Why Can Capital One Raise My Rates Just Because The Economy Is Bad?

Why Can Capital One Raise My Rates Just Because The Economy Is Bad?

We’ve been getting a lot of shocked letters from Capital One customers asking how the company can get away with raising their interest rates on their cards when they “haven’t even been late with a payment.” There is, in fact, no such thing as a fixed rate card and credit card companies don’t need a “reason” to raise your rates. They can do it whenever they like.