Capital One Bank Credit Cards
Interest Rate RIPOFF

I received a notice today that Capital One is raising my rate from 14.1% to 25.9%. The explanation received by the 'Sr. Account Specialist' was that in order for the Bank to continue on sound footing they NEED to raise their rates. I find this curious and counter-intuitive. As explained the the 'Sr. Account Specialist', by making it more difficult for customers to pay their bills it will only cause more risk for the bank by having more people default on the cards. Furthermore, as a beneficiary of using my tax dollars from TARP, the should already be secure enough to be making due on the interest they've been charging.

This is a SCAM that is being allowed by all Banks against us consumers. It must be stopped. They are no better than the predatory pay-day loan companies, and maybe worse.

I don't want much, just a fair rate and a fair payment term to pay-off my balance... Isn't that what everyone wants? These thieves - yes, that's what they are for charging rates like this during these difficult times, they are stealing from the public after the benefited from the public trust and our tax dollars.

Company: Capital One Bank Credit Cards
Country: USA
State: Utah
City: Salt Lake City
Address: P.O. Box 30285
Site: capitalone.com

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