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Capital One Progress Credit Card Review

Capital One Progress Credit Card

The Capital One Progress Credit Card has been designed to reward you with lower interest rates, provided that you maintain your account in good order over a period of time; every 6 months Capital One will reduce your interest rate by 2%. So by month 36 you will be left with a rate of 17.9% p.a. Variable. For full details of this offer, see the Capital One website.

You'll need to have a good credit rating to apply for the Capital One Progress Credit Card. If you do not meet the acceptance criteria, then you may like to consider the Capital One Classic Credit Card.

Apply Now for a Capital One Progress Credit Card

Card Summary

Introductory
Balance Transfer RateN/A
Balance Transfer PeriodN/A
Balance Transfer FeeN/A
Transfers Must Be Made WithinN/A
Transfers to Current AccountN/A
New Purchase RateN/A
New Purchase PeriodN/A
Standard
Representative Example APR (variable)29.9% p.a.
Cash Advance Rate29.94% p.a.
Credit Limit£1,200
Monthly Rate2.21%
Interest Free Period on Purchases56 days (maximum)
Cash Advance Fee3% (min ?3.00)
Minimum Age18 years
Minimum PaymentSEE BELOW
Annual FeeNone
Foreign Exchange Fee2.75%
Benefits
CashbackN/A
Loyalty Point SchemeN/A
Purchase ProtectionYES
Travel BenefitsN/A
Other BenefitsN/A
Credit Card Issuer Information
Credit Card IssuerCapital One
Trent House
Station Street
Nottingham
NG2 3HX
Merchant NetworkMasterCard
Apply Now for a Capital One Progress Credit Card

The monthly payment is:- the full outstanding balance if it is less than £5, but otherwise the greater of:

  • An amount equal to the total of (i) 1% of the outstanding balance on your account; (ii) interest applied to your account in that month; (iii) all Default Sums incurred in that month; and (iv) one twelfth of your Annual Fee, or
  • £5

Benefits include (some conditions may apply)

  • An online response within 60 seconds, when applying
  • Identity Theft Protection
  • Online account management with paperless statements
  • Purchase protection insurance
  • Free Equifax credit reports
Apply Now for a Capital One Progress Credit Card