Capital One Credit Card Cash Back Rebate Reduced

Guest: kevin
Post subject: Capital One Credit Card Cash Back Rebate Reduced
Posted: Sat Apr 01, 2006 4:24 pm

Hi,

This is my first post.

I just found out that Capital One changed the cash back reward on my MilesOne rewards card from 1% to 0.5%. This was effective 11/1/2005.

I have 70000 unredeemed points which are now only worth $350 instead of $700. They claim they sent out a letter and there is nothing they can do to help me.

I,m willing to let go of the 0.5% scince Nov., but I believe they should honor their original agreement for the 1% before Nov.

Is this tough luck for me or do I have any recourse? Any feed back would be appreciated.

Kevin

---

CardRatings.com is the most comprehensive source for comparing credit card offers.  Please visit CardRatings.com to view the best rated credit cards!

---

Guest: TomfromCT
Credit Expert (100+ Posts)
Posted: Sat Apr 01, 2006 6:02 pm

you got a plateful of tough cookies

the card agreement says they can change things when they want
_________________
Average FICO score: 709
Average FAKO score: 703

55 Months of perfection

WOOOHOOOOOO !!!!!!!!!!!!

---

CardRatings.com is the most comprehensive source for comparing credit card offers.  Please visit CardRatings.com to view the best rated credit cards!

---

Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Sun Apr 02, 2006 3:39 pm

kevin wrote:
Hi,

This is my first post.

I just found out that Capital One changed the cash back reward on my MilesOne rewards card from 1% to 0.5%. This was effective 11/1/2005.

I have 70000 unredeemed points which are now only worth $350 instead of $700. They claim they sent out a letter and there is nothing they can do to help me.

I,m willing to let go of the 0.5% scince Nov., but I believe they should honor their original agreement for the 1% before Nov.

Is this tough luck for me or do I have any recourse? Any feed back would be appreciated.

Kevin

So they reduced the "REWARD" RETROACTIVE???

That is really WRONG

I would write the OFFICE OF THE PRESIDENT of the credit card company

---

CardRatings.com is the most comprehensive source for comparing credit card offers.  Please visit CardRatings.com to view the best rated credit cards!

---