answersLogoWhite

0


Best Answer

Capital One charges interest fees when the balance on the credit card is not paid in full each month. The user will cease to pay interest fees when the balance on the credit card reaches zero.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why does capital one charge interest fees?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Does capital one have monthly fees?

This question is pretty vague. It depends on if you're talking about a checking account, credit card, savings account, etc. Generally, Capital One does not charge fees for checking accounts, some of their credit cards have yearly fees, and most of their savings accounts do not carry monthly fees.


What interest rate does Capital One charge?

Capital one interest rates vary according to the type of card offered. Interest rates range from 10.9 to 24.9 percent depending on whether the card is Classic, Platinum, or Prestige.


Does Capital One offer a Visa card without interest?

Capital One offers pre-paid Visa cards that you are able to load money on yourself and then make payments. The beauty of this is that you do not have interest, and if you don't make a payment on time, you do not have late fees.


What are the fees associated with getting a one hour payday loan?

A set interest rate is applied to the amount loaned. The total fees may also include a creditors charge or lending fee as well as the set interest amount.


Is Capital One line of credit expensive?

The Capital One line of credit interest rate is reasonable when compared to similar providers. This is also when considering the various fees and charges applicable to the line of credit.


Is there a bank that is offering a 0 interest credit card?

The Capital One Venture credit card, Citi Platinum Select, Capital One Cash credit card and many others have a 0% interest rate. In many cases, this is for a limited introductory period. There may also be annual fees, late payment fees and other charges involved.


What is Capital one ATM fees?

It's depend on where you withdrawal the money! some account doesn't even charge foreign currency fee.


Where can I compare Capital One and other credit cards?

Go to Capital One website, look for their credit card section, it will tell you how much the interest rates are. All of the credit cards company they do charge very high interest rates.


Does Capital One prey on low wage earners so that they can jack up their interest rate?

Capital One offers many great incentives to their card which includes travel rewards, cash back points, and no annual fees. They have an initial zero interest, but then increases from about 11% to 18%,


Are there any service fees for Capitol One?

Capital One has various service fees depending on the type of service and type of account. Savings account, Premier Rewards Checking, and Rewards Checking have monthly service fees if a minimum balance is not met. Some of the credit cards also charge annual fees.


What are some credit cards that feature low interest?

Some credit cards that feature low interest fees are: Capital One Platinum Prestige Card, Bank Americard Visa Card, Discover It, Capital One Venture, Rewards Credit Card, Barclaty Card Ring Master Card.


What are some advantages of the Capital One Curling Platinum MasterCard?

The capital One Curling Platinum MasterCard, compared to all the other cards offers the lowest interest rates in the market. It is very convenient to use and does not require extra monthly fees if you talked to the right banker.