Capital One Rant - Interest Rate Raised 8% for NO reason

Capital One raised my interest rate by 8% for no reason. It is their prerogative. They are allowed to do that. I understand. However, I have never missed a payment. I have gone over the limit 3 times ever in the just about 5 years I have had the card. Once, was due to them posting my payment late, which they then fixed.

Comment below letting me know if YOU have ever had any "Capital One" problems or [Capital One] drama so to speak. Also, do you have a better place to go for credit? Let me know.

Whats in my wallet? Not a Capital One. I'll keep the card because there is no monthly or yearly fees but I will not use it unless its my only option.

-Benjamin Lewis

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[Sassymarkrep]

I can't wait to pay them off.

[NWABCS]

@Sassymarkrep Meeeeeee tooooooooo. I did before but when I moved, I had a lot of expenses. Luckily for me, they had raised my limit. I'll have them paid off by end of summer though.

[keu143146]

I PAID OFF CAP 1!!! (: wah-woo I will NEVER go back to them!! (:

[NWABCS]

@keu143146 Congrats :)

I will be done with them in August.

[keu143146]

I had an interest rate of 7.95, I was with them for about 8 years & was an outstanding customer. One day for no reason they raised my rate 10%. I called & was so mad....the maneger promised me if I opted out & closed it; itd go to 7.95 untill it was paid....(at that point I was not using any cards just paying off 1 at a time) yeah they still raised it....why are they messing with a closed card??? Capital One is the worst company ever! UGH!!! I cant wait to get them PAID OFF!!!!!

[NWABCS]

@keu143146 I heard that last year, across the board, they raised interest rates hoping people would cancel. I'm not sure how true that is. I am going to keep this one open (just in case) after I pay it off for a final time. I had to use it the last few months sadly :(

However, I plan on building up my credit, getting a credit card at a credit union (by law they cannot charge more than 18%) and just using that IF I ever need it.

[NWABCS]

@fitliner yup yup  :)

[fitliner]

Hi ben peter here, always be careful (remember me from skype?)

[NWABCS]

LOL. Very possible.

[Yutz625]

It probably went up because of your status in Ben Lewis Inc.