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Frequent Contributor
Posts: 474
Registered: ‎09-12-2010
0

Capital One 1% APR increase LOL!

I opened a capital one student visa cash rewards march of 2010 and I just got a notice that they will be increasing the APR from 22.9% to 23.9% I called and asked and they told me that 22.9% is a promotional offer. What a joke! I only use this card once a month and PIF but seriously what kind of a promotional offer is that? I've had the standard platinum mastercard since december of 2009 and no rate on that one. Capital One is a weird company

FICO scores - 727 TU(Walmart)/ 727 EX(Amex app)/ 721 EQ(Discover app)
In My Wallet: BankAmericard Cash Rewards($2,000), Discover More($3,000), Chase Freedom($2,000), Fidelity Amex($1,000), Sam's Club Discover($4,400), SallieMae 5% Mastercard($5,000), Amex BCE($2,000) ,Citi Simplicity($2,000), Paypal SmartConnect($3,100), Walmart Store Card($2,350), Chase Amazon Visa($700), Target RedCard($500), Capital One Cash Rewards($750), Best Buy Store Card($1,900), HHGregg($2,000), Amazon Store Card($1,250),Newegg Preferred Account($2,000), Park West($2,000), BankAmericard Travel Rewards($5,000)
Established Contributor
Posts: 945
Registered: ‎02-07-2011
0

Re: Capital One 1% APR increase LOL!

Insert "crappy" for "weird" and yes, I agree.

Mid-2010 Starting Scores: FAKO EQ 476 FAKO EX 506 FICO TU98 575
Jan 2012 Current Scores: FICO EQ 604 FICO EX ??? TU98 623
Feb 2012 Goal Scores: EQ 620 EX 620 TR 620 (or just the middle to be 620!!)
Valued Contributor
Posts: 2,505
Registered: ‎11-11-2010
0

Re: Capital One 1% APR increase LOL!

[ Edited ]

When I opened my Student Visa from Cap 1 on October, my APR is 24.9%. I don't have a promotional rate. 

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Established Member
Posts: 15
Registered: ‎01-16-2008
0

Re: Capital One 1% APR increase LOL!

I find that quite amusing. I looked at my statment from them recently. well my current rate is 22.9 and if i were to be late on a payment the rate ma be increased to the pentalty apr of 23,15 percent. lol:smileyvery-happy:

Valued Contributor
Posts: 2,505
Registered: ‎11-11-2010
0

Re: Capital One 1% APR increase LOL!

That's nice for you. For me my penalty APR is 29.9%

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
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