ignorance sans bliss

"Die, CreditCard-Mommie die, die!!"

So I just got a notice from Capital One saying that:

"at Capital One we are committed to providing valuable customers like you with honest and open communication. Today, we're notifying you that terms of your account are changing."

"Due to the extraordinary changes in the economic environment, we're reviewing our existing credit card accounts. . . . [and] we will be changing your Purchase and Balance Transfer rate. "

After 2010 the rate will go up to 17.9%, and vary by adding 14.65% to the Prime Rate. Then, they are raising my default rate to 29.4%. It may vary monthly and will be determined by adding 26.15% to the Prime rate.

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