Capital One will try to provide a decision within 60 seconds of completing the online application. If additional information is needed, however, the application process can take 7 to 10 business days.
Yes, for those with fair credit (580 to 669). While it doesn’t offer cash back rewards, it has no annual fee and reports payments to all three credit bureaus.
Capital One does report payments to all 3 credit bureaus (Equifax, Experian and TransUnion). With on-time payments, your credit score an improve.