Capital One Financial Corporation is an American bank holding company and is one of the largest banks in the United States. The company has always specialised in credit cards, but also offers auto loans, banking and savings accounts.
Capital One also operates in the UK, where it only offers credit cards. The company owns Luma, a credit card designed for those looking to build their credit score.
Capital One has only ever offered credit cards for consumers in the UK. Its business credit cards are only available in the US.
Many of Capital One’s consumer credit cards have a particular focus on building credit and are designed for those with low credit scores.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
If you’re looking for a business credit card, there are many alternative options to consider. We’ve outlined some of these below:
You can read more about these business credit cards and others in our guide.
In the US, Capital One offers a number of business credit cards under the name of Spark. These are outlined below:
To find the best business credit card, you’ll first need to decide what you need from it. For example, are you looking for a card with the lowest rates and fees? Or would you prefer to benefit from perks such as business rewards or business travel?
Once you’ve decided, you’ll then need to find the providers that offer the type of business credit card you’re after, and compare your options. Look for the credit card that offers the features you require but also factor in the APR, annual fees, foreign exchange fees and other perks before finalising your decision.
Once you’ve found your card, check that you meet the eligibility criteria before making your application. You might need to be an existing customer, for example, or meet a minimum annual turnover requirement.
As part of your application, you might be asked to provide contact details for yourself and your business, proof of identification, such as your driver’s licence or passport, plus information about your business income as well as any assets and liabilities. Make sure you have these details and documents to hand.
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