Capital One has launched its best ever fixed credit card deal, offering a low rate of 8.5% on both balance transfers and purchases, guaranteed until summer 2012.
 

The new product is designed to offer customers simplicity and peace of mind by giving them a single, low fixed interest rate on purchases and balance transfers that stays the same until 1 August 2012. Customers can be reassured that all their new purchases will be charged at a highly competitive rate until summer 2012 and they don't have to worry about their rate increasing.
 

Srini Gopalan, Head of Capital One in the UK said: "This new card offers customers great value and takes away the headache of avoiding higher rates when an introductory rate expires. At a time when prices are going up everywhere, we want to offer our customers the certainty of knowing that the cost of any purchases and balance transfers will stay the same until 2012."
 

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

• 8.5% p.a. on balance transfers and purchases guaranteed until 1 August 2012
• No balance transfer handling fee
• Free identity theft service with a named advisor to assist
• A low 8.5% APR typical variable

 

For further details, please contact:

Sally Camm / Becky Paterson
Capital One
0115 843 3676 / 6484

Eddie Buckley
Lexis PR
020 7908 6515
 

Notes to Editors

Product terms and conditions:

All applicants must be aged 21 or over, resident in the UK and receiving an income of more than £10,000 per annum. Credit is available subject to status and conditions. New customers only. From 1st August 2012 the rate for purchases and balance transfers may change.

 

About Capital One:

A Fortune 500 company, Capital One Financial Corporation trades on the New York Stock Exchange and is included in the S&P 100 index. Headquartered in McLean, VA, Capital One is a diversified financial services company whose principal subsidiaries, Capital One, N.A., Capital One Bank (USA), N.A., and Capital One Auto Finance, Inc., offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Capital One's subsidiaries collectively have approximately 50 million managed accounts and $146 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. In 1996 Capital One launched its first overseas operation in the UK offering credit cards and savings products to UK customers. The UK headquarters and operations centre for Capital One Bank (Europe) plc is located in Nottingham. Capital One has more than four million customers in the UK. 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.