SunnyC March 7, 2009 at 1:17 pm

I agree with you about keeping the Capital one card to have a longer credit history, but I just got my notice this week after hearing about the potential rate increase a week or so ago, however, mine increased to 24.99%! It’s so unfair to people like us who’ve always been good customers and haven’t ever been late. Thankfully, I paid the last of it off, so it doesn’t bother me quite as much, but if I would have had a balance, I’d be pretty ticked, especially after hearing about the 17.9% notices on the week before. Do you think there’s a method to who gets what interest rate, or did they draw my name out of a hat for the 24.99%?

Heyagainlando March 8, 2009 at 4:20 pm

hey Sunny, I’m not so sure that the rate hike is random, they are probably pushing for every dollar they can get.

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