This new-ish card from Capital One is ideal for those who simply want to consolidate existing credit card balances. It is a fairly standard, no-frills card which comes with a low rate of 8.5% APR typical variable, and has no handling fees for balance transfers, putting and end to balance juggling.

Obviously you’ll have to pay the standard APR of the card, but on the flipside, with the Capital One Low Rate card, there are no flash-in-the-pan 6 month introductory offers. The rate stays the same, there will never ever be any balance transfers fees. No sting in the tail, no sudden increase in rates after a set period of time, just a low rate and no transfer fees for the life of the card.

Capital One also thrown in free identity alerts provided courtesy of Equifax as part of the sign up process – this will inform you if your card details have been compromised in any way, and can help retain your credit reputation in the event of someone misusing your card.

As with all Capital One cards, you also get a choice of design, including the standard Capital One silver-grey sunburst design, the St. George’s Cross, plus a range of cute animals.

This entry was posted on Sunday, July 6th, 2008 at 10:54 am and is filed under Budgeting, Credit Cards. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.