05-22-2009 09:43 AM
Dang it! I thought I might have been able to swing under-the-radar and get away scot-free without an increase in my APR. Much to my horror, I got the letter last night. It's going from 9.9 to 17.99!!!!!! Never a day late in its life, never overlimit-- I've been the ideal customer.
Guess who's getting paid off and not used for a long time???
05-22-2009 11:51 AM
I got the same letter yesterday. Never late or over the limit on my CapOne either. When my cards are paid down, I'm just going to SD all of them and only buy gum or a candy bar with them every 3 months.
05-22-2009 01:18 PM
05-22-2009 01:49 PM
You know what? From what I'm reading from another PP post
to be specific)
Why in the world is it that NEW CUSTOMERS (no offense, anyone) are getting a promo rate until 2011???!? This makes me angry. I have been a loyal, good-standing customer (even giving them the occasional finance charge to make them happy)for years.
That's it. I've had it. I will be calling the backdoor for all of us and requesting this "magical" promo rate as well. Wish me luck, pp- I have a feeling I'll be needing it.
05-22-2009 02:14 PM
I feel bad for all of you, and Im worried it will happen to me too. I just opened a new Capital One card, and got 0% APR til December of this year, then its going up to 8.9%....and Im afraid I too will get a letter shortly after that, notifying of an increase.......(although Im really hoping I dont...)
At least I have until December to take advantage of the 0%
05-22-2009 04:52 PM
I opened a new Capital One credit card last month. They gave me a $25,000 credit line. I too opened the mail this week and they doubled my rate as of 2010. The current rate is now promotional.
I am never going to carry a balance so they wont make any interest money on me. For all I care they can close the account.
Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.