For those who find themselves getting a little in too deep with credit card debt, it may be surprising to think that applying for another credit would pose an answer. However, doing so is actually a stroke of genius if you do it right. In order to lessen the interest you’re gaining every month on an existing card with an existing balance, one strategy is to transfer your credit card balance to another card that offers a lower interest rate. Better yet, transfer it to a card with 0% interest. This helps keep your balance from growing, giving you time to pay it off without accruing additional interest.

Usually credit card companies offer 0% interest on balance transfers for a promotional time to encourage consumers to open a card with them. The longer the promotional period, the better for those who are keeping up with their credit card debt. The usual period is from 6 – 12 months, however, Capital One is offering one of the longest periods yet, as long as 2 years.

The Deal

Yes, you heard it right, Capital One Platinum Prestige Card gives you 0% balance transfer for as long as 2 years. The promotional rate is announced to end on February 2013, so if you open a card with them now, you get to enjoy 0% on balance transfer for 2 years and 2 months. If that’s not enough Capital One is adding a 0% APR to the package, so if you charge any new purchase to your card, you can pay the item off slowly without the added interest.

Card Details

* 0% Introductory APR until February 2013 – 18.9% variable APR thereafter
* 0% Introductory APR for Balance Transfers until February 2013 – 18.9% variable APR thereafter
* $0 Annual Fee
* $0 Fraud Liability
* 24 hour travel assistance services
* 24 hour roadside assistance
* Extended warranty program
* Travel Accident Insurance
* Auto Rental Insurance

About Capital One

Capital One was founded in 1988 and has continued to do business up until today. It is currently one of America’s largest consumer franchises with around 45 million customer accounts. It is also one of the nation’s top ten banks based on deposits. The bank has approximately 1,000 branches located in New York, New Jersey, Texas, Louisiana, Maryland, Virginia, and the District of Columbia.

Aside from being issued by a trusted bank, the Platinum Prestige Card beats other credit cards over the length of term for their 0% introductory rates. The sooner you get the card, the longer you can benefit from their zero interest rates.

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