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What would you do?
hopefulfooluk
Posts: 2,441 Forumite
in Credit cards
Just received an acceptance letter for a capital one card that I applied for months ago (quite a backlog it seems!).
Anyway the card looks rubbish, 29.9% APR and no intro rate. I don't need the card, I'd only applied to try and push my stooze pot up a bit.
Question is this. Shall I continue with the application and send the agreement back now that the search is on my file anyway? When I questioned the lack of intro rate and whether it would be something that they could renegotiate after 6 months or so, the girl on the phone said that they would review it every couple of months depending on how the account was used. So if that's the case I'll take the card, run it for a few months, then see if they will give me 0% for a while. But if not, I've no need for the card.
What would you do, and was the girl just talking baloney?
Cheers,
Chris
Anyway the card looks rubbish, 29.9% APR and no intro rate. I don't need the card, I'd only applied to try and push my stooze pot up a bit.
Question is this. Shall I continue with the application and send the agreement back now that the search is on my file anyway? When I questioned the lack of intro rate and whether it would be something that they could renegotiate after 6 months or so, the girl on the phone said that they would review it every couple of months depending on how the account was used. So if that's the case I'll take the card, run it for a few months, then see if they will give me 0% for a while. But if not, I've no need for the card.
What would you do, and was the girl just talking baloney?
Cheers,
Chris
0
Comments
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I would just cancel it. What's the point of using it? Do you want to pay interest on it?
Apply for another _real_ 0% intro rate.
StarX0 -
Cancel it . Capital one are offering 18 months at 0% to new customers. As an existing custimer you will get nothing.
I've been with Cap One for 18 months in January. They have never offered me anything. I close the account once I receive my purchase rebate.
J_B.0 -
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Capital One made me an offer today.
I am minded to accept it................................I have put my clock back....... Kcolc ym0 -
Just received an acceptance letter for a capital one card that I applied for months ago (quite a backlog it seems!).
What would you do, and was the girl just talking baloney?
Cheers,
Chris
I'd call them - Your doing an 18 month 0% so I will cancel this one and apply for that one - and see what they offer you0
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