Chase rate jacking to usury rates!

Get another card...most card will let you transfer balances for the
life of the loan at say 1%. Then pay off Chase. Don't cancel the
card but don't use it. When they want you back, tell them you need a
really great deal - and if they can't give it to you - don't use the
card. This way you won't lose your equity or FICO info.

It says my current rate is 13.24% for purchases, 9.99% + prime.

I have no idea if this is an increase, decrease, or the same, since I
never have paid interest. The only reason I looked was this letter is
here.

Therefore I am left to wonder if there is something else about the
OP's history that is causing their rate of 22.9% + prime.

My FICO score, the only time I checked, was around 700+/-. I closed
some cards since then, which they say not to do. I just can't get
wrapped up in this FICO thing, as I have never had any problem getting
credit. I see people saying they check their score once a week, and it
baffles me completely. I comb my dog's hair once a week. I pay my
balance off each month.

Rates, fees, and terms may change: We reserve the right to change the
account terms (including the APRs) at any time for any reason, in
addition to APR increases that may occur for failure to comply with
the terms of your account. The APRs for this offer are not guaranteed;
APRs may change to higher APRs, fixed APRs may change to variable
APRs, or variable APRs may change to fixed APRs. Any changes will be
in accordance with your Cardmember Agreement.

cYour APRs may increase if you default on this account for any of the
following reasons: We do not receive at least the minimum payment due
by the date and time due; you exceed your credit line, if applicable;
or you make a payment to us that is not honored by your bank. We may
consider the following factors to determine the default rate: the
length of time your account has been open; the existence, seriousness
and timing of defaults; other indications of your account usage and
performance; and information about your other relationships with us,
any of our related companies or from consumer credit reports.

It is what it is.

Banks are in the business of making money. Don't like it, go with a
different card.

Or spend within your means.

This information is available before you apply, and resent to you when
you receive your card. It is part of your cardmember agreement.

Part of your right to have a credit card means you assume the
responsibility of researching it.

Yes taxpayers helped bail out banks.

That does not make us stockholders.

I completely agree with you. I think it's terrible what they're
doing. My Mom carries a zero balance on her credit cards got her
limit cut in half. It makes no sense.

Good luck.

I couldn't agree more Chase is a horrible company and we the taxpayers
pay for it. Chase lacks any customer service and simply put think of
you the customer as nothing more then a dollar sign.

If this is true, and your credit limit is only $1400 (not a lot of
money), it isn't clear why you would have to default.

More to the point, it isn't clear why you are paying interest at all.
I have Chase cards, and their interest rate is I DON'T KNOW. I have
never paid a penny interest in 20+ years of credit card use. When I
receive a notice about interest rates, I just throw it in the trash.
They could raise it, lower it, they could eliminate it. It would not
affect my spending or habits. I just buy within my economic limits.

I regularly pay my card off, and Chase has never lowered my limit. In
fact it was increased on one card two months ago.

Good management of a credit card means paying it off every month, if
the interest rate is anything more than what a money market pays
(around 1-2% right now). Paying anything more is insane IMO.

If you play with the snakes you are going to eventually get bitten.



Good Day