Capital One more than just credit cards

Credit has been around for decades and although the means of gaining credit has changed over the years the idea behind it hasn’t. If you see an item that you don’t have the ready cash for, you can buy it on credit and pay for it later in agreed instalments. Interest is charged for allowing you to buy now and pay later. Capital One have produced a video that will guide you through all the different kinds of credit available.

A bank overdraft is very simple kind of credit. You bank determines a pre-set amount that you can spend up to once you have no money left in your account. This is then paid back in pre-arranged instalments or one lump sum. Charges are applicable for this kind of credit and the fees will be displayed in your bank.

Published for Capital One