Save Hundreds with the Capital One Platinum Prestige Credit Card

MSNBC reports that Americans are continuing to cut back on credit card use, in an effort to save more and spend less. If you are paying high amounts of interest on your credit card, your interest payments could be taking your money just as fast as if you had went to the mall and purchased something. That’s why it’s important to make sure you’re getting the very best interest rate possible on your credit card.

Credit markets are beginning to thaw, but lending standards are still pretty tight overall. If you excellent credit, you may want to look into a card that not only offers a good 0% APR introductory offer and will still give you a decent APR after the introductory period is over. One card to consider is the Capital One Platinum Prestige Credit Card. This card has no annual fee and gives a 0% APY in all purchases and balance transfers until August 2011. After that, you’ll pay a regular 11.90% variable APR. You will have to pay a 3% fee of the amount of each transfer through the 8/2011 billing period, but if you’re currently paying a high interest rate on another card, the transfer fee could be well worth the cost. If you have a $10,000 balance and currently pay a 14.99% APR on your current card, you could save $1,048.00 by paying $300 a month on a 0% APY (including the 3% fee).

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