Capital One Platinum Costco MASTERCARD Consumer Reviews

I was not an executive Costco member so I just signed up for a Capital One Costco card to get the cashback on the Capital One Mastercard. 1.5 years down the line I cancelled my Costco membership and hence had to close CapitalOne Mastercard and I was read a disclosure that says that I have to give up all my cashback reward money and close the account. Meaning all that cashback I earned overtime was for nothing! I got zero money through 1.5 years of accumulated cashback. I feel cheated. Pls, be aware of this.

I think Capital One may be an unethical company. If you try to cancel your credit card you will have to forfeit any of the benefits you have earned. They also say that they will continue to let any pre-authorized payments continue to be charged to your card. If you have forgotten any annual pre-authorized payments these expenses along with interest may continue to grow on your card without your awareness because you don't get a paper bill and why would you check the balance of a credit card you believe is cancelled. Some authorities should look into this credit card company's practices. I insisted that they no longer had my permission to make any payments on my behalf. I almost want to test whether they will honour the fact that I withdrew my consent.