Capital One Student Credit Cards

by Mack Bartlett

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Capital One is a great provider for a lot of people with struggling credit. I suggest that you take a strong look at them if you are a student and you have had some bad credit in the past or just simply don’t have any credit history. Everyone starts from scratch. If you are in high school or college it is best if you can get some good history going before you buy the home and get the nice car or for future investments where credit is important like real estate or security systems.

Capital One has some solid rates for first time credit holders. Their range can be anywhere from the high teens to the low twenties in APR. This credit percentage can very. Understand that it isn’t fixed and even if it was, it would be probably for a few months and then the rates would alter. It also might be news to you that the interest is high, but you just have to be diligent with your payments. There are no annual fees,which is a nice plus. Some card companies can nail students with a lot of fees. This is a safe option that you won’t have to face a lot of hidden charges with.

For those that are trying to improve a lackluster credit then you will probably have lower interest rates by 5% then a new credit customer. Although if you are late on a fee, then expect your interest rates to double. They put bad credit customers on a short leash. If you are late you will also pay a fee anywhere between $20-$40. You will have to pay an annual fee, usually around $19. The credit limits for both of these types of cards will be between $300 to $3000. You probably have a better chance to get a higher limit if you have previous history, even if it is bad.

Capital One Student Credit Cards For Canada

These tend to be guaranteed credit cards, but they do have some hurdles that you are going to have to jump. It is interesting to see how Canada runs their credit cards compared to America for students and people with a challenged credit history. There is an annual fee of around $60 and a security fee for the account. This security fee is basically similar to many secured credit cards in America.

The interest rates are the same as a secured credit card too, around 20%. You won’t be able to get as high of a credit limit as an American student, the highest they offer is only $750 Canadian. Even with the currency rates that is still an advantage to the American student. Never the less, this is a great opportunity for a Canadian college or high school student to build a strong history or rebuild a shaky past.

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