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Which? reviews new Capital One 0% balance transfer credit card

Can interest-free deal beat the best credit cards?

Capital One logo

Capital One’s new 0% balance transfer credit card offers interest-free transfers until October 2012

Capital One has launched a new 0% balance transfer credit card offering an interest-free deal of 17, with a balance transfer fee of 2.9%.

The Capital One Transfer Card MasterCard offers:

  • 0% on balance transfers until 31 October 2012
  • 0% on purchases until 30 September 2011
  • A standard interest rate on purchases and cash withdrawals of 16.8% APR

Which? credit card expert Martyn Saville commented: ‘Capital One recently became a Which? Recommended Provider for credit cards thanks to its improved customer satisfaction score. 

‘Capital One’s new card is placed in our Best Rate table for 0% balance transfers, but falls short of some of the best interest-free deals, which provide up to 20 months. It’s still not a bad offer, though, particularly if you already have cards with the market leaders and therefore can’t take advantage of their new-customer deals.

‘The Capital One 0%-on-purchases deal is much less generous than the 15 months available on dedicated 0%-on-purchases cards though, so is best avoided.’

Which? Best Rate credit cards

If you need advice to help you choose the best credit card for your needs, read the free Which? guide to choosing a credit card.

Once you know the best type of card for you, check out Which? Best Rate credit cards to find the most competitive deal available today, whether it’s a 0% balance transfer card, a cashback card or the longest 0% on purchases deal.

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