Just got my statement from Capital One in the mail yesterday. I felt I needed to share how “broke” they are from their notes included on my statement:
“Your request to close your account has been received. Your account will be closed when it reaches a $0 balance. Until then, you will continue to receive statements and must continue to make payments. All terms and conditions of the account will apply while a balance remains. Please remember to cut your cards and cancel all charges which automatically bill to your account.
We appreciate your business and are converting your account to Platinum status as of October 17th, 2005. So, be on the lookout for the arrival of your new Platinum card at your next reissue. Until then, you will receive Platinum benefits when you use your current card. For details about your new Platinum benefits visit www.capitalone.com/creditcards and click on the Guide to Benefits link. Thanks for choosing Capital One.”
I’m confused! So does that mean I should cut-up my new Platinum card when I get it per their instructions in the first paragraph?