Capital One is accused of using a "bait and switch" tactic with a zero percent annual percentage rate offer by luring cardholders to accept the balance transfers then slamming them with interest charges on new purchases from the day they are posted with complicated accounting maneuvers, according to a lawsuit hoping to gain class action status. MORE
Additional warnings HERE
My advice: when you get those zero percent annual percentage rate offers on balance transfers from any credit card company, THROW THEM AWAY!
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