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Does Cap 1 reconsider a rate jack?

Valued Contributor

Does Cap 1 reconsider a rate jack?

I got a huge rate jack change of terms letter, does cap one reconsider? Whats the protocol?

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Established Contributor

Re: Does Cap 1 reconsider a rate jack?

I'm not sure what their thoughts will be this year but the last time they did a large scale rate jack I called the backdoor number about 6 months later and was able to have them reduce my APRs down below the rates they were at before the increases.

 

Could I have done this before 6 months?...probably. I was actually calling for a CLI and the CSR offered this to me. I plan on calling in a few months.

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