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Capital One recently sent announcements to even their best customers with perfect payment on-time payment records that rates were going up. For a long time, Capital One offered fair interest rates like 9.9%. They decided a few months ago to jump those to 26% or more.
Of course they're sending a message to their long-time customers that they don't really want to be in the credit card business, so of course I called immediately to reject the change in terms and permanently close my account.
Sky-high interest rates are a hassle that nobody deserves.
Got other accounts with Capital One?? Why not close those out too!?!?! A sleazy bank is a sleazy bank....
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