This is scary: I have a Capital One credit card. Had it for years with 9.9% interest. We have a FICA score around 820. I get a notice in the mail today that they are changing my interest rate to 29.4%. This will not hurt me as I only have a little over $100 for a balance due. Needless to say I will be shopping for another card. My sense is with so many people out of work they are living on their credit cards and not making payments - so the credit card companies have to raise rates. I heard a while ago that this is the next crisis coming down the pike. Odd that they would do it to a long-standing customers with an excellent credit rating. Not sure what the reasoning is behind that. Capital One has to be desperate for cash. I wonder how many others are? Anyone else getting notices like this from other credit card companies?