Capital One Credit Card Interest Rate Increase

Hey all,

just received a letter from Capital One saying that their interest rate on purchases is now going to be 19.94%

Options you have is either go with it or pay off your balance and F off ( in their words close your account)

I rang them to confirm this was a customer wide decision and they confirmed that.

Since I had no outstanding balance with them I cut my card in pieces and told the to F off themselves

Applied for a new one with Abbey Flatrate of 10.59% and 56 days interest free

In general I don't use it unless for emergency plus I have another one but I only use that for work (so they then reimburse me).

BEST THING ever done was chop the bloody things in pieces a year ago and just keep what I really need AND the ones with the lowest rate

Capital One said they wanted to be competitive LOL