• Report: #428015

Complaint Review: Capital One Bank Credit Card

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  • Submitted: Tuesday, February 24, 2009
  • Last Posting: Wednesday, February 25, 2009
  • Reported By: — Williamstown New Jersey
Capital One Bank Credit Card
PO Box 70884 Charlotte North Carolina 28272 U.S.A.

Capital One Bank Credit Card Capital One Raises Interest Rates Charlotte North Carolina


1Author 0Consumer 1Employee/Owner

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I just received in the mail a notice that Capital One credit card interest rate is being raised to 29.4% , April, 2009. I am never late on my payments. They charge a yearly fee also.. This is criminal that these Banks/Credit Card companies can do this to their good customers after they received Government Bailout Funds from the Taxpayers of America. I am sick of the Corporate Greed in this country and upset that the banks and credit card companies are GETTING AWAY WITH IT!!!

Irate customer
Williamstown, New Jersey
U.S.A.

This report was posted on Ripoff Report on 2/24/2009 2:28:44 PM and is a permanent record located here: http://www.ripoffreport.com/credit-services/capital-one-bank-cre/capital-one-bank-credit-card-c-3a2gf.htm.

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1Author 0Consumer 1Employee/Owner
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#1 Employee

Economy effects your interest rate.....

AUTHOR: Facts Facts Facts - Boerne (U.S.A.)

SUBMITTED: Wednesday, February 25, 2009

Although I do agree that getting your interest rate raised for no apparent reason sucks but there is a method to the madness here. As we all know the economy isn't at its best right now and capital one is not raising your rate because you missed a payment or went over it is directly connected to the industry you work in. Basically if your in real estate there more of a chance that you will lose your source of income so they are at more risk of charging off the account. It's nothing personal.
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