Capital One offers flexible and affordable financial products, including used and new vehicle loans, mortgages, small business and personal accounts, and credit cards. There are secured and unsecured cards for customers with different income levels and credit rating.

Credit Rating and Options

Customers are asked to provide information such as their estimated gross income, physical address, and SIN. Applicants with stellar credit are offered premium cashback, travel, and low interest cards. Platinum Prestige and Venture Rewards require stellar credit while the Platinum and Classic Platinum cards are offered to applicants with average credit. There are also cards that help borrowers to rebuild their credit, but they are usually offered secured versions. With secured credit cards, customers make refundable deposits and benefit from low annual fees. The deposit actually serves as collateral because borrowers with poor credit often have a history of delinquent accounts and foreclosures, which makes them high risk borrowers. Consumers with bad credit improve their score and chances to qualify for unsecured cards. Late and missed payments and delinquencies affect the score.

Consumer and Business Cards

Bank customers are offered plenty of options, including cards for average, excellent, and building credit. There are three business cards with welcome bonuses, no balance transfer fees, extra miles, customized spending limits, and a lot more. Miles can be exchanged for travel and airfare, gift cards, cash rebates, merchandise, and more. Secured and student cards are good options for customers who are new to credit. There are student cards with variable APR and long grace periods. Customers are also offered the PlayStation card that features points toward music and PlayStation games. The bank also offers competitive rate credit cards with rates starting at 10.9 percent and loyalty programs that feature bonus miles, interest-free periods of 25 days, no foreign transaction fees, no annual fees, and other beneficial features. To attract new customers, Capital One offers cards such as Quicksilver Rewards that go with no annual and transfer fees and zero introductory interest. Capital one secured credit card is designed for small, daily purchases and bills, including discretionary, flexible, occasional, and regular expenses. Most credit cards help cover household expenses such as school lunches, meals out, property rent, child care, and others. Loans and home equity lines of credit, on the other hand, are designed for large purchases such as second homes, new and used vehicles, and others. Business and consumer loans by Capital One help finance large purchases and investments such as machinery, real estate, and other long-term assets.