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Ripoff Report | Capital One Review - City Of Industry, California
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Report: #308432

Complaint Review: Capital One Credit Card - City Of Industry California

  • Submitted:
  • Updated:
  • Reported By: Evansville Indiana
  • Author Confirmed What's this?
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  • Capital One Credit Card PO Box 60024 City Of Industry, California U.S.A.

Capital One Credit Card Changed my lifetime fixed rate City Of Industry California

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I had a Capital One Credit Card for many many years. When I took it out I was promised fixed 9.9% for life. I always always paid before payment was due because I knew the penalty of losing the fixed rate if I didn't. I paid the card off and had a zero balance, but did not want to close the account.

After a month of zero balance, Capital One sent me a letter stating that because of a business decision, nothing I had done, they were increasing my rate to prime + and it is currently 14.9%. I feel that the business decision was due with my zero balance and a punishment for paying off my card.

Debbie
Evansville, Indiana
U.S.A.

This report was posted on Ripoff Report on 02/12/2008 07:34 PM and is a permanent record located here: https://www.ripoffreport.com/reports/capital-one-credit-card/city-of-industry-california-91716/capital-one-credit-card-changed-my-lifetime-fixed-rate-city-of-industry-california-308432. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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