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Capital One interest payments
sealady
Posts: 490 Forumite
in Credit cards
Hubby applied for a Capital one cc to improve credit rating in December 2006.
Initially the interest rate was 23.36%. There have only been 2 late payments but this was due to an error on the side of the bank (they lost the payments) this happened in the first two months of having the card. Ever since then full payments have been made about 10 days before they are due, just checked the interst and it's now 30.328%.
Is there a rule of thumb about when the interest will come down and or the credit amount being increased.
Initially the interest rate was 23.36%. There have only been 2 late payments but this was due to an error on the side of the bank (they lost the payments) this happened in the first two months of having the card. Ever since then full payments have been made about 10 days before they are due, just checked the interst and it's now 30.328%.
Is there a rule of thumb about when the interest will come down and or the credit amount being increased.
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