Comments on: Chase Making More Changes to Card Holder Policy http://www.creditcardassist.com/blog/chase-makes-policy-changes/ Mon, 06 Feb 2012 15:03:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Apcrocket http://www.creditcardassist.com/blog/chase-makes-policy-changes/#comment-8213 Apcrocket Tue, 27 Nov 2007 10:54:37 +0000 http://www.creditcardassist.com/blog/chase-makes-policy-changes/#comment-8213 This isn't true. Chase is still the worst company out there for jacking up your APR for any possible reason. I just closed my account with them. I called each of ym 4 credit card companies and requested a lower APR given my perfect payment history and the fact that I was making double and triple payments. Discover, USAA and AMEX Blue all lowered my rates no problem - each is now under 10%. Chase however informed me that due to something on my credit report (FICO score in the mid 700s) they were going to raise my rate from 10.9% to 23% in 30 days. My credit report has nothing derogatory on it. My only fault is a high volume or loans and some credit card debt which as I mentioned I am paying down in huge chunks. Here is why I think they did it. My Chase minimum payment was around $50 and I was paying chunks of $600. I was going to have the card payed off in 7 months at that clip and they realized to make money off me they had better rip me on the interest rates. Fortunately on of my other cards was happy to raise my limit and give me a fixed 5.9% balance transfer deal on the entire life of the transfer from Chase. My advice, don't do business with Chase. This isn't true. Chase is still the worst company out there for jacking up your APR for any possible reason. I just closed my account with them. I called each of ym 4 credit card companies and requested a lower APR given my perfect payment history and the fact that I was making double and triple payments. Discover, USAA and AMEX Blue all lowered my rates no problem – each is now under 10%. Chase however informed me that due to something on my credit report (FICO score in the mid 700s) they were going to raise my rate from 10.9% to 23% in 30 days. My credit report has nothing derogatory on it. My only fault is a high volume or loans and some credit card debt which as I mentioned I am paying down in huge chunks.

Here is why I think they did it. My Chase minimum payment was around $50 and I was paying chunks of $600. I was going to have the card payed off in 7 months at that clip and they realized to make money off me they had better rip me on the interest rates.

Fortunately on of my other cards was happy to raise my limit and give me a fixed 5.9% balance transfer deal on the entire life of the transfer from Chase. My advice, don't do business with Chase.

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