Recently received letters from Capital One about you deserve more from your card and now you'll get it Guaranteed.

From the letter:

" You're smart. You're financially savvy. That's why, now, you're guaranteed to get at least one of
the following upgrades. Free.

Start earning No Hassle Rewards (or earn them faster)

Improve other card features

Lower your APR

Just call my team at 1-877-513-9959 before November 15, 2007.

This call is fast, easy and free. My specially trained team is here just to listen to you. And we ant
to talk about the free upgrades we can make to your cards.

You can reach us every day between 8:30a.m. and 11 p.m. (ET).

Thanks for being a great customer. We're looking forward to hearing from you."

I called the number and ask for reward upgrade, increase in credit lines, and lower my APR.

I got my reward structures changed to every dollar spend earn 3 pts and increase of $5k without pulling credit report.

And they did offer 6 months of 5.9% but I told them hell no since I have 8.49% on my AMEX for life. But they didn't budge.

Good luck.

Update: According to post below that this maybe account specific, therefore I have updated the post YMMV.

Appears to be targetted since I called up and they said there was nothing they could do for me. I currently have a 7.49 apr for purchases/cash advances but they just can't increase my embarrassing $1000 credit limit. I mean I have a 770 fico, 35k with AMEX, 10k with mbna, 15k with BoA, and a whopping 1k with cap1. But can't really complain, I'm studying abroad and I'm actually making money when I use my card 1% fee - 1.25% Cash Back. Just wish there was some way to increase the damn limit.

I called and got 0% APR for 6 months.

bbyf16 said:Appears to be targetted since I called up and they said there was nothing they could do for me. I currently have a 7.49 apr for purchases/cash advances but they just can't increase my embarrassing $1000 credit limit. I mean I have a 770 fico, 35k with AMEX, 10k with mbna, 15k with BoA, and a whopping 1k with cap1. But can't really complain, I'm studying abroad and I'm actually making money when I use my card 1% fee - 1.25% Cash Back. Just wish there was some way to increase the damn limit.

of course its targeted.

Well, I called them and they doubled my limit from $500 to $1000. Good find, OP.

My CapOne is my oldest and has historically been the most useless, so its... well, slightly more useful than before but not enough to call "useful".

Thanks for the post! Recently received the same offer! Was very interested, but a bit hesitant as I received three similar letters in one week regarding the same account number! Just seemed fishy, so I googled the phone number and found your post! I've been a long-time FW lurker, so I feel confident in calling now. Hopefully they'll bust out a lower APR for me! Thanks, again!!!

If anyone is thinking about doing this, I highly suggest it! The call was quick and easy. I got them to temporarily lower my APR to 0% for six months. This is great as I'm currently paying off my recent wedding charges! It will help tremendously in paying off that debt!!!

Just called.

The offered me the rewards program, $5000 increase in CL, $10,000 CL Increase, Or 0% for 6 months.

They could combine the 0% and Rewards, but the CL increase could not be combined.

I had called capital one last week to see about BT specials (not referencing this offer) and they declined my request to increase credit limit stating that they are unable to accept requests for credit limit increases on that account.

I called for this offer today and they offered me a $10K increase. I asked about 0%, and they didn't give me that option.

Never got anything like this before: I just called (11/07 2:15 CST), and was told that the system for that program was down; they have their best experts working on it; I should call back in one WEEK, when they expect to have it back up again. WTF?

I'll try again tonight, and see if it get the same response.