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Post Office launches two new credit cards in partnership with Capital One

Press release   •   Nov 05, 2019 12:36 GMT

● New credit cards available from today in partnership with Capital One

● Classic Card can offer 0% interest purchase and Balance Transfer rates for up to 18 months

● Travel Card offers no foreign exchange fees when you spend abroad

Post Office has today announced the launch of two new credit cards with its partner Capital One - which are available online at https://www.postoffice.co.uk/credit-cards

Travel Card

● No annual fee

● Purchase notifications and alerts to help keep your finances on track

● No foreign exchange fees when you spend abroad

● QuickCheck - gives all applicants100% 'yes' or 'no' before they apply*, and certainty on APR

● 24.9% APR Representative Variable

● APRs of 19.9% APR and 24.9% APR variable (depending on individual circumstances)

Classic Card

● No annual fee

● Purchase notifications and alerts to help keep your finances on track

● QuickCheck - gives all applicants 100% 'yes' or 'no' before they apply*, certainty on APR, and on any Balance Transfer and 0% Purchase lengths

● 34.9% APR Representative Variable

● A range of APRs is available from 19.9% APR to 34.9% APR variable (depending on individual circumstances)

Owen Woodley, CEO of Post Office Financial Services and Telecoms, said:

"We're delighted to be launching these two new credit cards through our new partnership with Capital One, one of the UK’s leading credit card providers. These cards have been developed to meet the needs of a diverse range of customers.

“With benefits such as no foreign exchange fees when you spend abroad and an app to help people manage their finances, we are sure customers will be delighted with the new offer.”

Amy Lenander, Capital One UK's Chief Executive Officer, said

“Capital One is thrilled to be working with the Post Office in our new partnership, founded on a strong alignment of shared values and a commitment to financial inclusion.

“We designed these new products together and they have simplicity and supporting customers at their heart.”

*Subject to fraud and anti-money laundering checks

ENDS

Issued by:

Post Office Press Office

1st Floor Finsbury Dials

20 Finsbury Street

LONDON, EC2Y 9AQ

Tel: 0207 012 3456 (24 hours),

Email: www.postoffice.co.uk

Capital One contact details:

Patrick Evans

Citigate Dewe Rogerson

T: 07774 133934

Email: Patrick.Evans@citigatedewerogerson.com

About Post Office:

  • With 11,500 branches, the Post Office is among the larger retail networks in the UK.
  • 98% of Post Office branches are run with retail partners on an agency or franchise basis.
  • The Post Office provides services central to peoples’ everyday lives; 99.7% of the population lives within 3 miles of a Post Office.
  • We offer the UK’s largest fee free cash withdrawal network through our 11,500 branches, over 2,000 cash machines and 99 per cent of UK bank customers can access their accounts at the Post Office.
  • We sell 170 different products and services spanning financial services including savings, insurance, loans, mortgages and credit cards; Government services; telephony; foreign currency; travel insurance and mail services.
  • Post Offices branches remain highly valued and trusted, and are the focal point of many communities. For more information; visit www.postoffice.co.uk and to find out about a Post Office business opportunities; visit www.runapostoffice.co.uk