Capital One launches credit card offering 0%

Capital One is launching a new credit card with 0% on both balance transfers and purchases until 1st May 2008. After this date holders of the new Platinum card will also benefit from a competitive 9.9% APR typical variable.

Capital One card customers will also be able to benefit from a newly updated ID Theft Service launched this month. The service helps customers protect themselves against the perils of ID theft as well as helping them ‘pick up the pieces’ if they do encounter the problem. It is the only service of its kind to provide a named advisor for free to provide help at every stage of the recovery and resolution process.

Justin Basini, Head of Brand Marketing, Capital One said: “This new Platinum card offers customers excellent rates for both balance transfers and purchases and coupled with our newly updated ID theft service is one of the best offers available in the market. It gives great all round value and is ideal for both those who want to transfer a balance as well as those who want to use their card to make new purchases”

In summary, the features of the new Platinum card are:

0% on balance transfers until 1st May 2008
0% on purchases until 1st May 2008
1.7% balance transfer fee (this is one of the lowest balance transfer fees in the market)
Free ID theft service with a named advisor to assist