Capital One Bank Credit Cards
Rate raised from 14.1% to 25.9% despite bank bailout funds
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 'Sr. ...