topic Capital One Membership Fee Credit in Credit Cards

Capital One Membership Fee Credit

BrokaToe — Sun, 12 May 2013 16:05:39 GMT

I logged into my cap1 account this morning because my statement cuts today, just wanted to make sure everything looked good $0 balance etc.

It's a secured card I got last year and I decided to go ahead and keep it 1 more year, so of course they hit my account with the AF right before the statement cut so this balance will report.

But the strange thing is, the AF is $29, so that fee was on my statement, but they gave me an $8 fee credit, so basically the made my AF $21 instead of $29. Has anyone had this happen before? Any ideas as to why? Maybe just good management on my part earned me a discount?

Thanks-

Re: Capital One Membership Fee Credit

cottoncrown — Sun, 12 May 2013 17:53:13 GMT

They are trying to entice you to keep it open as most people probably close the account after a year and take their deposit. It's easy money for them.

Re: Capital One Membership Fee Credit

RTOrockstar — Sun, 12 May 2013 18:05:25 GMT

They did me the same way. I don't understand it, but $8 is $8. I'll take it!

Re: Capital One Membership Fee Credit

BrokaToe — Sun, 12 May 2013 18:22:47 GMT

@RTOrockstar wrote:
They did me the same way. I don't understand it, but $8 is $8. I'll take it!

Yah I hear ya, seeing how I'd decided to keep the card open for another year anyway, I was glad to see the $8 credit

Re: Capital One Membership Fee Credit

injustifiiable — Tue, 14 May 2013 17:08:07 GMT

Damn, where's my $8??? lol