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Credit card for those with a poor credit rating

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    Credit card for those with a poor credit rating

    http://www.capitalone.co.uk/creditca...assic-card.jsf

    No Annual Fee
    Up to £2,500 in spending power
    Credit Limit Increase - Manage your account well † and we'll increase your credit limit on your 4th statement.
    A FREE choice of card design
    Spread your payments
    34.9%APR typical variable


    That should help people?

    #2
    Free choice of card design !!!! wow all those waynes and waynettas out there would live that..
    The proud owner of 125 Xeno Geek Points

    Comment


      #3
      Originally posted by chef View Post
      Free choice of card design !!!! wow all those waynes and waynettas out there would live that..
      ...and the 34.9%APR typical variable will make sure the pawn shops are well stocked for the next few years.
      And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

      Comment


        #4
        Unfortunately people are so addicted to credit there will be no shortage of up takers.
        Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave Johnson

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          #5
          If you thought that was high check these guys

          http://www.vanquis.co.uk/home/Vanquis_Visa_card.aspx

          *Typical APR... I've seen them advertising 59.9% on there once, justified if you are classified higher risk, etc..
          The cycle of life: born > learn > work > learn > dead.

          Comment


            #6
            Isn't this precisely what got the world into the tulip in the first place?
            And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

            Comment


              #7
              Contracted for Capital One a few years back so dull. Interestingly none of the permies (sorry "associates") I worked with had a Cap One credit card, even though they got a special rate.

              Says something when they dont even take up their own product

              Comment


                #8
                Originally posted by chris79 View Post
                If you thought that was high check these guys

                http://www.vanquis.co.uk/home/Vanquis_Visa_card.aspx

                *Typical APR... I've seen them advertising 59.9% on there once, justified if you are classified higher risk, etc..
                "No annual fee" bargain!

                It's the 2% minimum payment that traps people in debt, I reckon there should be a sliding scale where a card that has an interest rate of say 20% should have a minimum payment of say 10%, a card with 30% should have 15% minimum. Not as profitable for the CC companies but it would make for more responsible lending and borrowing.

                I'm not sure if it still applies but Portugal used to have a law where the minimum payment was 15% of balance no mater what the rate.
                Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave Johnson

                Comment

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