Capital One

CAPITAL ONE LAUNCHES NEW CREDIT CARD OFFERING 0% ON BALANCE TRANSFERS AND PURCHASES UNTIL 1st MAY 2008 A low 9.9% APR typical variable

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
• A low 9.9% APR typical variable
• 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

- ends -

Contact:

Notes to Editors:

 

Product terms and conditions:
Subject to status. UK residents aged 21+. Annual income £10,000+. 9.9% APR typical variable. Purchases and balance transfers 0% until 1st May 2008, then 9.94% p.a. variable. Balance transfers 1.7% fee.
 

About Capital One:
Capital One Financial Corporation trades on the New York Stock Exchange. In 1996 Capital One launched its first overseas operation in the UK offering credit cards, savings and loan products to UK customers. The UK Operations Centre for Capital One Bank (Europe) plc is located in Nottingham, where more than 2,000 Associates are based. Capital One is a top-ten credit card issuer in both the USA and the UK, with more than four million UK customers. Capital One's subsidiaries collectively have approximately 50 million managed accounts and $142 billion in managed loans. The Bank has won numerous industry awards for its products and services as well as accolades for its consistent work within the communities in which it operates.
 

Capital One has consistently provided market-leading consumer-lending products to its customers. In the UK Capital One was among the first credit card issuers to offer a 0% introductory purchase rate, combining this with one of the lowest 'go-to' rates on the market. Capital One is authorised and regulated by the Financial Services Authority.