The Capital One Low Rate Balance Transfer No Fee Credit Card, a new product on the market, comes with a low balance transfer rate of 6.5%until 1st January 2011 and no admin fee.
The Capital One Low Rate Balance Transfer Credit Card now comes with a reduced balance transfer fee of 1.7% and an APR of just 5.5% (variable) on transferred balances until 1st January 2011.
New customers can now get 0% on balance transfers and purchases until 1st November 2009 when they take out a Capital One Platinum Credit Card.
You can now get 0% on purchases until 1st March 2009 with the Capital One Low Rate Balance Transfer Credit Card, plus a low typical APR of 5.5% (variable) on balance transfers for the life of the balance.
From today you will now receive 0% on balance transfers and purchases until 1st October 2009 on the Capital One Platinum Credit Card.
Once the 0% offers run out, the typical APR will revert to a competitive rate of 15.9% (variable).
Tesco has increased its interest free balance transfer and purchase offers on its Clubcard and Bonus Credit Cards.
The provider has increased the balance transfer offer from 13 months to 14 months (subject to a balance transfer fee of 2.9%) and the 0% on purchases offer from 3 months to 6 months.
Egg has extended its 0% balance transfer offer from 1 September 2009 to 1 October 2009 and its 0% purchases offer from 1 October 2008 to 1 November 2008.
If you choose to transfer a balance when you apply for the Egg credit card you will be charged a 3% admin fee.
You will also receive 0% for a maximum of five months on any balance transfers you make to the card in August 2010 and August 2011 (subject to a 2.5% balance transfer fee).
Plus, when you apply online you will be told whether or not your application has been successful within minutes and you will have the option of managing your account online.
The typical APR on the card is 16.9% (variable) and you need to be at least 18 years of age as well as on a salary of at least £10,000 per year to apply for the card.
Click the link for more information about the Egg Credit Card
Capital One is offering 0% interest on balance transfers and purchases until 1st September 2009.
As well as offering the best interest-free offer for balance transfers and purchases, the Capital One Platinum credit card also comes with one of the lowest typical APRs currently on the market at just 12.9% variable.
The new deal is one of the best credit card offers seen by the market in years and one of the first in a long time to offer the same lengthy interest-free period on both balance transfers and purchases.
In addition, the Capital One Platinum credit card comes with a free identity theft service and free identity alerts powered by the credit reference agency, Equifax.
You will be eligible for this fantastic offer if you are at least 21 years of age and have a minimum income of £10,000.
If you do choose to transfer a balance over from another credit card, it will be subject to a 3% balance transfer fee. However, the amount you will save from the 15 month interest-free period should easily beat the cost of the 3% fee meaning you are still set to make substantial savings. Our balance transfer calculator will give you an estimate of just how much you are set to save if you switch credit cards.
Click the link to find out more about the Capital One Platinum credit card.
This offer is current as of 4th JUNE 2008. Terms and Conditions apply. For more offers please refer to the Offers section of compareandsave.com’s ‘Your money matters blog’.
Credit cards can be great if they are used correctly. These top ten tips for switching credit cards will set you well on your way to getting the most out of your plastic.
Contents
1. Shop ‘til your rates drop
2. Give the balance life
3. Don’t be a big spender
4. How low can you go?
5. Say goodbye to your overdraft/loan
6. A million faces
7. When will it end?
8. Memory of an elephant or a goldfish?
9. I promise to pay the bearer on demand the sum of...
10. Bye bye balance
Earlier this month, we revealed that 29% of people we polled do not switch credit cards at the end of a 0% balance transfer offer and 16% only switched sometimes.
Of this 29%, 12% said that they usually forget and the other 17% said that they can’t be bothered.
It’s true that it can be hard to keep track of your finances. Let’s face it; it’s hard enough remembering to pay the bills, let alone trying to remember when a 0% balance transfer credit card offer is up.
If you are one of these people then you may want to consider getting the new HSBC credit card.
The card comes with a very low APR of 2.9%, for 24 months, on balance transfers made to the card within 30 days of opening the account.
This way, instead of getting an APR of 0% for an average of 12 months, and then reverting to an APR of around 15.9% when you don’t transfer to a new 0% balance transfer card, you would get the low APR of 2.9% for 24 months, which would work out cheaper for you overall.
The card also offers 0% APR on purchases for 12 months from the date the account is opened – one of the longest currently on the market.
What’s more, if you have a HSBC Plus Current Account or Graduate Plus Account, you can reclaim 10% of any interest you pay on your credit card.
Any balance transfers you make to the card will be subject to a 2.5% admin fee – one of the lowest on the market at present.
Click here for more information on the HSBC credit card.
This offer is current as of 04/04/2008. Please check the provider’s product page for more information and full terms and conditions. For more offers please refer to the ‘Offers’ section of compareandsave.com’s ‘Your money matters blog’.
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