The Classic credit card is Capital One’s most popular UK card, open to those trying to improve their credit rating. This credit-builder cardoffers a pre-application elibility check, called QuickCheck. QuickCheck is a tool that performs a soft credit check (which won’t leave a mark on you credit record for other lenders to see) and tells you if you’ll be approved before you apply. The Classic is open to those with CCJs or defaults in the past.
Capital One Classic Credit Card Features
- No annual fee
- 34.9% variable purchase APR
- Credit limit between £200 and £1,500
- Cardholders may be eligible for up to two credit limit increases a year
- QuickCheck eligibility checker to see if you'll be approved before you apply
- Open to those with past CCJs or defaults
- Should have some UK credit history to be approved
Capital One Classic Credit Card Review
The Capital One Classic credit card is a credit-builder card for which you can check your eligibility before you apply. This is important because applying and getting denied can be damaging to your credit rating. Well, technically speaking, other lenders won’t see if you’ve been denied, but they will see the hard credit search. Too many hard credit searches can be a red flag to potential lenders.
What a credit-builder needs to avoid is repeated hard searches resulting from multiple application denials. (It’s fine to have a hard search IF you are accepted and get your credit card.) Capital One stand by their QuickCheck answer, unless certain information pops up in fraud prevention databases or they can’t verify your identity. Being registered on the electoral roll will really help with the id verification process.
The Classic is a basic card, without any rewards or perks, aimed at providing credit to those with marks on their credit history. Once you have the card, paying on time and staying within your credit limit should improve your credit history. It can take months to see an improvement in your credit rating, so a bit of patience is required, too!
Bottom Line: The Capital One Classic card is a credit-builder card for a weak credit history. The QuickCheck eligibility checker is a feature to indicate if you'll be approved before you apply.
Capital One Classic Card Credit Card Details
As a credit-builder card, Capital One will consider those with imperfect credit histories. A number of stipulations on their website do indicate who is more or less likely to be accepted. Capital One is...
|More likely to accept you if you...||Not likely to accept you if you...|
|Are at least 18||Haven’t had credit in the UK before|
|Have shown a history of managing credit (even if you’ve had CCJs or defaults in the past)||Have declared bankruptcy in the past 12 months|
|Are on the electoral roll at your current address|