Should I keep my Capital One card...interest rate hike?

K

K.C.

New member
I do know I'm not the only person experiencing rate hikes for no apparent reason...I pay on time each month and don't go above 30% -- I sometimes pay in full sometimes carry a balance and if I have to carry a balance I pay it down to zero then don't use it again until I need it.

Should I keep this card --- my current rate is 15.?% and the rate would go from that to 22% --- I do have 2 other major credit cards
I've had the card a little less than a year so it's not like it helped a lot in terms of credit history
 
i've had a cap one card for 9 years, had a 5.24% interest rate on a 20K line. Received a note that said they were raising to 13.99% and cutting line to $10K. Told them they could pound all types of sand. I canceled and went with another lender, 7.15%, higher, but certainly not 14%!!

I think cap one will be first major bank to go under once they do credit card reform and the credit card market is the next sector to implode.

Kick them to the curb. You have decent credit if your rate was 15%, so you can find at least as good elsewhere.
 
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