Capital One floods more mailboxes than any other credit card issuer with offers from www.mycapitalonecard.com. Each offer varies based on the information they have about you. For example, someone with a limited credit history may receive an offer to apply online at www.mycapitalonecard.com for a credit card with a $300 credit limit. Individuals with good to excellent credit may get a mycapitalonecard.com offer like the one I was shown.

NOTE:  Many people will get a better credit card by using the Capital One Card Lab instead of responding to a mail offer.  With the Card Lab, you can choose to get a 0% rate on purchases and balance transfers, a low apr, or rewards.

Now, the offer I recieved from mycapitalonecard.com advertised a no fee balance transfer with a fixed APR. That would be great, except the no fee balance transfer had a fixed APR of over 16%. I put the mycapitalonecard.com no fee balance transfer offer in the shredder.

As I’ve said before, no fee balance transfers are good deals if you transfer your balance and don’t use the card for anything else. However, if you’re looking for a no fee balance transfer credit card, get one that offers a 0% APR for 1 year. If you can’t get approved for a fee-free card, get a 0% APR credit card that charges no interest on both purchases and balance transfers.