Capital One Classic Reviews

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Capital One Classic
Issued by Capital One

Total Posts: 2

Average Rating:

Category: Regular

Showing 1 - 2 of a total of 2 Commentaries

1-2

"best credit card"

I had bad credit and was unable to borrow money and was turned down by every credit card i tried.Even my own bank would't approve me.One day i happened across CapitalOnes web site promising approval.Skeptical i applied anyway and to my suprise two weeks later my Capital One Mastercard arrived with a $500.00 limit.Rebuilding my credit has been a slow process but over the last year i have gotten my limit up to $1500 dollars.Just in time to as i was recently hired for a full time job and without my credit card i would never have been able to fix my car and would have had to turn down the job.Did i mention that i was on welfare when i applied for this card and was still approved!

Most attractive feature: approved even on low income.free $25 when signing up with this #CST7X6CAP7

Least attractive feature: slow to raise limit

Overall:

Benefits:

Service:

Posted by: John

Date: 8/19/2008

Recommend?

This person does recommend this card.

"They lied to me about this being a fixed rate card."

I was excited in the beginning to get this Capitol One Master card due to the great rate that they offered me. I called when I received the card to verify that this was a 4.99% fixed rate, and documented this information after verification. Looked at my April 2007 statement and noticed that they had changed my FIXED rate to a 9.90% rate. I have NEVER had a late payment and have used this card for everyhing for the last 3 or 4 years. After calling them and having to go through 3 or 4 different people to ask why this was changed, they told me that is was done "across the board" to everyone, and that they "reserve the right at any time to change your rate on you." They also told me that I misunderstood the guy I spoke to and documented that I had spoke with to verify that this indeed was a FIXED rate. This to me is lying due to the fact they advertised this to be a fixed rate and not a variable rate. They than offended me by offering me a better rate of 8.99% and that was as low as they could go. I declined and told them to pay off this card from another account I have and close the card right away. I than looked online and they are offering 7.99% to new customers. So this is how they treat their loyal longtime customers. I had to call them again due to the fact that they hadn't paid off the card like I had asked them to do- so I could close the account, and had to go through another 3-4 people trying to get someone that would get it closed for me. I will never do business with this company again. They are a very unethical company as far as I am concerned and I tell everyone I know this story so that they will also choose another company to do their business with. Guess whats NOT in my wallet>????????

Most attractive feature: Initial promised rate was a good one- but lied about the rate being fixed and not variable

Least attractive feature: Changed my FIXED rate card from 4.99% to 9.99% without reason.

Overall: