20 June 2003
What's on your envelope?
I can't believe I'm doing another post about Capital One already, but this merits some attention.
The Postal Rate Commission has cut a deal with Capital One; the so-called "Negotiated Service Agreement" will save the card issuer 3 to 6 cents per piece mailed, beyond standard presort and other discounts, for the next three years, up to a maximum of $40.6 million.
Somehow I doubt any of that forty million will go to keeping your interest rate down, but such is life.