Back in 2004 we opened a Chase Master Card, back then we used to move money around credit cards instead of paying them off. We thought debt would somehow go away one day using this method. I remember our balance was around $5,000 and our interest rate suddenly went up to 32.99% for no reason. We were never never late, never over the credit line etc. I called and got the Universal Default BS. The next month I transferred the entire balance to our current CITI card, PremierPass.
To this day I don’t understand why Chase did that, I hope they read this site one day and realized how much money they lost since all that interest for the past three years went to CITI (still paying as of this post). One year we paid well over $2,000 in interest alone.
Why I’m I writing all this? Because I keep hearing about this new Chase $10 Service Charge they are adding to credit cards, to customer accounts with good credit. They also continue to raise interest rates and minimum payment calculations.
Who is the idiot at CHASE (JPMorgan Chase) that came up with these new changes? Why upset your best customers and lose money, especially during this recession?
We will never own any Chase products again in the future. No credit cards, no bank accounts, no mortgages.
If you’ve had any negative experiences with CHASE please comment below, I would love to hear your horror stories.
HS
Menu Monday
3 hours ago
9 comments:
Class Action Filed Over Chase Credit Card Fees
Bank demands "monthly service fee," higher payments
http://www.consumeraffairs.com/news04/2009/02/chase_class_action.html
We have one credit card, that will soon be paid off. This card is a mastercard through our local credit union. I think the smaller ones such as credit union cards treat their customers better. I have had a credit card with this Credit union for many years. I usually don't have a balance, but I am against ever having one again (thanks to Dave Ramsey)
But I have to say, they have always been good to me. I have never had my interest rates jacked up. They always hover around 12%-13% I think if people need a card or have a lot then they should look for a credit card through a credit union as opposed to a bank. I did have issues with Capital one once---years ago and the details are too long to get into. But the experience led me to just having the one with my credit union. Plus our checking is tied to it...makes making payments easy!
Check out www.changeinterms.com for a whole slew of people enraged at Chase and starting to take action.
After decades of being a Chase customer, I, too, will never, ever have another Chase product or put another penny in Chase coffers after my credit card is paid off. I am one whose payment was increased from $416 in Dec, 08 to $1,025 in Jan, 09 - PLUS a $10/month fee was slapped on the account. Never late, never missed a payment, credit score in the high 700's....go figure. They are messing with the wrong person.
Hi there,
I too received a notice like this, except with my citibank card. As a cardholder who charged well over 800 a month since 1994, they increased my apr to 21.99. I always pay on time, and in full. I also have another citibank card, which i don't use too much, but did not receive this notice. Weird! Needless to say, I opted out. I'm hoping to pay everything off by the end of this year. Ridiculous. I also have a blog, if you are interested in reading it, let me know!
Thanks
CHASE SUCKS, I don't like the $10 service fee.
JP MORGAN CHASE CREDIT CARDS is one of the worse credit cards I've ever had. I will NEVER used this CHASE CREDIT CARDS EVER AGAIN. They are using the "RATE JACKING" tactics to all good consumer like me. First I was charge with a fixed rate and then for no reason raised my rate to 29.99%. I never been late and always paid them on time. Once I've paid them off I will cut them off and NEVER USE them ever again. PIECE OF ADVISE to the people who has CHASE CREDIT CARDS. DO NOT USE THEM OR YOU WILL BE RIPPED-OFF by this company. MR. PRESIDENT OBAMA I hope you are seeing all these complaints about this JP MORGAN CHASE COMPANY. MR. PRESIDENT OBAMA I hope you can address this "RATE JACKING" issues of this company. This will not HELP our economy by ripping voters like me.
After CHASE bought out WAMU I ended up having 2 credit cards with them. I owned used and paid in excess before the due date every month for 4 years. Just recently I went to get text books online with one of my credit cards and when the payment didn’t go through, I called the company. Turns out they closed my account without consent or notification saying that it had to do with my credit score. My credit score has fluctuated between 720 and 780 all my credit life. Also I asked if they had also closed my other account. They said no. I asked them what my APR was after finding my next payment to be doubled. They had upped my APR from 9.99 to 29.99, because I had missed one payment in 4 years. I promptly closed my second account with them, which may have been impulsive but it sure felt good. Is there no legal recourse?
Chase credit cards are awful. The promise you everything under the sun. and Then they jack there rates up. When you call customer service and ask why did my rates go up. they tell you i sent you a letter 2 months ago that your rate is going to change and you never recieve anything. Instead of posting it big in your statement. They are truly the scum of the earth. The supervisors are Morans they cannot do anything.
I agree!! I hate this card! They raised my interest rate because I paid two days- 2 days- EARLY! Then when I tried to shut off my account, I paid off my card and thought that was the end. They charged me some "fees" when I paid off the card that I had no idea about. Luckily, I found out the next month and paid it before they could charge me a late fee. At that time, I asked them to please completely shut off my account so I wouldn't incur anymore "fees" that I didn't know about- which could end up hurting my credit. Well- the SAME day I did this, and paid the "last fees" they charged me ANOTHER fee! AFTER MY ACCOUNT HAS BEEN CLOSED FOR OVER A MONTH!! These guys are CROOKS! I WILL NEVER get another chase card- ever. Buyer BEWARE!
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