Watch out for CapitalOne deceptive marketing practices

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Watch out for CapitalOne deceptive marketing practices

Postby jeffysdad » Thu Feb 10, 2011 3:20 pm

I just made a purchase at and when I finished with my order a page popped up offering me $100 cashback if I opened a CapOne cc account (because I'm a good Gevalia customer, it said). The ad also said the card would have no annual fee.

After filling out the entire application I was on the last screen and scrolled through the terms. I was about to apply for a card with a $39 annual fee. The banner ad I had clicked on clearly said the card I would be applying for would not have an annual fee. Obviously, I aborted the application.

I had a CapOne cashback card until a few months ago. I canceled it because after more than half a dozen requests over the period of a year for them to stop sending me balance transfer checks and other marketing materials in the mail, they still would not do it.

When I did have the card I never had any problems with them. However, I only used it for a balance transfer that I quickly paid off. And now that I'm thinking about it. This account was shut down once for a fraud alert even though I had never used the card for anything but a balance transfer. A new account no. was issued and everything.

Pretty sleazy, imo.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

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Elliot Castro
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Postby Elliot Castro » Thu Feb 10, 2011 4:15 pm

Even if they sent you the card, they can't charge you the 39$ I believe unless you ACTIVATE it.

Obama passed not too long ago new laws that creditors had to follow to prevent them from being deceptive. However, those banks have spent a lot of money and research to get around those laws, which is my Obama's administration is rushing for new ammends to prevent the abuse of loopholes.

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