Released on: July 3, 2008, 7:29 am

Press Release Author: compareandsave.com

Industry: Financial

Press Release Summary: Compareandsave.com want to alert credit card customers to the
great 0% balance transfer and purchases offer currently running on the Capital One
Platinum credit card.

Press Release Body: At the beginning of June, Capital One launched one of the
longest interest-free credit card offers the market has seen in a couple of years.
However, consumers could miss out if they do not act on it soon.

The Capital One Platinum credit card is offering 0% on purchases and balance
transfers until 1 September 2009. This means that those credit card customers who
signed up for the card in the first week of June will definitely benefit from around
15 months 0% APR on balances they have transferred from other cards and any new
purchases they make.

However, we don't know when this offer is going to end and it could be that the
longer people wait to apply for this offer, the shorter the interest-free period
they will receive. If someone applied for the card today they may only receive 14
months 0% on balance transfers and purchases.

A spokeswoman for compareandsave.com commented: "Over recent months, consumers have
been crying out for a 0% offer of equal length on both balance transfers and
purchases and Capital One has responded to them.

"With the credit crunch taking hold and the recent increases in fuel, food and
energy prices, the Capital One Platinum credit card offer is set to save someone
with the average credit card balance and the average APR around £300 in interest
charges over the course of the interest-free period. This is a substantial amount at
a time when consumers are having to tighten their belts.

"Shockingly, according to the British Bankers' Association, as of April 2008, 73.0%
of credit card balances are currently bearing interest charges so there are plenty
of consumers out there who set to benefit from this offer," she added.

-Ends-

For further information contact:
Emma Skinner - Editor
Tel: 0207 195 1967
Email: emma@compareandsave.com

Notes to editors
. According to Moneybasics UK, the average credit card balance in July 2007 was £2200
. 2According to Credit Action's July 2008 Debt statistics, the average APR is
currently 17.5%

About us
compareandsave.com is one of the UK's leading online personal finance publications
with millions of users visiting each year. We are the second largest introducer of
credit cards in the UK.
Each day we bring the latest news and money saving tips from the industry to our
readers with the aim of giving them all the information they need to find financial
products that are right for them.
The site also offers our readers a free comparison service which details the latest
best buys on products ranging from credit cards, loans and savings accounts to
broadband and a number of insurance products.




Web Site: http://www.compareandsave.com/

Contact Details: For further information contact:
Emma Skinner - Editor
Tel: 0207 195 1967
Email: emma@compareandsave.com