Capital One Membership Fee Credit

[BrokaToe]

I logged into my cap1 account this morning because my statement cuts today, just wanted to make sure everything looked good $0 balance etc.

It's a secured card  I got last year and I decided to go ahead and keep it 1 more year, so of course they hit my account with the AF right before the statement cut so this balance will report.

But the strange thing is, the AF is $29, so that fee was on my statement, but they gave me an $8 fee credit, so basically the made my AF $21 instead of $29.  Has anyone had this happen before? Any ideas as to why? Maybe just good management on my part earned me a discount?

Thanks-

[cottoncrown]

They are trying to entice you to keep it open as most people probably close the account after a year and take their deposit. It's easy money for them.

[RTOrockstar]

They did me the same way. I don't understand it, but $8 is $8. I'll take it!

[BrokaToe]

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@RTOrockstar wrote:

They did me the same way. I don't understand it, but $8 is $8. I'll take it!

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Yah I hear ya, seeing how I'd decided to keep the card open for another year anyway, I was glad to see the $8 credit

[injustifiiable]

Damn, where's my $8??? lol