Anyone else have a Capital One credit card? 5 replies

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super6-4

GF is my bext friend *hugs GF*

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26th July 2004

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#1 10 years ago

so i received the capital one platinum mastercard i applied for today, i go to activate it and im put on the line with some asian or indian dude in which i cant understand 5 words out of. then i create an account at capital one website and ive already been charged a "member fee" of $39, so i send an email and call customer service about it and ask what is this member fee. they tell me its an annual fee which was apply each year. i then said but the card i applied for and received says no annual fee. her answer was well you dont have a credit history (this is my first major card, im a college student), so therefore it applies. i go on the internet and type capital one member fee in google and holy sh*t the results i got, countless articles and forum topics of people who received the same fee despite there card not having one. many said this company is the biggest scam and shouldnt be given business.

so has anyone gotten this problem with capital one, i am considering close the account and going else where




Octovon

Spaceman

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5th August 2003

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#2 10 years ago

Normally I'd say $39 isn't so bad, but after they said there wasn't an annual fee, I think that's just ridiculous. I'm sure it explains it in the tiny fine print that's a few degrees away from illegible.

I don't yet have a credit card, though I am going to get one before the next semester begins and since I'm a student, there's some sort of a catch wherein it will be easier for me to have good credit or some crap like that, I wasn't paying attention at the bank until they mentioned the $. My only fear is I'd end up shopping online for crap I don't need, rather than annual fees and such.




C38368

...burning angel wings to dust

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14th February 2004

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#3 10 years ago

I have one; it was my first credit card. I rarely ever use it: the rate is half again as much as any other credit card I have and the limit is still $500, I think. Pretty useless, but no annual fee. It's possible that they tack on on to people without credit histories. It's also possible that you screwed up and agreed to let them enroll you in something. Capital One's "service" reps are wicked aggressive about that kind of thing, and it really pisses me off on the rare occasion I have to speak to them.




-Section- VIP Member

Wut?

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13th July 2006

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#4 10 years ago

I'm sorting through all of that junk myself. I keep getting offers in the mail, and I figured that it was probably time I did signed up for one and start building a little bit of credit history. I have to pay for school books and supplies each year anyways.. so I may as well make something good out of it. I was actually considering Capital One. Now, I've gotten offers from Visa and Mastercard recently, so I've also been checking into them.

Does anyone know anything about Discover Card? I've heard some decent things about them before.




C38368

...burning angel wings to dust

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14th February 2004

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#5 10 years ago

Visa, Mastercard, Discover and Amex are examples of major credit guarantors. Capital One, Chase and Citi are examples of issuing banks. There's a major difference. It's the issuing bank that sets the terms (payments cycles, interest rates, credit limits and the like). All the guarantor does is guarantee any merchant that they will cover the transaction should the payor fail to come through. For this guarantee, the credit company charges a fee on all transactions. Point being, Visa is just Visa. Discover is just Discover. With the possible exception of Amex (who I think act as their own bank), issues almost universally arise from the issuing bank, not the credit company whose logo appears on the card.




Skyrider

FileFront Network Staff

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7th June 2003

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#6 10 years ago
they tell me its an annual fee which was apply each year.

Was this mentioned anywhere on the papers / credit card?