Capital One launches new credit card offering 4% cashback on purchases for the first three months

Capital One is launching a new credit card offering consumers 4% cashback on all purchases for the first three months and 1% cashback on all purchases thereafter.

The Capital One Platinum Cashback Card has a competitive 15.9% APR typical variable.

Capital One card customers will also be able to benefit from its newly updated ID Theft Service launched this month.

This service helps customers protect themselves against the perils of ID theft as well as helping them 'pick up the pieces' if they do encounter the problem.

It is the only service of its kind to provide a named advisor for free to provide help at every stage of the recovery and resolution process.

Justin Basini, Head of Brand Marketing, Capital One said: "Capital One's Platinum Cashback card offers one of the best cashback deals in the market".

"There are no complicated tiered spending requirements and there are no limits on the amount of cashback customers can earn, so someone spending £3,000 on the card within the first three months could earn £120".

"This makes the card ideal for people who use their credit card for everyday spending." In summary, the features of the new Platinum Cashback card are: Earn 4% cashback on all purchases for the first three months.

Earn 1% cashback on all purchases after the first three months.

A competitive 15.9% APR typical variable.

Free ID theft service with a named advisor to assist -Ends- Product terms and conditions: Cashback will be payable annually in the month of January and will be credited to your account unless we notify you of another method.

No Cashback will be paid to you if at that time you are in default under the terms of this agreement.

However the amount of that year's Cashback will accrue and may be payable in a following year.

No Cashback will be payable if this agreement is terminated or this account is closed.

For a Platinum Cashback card all applicants must be aged 21 or over, resident in the UK and receiving an income of more than £10,000 per annum.

Credit is available subject to status and conditions.

About Capital One: Capital One Financial Corporation trades on the New York Stock Exchange.

In 1996 Capital One launched its first overseas operation in the UK offering credit cards, savings and loan products to UK customers.

The UK Operations Centre for Capital One Bank (Europe) plc is located in Nottingham, where more than 2,000 Associates are based.

Capital One is a top-ten credit card issuer in both the USA and the UK, with more than four million UK customers.

Capital One's subsidiaries collectively have approximately 50 million managed accounts and $146 billion in managed loans.

The Bank has won numerous industry awards for its products and services as well as accolades for its consistent work within the communities in which it operates.

Capital One has consistently provided market-leading consumer-lending products to its customers.

In the UK Capital One was among the first credit card issuers to offer a 0% introductory purchase rate, combining this with one of the lowest 'go-to' rates on the market.

Capital One is authorised and regulated by the Financial Services Authority.

14 June 2007.

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