HRpartsNstuff
Member
- Joined
- May 27, 2001
FYI, I have been going along fine & paying my cc's regularly & using them for the business regularly, and ASSumed all was well. Tonight I just noticed that several times this year, my CAPITAL ONE cards got raised to almost DOUBLE for absolutely NO reason at all!
Needless to say I am PISSEDD and going to deal with it tomorrow. Probably find a way to pay it off & go elsewhere. I heard citigroup and chase and bank of america are also doing it. I have 2 thru a local bank that never raised rates in 10+ yrs, and my discover & amex are running along fine at sub-10% rates. Just having issues with cap 1, and up to 22.9 on the one!!!
Might want to pay closer attention, seems they are taking advantage of us while they can before this new law goes into place. Also got a yearly fee on cap 1 too, don't remember that either & have to check it out.
Stupid thing is, they just lost a LOT of business from me! We buy a LOT for the biz on them & pay most of it right back off (still has a balance). So they make money on each transaction (from the seller) and then make it off me on the interest, and that wasn't enough for them I guess. Might make some profits in the short term, but will hurt in the long term & will NEVER do business with them again (like I did with Sears, Bank-o-merica, and chase for same reasons in past).
Check them out! Don't take anything for granted!!
Oh yeah, already had my credit limit dropped with amex as I paid on them & got ready to buy stuff for the biz with the money. They said it was to "help" me, yeah it helped me realize I need to use my other cards more & give them all my business & no more to amex!!! Dang, forgot to tell them thanks!
Needless to say I am PISSEDD and going to deal with it tomorrow. Probably find a way to pay it off & go elsewhere. I heard citigroup and chase and bank of america are also doing it. I have 2 thru a local bank that never raised rates in 10+ yrs, and my discover & amex are running along fine at sub-10% rates. Just having issues with cap 1, and up to 22.9 on the one!!!
Might want to pay closer attention, seems they are taking advantage of us while they can before this new law goes into place. Also got a yearly fee on cap 1 too, don't remember that either & have to check it out.
Stupid thing is, they just lost a LOT of business from me! We buy a LOT for the biz on them & pay most of it right back off (still has a balance). So they make money on each transaction (from the seller) and then make it off me on the interest, and that wasn't enough for them I guess. Might make some profits in the short term, but will hurt in the long term & will NEVER do business with them again (like I did with Sears, Bank-o-merica, and chase for same reasons in past).
Check them out! Don't take anything for granted!!
Oh yeah, already had my credit limit dropped with amex as I paid on them & got ready to buy stuff for the biz with the money. They said it was to "help" me, yeah it helped me realize I need to use my other cards more & give them all my business & no more to amex!!! Dang, forgot to tell them thanks!