Complaint Review: Capital One - City Of Industry California
- Capital One capitalone.com City Of Industry, California U.S.A.
- Phone:
- Web:
- Category: Credit Card Processing (ACH) Companies
Capital One holds credit history hostage after 5 years, FRAUD RIPOFF City Of Industry California
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I got Capital One as my first line of credit when I was 18. Having established credit with one company is good on your credit report. At exactly 5 years, they started to charge a "monthly maint fee" after having a free account for 5 years. I called and asked why are they charging, they said it was a "strategic business decision" and refused to waive it. So I prompty closed my account with those @$$holes.
It should be illegal to charge to keep an account with a company after it was free for years. Pretty much their strategic decision is that after somebody has established credit with them, they will hold the account ransom and make you pay montly for it. I recommend having 3 or 4 credit cards from diff companies to avoid this. If there are any class action lawsuits for these dubious practices, I want in, my email is
Jason
largo, Florida
U.S.A.
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This report was posted on Ripoff Report on 07/08/2005 08:45 PM and is a permanent record located here: https://www.ripoffreport.com/reports/capital-one/city-of-industry-california/capital-one-holds-credit-history-hostage-after-5-years-fraud-ripoff-city-of-industry-cali-149049. 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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