Quote:
Originally Posted by Kard63
I called and they said that they did a massive rate hike to a lot of people but not everyone. They want to lend less but not close accounts so they are trying to dissuade you from using the card. Anyone with "good or worse credit" or had a decent sized balance got a rate hike. Naturally I have excellent credit and no balance so mine wasn't raised ;)
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that's not the case for me, nor what i was told. my credit rating hovers around 700, according to freecreditreport.com, knowing they can be off by up to 50 points, that still puts me in 650+ to 750 category. not to mention my small balance with cap one and also what i was informed when i called. also the reports on the internet stating an increase across the board.
that being said, i don't think people there know wtf is going on overall.
either way, i sent in a payment paying off my balance on the card.