Capital One - 0% 9 month no handling fees

Today I had a Capital One cc junkmail letter through the post. As usual it offered me 9 months 0% BT. But at the bottom it had in bold:-
"PS Apply Now for 0% interest on balance transfers and purchases for 9 months and no handling fees!"

I've read warnings in the past of carefully hidden charges with Capital One products - is this genuinely fee free? I've scanned the T&Cs and cannot find anything obvious.
My current stooze is coming to an end so this is tempting :)
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* "Take my advice, Dont listen to me." *
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~~ Yes I've tried ebaY ~~
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Replies

  • YorkshireBoyYorkshireBoy Forumite
    31.5K Posts
    Part of the Furniture 10,000 Posts Name Dropper
    Forumite
    I haven't seen, or heard of, one of these offers since late 2005.

    If you're certain there's no fee I would definitely go for it. Since it has 0% on both BT's and purchases, you have so many options to keep the stooz pot topped up. For example, you can either re-cycle the hefty 3% minimum payments by BT'ing from Egg Money (and on to the stooz pot) each month fee-free, or simply spend them by making purchases.

    Can I ask...have you previously been a Capital One customer, or do you have a savings account currently? Or did this come straight 'out of the blue'?

    Finally, was the application form pre-completed with your name and address, or was it a blank form and covering letter?
  • Im cancelling a capital one credit card tomorrow so ill try and get this offer out of them :D
    Waddle you do eh?
  • MilarkyMilarky Forumite
    6.3K Posts
    Part of the Furniture 1,000 Posts Photogenic
    crankup wrote:
    Today I had a Capital One cc junkmail letter through the post. As usual it offered me 9 months 0% BT. But at the bottom it had in bold:-
    "PS Apply Now for 0% interest on balance transfers and purchases for 9 months and no handling fees!"

    I've read warnings in the past of carefully hidden charges with Capital One products - is this genuinely fee free? I've scanned the T&Cs and cannot find anything obvious.
    My current stooze is coming to an end so this is tempting :)
    As long as the summary box says nothing about BT fees (against 'charges' descriptor) then it will be as you say..
    Im cancelling a capital one credit card tomorrow so ill try and get this offer out of them :D
    Wait at least one month before reapplying - that is the period used by Capital One for accepting you as a new customer. (No guarantee of being accepted of course.)
    .....under construction....
  • dadrockdadrock Forumite
    113 Posts
    Good idea about Egg Money - thanks.
  • ClarimanClariman Forumite
    1.5K Posts
    Part of the Furniture 1,000 Posts Combo Breaker
    Interesting. Was it a junk mail letter specifically addressed to someone or was it an offer that fell out of a newspaper/magazine ?
    Co-author/owner of the official stoozing website https://www.stoozing.com and Creator of the SOA & Snowball calculators.
  • dovdov Forumite
    211 Posts
    100 Posts
    I got this offer by post and have applied and waiting response. My brother got the one with 2% fee a week later.
    Milarky wrote:
    Wait at least one month before reapplying - that is the period used by Capital One for accepting you as a new customer. (No guarantee of being accepted of course.)
    They ask you on application if you have had a Capital One card in last 6 months, so you might need to wait 6 months to be considered a new customer.
  • MilarkyMilarky Forumite
    6.3K Posts
    Part of the Furniture 1,000 Posts Photogenic
    dov wrote:
    They ask you on application if you have had a Capital One card in last 6 months, so you might need to wait 6 months to be considered a new customer.
    In fact they state:
    [FONT=Arial, Helvetica, sans-serif] Please do not apply if you already have a Capital One credit card, you have applied for one in the last 6 months or if you are not a UK resident[/FONT]
    So, if you close your account shortly before you then apply, there is no reference to the 6 months time-bar. After reading that I decided to apply about one month after closing a previous account I held with them - and I was accepted. Other posters have confirmed the same thing - Capital One will treat you as a 'new' customer only one month after closing an existing account and allow you to apply in that time frame. [This was in Spring 2005]
    .....under construction....
  • dovdov Forumite
    211 Posts
    100 Posts
    Thanks for the clarification, I don't have the appliation form with me so I was writing from memory, though it probably states it online aswell.
  • crankupcrankup Forumite
    340 Posts
    Part of the Furniture Combo Breaker
    Thanks for the replies.
    I have never been a Capital One customer before. I reckon I get a junk ad once a month at least from them, this time it being interesting.
    The credit agreement form has my name & address printed on it.

    There was a separate flyer with "3 quick steps to transfer your balance" on it. That mentioned a 2% handling fee, but them main form has the extra bold statement. I'll give it a go and report back if there's any problems.

    Cheers.
    *************************
    * "Take my advice, Dont listen to me." *
    *************************
    ~~ Yes I've tried Google ~~
    ~~ Yes I've tried ebaY ~~
    ********************************
  • jojo1978_3jojo1978_3 Forumite
    1.4K Posts
    Milarky wrote:
    In fact they state:

    So, if you close your account shortly before you then apply, there is no reference to the 6 months time-bar. After reading that I decided to apply about one month after closing a previous account I held with them - and I was accepted. Other posters have confirmed the same thing - Capital One will treat you as a 'new' customer only one month after closing an existing account and allow you to apply in that time frame. [This was in Spring 2005]


    Capital One state that you only have to wait for 1 week before reapplying, the reason they ask if you have applied in the last 6 months is because they won't accept you if you have been declined in the last 6 months
    :)Henry James Born 18/03/2011-11 days late!:)

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