New Credit Card Company Rip-Offs!!

[Rukee]

Check your rates people!! I just got a notice of change of rates for my credit card, which has a couple hundred dollar balance that I pay off every month and have been an awesome customer always paying on time for close to 30 years.
The notice I just received states the APR is changing to 29.4%!!!
Purchases are charged 17.9% interest from the time I buy till I pay off at the end of the month!!!! WTF??
Cash advance (I don't use this) APR is prime rate plus 26.4%!!!!
I would hate to have a huge ballance on this thing!!

I am sooo cutting up this CapitalOne card!!

 

[Cat Fuzz]

Since you pay-off every month they don't make any money off you. They had to figure out a way to make some money.

 

[oosyxxx]

I recently heard about a lot of banks and CC companies updating the fine print, and that people should read the updated agreements carefully to make sure nothing freaky got added. lol, Capital One, "What's in your wallet?" A 29.4%-APR-decimated pittance of cash it would seem. Do you have a Wells Fargo there? If so, you should be able to get a credit card through them (as well as a check card if you want one) that is more reasonable.

 

[Balton]

what's the Bank of America service like?

 

[oosyxxx]

They were great until they outsourced their employees' work to Mumbai. Time to change the name, methinks.

 

[Cat Fuzz]

They were great until they outsourced their employees' work to Mumbai. Time to change the name, methinks.

Yeah. Kinda a long way to drive if you need to make a deposit.

 

[oosyxxx]

Yeah.