Capital One No Hassle Rewards Student Credit Card

In 1988 Nigel Morris and Richard Fairbank founded Capital One. The core focus of Capital One was to provide consumer loans such as credit cards, home loans, auto loans as well as banking and savings products. In addition, Capital one was one of the first mass marketers of credit cards. They began this mass marketing in the early 1990s. The Capital One No Hassle Rewards student credit card is an excellent choice for students those with limited credit history.

Capital One has established itself as a significant player in the credit card market. Students will be happy to take advantage of the many features that this credit card has to offer. 0% interest until June will give cardholders a chance to save money on purchases they make with their credit card. Charge your books on your Capital One No Hassle Rewards student credit card and avoid paying any interest until June. This 6 month no interest policy applies to all purchases made during the introductory period.

The Capital One No Hassle Rewards credit card also has an excellent rewards program. Cardholders can earn 1% cash back for all charges made on their Capital One credit card. This is a great way to save money as well. Use your credit card where you spend the most money like at grocery stores or gasoline stations. Should you spend $5000 throughout the year on your credit card, you will earn $50 back in rewards cash. Furthermore, there is no limit to the amount of cash back rewards that you can earn. In addition, you will earn a 25% bonus based on your previous years cash back earnings. Furthermore, there is no limit to the amount of cash back that you can earn. There is also no time limit to redeem your rewards nor is there a limit that you must meet before you can withdraw that rewards cash. Also trade you rewards points for gift cards as well.

Another major advantage to this Capital One student credit card is that it protects its customers against liability relating to fraud. You will have $0 liability should your credit card be stolen from you and used before you are able to report it. By law credit card issuers can hold their customers up to $50 responsible for fraud. Capital One goes the extra mile and does not put any responsibility on the cardholder.

Students also pay a 3% fee for all cash advances they make on their Capital One Rewards No Hassle student credit card. The only disadvantage to your cash withdrawal is that the minimum fee will be $10. Therefore should you withdraw a small amount of cash like $30 you will be billed $10 for that transaction. Should you withdraw a larger amount like $400 your fee will be 3% of the withdrawal which equals $12. It makes more sense to use the cash advance only when you need to withdraw a relatively large amount of money.

Students should also be aware of additional fees that Capital One charges for late payments and for going over your limit. The late fee is usually calculated on the amount of your outstanding balance. The fee is $15 for outstanding balances between $0 and $99.99. A fee of $29 is applied to all outstanding balances that are between $100 and $249.99. For outstanding balances of $250 or more, a $39 late fee is applied. Over the limit fees are also based on your credit limit. A fee of $19 is charged for going over your limit should that amount fall between $0 and $499.99. Should your credit limit be within the $500 to $999.99 range then your over the limit charge will be $29. For credit limits of $1000 or more it will cost you $39 to go over the limit.

The Capital One No Hassle Rewards student credit card is an excellent credit card to build your credit history. Cardholders will be very pleased with the rewards programs offered as well as the 0% 6 month introductory fee. Students who are approved for the Capital One credit card will ultimately benefit from using this credit card.

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Choosing the Right Credit Card

Choosing the right credit card in today’s environment can prove to be a challenging task for many consumers. There are literally too many offers to choose from without the right guidelines. Consumers can choose from all types of credit card offers these days. Card issuers are marketing all sorts of credit cards for every occasion. There are all sorts of rewards credit cards, bad credit card offers, business credit cards, low interest credit cards, balance transfer cards and even student credit cards to choose from. Follow these guidelines and you will be sure to find the perfect card to suit your needs.

You credit rating is first thing any potential credit card applicant needs to assess before applying for a credit card. Knowing your credit score will give you insight into what credit card offers you will be able to qualify for. There are many ways to find out your current score. You can purchase credit monitoring software that will notify you on a regular basis your credit score. They will even notify you when your score is downgraded. This is very good information to know in this era of identity theft in which we currently live. You can also contact any one of the three credit bureaus; Equifax, TransUnion and Experian. Their phone numbers are listed on the “Credit Report” section of this website. Knowing your credit rating will give you a realistic idea as to what credit card you should be applying for. If you have bad credit, then you will more than likely qualify for a bad credit card offer then a credit card the requires good credit.

Once you have determined your credit score, you can decide what category of credit card you are looking for. If you are a student, then a credit card geared towards students would best suit your needs. These cards offer college students the ability to build credit history. College students can take advantage of the many card offers available to them. Those who show accountability will be granted larger credit limits as responsible spending habits are demonstrated. Should you have bad credit, you might consider obtaining a secured credit card. Secured credit cards require a deposit in case of cardholder default. As with student credit cards, those responsible card holders will be granted additional privileges as good credit is established.

Narrow down your card choice once you have determined which category of credit card suits you best. Compare the features of about three to five different card offers. Obviously, you want to find one that is going to help you save money. Any credit card can help you save money. It is just a matter of using your credit cards responsibly. Always be on the lookout for interest rates and introductory offers. If you have good credit you will more than likely qualify for a lower interest rate card. However, many credit card companies offer very low interest rates as teaser offers. Once the introductory period is gone, interest rates are increased. Introductory periods usually last only 6 months to a year. These rates can be used to your advantage should you make a large purchase or transfer a balance from another card. Pay the balance within the introductory period and you might even get away with paying 0 interest. Many credit card offers also offer a rewards program based on how much you spend. Choose which credit card offers the best rewards program that suits your lifestyle. Frequent travelers have a variety of cards to choose from that reward spending with airline miles. Use these miles on your next vacation and save money.

In all, choosing the right credit card can be a tough decision without the proper resources. Card issuers bombard us with credit card offers claiming to be the best card. Cardholders can compare credit card features among different cards by using an online resource center such as CreditCardsMadeSimpe.com. Be sure to choose a card category that suits you best. If you are enrolled in a community college with little credit history do not apply for a business credit card. Chances are, you will not get approved. There are student cards available for people just like you. In all, be sure to choose a credit card that will suit your credit rating and lifestyle the best.

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