Capital One RATE JUMPED me and doubled my APR, Just got off the phone with them

[Watchmann]

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heirophant wrote: 
........  but this borders on bait and switch tactics. 

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Not to state the obvious but this change is all about CHANGE.  You know, what we voted on last year.  It's all interrelated. 

[athensguy]

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@Watchmann wrote:

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heirophant wrote: 
........  but this borders on bait and switch tactics. 

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Not to state the obvious but this change is all about CHANGE.  You know, what we voted on last year.  It's all interrelated. 

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So what good are your watches under your bridge, anyway?

[wmarat]

I have just got Macy's statement and noticed increase in APR, now it is 23.9%. Should I be offended?

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@wmarat wrote:

Well, my Macy's store card APR is 22.8%. My DW uses on regular bases, we have nice CL and have not yet paid a penny of financial charges.

So, IMHO, APR is not a reason to SD a card.

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@YoungEntrepeneur wrote:
I know that this is a little off topic but I receive a letter from Chase today stating that my interest rate for purchases and balance transfers is going to increase from 17.24% to 20.24%. That just gives me another reason to not use the card.

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[haulingthescoreup]

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wmarat wrote:

I have just got Macy's statement and noticed increase in APR, now it is 23.9%. Should I be offended?

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Don't know why you should be. It just means you're a credit card holder in the US in 2009.

[wmarat]

OK, should I be frustrated, annoyed or anxiously wait for Monday to call customer center.

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@haulingthescoreup wrote:

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@wmarat wrote:

I have just got Macy's statement and noticed increase in APR, now it is 23.9%. Should I be offended?

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Don't know why you should be. It just means you're a credit card holder in the US in 2009.

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[haulingthescoreup]

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wmarat wrote:

OK, should I be frustrated, annoyed or anxiously wait for Monday to call customer center.

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@haulingthescoreup wrote:

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@wmarat wrote:

I have just got Macy's statement and noticed increase in APR, now it is 23.9%. Should I be offended?

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Don't know why you should be. It just means you're a credit card holder in the US in 2009.

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[Anonymous]

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@wmarat wrote:

OK, should I be frustrated, annoyed or anxiously wait for Monday to call customer center.

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@haulingthescoreup wrote:

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@wmarat wrote:

I have just got Macy's statement and noticed increase in APR, now it is 23.9%. Should I be offended?

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Don't know why you should be. It just means you're a credit card holder in the US in 2009.

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Eh, you'll need to wait til Tuesday I would guess...

[Anonymous]

Subscribing - I got mine too for 2011. What a shame - this was by far the best rate I had had (7.9%) now it's the worst.I have the feeling though that all of our cards will ratejack due to the current legislation. Since our benefits (low interest, rewards) largely come from the fees and interest that they will no longer be able to take from defaulters, reponsible people's terms are going to have to get worse.(I say this having both been an irresponsible defaulter, as well as a currently responsible credit user.) It will take a few years while the APR dust clouds are both created, and then settled. The bottom line is that single digit APRs are probably a thing of the past thanks to the new administration and Congress. While politicians are admirably trying to stamp out predatory lending, I understand that I have been volunteered to foot the bill by them.

[Anonymous]

Please let me add that even though I said I was volunteered to foot the bill in the previous post, I must admit that I have a say - by just not carrying a balance.

[heirophant]

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@athensguy wrote:

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@Watchmann wrote:

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heirophant wrote: 
........  but this borders on bait and switch tactics. 

---

Not to state the obvious but this change is all about CHANGE.  You know, what we voted on last year.  It's all interrelated. 

---

So what good are your watches under your bridge, anyway?

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Watchman:

I surely did not vote for the current administration.  I voted for McCain.  Also, I didn't get a vote on the current legislation passed by congress.  If I had, I would have voted NO, because I knew exactly what it meant for my current credit card terms, which I am against.  I don't have to deal with predatory lenders because my credit is good and I don't need the goverment's protection from predatory lenders because I read my terms and conditions before I sign up for any credit card or loan.  The government has made a bad choice in the name of consumer protection in my opinion.

Athnensguy:

What does that mean?