anyone get a capital one letter today?

Grimley · 29 Jan 2009 at 21:29

If they send me such a letter the cards going back to them (in bits & a cancellation letter) :mad:

ste_bla · 29 Jan 2009 at 22:06

neiljung said:
I don't own a credit card and never intend to. If I want something I'll save for it or be sure I have the money now.

Its a credit card, you cant own it :eek:

(Bad joke I know)

Rich1988 · 29 Jan 2009 at 22:12

neiljung said:
I don't own a credit card and never intend to. If I want something I'll save for it or be sure I have the money now.

I have a credit card and use it for everything I buy (bar a few cash purchases) simply because it offers me so much more protection and 1% cashback on everything I buy, I pay it off in full every month or credit it so it earns me interest either way I would never go back to using my debit card.

The Mad Rapper · 29 Jan 2009 at 22:26

You can do better TBH. If you don't need the cards then close the accounts and look elsewhere IMHO.

Hxc · 29 Jan 2009 at 22:30

I really don't understand the hate toward credit cards some people here have. It completely baffles me. As soon as I hit 18 I'll be using a credit card for most things; petrol, online buys, the like. It's safer and I'll need a credit rating after uni in order to even have a hope of getting a morgage on a house!

platinum87 · 29 Jan 2009 at 22:36

neiljung said:
So you would suggest that a person that demonstrably can't manage their finances get's a credit card? I don't get it.

its a simple matter of cash flow

Hxc said:
I really don't understand the hate toward credit cards some people here have. It completely baffles me. As soon as I hit 18 I'll be using a credit card for most things; petrol, online buys, the like. It's safer and I'll need a credit rating after uni in order to even have a hope of getting a morgage on a house!

i am stunned you have said something useful, but you should have 1 card that you pay the full balance each month, and only buy little things, then simply get cards for buying that PC or whatever with 0% on purchases, month before its gone apply for a card with a balance transfer 0%, youd pay 3% fee but hopefully its long.

platypus · 30 Jan 2009 at 11:16

Haven't received a letter yet, but I'll cancel my card if I can get an ok interest rate one.

Been thinking about moving for a while anyway

jrodga2k5 · 30 Jan 2009 at 11:21

The Capital One spokeswoman said she believed no customer would suffer a rate increase of more than 6.94%, and that the company would not increase the interest rates of any of customers who are on a promotional rate.

My promotional rate of 0% stands

November 2009 thnx

megakid · 30 Jan 2009 at 11:23

NathanE said:
My Capital One card is 0% until September 2009...

Bit like my mortgage! If BoE cut rates by 0.5% in Feb as they are expected to do my mortgage will be 0.49% until October 2009 with the possibility of another similar cut in between!

Jambo · 30 Jan 2009 at 11:27

Does anyone know how to check your APR with Capital One?

platypus · 30 Jan 2009 at 11:27

Check your statement..

platinum87 · 30 Jan 2009 at 11:29

Jambo said:
Does anyone know how to check your APR with Capital One?

on your statement

jrodga2k5 · 30 Jan 2009 at 11:34

Should be on your online account also

Jambo · 30 Jan 2009 at 12:36

I didn't think that was the APR. Mine is 3.280%. When I opened it years ago it was 5.9% - I don't think it would go down to 3.280%. Is that not a different rate on the statement? It describes it as annual interest rate. Annual percentage rate/annual interest rate, are they the same?

platinum87 · 30 Jan 2009 at 16:39

Jambo said:
I didn't think that was the APR. Mine is 3.280%. When I opened it years ago it was 5.9% - I don't think it would go down to 3.280%. Is that not a different rate on the statement? It describes it as annual interest rate. Annual percentage rate/annual interest rate, are they the same?

....

on your statement right under the actual activity there is (on page 1) (this is mine)

Standard Purchase Interest 15.110%
Standard Cash Withdrawal Interest 19.330%
Standard balance transfer interest 9.480%

if you have 3.2% then :eek:

Jambo · 30 Jan 2009 at 16:45

platinum87 said:
....

on your statement right under the actual activity there is (on page 1) (this is mine)

Standard Purchase Interest 15.110%
Standard Cash Withdrawal Interest 19.330%
Standard balance transfer interest 9.480%

if you have 3.2% then

Lol

Purchase interest is 3.28% and cash is 15.78%.

Hopefully I don't get an increase.

platinum87 · 30 Jan 2009 at 16:58

Jambo said:
Lol

Purchase interest is 3.28% and cash is 15.78%.

Hopefully I don't get an increase.

if it does transfer everything to the Virgin or MBNA Platinum Plus card... 0%BT's and super transfers! top notch its a 2.9/3% fee so at your current rate the hassle isnt worth it

Jambo · 30 Jan 2009 at 17:03

platinum87 said:
if it does transfer everything to the Virgin or MBNA Platinum Plus card... 0%BT's and super transfers! top notch its a 2.9/3% fee so at your current rate the hassle isnt worth it

Thanks but I've already got two MBNA's, I don't think I would get another one. When I got the second they split my limits.

Your post was like a subliminal message because my Capital One card is a No Hassle Platinum platinum.

platinum87 · 30 Jan 2009 at 17:09

Jambo said:
Thanks but I've already got two MBNA's, I don't think I would get another one. When I got the second they split my limits.

Your post was like a subliminal message because my Capital One card is a No Hassle Platinum platinum.

lol,

they wont split if your already at your limit on the 1st card

turtle1000 · 30 Jan 2009 at 17:30

Had one of these letters too. Interest up from 14.9% to 23.9% :mad:

Card now cancelled