I have been a Capital One user for a good 15 years. In all that time I've never had a late payment. I generally carry a 500.00 - 1200.00 balance. My interest rate in the past was fixed at 7.9% and then about a year ago was raised to 10.9. I figured that the economy being in the crapper was the reason. But today they pissed me off
I received a letter stating that due to economic conditions ( not caused by me ) they are raising the rate in April to 17.9%. And heaven forbid if you make one late payment because they state the interest rate will AUTOMATICALLY roll to 24.9% ADJUSTABLE RATE !!!!! It gets better, they state in this letter that I don't have to accept these new terms, just call them to refuse the increase and they will drop me as a customer
I have been a loyal good paying customer and I'm being rewarded by their incompetance by this!!!!! Well guess what Capital One, next months statement will be my last because I will pay for it in full and then call YOU to cancel you rotten bastards
Are any of you guys and gals getting this same bull$hit ? My wife and I are good hard working people, we pay or taxes and debts just like you're supposed to. We don't ask for handouts we just take care of ourselves.......you know the American dream. This really pisses me off, I need a drink.
