The benefits of using a credit card
If you want to buy something, there are plenty of ways to pay. But with all the benefits that come with using a credit card, we think it’s hard to beat.
What’s so great about credit cards?
There’s a lot that’s great about them.
On the surface, credit cards are compact and sleek (especially ours), but there’s more beneath the surface.
And we’re not just saying that because we’re a credit card company. When it comes to your financial goals, a credit card can play a pretty big role in how you reach them. And, they give you some added reassurance when you shop.
Building your credit history
Using your credit card responsibly can reward you in the future. By consistently paying off your balance in full and on time each month, you're helping to build a strong credit score. Your credit score is one of the things lenders care about when deciding whether or not to extend you credit.
Rewarding credit
It’s always nice to get something extra when you shop. Used responsibly, reward or cash back cards can help offset the cost of your purchases. You can redeem points for things like travel, gift cards or statement credits. It all depends on the credit card you choose, and the type of rewards you want.
Shopping and travelling with confidence
Some credit cards offer additional travel benefits and purchase protections. For example, all Capital One credit cards come with Price Protection Service, Baggage Delay and Zero Liability Protection. Conditions and limitations apply.
Managing your finances
Most credit cards come with digital tools to help you keep track of your spending. As a Capital One customer, you get access to our mobile app, which gives you a real-time view of your account including balance information and available credit. You can also sign up for alerts that notify you when a payment is due.
The bottom line
Used responsibly and with purpose, a credit card can add convenience, safeguards and more options to your financial journey. If you like the sound of that and want to learn more about money, budgeting and how to get the most out of credit, our blog’s got you covered.
* If Quick Check pre-approves a card, you can be sure we’ll approve your application, except in limited circumstances. Some of the reasons we may not approve your application, among others, include:
a. There’s been a change in your credit file information, personal information or financial status from the time you receive your Quick Check results to the time you apply for one of our credit cards.
b. You’re not at least the age of majority in the province or territory you live in.
c. Your application is flagged for fraud prevention.
d. You have an existing Capital One account.
e. You’ve applied for a Capital One account in the last 30 days or had an account with us that was not in good standing in the last year. In good standing means not past due, over limit, fraudulent, restricted, or part of a consumer credit counselling program or bankruptcy.
In some cases, we may not be able to open an account for you even though your application was approved. This can happen if we’re unable to verify your identity, or you don’t provide the required security funds if you’re approved for a Secured Mastercard®.