A number of visitors have written me regarding Capital One balance transfer offers. Unlike many credit card companies, which offer a 0% APR on balance transfers instead of purchases, Capital One does the opposite: they offer a 0% APR on purchases only. This has proved confusing for the people who emailed us, so we wanted to clarify this issue for other readers.

Additionally, Capital One does offer no fee balance transfers. However, all balance transfers are charged the standard interest rate, which is often in the low to mid teens. Essentially, you may end up paying the same interest rate you had on your previous credit card.

To learn more about no fee balance transfers as well as 0% APR balance transfers, visit the respective sections of Smart Balance Transfers credit card comparison section.