My husband had this card for over a year.... it was a simple process. You send in $49 which is placed into an interest bearing account and they send you a card with a relatively low credit limit. I don't remember the APR off the top of my head, though I think it wasn't a great one. We used it primarily to establish credit for my husband, as he paid the card off every month. The credit limit was raised every once in a while, though they would not negotiate a lower interest rate.I liked it simply for the fact that we knew we were paying off the card every month, and building up credit at the same time. It was mainly used as a "fun" card, if there is such a thing. I also don't remember if there was an annual fee or not. To us, it was worth the cost as an initial card.We received the offer in the mail, not over the phone, and when we were ready to close the account, we received the deposit back, with interest, in a very timely manner.I have no bad things to say against Capital One. As with any other card, be sure to mail off your payments in a TIMELY manner, as not to get stuck with late fees. I hope that helps a bit.Karen
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