One Classic Card and was asked to pay a £200 deposit. I went off into town to pay it in cash (as I don't have a cheque book) but my bank (Halifax) doesn't handle Bank Giro Credits (so they said) and I couldn't find anywhere else to pay it unless I went to the HSBC and paid £5 to do so. In sheer frustration I went back to Halifax and applied for their credit card. I was Immediately accepted for their card at 9 months 0%, a few days later when all the bumpf came through I discovered I had a £1500 limit. a hell of a lot more than what Capital One were offering.
So it might be worth trying your bank. I'm glad I did.

danjaq2004

Heard back from Capital One. Have been accepted, signed terms and conditions and waiting to hear what card I have been offered. Incidentally, was turned down by my bank for a card ...crazy!

moggins

Barclay Card also accepted me back in January and I'm also a SAHM with no earned income. I also have a terrible credit record dating back 5 years ago when my ex did a bunk leaving me with a mortgage and nearly £20K worth of debts.

We had a repossesion order, defaults, the lot. All of which will remain on my credit report until next year.

They gave me a £300 limit, which is probably terribly low for some people but it's great for me and I'd only get worried about it if they gave me any more.

cifpower

moggins wrote:

Barclay Card also accepted me back in January and I'm also a SAHM with no earned income. I also have a terrible credit record dating back 5 years ago when my ex did a bunk leaving me with a mortgage and nearly £20K worth of debts.

We had a repossesion order, defaults, the lot. All of which will remain on my credit report until next year.

They gave me a £300 limit, which is probably terribly low for some people but it's great for me and I'd only get worried about it if they gave me any more.

What interest rate did they give you?

moggins

25.9% which doesn't bother me much as I make sure the balance is paid off in full every month anyway.