I've had my Capital One Kmart account with a $7,000 limit for almost 2 years.
Now they started charging a MONTHLY $4 fee.
WHY are they doing that? People who don't use the card will forget to make a payment.
Turn $4 into $39, + of course finance charges.
I want to close that account so bad. But then what? I'll get an even lower FICO score: Higher balance/limit ratio, if I get an account to replace it I have a negative NEW account, more inquiries, lower average age of accounts, etc.
I can't win. It's the lose - lose situation
Thank you, America!
Posted by Christine at March 25, 2004 11:58 AM