? My main beef: They closed the card after an entire year, claiming they made an "error" in issuing it. I have average credit, the same income I had when I applied, and have no late payments.? Take-away: DO NOT APPLY FOR THIS CARD unless you have stellar scores, *very* low debt-to-income ratios, and no considerable student loans. Even then, don't trust this terrible company at all. The details: Although I had an abysmal experience with Capital One years ago, on the recommendation of Credit Karma (thanks for nothing), I applied for a Savor One card in order to do a balance transfer. Good news: I got the card; bad news: I received a much smaller credit line than other cards I have, could not do a balance transfer, and the APR was an obscene 26+%. Fast forward about one year: I get a vaguely threatening email from them on Jan. 24, demanding that I give them updated income info, or they *might* close the account. I have the same job and income I had when I applied, so I "updated" the info on their website. On Feb. 13, I get another email informing me that they gave me the card in error and, having reconsidered, they are immediately closing the account. I keep my credit utilization under 30%, currently have (according to Credit Karma) an Equifax score of approximately 738 and a 664 Transunion score (dropped recently, not sure why). FICO is 717. Further, I have not been late with my payments, nor are there any recent late payments listed on my credit report. I, of course, called. Telephone customer service was coldly apologetic, but insisted no one else but the "senior" rep who answered the phone could talk to me about my concers about how THEIR error would negatively impact my credit when they reported it as "closed by the Grantor." I hit a brick wall with them, and all they could tell me was to complain to the credit bureaus and/or credit counselor about it. Bad, bad, and more bad.
