Progress Credit Card | Variable Interest Rate Credit Cards

Because being responsible should be rewarding

34.9% APR

typical variable

A credit limit of up to £2,500
Shrink your rate to as low as 19.9% p.a. variable
All you need to do is keep up to date with minimum repayments and stay within your credit limit

Month	Interest Rate
1	34.9% p.a. variable
5	29.9% p.a. variable
11	24.9% p.a. variable
17	19.9% p.a. variable

We're more likely to accept you if:

You're used to managing your credit
You're over 18
You're on the electoral roll

We're not likely to accept you if:

You've had any CCJs or defaults in the last 12 months
You've never had credit in the
UK before

Please note that meeting these criteria
does not guarantee acceptance

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.

APR	Typical 34.9% APR variable
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 your balance in full, we will allocate your payments in the following category order: (a) fees, charges and expenses (b) interest (c) Payment Protection Insurance (d) transactions. Balances in each category will be repaid according to the interest rate that relates to them: First, promotional transactions and balances transferred during an initial period* which have a separate interest rate for the life of the balance will be repaid. Payments will be allocated to the balances with the lowest interest rate first. Next, balances with standard rates will be repaid. Payments will be allocated to balance transfers, then purchases, then cash withdrawals. Payments will be allocated to amounts that have already appeared on a statement before being allocated to new amounts. * The initial period is stated in your Credit Card Agreement.

Minimum repayment

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

Credit limit

Minimum credit limit

£100

Maximum credit limit

£2,500

Fees

No Annual Fee

Charges	Balance transfer handling fee	3%
	Foreign currency conversion charge	2.75%
	Cash withdrawal charge	3% (minimum £3.00)
	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, 30.34% for balance transfers and 30.34% for cash withdrawals.
Stay within your credit limit and make your payments on time and we'll reduce your purchase and balance transfer rates by 5% on your 4th statement and every 6th statement after that; until you reach 19.9% p.a. variable or your 22nd monthly statement, whichever is sooner.

Capital One Progress

Because being responsible should be rewarding

We're more likely to accept you if:

We're not likely to accept you if:

All our cards come with benefits

Apply now and
get a response
in 60 seconds

Capital One Progress

Because being responsible should be rewarding

We're more likely to accept you if:

We're not likely to accept you if:

All our cards come with benefits

Apply now andget a responsein 60 seconds

Apply now and
get a response
in 60 seconds