Why People Love it
- Allows you to have a credit card even with bad credit; credit limit can increase after 5 months of on-time payments
- Money Under 30 says it’s a “Great basic credit card with no annual fee for applicants with average credit”
- Like many of the best Capital One credit cards on this list, there are no annual fees or foreign transaction fees
Application Process: More or less the same process as with the other best Capital One credit cards on this list—an easy online application.
Annual Fee: None, none, none! Isn’t it great?
APR: It’s 24.99%, regardless of your credit history.
Rewards and Redemption Options: Hate to break it to you, but there are none—besides the fact that you can use one of the best Capital One credit cards without a great credit history.
Bonus Offers: None, but many users are happy to have access to a credit card after a less-than-stellar past use history.
The main benefit of this credit card is the fact that it allows you to have a credit card even with bad credit. In a more general sense, it also offers the benefits of not having to pay an annual fee or foreign transaction fees while traveling.
This is a pretty no-frills credit card, so you’ll really only want to apply for it if you fit the bill of someone with lackluster credit history. It offers no rewards and a considerably high APR.
- Rated #5 in 5 Best Capital One Credit Cards