Capital One Bank Credit Card Capital One Raises Interest Rates Charlotte North Carolina
I just received in the mail a notice that Capital One credit card interest rate is being raised to 29.4% , April, 2009. I am never late on my payments. They charge a yearly fee also.. This is criminal that these Banks/Credit Card companies can do this to their good customers after they received Government Bailout Funds from the Taxpayers of America. I am sick of the Corporate Greed in this country and upset that the banks and credit card companies are GETTING AWAY WITH IT!!!
Irate customer
Williamstown, New Jersey
U.S.A.
1 Updates & Rebuttals
Facts Facts Facts
Boerne,Texas,
U.S.A.
Economy effects your interest rate.....
#2UPDATE Employee
Wed, February 25, 2009
Although I do agree that getting your interest rate raised for no apparent reason sucks but there is a method to the madness here. As we all know the economy isn't at its best right now and capital one is not raising your rate because you missed a payment or went over it is directly connected to the industry you work in. Basically if your in real estate there more of a chance that you will lose your source of income so they are at more risk of charging off the account. It's nothing personal.