Create Your Own Credit Card Deal with Capital One

Capital One just came up with do-it-yourself website, where you can create a credit card deal that really fits your tastes, financial condition and lifestyle! You can design a credit card that will be a perfect match for you!

Depending on your credit history you can choose among the basic benefits as well as additional rewards, interest rates on balance transfers and purchases and even pick a card with annual fee or without it! Simply indicate your credit level and go for it! Choose what credit card would you like to have: cash back card, rewards card, good credit card or may be you want to make another choice?

First of all you should choose your credit history: excellent credit history, good credit history or bad credit history.

According to Capital One bank, you have a good credit history in case

• you have been a credit card owner for more than 3 years;
• you have had a card with a limit above $5,000 and
• you have not been late on any of your payments (like credit card bills, medical bills or loan payments) for more than 60 days last year.

After you have chosen your credit history, you can make your choice! You can decide if you want to have 1% or 1.25% cash back on all purchases you make with your credit card! You can also choose to have points miles or hotel rewards on every dollar you charge with your plastic.

Once you have made your choice on basic rewards, many other options may change. In case you choose to get 2 miles with every dollar you spend, many additional benefits disappear! You can no longer get 0% APR for the introductory period and you will not be able to choose among other additional rewards. You will also have to pay an annual fee and your interest rate will be about 17%.

Luckily, it is not the best deal you can get. Fortunately, you can easily start all over and make another choice. If you choose to get 1 mile per every dollar you spend with your frequent flyer credit card you will be able to get other benefits like 25% annual bonus! If you choose this option, you will be able to get more free miles faster! Your card will come up with no annual fee, 0% APR on all new purchases until August, 2008 and you will be able to pick an interest rate (14.9% or 16.9%).

After you have chosen the card itself, you can choose its design. Capital One bank offers you to choose from its original logo or you can pick something special, for example, flag, an eagle, beautiful sunsets, flowers, animals and what not.

The better your credit history is, the more options you can choose! In case you have excellent credit history: have a credit card or a loan for more than 5 years, the credit limit on your card is greater than $10,000, you have never been late for more than 60 days on your payments and have never declared bankruptcy, you will be able to choose from a great variety of benefits!

So go ahead and create the best credit card for yourself with Capital One!