ED Magedson – Founder
CapitalOne credit cardP.O. Box 30285 Salt Lake City, Utah United States of America
In 2007 we wanted to establish credit so we applied for several credit cards. Premier Credit gaves us two. In a timely manner we paid them off. At the same time CapitalOne issued us a card with a limit of $300.00.
$121.00 was all that was available on the card with a start-up fee of $179.00. I started making payments on it and even used it a couple of time at X-mas.
Now all this time we have been paying on this card the payments have gone up and the credit limit turned into $500.00.
In 2008 we called and wrote to cancel the card,but thhe payments and interst and past due fees, card protection, and overlimit fees have soared.
In February 2009 AlliedInterstate wrote to say that CapitalOne wanted their money and was turning us into the credit bureau for the amount of $599.27.
In June 2009 we paid them off and now have received a statement form Capitalone that we now owe them $595.72.
I've not always been able to pay on time, but I have also not used the card in 2 years.
This report was posted on Ripoff Report on 09/15/2009 03:16 PM and is a permanent record located here: http://www.ripoffreport.com/reports/capitalone-credit-card/salt-lake-city-utah-84130-0285/credit-card-processing-ach-companiescapitalone-credit-cacapitalone-credit-card-in2-09-cfce6htm-495319. 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.
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