Ashley
Springfield,#2Consumer Comment
Wed, August 05, 2009
"" Simply mailing the notice does not mean it was provided to me. "" yes, it does mean it was provided to you. How else should they get it to you? "bad faith" is unimportant. They have the legal right, under the contract you signed, to set the rate they deem fair on your account. You have the legal right to cancel service with them if you do not like the terms of the deal. You do not have a right to a credit card. Nor do you have a right to a credit card with a good rate. Yes they are doing this in advance of the new legislation. The new legislation is not outlawing rate hikes, it will just make it take longer to hike your rate.
Steph
Minor Hill,#3Consumer Comment
Wed, August 05, 2009
Call Capitol One and tell them you are cancelling your card. I used to have thier credit card and they are a total rip off. If some credit card raises my rates I would cancell it