Capital One credit cards are not the best credit cards available. They do have some advantages though. You can earn a bonus when you use their card to purchase merchandise and services from specific vendors, but that's it. In essence, you're only paying out the interest payments on that merchandise. You don't get any extra credit or cash back on that one.
Credit cards that earn you some incentive points but don't pay you off with interest do have one big advantage over them. Those little “spark” dollars add up to real cash quickly. They also add up to your credit score. It's really the best of both worlds. It's just more work to earn those “spark” dollars.
The best capital one credit card is the one that offers you a credit card with no annual fee even if you don't use their card to purchase anything. That's why they call them the best. It allows you to build credit responsibly. You will be able to pay off your debt quicker as long as you pay your bills on time.
The best thing about this particular credit card for anyone with poor credit is that you actually have to pay money each month in order to use it. You have to pay a deposit that ranges anywhere from three hundred to five hundred dollars. This is usually an upfront fee that has to be paid. If you have less than perfect credit, though, you can transfer your balance to an unsecured Mastercard for a reduced interest rate.
This company does have a couple of other credit cards. One is a secured Mastercard with a one or two percent interest rate. Another one is a prepaid debit card. Either way, though, you still have to pay interest. Some people have found that they actually have to pay higher rates with the secured Mastercard than the prepaid debit card because the secured cards are backed up by funds already deposited into a savings account, which decreases the risk of fraud.
This verdict should help you decide whether or not this is the right brand of credit card for you. If you have bad credit, though, this is probably not going to be the answer for you. Instead, talk to someone at Capital One if you need help finding a card to get. They will be able to give you some advice on what is available to you. Whether you have capital one debit or a secured Mastercard, you should be able to find a way to take advantage of the deals being offered to you.