Capitol One Credit Card Raises rates and begins reporting
Aug 11th, 2007 by Credit Boss
Capitol One credit cards have raised the rates pretty much across the board. If you carry this plastic, check your credit card rates. It may be time to change to a new credit card with a better rate.
On the plus side Capitol One is changing their reporting standards to the credit agencies. Capitol One had refused to report the credit limit on cardholders. This would affect the credit score. So this is good news for those that will still use the Capitol One credit card after the bad news of the high rate increases.