Capital One Luma Purchase Mastercard
Representative APR
35.9% APR (variable)
Purchases
0% for up to 3 months, then 35.94% (variable) p.a.
Balance Transfers
35.94% (variable) p.a. (3% fee)
Account Fees
£0
Representative Example:
At an assumed credit limit of £1,200, with a purchase rate of 35.94% (variable) p.a., most accepted customers get a rate of 35.9% APR (variable).
Editor’s Note: While we always aim to give you accurate product information at the point of publication, rates, prices, terms and promotions can always be changed by the provider afterwards and without notice, so be sure to double check first.
Our Verdict
The Luma Purchase card is a credit builder option that offers 0% interest on purchases for the first 3 months. It may suit individuals with limited or poor credit histories who want to spread the cost of initial purchases while working to build their credit profile.
Important: The information contained in this table summarises key product features and is not intended to replace any terms and conditions from the card issuer.
Product Features & Benefits
| Issuer | Capital One |
|---|---|
| Network | Mastercard |
| Primary Category | Credit Building |
| Loyalty Scheme | |
| Incentive on opening | 0% interest on purchases for up to 3 months |
| Cashback/Rewards (if applicable) | No cashback scheme |
| Account Fee | £0 |
| Purchases | 0% for up to 3 months, then 35.94% (variable) p.a. |
| Purchases Interest Free Period | 56 days |
| Balance Transfers | 35.94% (variable) p.a. (3% fee) |
| Balance Transfer Fee | 3.00% |
| Cash Advances | 35.94% (variable) p.a. (fees apply) |
| Minimum Credit Limit | £ 200.00 |
| Maximum Credit Limit | Subject To Status: £1,500 |
Fees & Charges
| Account Fee | £0 |
|---|---|
| Late Payment | £ 12 |
| Returned Payment | £ 12 |
| Exceed Limit | £ 12 |
| Duplicate Statement | £ 0 |
| Replacement Card | £ 0 |
| Trace Fee | £ 0 |
| Cash Withdrawal Fee | 3% |
| Cash Withdrawal Minimum Charge | £ 3 |
| Foreign Usage EU | 2.75% |
| Foreign Usage World | 2.75% |
Application Requirements
| Availability | Available to new customers. |
|---|---|
| Minimum Income | £ 0 |
| Minimum Age | 18 |
| Residency | Permanent resident in the UK. |
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34.4% Representative APR (variable)
Mintify Limited, trading as Mintify, is an Introducer Appointed Representative of Creditec Limited who acts as a credit broker, not a lender.
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