I just received my Capital One credit card statement and found that my minimum payment had just jumped from $89 to $128 a month on a $5000 balance. On further investigation discovered that my APR % rate had jumped from 9.9% to 17.64%. Never missed a payment, always paid more than my minimum, good customer for over 10 years, how’s that for thanks. When I called them I was given the old “tough decisions in tough economic times”, song and dance. Always told everyone that Capital One was a great company to deal with, guess I’ll have to re-think my customer loyalty.
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