Capital One Platinum CC - 0% on Purchases (&BTs) until 1st Sept 2009! - HotUKDeals
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Please bear in mind that this card is rate for risk, in that you will need a very good credit rating to get the benefit.

For those of you that have good credit, this is the best deal on purchases available at the moment.

Capital One Platinum Card
An unbeatable combination of features
0% on balance transfers until 1st September 2009
0% on purchases until 1st September 2009
Easy balance transfers - 3% balance transfer
handling fee*
Free Identity Theft Service
Register Online for Free Identity Alerts powered by Equifax
A low 12.9% APR typical variable

More Detail:

Key features of your Capital One credit card

SUMMARY BOX

The information contained in this table summarises key product features and is not intended to replace any terms and conditions.

APR
Typical 12.9% APR variable

Introductory rate
Monthly rate
Annual rate

Purchases
0% until your September 2009 statement
1.02%
12.94%*

Balance Transfers
0% until your September 2009 statement
1.02%
12.94%*

Cash withdrawals
N/A
1.94%
25.94%*

Interest free period
Maximum of 56 days for purchases where the balance is paid in full every month. 0 days for balance transfers and cash.

Interest charging information
Purchases, Balance transfers and Cash withdrawals

Whenever an interest free period does not apply, interest is charged to your account from the date of the transaction and will continue until the statement balance is paid in full. Interest is calculated daily on the account balance.

Full details can be found in your Credit Card Agreement.

Allocation of payments
If you do not pay off your balance in full when you make a payment it will be used to pay off in the following order: any cash handling fees; any interest; other fees; Payment Protection Insurance; most balance transfers except those described next; then balance transfers made after any initial period, if at the time, your initial period was described as "for the life of balances transferred", and all purchases; then cash withdrawals.

Minimum repayment
3% of the outstanding balance or £5, whichever is greater.

Amount of credit
Minimum credit limit of £1,500; maximum credit limit £16,000

Fees
Balance transfer handling fee - 3%; No Annual Fee
Charges
Foreign currency conversion charge 2.75%
Cash withdrawal charge 3% (minimum £3.00)

Default charges
Late and Failure to Pay Default Sum £12
Returned Payment Default Sum £12
Overlimit Default Sum £12
Returned Credit Card Cheque Default Sum £12.00
Security deposits N/A

*The simple interest rate is 23.29% for cash withdrawals, 12.23% p.a. for purchases after your September 2009 statement and 12.23% p.a. for balance transfers after your September 2009 statement.

All Comments

(50) Jump to unreadPost a comment
Comments/page:
Page:
banned#1
wow... a card that does what loads of others do. Hot Hot Hot!
#2
vibeone
wow... a card that does what loads of others do. Hot Hot Hot!


I detect the slightest element of sarcasm in your post...:whistling:

Pray tell, what other CCs are offering over a year interest free on purchases at the moment?

And, can the cold voters please explain why this is a poor deal on a credit card for those that need them? I've used them before and never had any issues with their service.
#3
I think this is a brilliant deal because its 15 months 0% voted hot good find
#4
Hot from me mate, don't think alot of people see credit cards as deals, especially during credit crunch time!
#5
Hot, but I tend not to use these anymore ;)
#6
Great deal if you can get it, but I got rejected even though I met their criteria.
#7
I was looking into getting a small personal loan, but the rates were so high, and I wanted to pay it off within a year...so when I found this I thought - result!

Interest free loan if used to make a purchase for up to 14 months.

Just use it then cancel it thereafter.

I know some don't see getting into debt as a 'deal' - but it's an unfortunate fact of modern day life folks.
#8
moob

Interest free loan for up to 14 months.


Other than the transfer fee, so you're looking about 2.5% apr, good cheap loan, not free!
#9
nick_sub
Great deal if you can get it, but I got rejected even though I met their criteria.


Do you mind if I ask why they rejected you, if they gave a reason?
#10
Benjimoron
Other than the transfer fee, so you're looking about 2.5% apr, good cheap loan, not free!


Sorry, I didn't explain myself there - it is interest free if you use it to purchase something, not on a balance transfer.
#11
moob
Sorry, I didn't explain myself there - it is interest free if you use it to purchase something, not on a balance transfer.


True, didn't look at it like that. Most people use the balance transfer option,.
#12
Dont expect to be covered if you are cloned. I was cloned & I had the evidence to prove it but after constant letters to Capital One & conversations with numerous idiots on the phone I wasnt covered even though they had the cloned card & I still had my original card.
Voted Colder than the dark side of the moon.
#13
moob;2329893
Do you mind if I ask why they rejected you, if they gave a reason?

No they didn't. I have an excellent credit rating but I expect my salary was too low. I won't say what I'm paid here but it's less than a Shell lorry driver!!!
#14
Applied, but it's still processing.
#15
Not sure why this is so cold. It is the longest balance transfer and purchases 0% deal for ages if you can get it. Was highlighted in Martin Lewis's weekly email last week.
#16
Capital one are a joke, the customer service is a disgrace. We had so many issues we decided to cancel, even that was a nightmare, they kept trying to pursuade me to stay, this usually happens I know but 20 mins of trying is too much for anyone! then 20 mins after it was all sorted the guy phoned back and said my payment hadnt gone through correctly and he needed all my details again, my debit card number and security number, when i questioned him and asked to speak to a manager he hung up! Beware is all I can say.
#17
Well, I guess I'm not surprised given the current credit climate this one is heading south sharpish.

Still, I believe it represents a good way to get a short time loan when you make a large purchase.

No explanation from any cold voters as per the norm...
#18
Barcaly card are my most hated CC company.

The only send out a bill if you have used the card so no bill through means no worries. I move house and wrote a letter to them with my new address and thought nothing more of it, two months later my OH used the card for petrol by mistake and forgot about it. A month later I tried to use the card to buy 10 driving lessons and it was declined and the guy in the shop retained it- they had cancelled the card because I had failed to pay the £5 minimum balance for that month. Of course they had not bothered to update my address details and no bill came to my new house.

Needless to say I cancelled it soon after.
#19
I was rejected, first time in my life! Never ever been rejected for anything before. My credit history is excellent, own my house and a decent salary, I think their trying to hook people in with this, then probably offering a worse credit card when they question it. I just went to another provider.
#20
I think this is excellent deal for those who want to get some free cash. I know it won't be much but still better than nothing. Voted hot (and applied) :)
#21
Southwell
I was rejected, first time in my life! Never ever been rejected for anything before. My credit history is excellent, own my house and a decent salary, I think their trying to hook people in with this, then probably offering a worse credit card when they question it. I just went to another provider.


Same for me, got rejected 6 months ago on their cashback one. First time ever. Got my credit report soon after and nothing bad on it. Guess you have to have a VERY good credit score to get this.

Dont bother applying if you havent had a credit card for 5 years. Was on terms of their cashback card not sure about this one though.
#22
Still the same - you must have credit cards for at least 5 years and have at least 1 of them with more than 5K limit.
#23
Southwell;2330156
I was rejected, first time in my life! Never ever been rejected for anything before. My credit history is excellent, own my house and a decent salary, I think their trying to hook people in with this, then probably offering a worse credit card when they question it. I just went to another provider.

Second time for me after I once applied for a card to get a free Wycombe Wannderers scarf and then got rejected which was great as it saved me cancelling it!
Which card did you get in the end?
#24
Hot.

Get a card, pay off your years car insurance and then split the amount into 12 monthly payments instead of paying stupid APR.
#25
nick_sub
Second time for me after I once applied for a card to get a free Wycombe Wannderers scarf and then got rejected which was great as it saved me cancelling it!
Which card did you get in the end?


I ended up with a Halifax card, which has been very good to be honist. Just changed banks though so going back to my trusty Nationwide one!

I did just get a Barlcays (yes i know! :P) platinum card for 10 months free on a Dell laptop, but HP fixed it for free so i no longer need it! :D
#26
To all those who were declined - did you get an immediate rejection or did it arrive in the email?

I've been told that I will receive written confirmation in the next 7 days. I too have an excellent credit rating and hope they come through with this.

It's a shame so many on here vote cold without 'verbal' justification - as I don't think there is any other card out there that comes close to this deal in terms of interest free for purchases, which is essentially what voting is about, the deal.

Par for the course on here mind.
1 Like #27
Mine was declined in writing.
#28
Southwell
Mine was declined in writing.


Thanks for letting me know - have some rep for that.:thumbsup:
#29
These are all scams, as you are paying 3% to transfer the balance.
#30
talkshop
These are all scams, as you are paying 3% to transfer the balance.


Hardly a scam considering they inform you of this charge in the 1st place.

This deal is however primarily for the fact that 0% is available on purchases for the same length of time as BTs. Helps if you read the post first.:thumbsup:
#31
moob;2332184
To all those who were declined - did you get an immediate rejection or did it arrive in the email?


Mine was in writing too. Letter arrived after about a week.
#32
I am wondering what does this mean in their full credit card agreement:


Total charge for credit:
At the time the agreement is made, is £101.22
Comprising interest in the sum of: £101.22
Does that mean they charge an annual fee? But then they state: No Annual Fee
#33
good deal for those who can get it, heated and rep'd
#34
Kommunist
I am wondering what does this mean in their full credit card agreement:


Total charge for credit:
At the time the agreement is made, is £101.22
Comprising interest in the sum of: £101.22
Does that mean they charge an annual fee? But then they state: No Annual Fee


I assume it shows how they charge 0% interest.
#35
Excellent deal. 0% on purchases over such a long period is hard to get and even with 3% for balance transfers it still works out a good way for someone to cut their debt down (would rather pay 3% than stupidly high apr rate that virtually all store/credit cards charge). Good find. Voted Hot
#36
Benjimoron
I assume it shows how they charge 0% interest.


I assumed that too, but it doesn't really help the average punter.
1 Like #37
Kommunist;2333674
I am wondering what does this mean in their full credit card agreement:


Total charge for credit:
At the time the agreement is made, is £101.22
Comprising interest in the sum of: £101.22
Does that mean they charge an annual fee? But then they state: No Annual Fee


Sorry this is a vague reply but I remember seeing this on a previous card agreement. I looked into it at the time and I think it was one of those examples which they are legally obliged to demonstrate how it works but which isn't actually helpful to the majority of people and just causes confusion (like the examples they have to do on your pension statement if you have one) I concluded it was nothing untoward anyway!
#38
Benjimoron;2333879
I assume it shows how they charge 0% interest.


Sorry for being dumb, but I just don't get it. How exactly they are getting 100 quid from 0% interest?

nick_sub;2334339
Sorry this is a vague reply but I remember seeing this on a previous card agreement. I looked into it at the time and I think it was one of those examples which they are legally obliged to demonstrate how it works but which isn't actually helpful to the majority of people and just causes confusion (like the examples they have to do on your pension statement if you have one) I concluded it was nothing untoward anyway!


Well, I thought the same, but there is no such an example before that statement. I'd expect them to come up with something like follows:
If you borrow £1000.00 and only repay minimum interest then you will pay £XXXX.YY and the charge for interest will be £XXX.YY over XX months. The APR is XX%

But there is no such thing - just the "charge for credit" statement. Maybe cut-n-paste problem :)
#39
I applied for this credit card and was rejected. I had an excellent credit rating and they said I was rejected because the person I shared my mortgagae with(my husband)had a poor credit rating. My husband applied for a card and was accepted. he has a salary slightly higher than a shell driver!!!!!!
1 Like #40
Kommunist
I am wondering what does this mean in their full credit card agreement:


Total charge for credit:
At the time the agreement is made, is £101.22
Comprising interest in the sum of: £101.22
Does that mean they charge an annual fee? But then they state: No Annual Fee


It's (sort of) expained in their terms and conditions: -

In calculating the APR and Total Charge for Credit we are required by law to assume that:
[LIST]
[*]the credit limit will be £1,500 unless we know the credit limit when this agreement is made, in which case we will use that credit limit;
[*]the credit is provided for a period of one year beginning with the date of the agreement;
[*]the rate of interest payable in relation to the whole of the credit under this agreement is that applying to purchases;
[*]and that the credit is repaid in twelve equal monthly instalments, beginning one month after the date of this agreement.
[/LIST]


My wife applied for one of these but didn't get it, I think they told her straight away on the 'phone, they offered her a different card which is not quite as good, but she took it anyway, I think it might just be interest free on purchases for 9 months instead.

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