8.21.2008

Stupid bank tricks

A couple weeks ago, I got a credit card offer from Capital One for 0% APR for 16 months on balance transfers up to 30k. I accepted and gave them the account number of my car loan to pay off. Today, I received a new credit card with a 10k limit and a rejection of the balance transfer. I guess credit is tightening faster than the marketing department can keep up with, but at $50 - $100 customer acquisition costs, that's a bad way to run a business.

I called Capital One and told them where they could put their credit card.

I'm going to start replying to their future offers the same way I reply to WaMu:

Capital One sucks

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Happy Super Tuesday!