I got a nasty surprise when I opened my Capital One statement today. They bumped my APR up five percentage points from 7.9% to 12.9% and my monthly finance charge was nearly doubled. When I called them to find out why, they reassured me that it had nothing whatsoever to do with my credit rating, my payment history, or anything I did. Good thing, too, because I protect my credit rating like a mother bear does her cubs. They said it had to do with “current economic conditions.” Well, thank you, George W. Bush and your verschluggener economic policy. Booming economy my ass.
The only reason I got the Capital One card was to transfer a balance from an account that was charging me an outrageous APR: 12.9%. So guess what, Capital One: thanks to your pal George W. Bush (yes, I know all about your contributions to the RNC), I’m taking the first offer from a lower credit card that comes along, and you can kiss my squirrel in the process.
Oh, yeah, I hate those commercials with David Spade, too.