“No-Hassle” card full of hassles
Posted in Stupid by Derek at 11:06 am
This post was published 4 years 10 months 20 days ago and its content may not be valid anymore.Attorney General Mike Hatch sued Capital One Bank Thursday over the ads for its “No Hassle” credit card, which promote a supposedly fixed interest rate of 4.99 percent. Customers who miss a payment deadline or exceed their credit limit can end up with interest rates of as much as 27 percent, Hatch said at a press conference. About 40 percent of the credit card’s users will be paying higher interest rates within two years, he said.
I knew the “No-Hassle” card from Capitol One had to have a catch. I’ll make sure never to miss a payment on mine… sheesh.
