"I couldn't possibly fail to disagree with you less."
20 June 2003What'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. Capital One had a good bargaining chip for that one. They are obscene mass mailers. They send me at least one promo piece a week and I'm not even one of their card holders. Sadly, I'm sure you're right about the interest rate statement. Posted by: Marc at 6:31 PM on 20 June 2003Yup. The savings will go right into the advertising budget. Posted by: McGehee at 1:56 PM on 21 June 2003 |