Capital One - Rebuild or not Rebuild?

I had applied for a Capital One CC and was approved with a £200 limit - probably because I'm not on the electoral roll and I have no other discernable credit. I thought it would be the card at 29.9% for purchases and BT.

Well, apparently not. Its 0% for 6 months for purchases and 6.9% for the life of a BT. Why do they give me the interest for a good credit history but the credit limit for a poor one?

I'm confused!!

Comments

This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 343.2K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.3K Work, Benefits & Business
  • 608K Mortgages, Homes & Bills
  • 173K Life & Family
  • 247.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards