Description: The article is about credit one bank login. The author gives a brief review on Capital One 360. She talks about the advantages and disadvantages of Capital One 360 credit card. You can gain a deep understanding of the Capital One 360 credit card by reading this article.
Today I want to do a review on Capital One 360. I am so excited to do this review. I get lots of questions about this on Instagram. It’s the best way to set up sinking funds,it’s the best way to save. I always hear questions about that.
I’m always telling people about the bank itself but I haven’t formally made a review about that,it’s going to be a formal review of the financial institution so that you are aware of the pros and cons and you can make an educated decision on your own.
If you choose to open up an account with Capital One 360,I will leave a referral code in the description box,if you use a referral code in the description box,Capital One will give you $25 for opening the account. I think I will get something. Let’s use the referral code,that should give you $25,it’s free.
I have been using Capital One,I have one card for our sinking funds. I also have several savings accounts with capital one. The first pro is that Capital One does not charge any fees to maintain an account with their institution,you don’t have to have a minimum amount of money in the account,this is awesome,there are no fees.
The second thing is that Capital One does not require you to maintain a minimum amount of money in each account,that is awesome because if you’re using these accounts of seeking funds,you don’t have the stress of saving a certain amount of money in the account at all times.
The third Pro is that Capital One allows you to have multiple accounts,they allow you to have up to 25 accounts which is amazing. If you have a lot of money,you can break those accounts down into the mini accounts,you can even nickname them,that’s awesome. You can have vacation fund. You can pick your account name,you can put it on there and you’re good to go.
Next I am going to talk about the Capital One application. The Capital One application is very convenient,it provides scanning capabilities,you can do that through the application. You can use their applications on your cell phone. Another Pro is that Capital One allows easy transfer ability from each account. If I have money in my account,I can use the application and transfer the money from the money market account into a checking account.
I can swipe the card or make the money out,I love that,that’s definitely a pro. Apart from those online things,they have branches,they have brick-and-mortar branches in your area,they are not in all areas. I live in the Houston area and there are several Capital One branches around me.
For other online banks,they don’t have brick-and-mortar buildings that you can go into. I can go into the bank,I can go into the bank and talk to a person,I absolutely love that. It is very grateful. My number one Pro for Capital One is the interest rate.
They have interest-bearing accounts,they have the best interest rates on their accounts. For their check account,it is 0.75,it is way better than any other account that you’re going to use. You can look this up for yourself,you can look at Bank of America,Wells Fargo or Chase.
You’re going to find that it has the best interest on their money market accounts,their money market account interest goes up to one point four zero,all that money is going to sit in an account. If you have a lot of money,that money starts to add up and roll over.
That money is rolling over,that is definitely definitely the best thing about Capital One. They have the best interest in the market,I have told you about the awesome things,but this would not be a good review if I didn’t tell you about the bad things. Depending on where you’re located,branches might be limited.
I have told you about the awesome things but this may not be a good review if I didn’t tell you about the bad things. Depending on where you’re located,branches might be limited,the actual brick and mortar building that I’m harped on depends on where you live.
You may can’t find them at the place you live. You can use the Google Maps and type in Capital One and see what pops up. You will be able to make the determination whether or not you have branches available in your area. The second con is when you’re transferring,it can be a bit of a headache.
The first thing is that you definitely have to initiate the transfer from the capital 160 side,do not do it from your home institution such as Bank of America. There’s a possibility that you will be charged a fee. That fee can be anywhere between three to seven dollars depending on your financial institution.
Another thing we’re talking about financial institutions is that for some people it may make sense to have another bank as your home institution such as Bank of America or Chase,because the brick-and-mortar are not being the actual institution that you can go into. If you can have a checking account with Capital One and can direct deposit and do all of your banking online,even if you don’t have a actual brick-and-mortar Capital One nearby,that’s fine.
But you’re not going to be able to go into an actual institution and talk to someone if you need to. I have Bank of America as well. I’ve had them since I was 14 years old,they haven’t broken that relationship. Transferring from Bank of America to capital one can possibly cost me money.
Number two is another con,when I do that transfer,it can take a lot. My main gripe with Capital One is how long it takes to transfer. It can take anywhere between three and seven days. When I was first starting a capital one,it was a headache. My main con with them is the transferring from one institution to another.
If you’re transferring in Capital One,you can see the money instantaneously,but if you’re transferring from another institution,it can take a while. Those are all of my review,you can see the pros are far outweigh the cons.