Capital One matching credit cards with the customer

We have all heard of credit and the vast majority of us will have, or have had, some kind of credit. The idea remains the same, you buy now and pay later. Your monthly repayments are clearly shown when you sign your credit agreement and the total amount payable is the price of your purchase plus any interest payable. There is a video to guide you through the credit minefield and help you make informed decisions.

The simplest kind of credit, and one of the most popular is the bank overdraft. This allows you to spend money even if you have none in your account. An authorised overdraft will tell you how much you can spend up to and how it will be repaid. Fees and charges are normally applicable for this facility.

Courtesy of Capital One