Posts tagged Capital One
Sean O’Brien Has a Credit Card for You
August 22, 2025 // Mr. O’Brien likes to denounce credit-card issuers for their rates. Interest rates on “credit cards are 19 to 29 to 30% depending on your credit,” he said in a recent interview. “So it’s like a strategy I think just to keep people in debt now and make them beholden to work in 2 or 3 jobs.”
Sanders and Hawley’s Interest Rate Cap Would Ban Their Union Allies’ Credit Cards
February 10, 2025 // They should have checked with their union boss pals before taking such a position. Many major labor unions have deals with banks to offer branded credit cards as a member benefit. Some of them can charge interest rates in excess of the 25 percent rate Sanders finds extortionate, and nearly all of them charge higher than 10 percent. One of the most common credit card partnerships for unions is with Capital One, which offers a Union Plus Mastercard. It is marketed as “Built for Union Members. Backed by Union Members,” and accounts are limited to active or retired union members or their families.
While Sean O’Brien Attacks Credit Card Companies, Teamsters Make Millions from High-Interest Card
February 5, 2025 // O’Brien is likely fine with this apparent hypocrisy because the Teamsters get paid handsomely by Capital One to promote the card. Disclosure forms filed with the Department of Labor show that the Teamsters received from Capital One $1.28 million in 2023, $1.52 million in 2022, and $1.5 million in 2021.