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Capital One Rate Increases
Comments
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When they increase the rate i thought it was now in the rules that you are allowed to ring up, say no to the increase rate and do not use the card again. Your rate then stays the same until the balance is paid off and then the account is closed.I beep for Robins - Beep Beep
& Choo Choo for trains!!0 -
Hi Guys,
Just to let you know capital one increased my rate to 38.92%
Fortunately I have no balance so it make little difference but I did phone to complain and was told they were market leaders and all other card companies would follow suit.
I told them that was not true and that and increase from 14.9% when I opened the account to the rate above was abusive, it didn’t make any difference and they stood by the rate.
They offered to close the account but I figured I will buy a mars bar a month on the account (and clear it in full by direct debit) and it will cost them more to send the statement!
I have a pretty good credit rating scoring 999 on Equifax’s online score thing so the rate is definitely not reflective of my circumstances!
If you are thinking of applying for a capital one card I really wouldn’t bother their service is shocking.0 -
capone are doing it to eveyone apart from new accountjonathanadeb wrote: »Hi Guys,
Just to let you know capital one increased my rate to 38.92%
Fortunately I have no balance so it make little difference but I did phone to complain and was told they were market leaders and all other card companies would follow suit.
I told them that was not true and that and increase from 14.9% when I opened the account to the rate above was abusive, it didn’t make any difference and they stood by the rate.
They offered to close the account but I figured I will buy a mars bar a month on the account (and clear it in full by direct debit) and it will cost them more to send the statement!
I have a pretty good credit rating scoring 999 on Equifax’s online score thing so the rate is definitely not reflective of my circumstances!
If you are thinking of applying for a capital one card I really wouldn’t bother their service is shocking.0
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