Capital One No Hassle Premium Cash Rewards Credit Card Review

With the Capital One No Hassle Premium Cash(SM) Rewards Credit Card, you can receive an number of internet account related services and features. It’s comforting to know that you can also enjoy no liability for unauthorized transactions. Lost and stolen card reporting is available 24/7. Simply telephone the number on the back of your card. You also get travel and emergency assistance services at your fingertips. Travel accident insurance is a feature of this card as well as there is a program in place for extended warranties for purchases. If you are ever in a jam due to theft or loss you don’t have to worry about emergency card replacement as well. There is even a program for emergency cash replacement.

As far as rewards go, you get 1.25 miles for every dollar you spend on purchases. There are no miles expiration for the life of your account even! This gives you the freedom to fly any popular airline you desire, anytime you want, with no blackout dates or restrictions on seating. Capital One currently offers 5 different reward redemption options with this card. These options include travel, cash, merchandise, charitable donations, or gift certificates. You can also enjoy great savings of up to 40% on special featured deals and 10% on everything else at the Capital One Saving Zone on Yahoo! Shopping. With the card’s cash rewards program, you can select to get cash back for your miles instead of air travel. Cardholders can also redeem their miles for brand name merchandise and the latest electronics. If you are in a giving mood, you can even donate your miles to charity. A number of different types of goods and services are available via the gift certificate option.

You can also expect exclusive services from the Capital One No Hassle Premium Cash(SM) Rewards Credit Card that you wont find elsewhere like travel assistance service to help you with the small details that can be problematic with getting from here to there and back again. The roadside assistance program is second to none and could come in very handy in the event of a breakdown or road mishap.

The Capital One No Hassle Premium Cash Rewards Credit Card is intended for folks with excellent credit. If you have had a loan or credit card for at least five years, have a credit card with a credit limit greater than $10,000, have never been more than 60 days late on a credit card, medical bill, or loan payment, and have never declared bankruptcy, The Capital One No Hassle Premium Cash Rewards Credit Card might be right for you.

Please do note that at the time this review was written all the information presented was true and current to the best of my knowledge. Before you apply online for this, or any other credit card it is important to read the most current terms and conditions of the offer from the provider’s website or current literature.

This entry was posted on Monday, July 23rd, 2007 and is filed under Capital One. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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How Credit Scores Affect Mortgage Applications

With a good credit score an applicant will receive prompt response from many lenders, all of them offering low interest rates and low down payment options. The loan amount offered also may be high. On the contrary a low credit score would result in a lot of rejection from various mortgage financers. Because creditors wouldn’t come forward easily to give credit to individuals that have a history of difficulty in repaying existing loans. After all, creditors take risk when they finance mortgages against the credit history of a debtor. Naturally, they will wish to remain on the safe side and pick up less risky ones that have good credit histories. A good credit score means less chance of missing on payments and therefore less risky.

But there are some real risk takers that will come forward to finance mortgages for individuals with bad credit scores. They would charge high down payments and always high interest rates though. They may also fix additional charges for every little paper work and may charge high closing rates. The loan amount offered will also be considerably less. The individual with poor credit scores will not have much choice but to accept the terms and conditions as there are no other alternatives. This is a tight situation and to avoid this you must have a good credit score.

People with bad credit may fall in to the trap of ’secured loans’. Secured loans are the ones where the loan applicant offers an asset as collateral security. The lender becomes secure about the repayment of the loan and not the borrower. Securing a loan with bad credit score becomes easy only when the applicant is willing to offer some asset as collateral security. This again is a very dangerous situation where an individual runs the risk of losing his entire collateral asset in case of failing to pay the loan installments in time. An individual should always avoid such type of a loan.

Resort properties normally require large amounts of finance which a person with bad credit may find it difficult to obtain. So it is always advisable to keep your credit score high. Incase the credit score becomes low due to unavoidable financial reasons it can be improved upon. There is no need to lose hope simply because a person has a low credit score. If the property that he intends to buy has good equity he should go out and try to obtain finances for it. There are many sub prime lenders willing to offer their services.

For a review of your credit report as it relates to a mortgage loan and a consultation on the best loans available to you, give us a confidential, no obligation and no cost call.