Die Capital One

[tarots]

So.

A credit card company informed me by snail mail that my rate will be increased on
May 17, 2009 at 8:01pm EST.

Due to extraordinary changes in the economic environment...I can opt out

Comments

[asifallforever]

I would say that you should be able to opt out. Considering that you have good credit you should tell them not to or you will take your buisness elsewhere.

[tarots]

Capital One states that the increase is non-negotiable across the board.

After doing my research and bitching (at Capital One), I transferred my
balance to a zero percent rate for 12 months card and will continue to
mull over closing the Capital One card since I have until May.

I'm just happy to have taken something away from them, no matter that it
is an insignificant amount of money. I know it added to their healthy
bottom line. That damned line 'extraordinary changes..' just put me over
the edge. They've managed to add several banks to their portfolio in the
past year and they have the balls to do this to accounts that kept balances??

This whole thing stinks.

Anything more that I might say about how it feels like punishment for working
my ass off for a mortgage I can afford, a decent credit score, excellent
available credit for emergencies and a previously healthy retirement
account(s) would make me sound like a total ass so I'm done now.