Complaint / Review
Capital One
Interest-Free Promotional Check Had Hidden Condition

Capital One, around the end of sent out promotional checks that were to be interest free for one year (to be deducted from your removing credit line). For a fee of 2%. The promotion lead you to believe that if the check cleared by the stipulated time you would get that amount, interest free for twelve months.

What was not specified, was that the money would only be interest free if you did not use your credit card for that twelve months. I deposited the check within the time limit, but now I find, not only did I give them their 2% but now I will have to pay off the loan immediately or pay interest on that loan until it is paid off.

How is that legal? Do they need not include that little detail?