Types of credit cards

Capital One provides a diverse range of credit cards to cater to customer requirements. If you make most of your financial transactions online, the digital account management that Capital One credit cards can be handy for you.  

• Student Credit Card provides students with access to a credit line. The credit requirements for many student credit cards are laxer than those for regular credit card offers. There is 1% cash back with no limits.

• Business Credit Cards can assist you in maintaining a clear separation between your business and personal spending. Capital One Spark Cash Select offers $500 Cash Bonus, and Capital One Spark Cash Select has 0% intro APR for 12 months. The Capital One Spark Miles for the Business credit card is a business counterpart of the famous Capital One Venture Rewards credit card. You gain 2 miles for every dollar spent, and miles can be redeemed for 1 cent each for any travel transaction, without the blackout dates and other restrictions of branded hotel and airline cards. The card also has a terrific sign-up bonus.

• Secured Credit Cards. Applying for a secured credit card could be a good idea if you have a low credit score or are just starting. You are required to make a refundable security deposit, which the card issuer will keep as collateral. After that, you can use the card to purchase precisely like any other credit card. If you use your card responsibly, you can even recover the money you deposited.

• Cash Back Credit Cards. Capital One's Cash back credit cards may reward grocery, gas, eating, and entertainment spending. You earn a percentage of eligible purchases. Statement credits, cheques, and gift cards are options to redeem cash back.

• Travel Rewards Credit Cards. When you make purchases with a travel credit card, you may earn travel rewards that you can redeem in various travel-related ways. You may be able to use travel rewards credit card to receive points on non-travel-related purchases as well. Some travel rewards cards, for example, may offer the same travel rewards rate on all purchases. Others may provide a higher rate of return for travel-related items.

Pros and cons

Pros

• No annual fee

• Low spending threshold for the welcome bonus

• Earn cash back for any quantity at any time

• No international transaction fee.

Cons

• High regular APRs

• Low credit limits.

Main Requirements 

To open a credit card in your name, you must generally be at least 18 years old. If you're under 21, you'll also have to show that you can pay the account's minimum payments on your own. If you can't, you may need a co-signer who is a little older. Someone else will have to prove you can make payments if you can't. Be aware that not all credit card firms enable co-signers to be included in the transaction. In Capital One, the following information is needed: full name, date of birth, SSN, physical address (not a PO box), estimated gross annual income.

To apply for a business credit card, you will additionally need to provide:

• Your Business's Legal Name

• Contact Information for Your Business

• Industry Type

• Business Entity or Legal Structure

• Time in Business and Number of Employees

• Federal Tax ID

• Annual Business Revenue and Estimated Monthly Spend

• Total Annual Income.

How to apply for a card

Capital One processed your application immediately. You can also apply in person, by phone, or by mail. You may have to wait longer for opening hours or a lender's response. Here's how to apply for a credit card:

1. Analyze your credit reports;

2. Decide on the kind of credit card you require;

3. Get pre-approved for a loan;

4. Determine which approach to use and then carry out the appropriate steps.