I hated Capital One in college. They didn't like me checking my balance all the time. As soon as I got that letter, I transferred the balance and closed the card. I absolutely will not do business with them anymore.

Flexo-Get on Capital One's butt and have em change their policy :) That is strange of them to continue this practice!

Flexo, this is outrageous. I have a Capital One card I got for the 0% intro APR, but now regret having done this. Can't we lobby to get this changed? Maybe someone should bring in Clark Howard or one of the big guns.

Glad you bring this up. I've had some issues with Chase because of this. I needed to have some in depth conversations with some pf bloggers for advice.

-JW

IS this true for Chase Bank customers as well? Which other banks do this kinda of business?

I cancelled two Capital One cards in 2003. Despite having a promotion block on my credit reports, my Transunion and Experian reports show that Capital One has been checking them every 2 to 4 months. It makes me wonder, despite the block, what kind of information they are able to obtain. Every three weeks, I receive an advertisment in the mail asking me to sign up again.

I always mail the empty envelopes back. It's getting funny because now they are printing my name directly on the envelopes in an attempt to discourage people from mailing back their prepaid mailers, so I just cut my name out and send it in.

Does anyone happen to know how to get off of their mailing list? The phone numbers included only go to automated lines.

I opened 3 accounts with Capital One several years ago( I wish I had not) and I have been paying regularly to this writing. I closed them and they keep open them and they keep increasing the interest rates as high as 29%. I am going to close them again and record the conversation for quality purposes and if they ever open them again I will send the recording message to the media just like it hapenned to AOL. Enough is enough Capital One needs to quit taking advantage of the poor people. I quit watching the TV programs that they advertise on and in hopes that the ones that are having such unethical and possibly illegal transactions with Capital One to do the same.

i want to have capital one visa card. would you know if there is one here in the philippines and where it can be located.

thank you!

Capital One has many products. They may step in with a 0% promotion after an individual files a Chapter 7 discharge of debts and are taking a higher risk while charging no annual fee and allowing generous credit lines when other banks demand all sorts of fees. That said, it is quite frustrating that Capital One does not clearly (not in their terms and conditions) the difference between their card and most others in terms of credit issues like this, as it is a rare industry practice.

Go to the web site below if you want to stop getting all that junk mail from prescreened credit card offers and insurance offers. It explains how companies get your address and how you can limit some of the junk mail that gets sent to you. I did this last summer and the volumns of junk mail I receive has been greatly reduced.

I believe it also has a phone number you can call to opt out of unwanted phone solicitations.

For those of you who have or will have college students, get their names on the list to reduce their temptation to get credit cards for so called "emergencies". Like weekend vacations etc.

You'll be on the opt out list for 5 years and then you'll have to renew.

http://www.ftc.gov/bcp/conline/pubs/credit/pres...

I just checked my Credit Report..what's up with Capital One reporting 44 months of payments?? All of my other debtors only report up to 23 months! So any mistakes I made with Capital One..such as late payments are not going to clear up for 44 MONTHS!!!! And they do an inquiry EVERY month??!!! Is that really necessary?? I plan on calling them and giving them a piece of my mind..scam artist!!

i have 4 Cap One accounts and they are my oldest accounts as well. For a long time they did not show my credit limit, but I did just about max them all out at one time or another which established a high balance....although I am not sure that is figured in the calculation when the FICO score figures the ratio. HOWEVER, all 4 card now show a Credit Limit on all 3 credit reports. Not sure why they are doing that for me and not you. Maybe you need to ask them? At one time I threatened to close my accounts because of it. Maybe that is when they changed it? Not sure as I only pulled my credit reports about once a year.

Capitol One sent me a credit card in the mail in 2002 and the card was stolen. I reported to customer service and guess what? I received a court order 5/2008 to go to court because they are sueing me for over 1000.00 for that credit card. I found out that the card was used in the amount of 230.00. No activity but that one in 2002. All the other charges are from over the limit, late fees and etc. How can an unsecured credit card company keep an account open for 6 years accumlating fees, no activity, no attempt to notify me, and then sue me after 6 years for a card that was reported stolen? They themselves are thieves for trying to steal or collect for a card that I never got.Can someone help me please. This is not real!!I am still in shock. Mind you, I am only 23 years old, so when the card was sent I was 17. What the H... is going on?

Rather than try to change Capitol's behavior or policies just cancel the card and move on to another one. It doesn't matter which one, they are all greedy predators who take advantage of everyone they can, ESPECIALLY the poor. Let Capitol go out of business, which is what they deserve.

When you get "free offers" for more cards, do send them back in the prepaid envelopes and leave your name on them, just write over the application with a black felt marker, "No Thanks!!!" They still won't give up, but at least you send them their trash back and they continue to pay the postage which keeps the post office functioning and ultimately keeps mailing costs down for the rest of us.

If you file bankruptcy, you will receive MORE offers because credit card companies know that if someone who cannot handle credit and gets into trouble will - 99% of the time - do it again. However, this time, you cannot declare bankruptcy again for another 7 years. So, during that time, they will pile on the $39 late fees, overlimit fees, 29% interest, etc. AND put liens against your house and car and garnishee your wages. In short, you will become their SLAVE. They love you! You won't live long enough to keep up with the fees, let alone any principal. Stop being a victim, pay cash and don't spend money that you don't have.

I had three Capital One cards. I had them for about five years (Opened my first one when I was 18). I decided that I did not need three anymore so I called Customer Service and asked if she could consolidate all of my credit limits onto one card (I used my oldest card for credit aging purposes). Everything was fine until I decided to purchase a car. I understand that you should not use more than 30% of your credit limit and I have been living by that practice since opening the cards, but the same happened to me. My highest dollar amount ever charged was 600.00. My total credit limit at that time was 8500.00. When I went to purchase the auto, I was told my interest rate was going to be high because of my score. The Finance Manager was kind enough to go over my report with me. Well, I only had one account, Capital One. The problem was that my current balance was at 300.00 and with the highest amount used was 600.00, I was showing 50% credit usage! I told the Finance Manager what the credit limit was and he suggested two things: First, Capital One is a sub-prime lender. He suggested opening another card with a major bank such as National City Bank or Chase Bank. According to him, lenders look more favorably at someone who has bankcards with prime lenders. Second, he suggested I send in my Capital One statement to all three credit reporting agencies and request that my credit limit be noted (Since you are sending in a copy of your statement, it makes it very difficult for Capital One to dispute your claim). Here is the impact Capital One had on my score. When I went in to lease the auto, my score was at a 615 (Keep in mind I only had one credit card for five years with no late pays AND I don't ever apply for credit so there werer no inquiries). When the credit reporting agencies made the change, my score shot up to 687. Huge difference! I went back and leased the car I wanted at the payment I was looking for. I still have my Capital One credit card since it is my oldest account. I normally charge a tank of gas a month and pay it off in order to keep it reporting. I did go and apply for a Chase Platinum Visa card. I received it with a 15K credit line. I seriously don't think that would have happened had I not taken the Finance Manager's advice. Today, I have a Chase card, my Capital One card, an auto lease, and a mortgage. I recently checked my scores and they are: 743, 751, and 748. So, keep on top of those creditors. The only way you will keep your score is by staying on top of them!

Capital One needs to be stopped. People need to file class action law suits (strength in numbers :) and please report them to all the qualified agencys that can help you. Your attorney general, Better Business Bureau, Fair Trade Commision, are some for starters.
It's a shame that they are doing things that are totally UNETHICAL and ILLEGAL!!!
Write your congressman also. This is the WORSE company out there, in my opinion. STAY AWAY FROM THESE VULTURES.