On Capital One's website the interest rate for their gold card is 19.8% as the annual interest rate.
I have gone slightly above my limit (which I paid yesterday) and on the Capital One statement I am being charged an annual interest rate of 25.9% which is absolutely ludicrous.
This company makes their ads so appealing that anyone can get a credit card through them but how shameful that here in Canada there no stricter laws against these companies that can rip people off as they see fit.
I have filed complaints with their Ombudsman as well as the Competition Bureau of Canada which is a new branch of government looking into companies such as this.
Anyone needing more information on the Bureau can go to:
For anyone contemplating Capital One for a credit card please stay away from them. I am not the only who has been ripped off by them. Be safe and know this company is out to get you any way they can.