Comment on Capital One's move away from long-term zero per cent purchase and balance transfer cards

Published:

07/11/2008

Topic:

Press Release,Money,Credit Cards

Peter Harrison, credit card expert at moneysupermarket.com, said: "Credit card applications to Capital One have been the dominant feature of the market this year, so its move today will create an unexpected opportunity for Barclaycard, first direct and Virgin.

"Barclaycard and first direct both have zero per cent purchase deals of 12 months, while Virgin has a 16-month offer on balance transfers. Those who do take advantage of the Virgin balance transfer offer should avoid making any purchases on the card though, or they will face a nasty interest shock."

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