Don’t miss out on the great Capital One Platinum credit card offer

UK (SANEPR.com) July 4, 2008 -- At the beginning of June, Capital One launched one of the longest interest-free credit card offers the market has seen in a couple of years. However, consumers could miss out if they do not act on it soon.

The Capital One Platinum credit card is offering 0% on purchases and balance transfers until 1 September 2009. This means that those credit card customers who signed up for the card in the first week of June will definitely benefit from around15 months 0% APR on balances they have transferred from other cards and any new purchases they make.

However, we don’t know when this offer is going to end and it could be that the longer people wait to apply for this offer, the shorter the interest-free period they will receive. If someone applied for the card today they may only receive 14 months 0% on balance transfers and purchases.
A spokeswoman for compareandsave.com commented: “Over recent months, consumers have been crying out for a 0% offer of equal length on both balance transfers and purchases and Capital One has responded to them.

“With the credit crunch taking hold and the recent increases in fuel, food and energy prices, the Capital One Platinum credit card offer is set to save someone with the average credit card balance and the average APR around £300 in interest charges over the course of the interest-free period. This is a substantial amount at a time when consumers are having to tighten their belts.

“Shockingly, according to the British Bankers’ Association, as of April 2008, 73.0% of credit card balances are currently bearing interest charges so there are plenty of consumers out there who set to benefit from this offer,” she added.
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For further information contact:
Emma Skinner – Editor
Tel: 0207 195 1967
Email: emma@compareandsave.com

Notes to editors

• According to Moneybasics UK, the average credit card balance in July 2007 was £2200
• 2According to Credit Action’s July 2008 Debt statistics, the average APR is currently 17.5%

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