Reply
Established Contributor
Posts: 717
Registered: ‎03-05-2008
0

Re: Capital One Automatically Lowered my APR!!


DI wrote:
Congratulations.  Capital One is becoming the newest Credit Union in a sense.  They're very competitive. 

 

Not sure I would agree with that statement unless you are referring to possible lower APR rates. My CL has not moved from $500 since 2005. In a competitive environment, companies would entice good paying customers rewarding with perks and/or limit increases. Not "you need to apply for another card if you want to see about possibly being approved for another card with a higher limit."


Starting Score: EQ: 633 (12/31/09) TU: 651 (12/31/09)
Current Score: EQ:633 TU: 651
Goal Score: EQ: 700 TU:700


Take the FICO Fitness Challenge
Frequent Contributor
Posts: 328
Registered: ‎09-01-2009
0

Re: Capital One Automatically Lowered my APR!!

Congrats!!! 

 

 I wish they were as generous with CLI's!  I've only been given one increase since opening my account in 2007, they keep saying no to me and i've never gone over the limit and pay as soon as or before the statement drop.  When my score reach the 700 club by the end of the year, I might see about asking for an upgraded card. 


Starting Score: EQ 729, TU 752, EX ? (1/1/2011)
Current Score: EQ 696, TU 718, EX 686 - PSECU (5/17/2011)
Goal Score: ALL 800+ by December 31, 2011

Take the FICO Fitness Challenge
PROUD MEMBER OF THE 700 CLUB!
Frequent Contributor
Posts: 449
Registered: ‎02-21-2009
0

Re: Capital One Automatically Lowered my APR!!

Congrats with the lower APR. ** jealous ** :-)
TU - 737 - 02/21/09, 769 - 02/06/10, 795 - 09/08/10
EQ - 758 - 02/21/09, 783 - 02/06/10, 805 - 09/08/10
EX (PLUS) - 781 03/23/09, 787 - 02/06/10, 783 - 08/09/10
Super Contributor
Posts: 5,759
Registered: ‎01-28-2008
0

Re: Capital One Automatically Lowered my APR!!

When one pays in full monthly the APR is always 0%.Smiley Wink   The APR in my book has been at 0% ever since 2004. 
Senior Contributor
Posts: 3,696
Registered: ‎01-10-2008
0

Re: Capital One Automatically Lowered my APR!!


DI wrote:
When one pays in full monthly the APR is always 0%.:smileywink:   The APR in my book has been at 0% ever since 2004. 


Hmmm, has siting this fact at every turn become a bit trite with overuse?

 

 

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Established Contributor
Posts: 717
Registered: ‎03-05-2008
0

Re: Capital One Automatically Lowered my APR!!


score_building wrote:

DI wrote:
When one pays in full monthly the APR is always 0%.:smileywink:   The APR in my book has been at 0% ever since 2004. 


Hmmm, has siting this fact at every turn become a bit trite with overuse?

 

 


 

+1

Starting Score: EQ: 633 (12/31/09) TU: 651 (12/31/09)
Current Score: EQ:633 TU: 651
Goal Score: EQ: 700 TU:700


Take the FICO Fitness Challenge
Super Contributor
Posts: 5,759
Registered: ‎01-28-2008
0

Re: Capital One Automatically Lowered my APR!!

[ Edited ]

PurpleHaze wrote:

score_building wrote:

DI wrote:
When one pays in full monthly the APR is always 0%.:smileywink:   The APR in my book has been at 0% ever since 2004. 


Hmmm, has siting this fact at every turn become a bit trite with overuse?

 

 


 

+1

LOL Sometimes things are just worth repeating. 

Message Edited by DI on 01-20-2010 12:17 PM
Super Contributor
Posts: 5,759
Registered: ‎01-28-2008
0

Re: Capital One Automatically Lowered my APR!!

I enjoy receving Capital One's purchase checks in the mail.  I use them as a tool and still not pay any interest. 
Moderator Emerita
Community Leader
Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
0

Re: Capital One Automatically Lowered my APR!!

Folks, folks, folks.

Those who are not caught up in the Cap One vs Crap One war are sick and tired of reading this stuff.

You guys are NOT going to convince one another of the superiority of your arguments, so it's time to hush. Seriously. Use or don't use a Cap One card, and spare the rest of us the endless (and utterly pointless) wrangling. We don't care any more!

Like any other CC, there is NO interest on a card if you pay your balance off every month. IMO, the arguing points for and against any given CC come down to rewards, fees, inqs or lack thereof, and customer service.

As always, YOUR MILEAGE MAY VARY!!! What works for one doesn't work for another. That doesn't make a card good or bad; it just means that it works for some and not others.

For Pete's sake, give it a rest!!!

* goes to see if we have any Tums *
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Established Contributor
Posts: 832
Registered: ‎01-16-2008
0

Re: Capital One Automatically Lowered my APR!!

+1000

Starting Score: TU 737 EQ 721
Current Score: TU 741 EQ 741
Goal Score: TU 765 EQ 760


Take the FICO Fitness Challenge
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.