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Capital One has launched a new low rate credit card aimed at people looking for a cheap low rate for the life of their balance transfers and purchases.

The Capital One Low Rate Credit Card offers a low typical APR of 8.5% p.a. variable on both balance transfers and purchases plus does not charge a balance transfer fee.

The low rate will help cardholders to manage their finances without having to worry about the rate climbing at the end of a promotional period.

It also comes with a free identity theft service.

The card is available to those aged 21 and over, with a minimum annual income of £10,000.

Click the link to compare credit cards.

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