Within the last six months, Capital One has raised hundreds of thousands of people's interest rates on their cards--some by 50% or more--without their knowledge. I only found out that mine had gone up after I had carefully read my statement 3 months after the fact. Because they didn't notify me, the "opt-out" period expired and I am stuck with the ridiculous rate.
Has this happened to you? Tell me about it. And please go here https://capitalone.questus.com/CAP140/ru/cap140_s/index.asp
to tell Capital One that you will never be a customer again. Let's be heard!
Capital One is ripping off each and every one of you who has a card!
What have you done to avoid or deal with your rate increase? (Most people have, like me, never paid late or been over the limit.)
CAPITAL ONE SUCKS! Let's unite to stop this juggernaut!
From now on when you see/hear a Capital One ad, think: "WHO's in your wallet?"

Just this month, I got a brochure from Capital One with "an important message concerning your account". I thought "great... more checks I won't use". Lo and behold, I discover the interest rate on my credit card is about to be raised FIFTY FREAKIN' PERCENT!!

Understand, please, that I have been a Capital One cardholder since 1999. Since then, I have acquired another of their cards, had the credit limits increased four times, each, applied for a personal loan (which I paid back six months early), applied for a car loan (which I paid back over a year early), and opened two bank accounts with them.

During these eight plus years, I have raised my credit score from under 450 to over 700 and even was able to secure a mortgage (from another lender) at an incredible rate. I have never once, in over a hundred months, missed or have been late on a payment, nor have ever gone over a credit limit.

So, how does Capital One reward me for being an excellent customer? By ramming their "we're poor and need more money" spiel up my ***.

I will be calling them on Monday, and telling them, in no uncertain terms, that I get a half dozen credit card offers a week --- all of them at less than Capital One's new 20% interest rate! --- and will be tearing up my credit cards, closing my bank accounts, and taking my credit cards, car loan, and mortgage refinancing to a real lender.

Great business strategy you have, Capital One! Drive away your best customers, so you can go back to being "the lender who only deals with the scum of the earth".

And, BTW, that link brings you to a survey that doesn't allow you to leave comments.

Only 20% ? Lucky you! Most tend to go above that here in NY.

I have one card that I pay off monthly except for major emergency purchases. A new CD coming out is NOT a major emergency, either!