Capital One fee-free Con?

Telegraph_Sam

I applied as per Martin's recommendation for a Capital One 0% fee-free "Balance Transfer Card". Credit rating "excellent". Application was declined but "you have been pre-approved for an alternative Capital One credit card". Surprise surprise the alternative has a 3% fee. Strenuous denials by the Capital One applications dept that this is a con to use the inertia factor to get applicants to sign up for the more expensive card. I find these hard to believe. What has been the experience of other forum readers?

Thomas_Crown

Telegraph_Sam wrote: »

I applied as per Martin's recommendation for a Capital One 0% fee-free "Balance Transfer Card". Credit rating "excellent".
.................What has been the experience of other forum readers?

I applied for Capital One 0% card (excellent rating) a couple of months ago & my application was approved. However,the balance transfer fee was 1.9% not nil. Are Capital One the first company to reintroduce fee free BTs?

mrs_deadline

Exactly the same here (i.e. offered the 3% alternative), can only add that today I received the sign-up form a third time and the shredder has taken care of them all.

Phantom_Flan_Flinger

I applied last month for the fee free BT card and got it succesfully.

My BT went through last week.

21castlehill

I also applied last month for the fee free BT card & now £6700 is sitting in my stooze POT, got to admit though this is the lowest credit limit I've got on any card.