Capital One Progress is the new credit card that can shrink your interest rate to as low as 17.9% p.a. variable.

Designed for customers with a good credit rating, the card rewards you for being responsible by reducing the interest rate you pay at set intervals. All you need to do is keep up to date with minimum repayments and stay within your credit limit.

You are not likely to be accepted for the card if you've had any CCJs or defaults in the last 12 months or you've never had credit in the UK before.

Be rewarded for everything you buy with the Capital One World MasterCard exclusively for customers who have a perfect credit history.

With no limits cashback you can earn 1% on everything you buy plus a £10 bonus credit every January to say thanks for choosing Capital One.

An annual fee of £18.00 applies. Applicants should have a good credit rating and are more likely to be accepted if they are aged 21 or over, a homeowner, have an annual income of more than £20,000 and credit card balances of less than £10,000.