@Little_Lulu wrote:Important info bolded.
I was accepted for the Journey card a few weeks ago. I want to apply for the Capital 1 Platinum card now. I have a 23% interest rate on my new car loan opened last month. I want to refinance within a year. I was told it was a 16% interest rate by the car dealership but I was lied to (that's a long story... I was obviously ripped off because I'm young and inexperienced... They also added on $1500 for an optional extended warranty. The guy told me to sign it... he did it really quickly and I trusted him.. Stupid of me to sign something without reading.. but I thought he was making me sign what we were talking about. Anyway, I got that taken care of today.
@juggalo9er wrote:you may be able to cancel the added policy for the 1500 if within 30 days...read quickly and call to cancel it
Absolutely... Generally speaking those extended warranties are a ripoff. I only know because I myself fell for the exact same thing... a $3000 policy the first time I ever bought a car. I was too busy listening to the salesman spew his nonsense and not paying attention to what I was signing.
It took me over 3 months to get mine cancelled and refunded... I called first and then had to go to the dealership and raise cain because they literally didn't do anything for 2 months... the financing guy made the whole process a nightmare. I had to go over his head to the sales manager and general manager to get it done.
It worked though... they sent the check to my lienholder and I learned a valuable lesson in car buying... pay attention to what you are signing and don't buy any extended warranties.