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debtisgood wrote:It is unlikely they will just lower it. Was the card secured before and now it is unsecured? Maybe you had a product change and that was what triggered a different interest rate. You could always call up and say, I am so happy about the credit limit increase, it will definitely make me more likely to use Capital One as my number one card, but I am concerned about the interest rate increase on my account - I am not sure I can put any major purchases on the card if I am subject to rates well above what I have on my other accounts.That should get them in motion.
stef37 wrote:
debtisgood wrote:It is unlikely they will just lower it. Was the card secured before and now it is unsecured? Maybe you had a product change and that was what triggered a different interest rate. You could always call up and say, I am so happy about the credit limit increase, it will definitely make me more likely to use Capital One as my number one card, but I am concerned about the interest rate increase on my account - I am not sure I can put any major purchases on the card if I am subject to rates well above what I have on my other accounts.That should get them in motion.OP is obviously military. The SCRA has a cap on interest at 6% while on active duty.
rubaty wrote:
stef37 wrote:
debtisgood wrote:It is unlikely they will just lower it. Was the card secured before and now it is unsecured? Maybe you had a product change and that was what triggered a different interest rate. You could always call up and say, I am so happy about the credit limit increase, it will definitely make me more likely to use Capital One as my number one card, but I am concerned about the interest rate increase on my account - I am not sure I can put any major purchases on the card if I am subject to rates well above what I have on my other accounts.That should get them in motion.OP is obviously military. The SCRA has a cap on interest at 6% while on active duty.It is only 6% if you are guard/reserve, already had the CC and get called to active duty.SCRA doesn't cover any CC that you get while serving on active duty.