Compared to most of the posts I've read here, I've had good Cap1 experiences. They were the first card I got after my BK - which is remarkable, since I included them in my BK - and within 15 months took a $500 CL to $1900. So I've been calling once every two weeks to get my APR lowered from 15%. Today I was told it could not happen within six months of my getting the $59 fee waived. I asked why my APR was related to the fee waiver, and the CSR told me that it costs them $100 annually to maintain an account and they had to recoup their expenses somewhere. I pointed out that I had never kept enough of a balance to pay interest on, and she was able to see that. I told her that since it was an absurdly high rate, they would never see a penny of interest. If, however, Cap1 wanted to get competitive with my other cards, then I would be delighted to keep a balance and pay interest. I thought others here would get a kick out of the logic and the supposed cost of maintaining an account.
