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| Posted on 2/23/09 at 02:45 PM | |
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Been a loyal, low balance carrying, on-time paying customer, with personal and business cards, carrying a fixed 8.9% since 2002. Got two letters today. As of April, my personal card goes to 18.9% and the business goes to 24.9%. They also gave very easy instructions how to 'opt out' and cancel the accounts. This has nothing to do with late payments, or any other violation of their agreements. This is, in their words, due to the 'economic conditions' we are currently under and is happening to most accounts. I asked her how hundreds of people like me, who will cancel their accounts before paying exorbitant interest rates, will help them weather the financial storm? She, of course, couldn't answer that. Has this happened to anyone else with a Capital One account?? Boy, I'm not loving this bank bailout already.  ____________________ | |
  
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