Capital One Informative - Capital One Ups Rate 130%!!! from 6.9 to 15.9 FOR NO REASON
CALIFORNIA -- I think a previous poster meant rate is now 6% higher. I just received notice that MY RATE is going to be 15.9% as of next month! It has been 6.9% and that was NOT a "special" rate! So MY RATE is going to be 9% higher WHICH IS A 130% (ONE HUNDRED THIRTY! PERCENT) INCREASE and COMPLETELY UNACCEPTABLE!
I have called twice and their answer they are told to say is "for economic reasons". I have a FICO right at/near 800 and have never had a late payment on ANY credit card in 30 YEARS!
I have another card that is and has been 5.9% fixed rate since I had it..my next highest rate is 9.99% and 10.15%.
I'm sure everyone here knows Capital One has failed to report credit limits on your credit reports AGAINST FEDERAL REGULATIONS which HURTS your score when looking at debt to available credit.
A supervisor just told me they plan to start reporting limits at the end of this year!
What's in my wallet? NOT THIS CARD ANYMORE!
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