topic Re: Cap One in Credit Cards

Cap One

Anonymous — Wed, 24 Feb 2010 16:41:59 GMT

Recieve a 7.9 percent increase 3 days prior to new Fed rules from Cap One or 'Capone' synonomous w/ other notorious people. Said that "Promotional balance had expired" There was no Promo Balance. No satisfaction w/ call center. No adjustment? What's up?

Re: Cap One

Anonymous — Wed, 24 Feb 2010 19:58:45 GMT

I'm pretty sure all of their cards start out with a promo APR that then becomes variable--this is not new, so I don't think it's related to the CARD act. If you go the credit card section of the website you can see this. My APR increased after 8 or 10 months, but since I don't revolve balances, I don't care. If this was in your initial agreement, I guess they don't have a particular incentive to change it.

Re: Cap One

lkcrew426 — Thu, 25 Feb 2010 05:22:08 GMT

@Anonymous wrote:
Recieve a 7.9 percent increase 3 days prior to new Fed rules from Cap One or 'Capone' synonomous w/ other notorious people. Said that "Promotional balance had expired" There was no Promo Balance. No satisfaction w/ call center. No adjustment? What's up?

I was given the same response when I questioned the increase from 13.9 to 22.9. They instructed me that the changes were sent out in a letter last january. Seriously? I don't carry balances so it doesn't really matter, but it is frustrating. Hopefully soon I can move on to bigger and better cards anyway.

Re: Cap One

Anonymous — Thu, 25 Feb 2010 07:44:54 GMT

CapOne has me sitting on a 22.99% APR as well. I don't think they're going to budge for anyone. Move along to better cards.