Capital One Platinum Mastercard & annual fee

[pakman92]

It seems that some folks pay annual fee for their Captial One Platinum Mastercard.  Also, the capital one website says that AF is waived for the first year only.   I opened mine a while back and have never paid AF.  Are others on the same boat as me?  Will I be hit with an AF at some point?  Can they do that if they choose to on an existing account?

[Anonymous]

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@pakman92 wrote:

It seems that some folks pay annual fee for their Captial One Platinum Mastercard.  Also, the capital one website says that AF is waived for the first year only.   I opened mine a while back and have never paid AF.  Are others on the same boat as me?  Will I be hit with an AF at some point?  Can they do that if they choose to on an existing account?

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I think Capital One varies this per person or it changed.  I got my Cap One Platinum MC in August and I have no AF.  I called to ask and they told me they couldn't see if I was on a one year waived promo or not (their CSRs are the worst).  So I went online and requested my card terms be mailed to me.  You can do that from their website.  When it came, the terms say I have no AF.  My wife has the same card with a $39 AF (ouch!)

[JM-AM]

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@pakman92 wrote:

It seems that some folks pay annual fee for their Captial One Platinum Mastercard.  Also, the capital one website says that AF is waived for the first year only.   I opened mine a while back and have never paid AF.  Are others on the same boat as me?  Will I be hit with an AF at some point?  Can they do that if they choose to on an existing account?

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You would have to read your original paperwork when received the card. 

Not every one pays an AF with Cap One.

[pizzadude]

If you do have an annual fee on your account you can call an request them to waive it. Some people are successful with this, others aren't. Like a lot of Cap1 policies it seems to be random at times.

[dead9uy]

Mine has the annual fee which I was just hit with. Since they refuse to raise the limit above $750 after 4 years I called last night and asked them to either waive the fee or close the account. I was transferred to a senior rep who immediately waived the fee and wished me well. I was kind of surprised I didn't really have to fight them on it. 

[Anonymous]

I had one with no annual fee that I closed recently.  It was sent to me as a special offer.  You should check your cardmember agreement that came with your card.

[pakman92]

Has anyone had a no AF card and all of a sudden have AF tacked on?

[Anonymous]

I recieved two cap 1 cards last year - secured cards.

I paid $49min deposit and got a $200 CL, Member fee of $24 and APR is 19%  

2nd Cap 1 I had to pay the full $200 deposit  for a $200 CL, Member fee of $29.00 and the APR is 22.9%

Odd how CAP1 seems to have so many diferent card agreements. Its like playing a casino machine!!!