Capital One Progress Credit Card Review

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: - Month 1: 34.9% p.a. variable, Month 5: 29.9% p.a. variable, Month 11: 24.9% p.a. variable, Month 17: 19.9% 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.

Card Summary

Introductory
Balance Transfer Rate	N/A
Balance Transfer Period	N/A
Balance Transfer Fee	N/A
Transfers Must Be Made Within	N/A
Transfers to Current Account	N/A
New Purchase Rate	N/A
New Purchase Period	N/A
Standard
Typical APR (variable)	34.9% p.a.
Monthly Rate	2.53%
Interest Free Period on Purchases	56 days (maximum)
Cash Advance Rate	34.94% p.a.
Cash Advance Fee	3% (min £3.00)
Minimum Age	18 years
Credit Limit	£100-£2,500
Minimum Payment	SEE BELOW
Annual Fee	None
Foreign Exchange Fee	2.75%
Benefits
Cashback	N/A
Loyalty Point Scheme	N/A
Purchase Protection	YES
Travel Benefits	N/A
Other Benefits	N/A
Credit Card Issuer Information
Credit Card Issuer	Capital One
Merchant Network	MasterCard

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

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Capital One Progress Credit Card Review

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