Capital One Classic

Get control over your finances with our low-limit, easy-to-manage credit card

Before you apply, check you're eligible

We're more likely to accept you if:

You're over 18
You have some history of managing
your credit even if you have had CCJs
or defaults in the past
You are on the electoral roll

We're not likely to accept you if:

You've never had credit in the
UK before
You have been declared bankrupt
in the last 12 months

Please note that meeting these criteria does not guarantee acceptance

The interest rates per annum are variable. Credit is available subject to status and conditions. If you have applied for a Capital One card in the last six months your application may be declined. If you already have a Capital One card or if you are not a UK resident please do not apply.

For more information read the Pre Contract Information and the full Credit Card Agreement.

Key features of your Capital One credit card

SUMMARY BOX
The information contained in this table summarises key product features and is not intended to replace any terms and conditions.

Representative Example

34.9% APR representative variable
34.94% p.a. variable on purchases
£1,200 assumed credit limit

Interest Rates

	Introductory Rate	Monthly Rate	Annual Rate
Purchases	N/A	2.53%	34.94%*
Cash withdrawals	N/A	2.53%	34.94%*
Balance transfers	N/A	2.53%	34.94%*

Interest free period

Maximum of 56 days for purchases where the balance is paid in full every month
0 days for balance transfers and cash

Subject to any interest free period that may apply.

Interest charging information

No interest is payable on purchases if you pay in full the outstanding balance on your first statement by its payment due date. No interest is payable on purchases on subsequent statements if the outstanding balances on your current statement and the previous statement are paid in full by their respective payment due dates.

Otherwise the period over which interest is charged is as follows:

	From	Until
Purchases	Posted date	Paid in full
Cash Withdrawals	Posted date	Paid in full
Balance Transfers	Posted date	Paid in full

Allocation of payments

Unless you pay the outstanding balance in full, we will allocate your payments to balances which attract the highest interest rate first.

We will always allocate your payments to any amounts which have already appeared on a statement before allocating your payments to any amounts subsequently applied to your account.

Minimum repayment

The monthly credit card 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

Credit limit

Minimum credit limit	£200
Maximum credit limit	£1,500

Fees

No Annual Fee

Charges

Balance transfer handling fee	3%
Foreign currency conversion charge	2.75%
Cash withdrawal charge	3% (minimum £3)
Copy statement charge	£3 (maximum £10 per request)

Default charges

Late and Failure to Pay Default Sum	£12
Returned Payment Default Sum	£12
Overlimit Default Sum	£12
Returned Credit Card Cheque Default Sum	£12.00

*The simple interest rate is 30.34% for purchases, balance transfers and cash withdrawals.

PRE-CONTRACT CREDIT INFORMATION

(Standard European Consumer Credit Information)

1. Contact details

Creditor. Address. Web address.	Capital One (Europe) plc PO BOX 5282 Nottingham NG2 3FB www.capitalone.co.uk

Creditor.

Address.

Web address.

Capital One (Europe) plc

PO BOX 5282 Nottingham NG2 3FB

www.capitalone.co.uk

2. Key features of the credit product

The type of credit.
The total amount of credit. This means the amount of credit to be provided under the proposed credit agreement or the credit limit.	We will determine your credit limit when we open your credit card account and let you know what it is when we send you your first card. From time to time we may review and change your credit limit. We will let you know if and when your credit limit changes.
How and when credit would be provided.	If you are approved for a Capital One credit card, we will open your account and send you your PIN and credit card. We will also issue a credit card for any extra cardholders we authorise. We may also issue credit card cheques. The person named on the credit card or the credit card cheques can make purchases or cash withdrawals. Only you, and not the extra cardholder, can make balance transfers.
The duration of the credit agreement.	Your agreement has no fixed or minimum duration.
Repayments.	All monthly payments are due by the date stated in your monthly statement, a date usually 26 days after the statement date. Your monthly payment will be the full outstanding balance if it is less than £5, but otherwise the greater of: (a) 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 (b) £5
Your repayments will pay off what you owe in the following order.	Unless you pay the outstanding balance in full, we will allocate your payments to balances which attract the highest interest rate first. We will always allocate your payments to any amounts which have already appeared on a statement before allocating your payments to any amounts subsequently applied to your account.
The total amount you will have to pay. This means the amount you have borrowed plus interest and other costs.	£1,406.22 This total amount payable is for illustrative purposes and assumes a credit limit of £1,200.
Security required. This is a description of the security to be provided by you in relation to the credit agreement.	Not applicable as we will not charge you a security deposit for this credit card.

3. Costs of the credit

The rates of interest which apply to the credit agreement

Interest rates		Introductory Rate	Annual Rate
	Purchases	N/A	34.94% variable
	Cash withdrawals	N/A	34.94% variable
	Balance transfers	N/A	34.94% variable

Interest is charged from the date a transaction is debited to your account until repayment. However, no interest is payable on purchases if you pay in full the outstanding balance on your first statement by its payment due date. No interest is payable on purchases on subsequent statements if the outstanding balances on your current statement and the previous statement are paid in full by their respective payment due dates.

We may, for any valid reason which we will notify to you, change any interest rate which is stated to be variable or the way in which interest is charged or calculated. Examples of why we may make changes to your agreement include, but are not limited to:
(1) changes in your circumstances and the way you use your account, your credit score, or our increased or decreased credit risk;
(2) changes in our funding costs or other costs of administering credit;
(3) to provide additional credit or other services;
(4) to reflect changes in banking or lending practice, or to meet our legal or regulatory obligations;
(5) to correct errors, omissions, inaccuracies or ambiguities;
(6) to reflect changes in our systems and processes or the introduction of new technology.

We will give you at least 7 days' written notice of any change to your advantage and at least 30 days' written notice of any change to your disadvantage. If we increase any variable interest rate we may permit you to pay off the outstanding balance at the interest rate which applied before the increase takes effect. You will have to pay at least the monthly payment each month.

Annual Percentage Rate of Charge (APR).

This is the total cost expressed as an annual percentage of the total amount of credit.

The APR is there to help you compare different offers.

34.9% APR variable

The following assumptions have been made to calculate the APR:

we assume that you borrow £1,200;
interest is charged at the standard purchases rate (ignoring any applicable lower introductory rate); and
you repay your balance over one year in twelve equal monthly instalments (which include interest and any applicable charges).

In calculating the APR no account has been taken of any variation which may occur under the agreement of the rate of any item entering into that calculation.

The APR has been calculated using the interest charged at the standard purchase rate. If the Balance Transfer or Cash Withdrawal rates were used to calculate the APR then the figure may be higher.

Related Costs

Charge for using a specific payment method.

Not applicable as we will not charge you for making repayments to your credit card account.

Any other costs deriving from the credit agreement.

Annual membership Fee	£0
Cash withdrawal handling fee	3% Minimum £3
Foreign transaction fee	2.75%
Balance transfer handling fee	3%
Copy statement fee	£3 (maximum £10 per request)
Returned payment default sum	£12
Overlimit Default Sum	£12
Returned credit card cheque default sum	£12.00

Conditions under which the above charges can be changed.

All charges are variable. We may, for any valid reason which we will notify to you, also remove or introduce additional reasonable charges from time to time. If we do this, we will let you know. We will give you at least 7 days' written notice of any change to your advantage and at least 30 days' written notice of any change to your disadvantage. Some examples of why we may make changes to the charges payable under the agreement are set out in "Section 3 - Costs of credit", in the part dealing with the rates of interest which apply to the credit agreement.

Costs in the case of late payments.

You will be charged £12 if we do not receive your minimum payment by the due date shown on your monthly statement.

Consequences of missing payments.

Missing payments could have severe consequences. For example it could make obtaining credit more difficult, lead to your account being defaulted and potentially to legal proceedings being commenced against you.

4. Other important legal aspects

Right of withdrawal.	You have the right to withdraw from the credit agreement before the end of 14 days beginning with the day after the day on which you receive your card and a copy of the concluded agreement.
Early repayment.	You have the right to repay the credit early at any time in full or partially
Consultation with a Credit Reference Agency.	If we are unable to approve your credit card application on the basis of a consultation with a credit reference agency, we will provide you, free of charge, details of the credit reference agencies consulted. We will not do this where providing you with this information is prohibited by European Commission law or is contrary to objectives of public policy or public security.
Right to a draft credit agreement.	You have a right to receive a copy of the draft credit agreement, free of charge, when you ask, unless we are unwilling to proceed to the conclusion of the credit agreement at that time. You can also view a copy of the draft credit agreement on our website at www.capitalone.co.uk.
The period of time during which the creditor is bound by the pre-contractual information.	We reserve the right to withdraw or alter our credit card products at any time without notice.

5. Additional information in the case of distance marketing of financial services

(a) concerning the creditor
Registration number.	Consumer Credit License number is 489354 Company number is 3879023 Financial Services Authority register number is 204440.
The supervisory authority.	The Office of Fair Trading
(b) concerning the credit agreement
The law taken by the creditor as a basis for the establishment of relations with you before the conclusion of the credit agreement.	English law.
The law applicable to the credit agreements and/or the competent court.	Capital One credit agreements are governed by English law and any disputes regarding the credit agreements may be referred to English courts.
Language to be used in connection with the credit agreement.	The credit card agreement and all communications in connection with it will be in English.
(c) concerning redress
Access to out-of-court complaint and redress mechanism.	Details of our complaints procedure can be obtained by writing to the following address: The Manager, Executive Office, Capital One (Europe) plc, PO Box 5281, Nottingham NG2 3FA. You also have a right to complain to the Financial Ombudsman scheme.