Credit Cards Center Credit cards from our partners
Reply
Frequent Contributor
Posts: 318
Registered: ‎06-27-2008
0

Capital One and their AF...

I've noticed that Crapital One is imposing AF's on current card holders. Anyone know the reason for this?

myFICO - EQ: 776 EX: 763 TU: 791
Epic Contributor
Posts: 25,851
Registered: ‎10-23-2007
0

Re: Capital One and their AF...

They are blaming it on the new credit card law, just like all the banks are doing.

Fico Scores 8: EX 694. TU 689. EQ 658. 05/26/2015
Frequent Contributor
Posts: 267
Registered: ‎07-28-2009
0

Re: Capital One and their AF...


Creditaddict wrote:

They are blaming it on the new credit card law, just like all the banks are doing.


Well, I work for a finacial institution based in Long Beach, CA & hearing the new fee structure for CC's is laughable, and that is the rhetoric....the "blame" is the new CC laws. I laugh simply because (though myself and many counterparts hear this) I know I am one of a FEW within my counterparts that understand it has NOTHING to do with CC laws. It is simple GREED and the fact that the gov cut the hard revenue tactics off by the mid-section, well...not totally but it forced the companies to come up with new ways to nickel and dime you to death.....


Starting Score: TU: ?-- EQ: ?--EX 560 (8-08)
Current Score: TU: 671 (3-10) 625 (4-10/Rebucketed)--EQ: 674 (3-10)--EX 630 (Lender 11-09)
Goal Score: TU: 750--EQ: 760


Take the FICO Fitness Challenge
Epic Contributor
Posts: 25,851
Registered: ‎10-23-2007
0

Re: Capital One and their AF...

 


Pushto700 wrote:

Creditaddict wrote:

They are blaming it on the new credit card law, just like all the banks are doing.


Well, I work for a finacial institution based in Long Beach, CA & hearing the new fee structure for CC's is laughable, and that is the rhetoric....the "blame" is the new CC laws. I laugh simply because (though myself and many counterparts hear this) I know I am one of a FEW within my counterparts that understand it has NOTHING to do with CC laws. It is simple GREED and the fact that the gov cut the hard revenue tactics off by the mid-section, well...not totally but it forced the companies to come up with new ways to nickel and dime you to death.....


+1!!!

 

Fico Scores 8: EX 694. TU 689. EQ 658. 05/26/2015
Contributor
Posts: 79
Registered: ‎10-09-2008
0

Re: Capital One and their AF...

 


Creditaddict wrote:

 


Pushto700 wrote:

Creditaddict wrote:

They are blaming it on the new credit card law, just like all the banks are doing.


Well, I work for a finacial institution based in Long Beach, CA & hearing the new fee structure for CC's is laughable, and that is the rhetoric....the "blame" is the new CC laws. I laugh simply because (though myself and many counterparts hear this) I know I am one of a FEW within my counterparts that understand it has NOTHING to do with CC laws. It is simple GREED and the fact that the gov cut the hard revenue tactics off by the mid-section, well...not totally but it forced the companies to come up with new ways to nickel and dime you to death.....


+1!!!

 


Well then, it is due to the new credit card law Smiley Tongue.  They can no longer make money by slapping you with all their other fees so they now slap you with an annual fee and, instead of blaming it on themselves, blame it on the new requirements

 

Highlighted
Frequent Contributor
Posts: 267
Registered: ‎07-28-2009
0

Re: Capital One and their AF...


wajj wrote:

 


Creditaddict wrote:

 


Pushto700 wrote:

Creditaddict wrote:

They are blaming it on the new credit card law, just like all the banks are doing.


Well, I work for a finacial institution based in Long Beach, CA & hearing the new fee structure for CC's is laughable, and that is the rhetoric....the "blame" is the new CC laws. I laugh simply because (though myself and many counterparts hear this) I know I am one of a FEW within my counterparts that understand it has NOTHING to do with CC laws. It is simple GREED and the fact that the gov cut the hard revenue tactics off by the mid-section, well...not totally but it forced the companies to come up with new ways to nickel and dime you to death.....


+1!!!

 


Well then, it is due to the new credit card law Smiley Tongue.  They can no longer make money by slapping you with all their other fees so they now slap you with an annual fee and, instead of blaming it on themselves, blame it on the new requirements

 


LOL, I know right? The reasoning is laughable....but they REALLY, really belive what they say and SOOO many people eat it up as the Gospel. I cannot stand listening to that crap, lol.


Starting Score: TU: ?-- EQ: ?--EX 560 (8-08)
Current Score: TU: 671 (3-10) 625 (4-10/Rebucketed)--EQ: 674 (3-10)--EX 630 (Lender 11-09)
Goal Score: TU: 750--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.