A few months ago I got some sort of similar notice from Capital One about my one and only credit card account.
I've had a good interest rate for a good while, never late on a payment, and usually carried a balance for several months, maybe a year, then I would pay it off - or near off - and start anew.
I couldn't believe the hike in the interest rate they were gonna stick me with.
I called them up, pleaded my case and the good man basically said, "No Soup For You!" before I hung up on him.
I promptly cancelled the account, which I was allowed to do while keeping my old terms.
And the only reason our friends could give me was because of the "type of account and the length of time I had it."
I now keep cash in the debit card account and it works just as well. And, it keeps me from accumilating debt.
Scroom All!
