Capital One hiking rates

iVillage Member
Registered: 03-26-2003
Capital One hiking rates
6
Thu, 05-21-2009 - 11:49am

I got a notice in the mail yesterday that as of July's billing cycle, my current APR become a promotional APR... and effective April 2010, the rate will be hiked to a variable rate... currently 22%.

 

iVillage Member
Registered: 12-10-2003
Thu, 05-21-2009 - 1:06pm
We got one of the interest rate increase letters from Capital One this week as well. I made DH immediately call and opt out of the changes. We were planning on closing the account once it was paid off but would rather close it now to keep the balance at the current rate while we finish paying it off. I'm almost afraid to ask which card will be raising their rates next. :(
Community Leader
Registered: 07-26-1999
Thu, 05-21-2009 - 3:45pm
I got one the other day also.
Photobucket
Community Leader
Registered: 07-26-1999
Thu, 05-21-2009 - 4:37pm
Hmm, I am rereading this after reading your vent in the vent thread, I will need to go back and read mine again.
Photobucket
iVillage Member
Registered: 05-18-2005
Sat, 05-23-2009 - 7:48pm

Hi,

Jan
iVillage Member
Registered: 03-26-2003
Sat, 05-23-2009 - 11:02pm

"These banks are trying to get this all in before the new laws go into effect.

 

iVillage Member
Registered: 08-04-2008
Tue, 05-26-2009 - 12:12pm

I got the Cap One letter this weekend and called to cancel my account as well.