The Capitol One analyze the credit card holder performance .
This classification is based on the prospective
cardholders track record of debt notes loan or previous credit card.According
Capitol grouping cardholders based categories makes it easy for us as consumers
to be more aware of our ability to responsible for the paying of our credit
card bill on time.
This level is very beneficial for both the publishers and consumers.For
credit card issuers, this classification will make the risk of default is
smaller, so it does not harm their company.
The following categories of credit card holders based on The
Capitol One level:
1. Excellent Credit
Do BOTH of these describe you?
I have never declared bankruptcy or defaulted on a loan. I
have not been more than 60 days late on any credit card, medical bill, or loan
in the last year. - AND -I have had a loan or credit card for 3 years or more
with a credit limit above $5,000
2. Average Credit
Do EITHER of these describe you?
I have defaulted on a loan in the past 5 years.- OR -I have
limited credit history. I've had my own credit card or other credit for less
than 3 years (including students, people new to the U.S., or authorized users
on someone else's credit card).
3.Rebuilding Credit
Do EITHER of these describe you?
I have defaulted on a loan more than once - OR - I have been
declined for a credit card in the last 3 months.
If you know what the credit card holder level are you, you
will know what is best credit card that The Capitol One offers for you. Here
are the most popular credit card from The Capitol One :
a. Venture Reward
Credit Level : Excellent Credit. Reward : Unlimited 2 miles
per dollar on every purchase.One-time bonus of 40,000 miles once you spend
$3,000 on purchases within the first 3 months. Purchase APR : 13.9%-20.9%
variable APR. Transfer Info : 13.9%-20.9% variable APR; No Transfer Fee. Annual
Fee : $0 intro for the first year; $59 after that
b. Venture One Reward
Credit Level :
Excellent Credit. Reward : Unlimited 1.25 miles per dollar on every purchase. One-time
bonus of 20,000 miles once you spend $1,000 on purchases within the first 3
months. Purchase APR : 0% intro APR until December 2015; 11.9%-19.9% variable
APR after that.Transfer Info :11.9%-19.9% variable APR; No Transfer Fee. Annual
Fee :$ 0 .
c. Quicksilver® Rewards
Credit Level : Excellent Credit. Earn unlimited 1.5% cash
back on every purchase, plus a one-time $100 bonus/. Purchase Rate: 0% intro
APR until September 2015; 12.9%-22.9% variable APR after that. Transfer Info:
0% intro APR until September 2015; 12.9%-22.9% variable APR after that; 3% fee
on the amount transferred until September 2015. Annual Fee: $0
d. QuicksilverOne® Rewards
Credit Level :Average Credit. Earn unlimited 1.5% cash back
on every purchase, every day. Purchase Rate: 0% intro APR until September 2015;
22.9% variable APR after that. Transfer Info: 0% intro APR until September
2015; 22.9% variable APR after that; No Transfer Fee. Annual Fee: $39.
e. Journey® Student Rewards
Credit Level :Average Credit. Build credit with responsible
use and earn cash back. Purchase Rate:19.8% variable APR. Transfer Info:19.8%
variable APR; No Transfer Fee. Annual Fee:$0 Annual fee.
f. Platinum Credit Card
Credit Level :Average Credit. Get the credit you need. Plus,
enjoy a $0 intro annual fee for the first year; $19 after that.Purchase
Rate:24.9% variable APR. Transfer Info:24.9% variable APR; No Transfer Fee. Annual
Fee:$0 intro annual fee for the first year $19 after that.
g. Secured MasterCard®Credit Card
Credit Level : Rebuilding Credit . Build your credit with
responsible use. Refundable deposit of $49, $99 or $200 required. Purchase
Rate:22.9% variable APR. Transfer Info:22.9% variable APR; No Transfer Fee. Annual
Fee:$29 Annual fee
h. Classic Platinum Credit Card
Put a little extra bounce in your wallet. Credit Level
:Average Credit. Get the credit you need with a competitive rate. Purchase
Rate:20.9% variable APR. Transfer Info:20.9% variable APR; No Transfer Fee. Annual
Fee:$39 Annual fee
i. Platinum Prestige Credit Card
With a low intro APR and no annual fee, you could save a
ton! Save money with a 0% intro APR on purchases and transfers. Credit Level :
Excellent Credit. Purchase Rate: 0% intro APR until March 2016; 10.9%-18.9%
variable APR after that. Transfer Info: 0% intro APR until March 2016;
10.9%-18.9% variable APR after that; 3% fee on the amount transferred until
March 2016. Annual Fee: $0
By knowing our level, the APR or calculate the credit card interest, the reward, and annual fee makes us wise to using the credit card
that The Capitol One offers to us. This
information makes us easy to entering the data when using the credit card calculator to know detail about our credit card bill.
