This Chase Chase customer with Excellent Credit, who had never missed a payment just had his Chase Credit Card minumum payment increased from $300 a month to over $900. a month.
I've had a Chase Visa
since 2001 and the credit limit was $14,000. I have excellent
credit, own a nine room home in Florida and owned a beautiful 14
room Victorian home in the Cincinnati area.
Home in Florida - Lived here since 2003
I'm a very consentience,
responsible person who pays his bills on time and always try to do
the right thing.
When I originally
received my VISA credit card from Chase Visa in 2001, my
interest rate was 7.9%. If it were any higher, I would not have
signed up to use there credit card services.
In October, 2005, I
forgot to make a payment on my Chase Visa. In
November of 2005, I received a notice from Chase indicating that
they were raising my interest from 7.9
% to 24% ! What
an outrage.. after 4 years of never missing a payment, I miss ONE
payment and they are raising my interest to 24
% ! It's like
they were waiting for me to miss a payment so they could raise my
interest! I saw a report about this type of behavior on
the National News once about how this has happened to other people
but NEVER thought it would happen to me.
I now feel that Chase
Bank and their Chase Credit Cards SUCKS! Their conduct is
equivalent to that of racketeers and gangsters. They are
pulling a "bate and switch" by reeling you in with low
interests with every intention of raising your interest to an
OUTRAGEOUS rate if you make a mistake.
By canceling their
credit card and informing Chase in writing that I would NOT agree to
their new terms, I was able to lock my interest rate in at 7.9%.
I'm not taking this
without a fight and I want the WORLD to know what scoundrels Chase
Bank and their Chase Credit Cards are. I'm filing
complaints to my Attorney Generals Office, The Federal Trade
Commission, The Better Business Bureau, my Congressmen and anyplace
else that will bring HEAT onto Chase Bank / Chase Credit Cards
CHASE BANK SUCKS!!!!
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